Board and Management Changes

ABN 88 002 522 009
                                                                               
                                                            16 Southport Street
                                                         West Leederville, 6007                      
                                                              Western Australia
                                                                               
                                                            Ph: [phone]  
                                                             F: [phone]                  
                                                            
22 July 2008                                        [e-mail]                           
                                                             
                                                                               
                                      
Board and Management Moving Forward

Following recent media speculation Range Resources Limited (`Range' or the
`Company') would like to clarify its Board and Management structure moving
forward.

The Company advises that Mr. Liban Bogor has resigned as a Director of the
Company to work exclusively for the Puntland Government on various initiatives.
Mr Bogor's move was done in consultation with Range and the Government and is
seen as a positive, taking into account all stakeholder interests in Puntland.
The Board would like to thank Mr. Bogor for his efforts with the Company over
the last 2 years and wish him well with his future activities in Puntland.

As the operator of the Joint Venture Africa Oil Corp. (`Africa Oil') has
primary responsibility in dealing with the Puntland Government in respect of
the two granted onshore concession areas (Nogal and Dharoor). The Directors of
Range remain pleased with the Joint Venture arrangements and have confidence in
Africa Oil's ability to deliver on the agreed work program and continue the
expedited development work achieved to date. 

The Board are developing a strategy to realise value from its significant West
Australian tenement portfolio. Current Executive Director, Mr. Michael Povey will 
move to a Non Executive position and will be responsible for managing this strategy. 
The Forrestania project is an extensive portfolio of tenements held in the central
and southern areas of the Forrestania Greenstone Belt and in the South West of
Western Australia the Company holds two exploration licenses with known gold
deposits.

The Board has begun an executive search for a new Managing Director with
suitable international oil and gas experience. No further appointments are
proposed until the appointment of an appropriate Managing Director.

The Company will shortly release a notice of meeting dealing with various
corporate and incentive arrangements moving forward.

For further information:

Australia                              UK
Range Resources Ltd.                   Range Resources Ltd.
Robert Hyndes                          Peter Landau                                              
+61.8.9324.8513                        +44.207.389.8191
[e-mail]                      [e-mail]                                                   
                                                      
RFC Corporate Finance                  Fox-Davies Capital                                                             
(Nominated Advisor)                    (Broker)                            
Stuart Laing                           Daniel Fox-Davies                                                     
+61.8.9.480.2500                       +44.207.936.5200         
                                                                               
                                        
                                                                           
                                                    
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