Issue of Equity

ABN 88 002 522 009

Level 3, 1 Havelock Street
West Perth, WA 6005
P [phone]
F [phone]

21 July 2010

Appendix 3B

Please see summary of Appendix 3B as announcement on the ASX

Securities to be issued

  * 25,295,722 Ordinary Fully Paid Shares to be issued upon exercise of listed
    options ($0.05, 31 December 2011)
   
  * 20,000,000 Ordinary Fully Paid Shares and 20,000,000 listed options (RRSO)
    ($A0.05, 31 December 2011) which have been issued as the first tranche of
    the Strait transaction that was approved at General Meeting 4 September
    2009.
   
Please note that this initial first tranche of shares and options issued as
part of the Georgian transaction and have already been included in the totals
in Section 8 on the Appendix 3B and in previous appendix 3B's.

Following the issue of these securities the total number of securities on issue
are as follows:

1,097,315,704       Ordinary Fully Paid Shares                                 
                                                                               
64,897,125          Listed Options (RRSOA) (A$1.00, 1 October 2010)            
                                                                               
408,718,945         Listed Attaching Options (RRSO) ($A0.05, 31 December 2011) 
                                                                               
18,845,645          Unlisted Options (A$0.05, 31 Mar 2015)                     
                                                                               
5,420,655           Unlisted Options (£0.04, 30 June 2015)                     
                                                                               
60,000,000          Unlisted Directors Options (A$0.10, 31 Dec 2011)           
                                                                               
3,177,029           Unlisted Options (A$0.50, 30 June 2012)                    

For and on behalf of the Board

Regards


Peter Landau
Executive Director

Contacts

Range Resources
Peter Landau
Tel : [phone]
Em: [e-mail]

Australia                                  London
PPR                                        Conduit PR
David Tasker                               Jonathan Charles
Tel: [phone]                     Tel: + 44 (0) 20 7429 6666
Em: [e-mail]                Em: [e-mail]

RFC Corporate Finance (Nominated Advisor)  Old Park Lane Capital (Broker)
Stuart Laing                               Michael Parnes
Tel: [phone]                     Tel: [phone]

Range Background

Range Resources is a dual listed (ASX: RRS; AIM: RRL) oil & gas exploration
company with oil & gas interests in the frontier state of Puntland, Somalia,
the Republic of Georgia and Texas, USA.

  * Range holds a 25% interest in the initial Smith #1 well and 20% interest in
    further wells on the North Chapman Ranch project, Texas. The project area
    encompasses approximately 1,680 acres in one of the most prolific oil and
    gas producing trends in the State of Texas. Drilling of the first well has
    resulted in a commercial discovery with independently assessed gross
    recoverable reserves in place of 215 Bcf of natural gas, 16 mmbbls of oil
    and 15 mmbbls of natural gas liquids.
   
  * Range holds a 13.56% interest in the East Texas Cotton Valley Prospect in
    Red River County, Texas, USA, with the prospect's project area encompasses
    approximately 1,570 acres encompassing a recent oil discovery.
    Independently assessed gross recoverable reserves in place of 5.4 mmbbls of
    oil.
   
  * In Puntland, Range holds a 20% working interest in two licences
    encompassing the highly prospective Dharoor and Nugaal valleys with plans
    to drill two wells (TSXV:AOI) - 65% Operator, in 2010.
   
  * In the Republic of Georgia, Range holds a 50% farm-in interest in onshore
    blocks VIa and VIb, covering approx. 7,000sq.km. Currently, Range has
    recently completed a 410km 2D seismic program.
   
The reserves estimate for the North Chapman Ranch Project and East Texas Cotton
Valley has been formulated by Lonquist & Co LLC who are Petroleum Consultants
based in the United States with offices in Houston and Austin. Lonquist
provides specific engineering services to the oil and gas exploration and
production industry, and consults on all aspects of petroleum geology and
engineering for both domestic and international projects and companies.
Lonquist & Co LLC have consented in writing to the reference to them in this
announcement and to the estimates of oil, natural gas and natural gas liquids
provided. These estimates were formulated in accordance with the guidelines of
the Society of Petroleum Engineers ("SPE"). The SPE Reserve definitions can be
found on the SPE website at spe.org as well as in the full Lonquist report on
the Range website.