Rights Issue

Range Resources Ltd
                                                             ABN 88 002 522 009

                                                     Level 3, 1 Havelock Street
                                                             West Perth WA 6005

                                                              p [phone]
                                                              f [phone]

                                                    [e-mail]

5 January 2010

RIGHTS ISSUE

Range Resources Limited ("Range" or "the Company") is pleased to announce that
it will undertake a non-renounceable entitlements issue ("Rights Issue") to
raise approximately A$7.0 million (before expenses).

Shareholders shall be entitled to acquire one (1) new ordinary Range Share ("
New Share") for every four (4) existing Range Shares held at the record date
(to be determined) at an issue price of A$0.05 per share. Shareholders with UK
addresses will be eligible to participate.

The Company is in final negotiations with a number of interested parties to
have the Rights Issue fully underwritten.

Range is currently preparing the necessary regulatory and compliance
documentation and will provide an update once complete, along with a proposed
timetable for the Rights Issue.

As part of the Company's ongoing financing needs for Georgia and Texas, in
conjunction with the Rights Issue, a placement has been completed to
institutional and sophisticated investors under the same terms as the Rights
Issue to raise approximately A$2 million through the issue of 40 million
ordinary shares.

For and on behalf of the board

PETER LANDAU
Executive Director



For further information please contact:

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                     Fox-Davies Capital 
(Nominated Advisor)                       (Broker)
Stuart Laing                              Daniel Fox-Davies
Tel: [phone]                    Tel: [phone]

www.rangeresources.com.au