Issue of Options and Shares

RANGE RESOURCES LIMITED - ASX Appendix 3B - setting out details of new options and shares issued by the company                                              

ABN 88 002 522 009                

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough
space).

1    +Class of +securities issued Ordinary Fully Paid Shares            
     or to be issued                                                    
                                  Listed Options (A$0.05 cents, 31      
                                  December 2011)                        
                                                                        
                                  Unlisted Options (A$0.015 cents, 30   
                                  May 2009)                             
                                                                        
2    Number of +securities issued                                       
     or to be issued (if known)   27,980,758 Ordinary Fully Paid Shares 
     or maximum number which may                                        
     be issued                    34,528,058 Listed Options             
                                                                        
                                  844,111 Unlisted Options              
                                                                        
3    Principal terms of the                                             
     +securities (eg, if options, 27,980,758 Ordinary Fully Paid Shares 
     exercise price and expiry                                          
     date; if partly paid         34,528,058 Listed Options (A$0.05     
     +securities, the amount      cents, 31 December 2011)              
     outstanding and due dates                                          
     for payment; if +convertible 844,111 Unlisted Options (A$0.015     
     securities, the conversion   cents, 30 May 2009)                   
     price and dates for                                                
     conversion)                                                        
                                                                        
4    Do the +securities rank      Yes                                   
     equally in all respects from                                       
     the date of allotment with                                         
     an existing +class of quoted                                       
     +securities?                                                       
                                                                        
     If the additional securities                                       
     do not rank equally, please                                        
     state:                                                             
                                                                        
       * the date from which they                                       
         do                                                             
                                                                        
       * the extent to which they                                       
         participate for the next                                       
         dividend, (in the case                                         
         of a trust,                                                    
         distribution) or                                               
         interest payment                                               
                                                                        
       * the extent to which they                                       
         do not rank equally,                                           
         other than in relation                                         
         to the next dividend,                                          
         distribution or interest                                       
         payment                                                        
                                                                        
5    Issue price or consideration Exercise of 14,644,925 New Options at 
                                  $0.015 each and issue of 10,983,698   
                                  Listed Options exercisable at A$0.05  
                                  cents on or before 31 December 2011,  
                                  as per terms of the Company's recent  
                                  non-renouceable rights issue          
                                                                        
                                  Issue of 13,333,333 Ordinary Fully    
                                  Paid Shares and 23,333,333 Listed     
                                  Options exercisable at A$0.05 cents   
                                  on or before 31 December 2011, in     
                                  lieu of various corporate and         
                                  consulting services provided to the   
                                  Company.                              
                                                                        
                                  Issue of 844,111 Unlisted Options     
                                  exercisable at A$0.015 cents on or    
                                  before 31 May 2009 and 211,027 Listed 
                                  Options exercisable at A$0.05 cents   
                                  on or before 31 December 2011, in     
                                  lieu of various corporate and         
                                  consulting services provided to the   
                                  Company.                              
                                                                        
6    Purpose of the issue         Conversion of Options                 
                                                                        
     (If issued as consideration  Issue of shares and options           
     for the acquisition of                                             
     assets, clearly identify                                           
     those assets)                                                      
                                                                        
7    Dates of entering            28 April 2009                         
     +securities into                                                   
     uncertificated holdings or                                         
     despatch of certificates                                           
                                                                        
                                  Number            +Class              
                                                                        
8    Number and +class of all     253,553,957       Ordinary fully paid 
     +securities quoted on ASX                      shares (RRS)        
     (including the securities in 64,901,186                            
     clause 2 if applicable)                        Listed Options      
                                  72,864,615        (RRSOA) (A$1.00, 1  
                                                    October 2010)       
                                                                        
                                                    Listed Attaching    
                                                    Options (RRSO)      
                                                    ($A0.05, 31 December
                                                    2011)               

                                 Number             +Class              
                                                                        
9    Number and +class of all    3,177,029          Unlisted Options    
     +securities not quoted on                      (A$0.50, 30 June    
     ASX (including the                             2012)               
     securities in clause 2 if   74,597,833                             
     applicable)                                    Unlisted New Options
                                                    (A$0.015, 31 May    
                                                    2009)               
                                                                        
                                                                        
10   Dividend policy (in the     Not applicable                         
     case of a trust,                                                   
     distribution policy) on the                                        
     increased capital                                                  
     (interests)                                                        

Part 2 - Bonus issue or pro rata issue

11   Is security holder approval          N/A                              
     required?                                                             
                                                                           
12   Is the issue renounceable or         N/A                              
     non-renounceable?                                                     
                                                                           
13   Ratio in which the +securities will  N/A                              
     be offered                                                            
                                                                           
14   +Class of +securities to which the   N/A                              
     offer relates                                                         
                                                                           
15   +Record date to determine            N/A                              
     entitlements                                                          
                                                                           
16   Will holdings on different registers N/A                              
     (or subregisters) be aggregated for                                   
     calculating entitlements?                                             
                                                                           
17   Policy for deciding entitlements in  N/A                              
     relation to fractions                                                 
                                                                           
18   Names of countries in which the      N/A                              
     entity has +security holders who                                      
     will not be sent new issue documents                                  
                                                                           
     Note: Security holders must be told                                   
     how their entitlements are to be                                      
     dealt with.                                                           
                                                                           
