Opes Prime Update

Range Resources Ltd

                                                             ABN 88 002 522 009

                                                            34 Parliament Place

                                                             West Perth WA 6005

                                                                     PO Box 684

                                                             West Perth WA 6872

                                                             P: [phone]

                                                             F: [phone]

[e-mail]

2 April 2008

OPES PRIME UPDATE

Following enquires from several shareholders, Range Resources Ltd ("Range" or
the "Company") wishes to confirm that none of the interests of Range directors
in Range shares are held under margin lending facilities operated by the
collapsed Australian margin lending and stock broking group, Opes Prime.

Furthermore, Range is aware that like many other junior resource companies,
some of its shares (held by non-director related interests) may be held under
margin lending facilities operated by Opes Prime and subject to whatever sale
arrangements are decided to be pursued by the receivers/administrators of the
Opes Prime companies. However, based on current information obtained by the
Company, Range believes that only a relatively small number of its shares are
held through such facilities, being less than 1% of its issued shares.

For and on behalf of the Board.

Peter Landau

Executive Director

Range Resources Ltd.       RFC Corporate Finance  Fox-Davies Capital   
                                                                       
                           (Nominated Adviser)    (Broker)             
                                                                       
Peter Landau               Stuart Laing           Daniel Fox-Davies    
                                                                       
+ 61 8 9488 5200           [phone]        [phone]  
                                                                       
www.rangeresources.com.au