Response to ASX Price Query

4th March 2011


The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000


By e-lodgement

RE: PRICE QUERY

I refer to your letter dated 3 March 2011 in relation to the recent change in
price of the Company's securities and respond as follows in line with the
numbers of your letter.

 1. The Company is not aware of any information concerning it, that has not
    been announced and which, if known, could be an explanation for recent
    trading in the securities of the Company;
   
 2. Not applicable;
   
 3. Range recently announced a number of key milestones for the Company across
    its development and exploration assets, including;
   
    - the securing of the drilling rig for its Georgian exploration program;
       
    - anticipated mobilisation of the Georgian drilling rig expected March
      2011, and planned spudding in April 2011;
       
    - commencement of drilling at the East Texas Cotton Valley Project; and
       
    - successful fracture stimulation of the lower two zones on the Russell
      Bevly well, with the upper two zones to follow later in March 2011.
       
It is anticipated that further updates on the Company's activities will be made
with respect of its assets over the coming weeks as events occur, as indicated
in the recent announcements from the Company.

The Company also notes that its Executive Directors have been in London on a
promotional visit, further increasing the awareness and activities of Range to
a wide range of the London investment community, at a time of increased
activity across the Company's portfolio of assets.

Since the release of the announcements referred above, the share price has
increased significantly (with volume) on its AIM traded shares (with ASX
following).

 4. The Company confirms that it is in compliance with the ASX Listing Rules.
   

Yours faithfully

Peter Landau
Executive Director
Contacts


Range Resources

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

Australia                                            London
PPR                                                  Tavistock Communications
David Tasker                                         Jonathan Charles
Tel: [phone]                               Tel: [phone]
Em: [e-mail]                          Em: [e-mail]

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

ABN 88 002 522 009
www.rangeresources.com.au


London

5th Floor, 23 King Street, St. James House, London SW1 6QY
t: [phone], f: [phone]

Australia

Ground Floor, 1 Havelock Street, West Perth WA 6005, Australia
t: [phone], f: [phone]

e: [e-mail]