     Cross reference: rule 7.7.                                            
                                                                           
19   Closing date for receipt of          N/A                              
     acceptances or renunciations                                          
                                                                           
20   Names of any underwriters            N/A                              
                                                                           
21   Amount of any underwriting fee or    N/A                              
     commission                                                            
                                                                           
22   Names of any brokers to the issue    N/A                              
                                                                           
23   Fee or commission payable to the     N/A                              
     broker to the issue                                                   
                                                                           
24   Amount of any handling fee payable   N/A                              
     to brokers who lodge acceptances or                                   
     renunciations on behalf of +security                                  
     holders                                                               
                                                                           
25   If the issue is contingent on        N/A                              
     +security holders' approval, the                                      
     date of the meeting                                                   
                                                                           
26   Date entitlement and acceptance form N/A                              
     and prospectus or Product Disclosure                                  
     Statement will be sent to persons                                     
     entitled                                                              

27   If the entity has issued options,    N/A                              
     and the terms entitle option holders                                  
     to participate on exercise, the date                                  
     on which notices will be sent to                                      
     option holders                                                        
                                                                           
28   Date rights trading will begin (if   N/A                              
     applicable)                                                           
                                                                           
29   Date rights trading will end (if     N/A                              
     applicable)                                                           
                                                                           
30   How do +security holders sell their  N/A                              
     entitlements in full through a                                        
     broker?                                                               
                                                                           
31   How do +security holders sell part   N/A                              
     of their entitlements through a                                       
     broker and accept for the balance?                                    
                                                                           
32   How do +security holders dispose of  N/A                              
     their entitlements (except by sale                                    
     through a broker)?                                                    
                                                                           
33   +Despatch date                       N/A                              

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of
securities

34    Type of securities                                                      
                                                                              
      (tick one)                                                              
                                                                              
(a)         Securities described in Part 1                                    
                                                                              

(b)   All other securities                                            
                                                                      
      Example: restricted securities at the end of the escrowed       
      period, partly paid securities that become fully paid, employee 
      incentive share securities when restriction ends, securities    
      issued on expiry or conversion of convertible securities        

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the                                         
information or documents                                                       

35         If the +securities are +equity securities, the names of the 20  
           largest holders of the additional +securities, and the number   
           and percentage of additional +securities held by those holders  
                                                                           
36         If the +securities are +equity securities, a distribution       
           schedule of the additional +securities setting out the number of
           holders in the categories                                       
                                                                           
           1 - 1,000                                                       
                                                                           
           1,001 - 5,000                                                   
                                                                           
           5,001 - 10,000                                                  
                                                                           
           10,001 - 100,000                                                
                                                                           
           100,001 and over                                                
                                                                           
37         A copy of any trust deed for the additional +securities         

Entities that have ticked box 34(b)

38   Number of securities for which                                        
     +quotation is sought                                                  
                                                                           
39   Class of +securities for which                                        
     quotation is sought                                                   
                                                                           
40   Do the +securities rank equally in                                    
     all respects from the date of                                         
     allotment with an existing +class of                                  
     quoted +securities?                                                   
                                                                           
     If the additional securities do not                                   
     rank equally, please state:                                           
                                                                           
       * the date from which they do                                       
                                                                           
       * the extent to which they                                          
         participate for the next                                          
         dividend, (in the case of a                                       
         trust, distribution) or interest                                  
         payment                                                           
                                                                           
       * the extent to which they do not                                   
         rank equally, other than in                                       
         relation to the next dividend,                                    
         distribution or interest payment                                  
                                                                           
41   Reason for request for quotation now                                  
                                                                           
     Example: In the case of restricted                                    
     securities, end of restriction                                        
     period                                                                
                                                                           
     (if issued upon conversion of                                         
     another security, clearly identify                                    
     that other security)                                                  
                                                                           
                                          Number   +Class                  
                                                                           
42   Number and +class of all +securities                                  
     quoted on ASX (including the                                          
     securities in clause 38)                                              

Quotation agreement

1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX
may quote the +securities on any conditions it decides.

2 We warrant the following to ASX.

• The issue of the +securities to be quoted complies with the law and is not
for an illegal purpose.

• There is no reason why those +securities should not be granted +quotation.

• An offer of the +securities for sale within 12 months after their issue will
not require disclosure under section 707(3) or section 1012C(6) of the
Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for
the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any
applications received by us in relation to any +securities to be quoted and
that no-one has any right to return any +securities to be quoted under sections
737, 738 or 1016F of the Corporations Act at the time that we request that the
+securities be quoted.

• We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the +securities to be quoted, it has been
provided at the time that we request that the +securities be quoted.

• If we are a trust, we warrant that no person has the right to return the
+securities to be quoted under section 1019B of the Corporations Act at the
time that we request that the +securities be quoted.

3 We will indemnify ASX to the fullest extent permitted by law in respect of
any claim, action or expense arising from or connected with any breach of the
warranties in this agreement.

4 We give ASX the information and documents required by this form. If any
information or document not available now, will give it to ASX before
+quotation of the +securities begins. We acknowledge that ASX is relying on the
information and documents. We warrant that they are (will be) true and
complete.

Sign here:


Date: 30 April 2009

Print name: PETER LANDAU, DIRECTOR

+ See chapter 19 for defined terms.

1/1/2003 Appendix 3B Page 1