ASX Price Query and Texas Sale Update

10 October 2013


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


Via E–lodgement

                     ASX Price Query and Texas Sale Update                     

Range Resources Limited ("Range" or the "Company") wishes to advise that it has
received a share price query from the Australian Securities Exchange ("ASX")
and in response has confirmed that:

  * 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.
   
  * The Company has confirmed that it is in compliance with the ASX listing
    rules.
   
  * The Company notes the recent decrease in its share price on the AIM market
    where the Company is dual listed and where the majority of the Company's
    shares trade, with the decline in the ASX reflecting this recent decrease
    on AIM, however as stated above - is not aware of any other 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.
   
  * As previously announced, whilst the purchaser of its Texas assets continues
    to indicate that it is proceeding to complete settlement of the
    acquisition, Range is still awaiting receipt of the final consideration for
    the sale of these assets with Range agreeing to extend the settlement
    deadline (on a day by day basis by mutual agreement) and will update the
    market when funds are received. The Company understands that the delays
    have largely been a result of unanticipated banking procedural requirements
    for the international transfer of the funds and that these are currently
    expected to be resolved within the coming weeks.
   

Yours faithfully


Peter Landau
Executive Director

Contacts

Range Resources Limited                              PPR (Australia)                        
Peter Landau                                         David Tasker                           
T: [phone]                                 T: [phone]                   
E: [e-mail]                     E: [e-mail]             
                                                                               
GMP Securities Europe LLP                            RFC Ambrian Limited 
(Joint Broker)                                       (Nominated Advisor)                           
Richard Greenfield / Rob Collins / Alexandra Carse   Stuart Laing                                              
T: [phone]                              T: [phone]                           
                                                                               
Fox-Davies Capital Limited (Joint Broker)            Old Park Lane Capital (Joint Broker)   
Daniel Fox-Davies                                    Michael Parnes                         
T: [phone]                              T: [phone]                
                                                                                                                
Dahlman Rose & Company (Principal American Liaison)                            
OTCQX International Market (U.S.)                                                                                       
Christopher Weekes / Stephen Nash                                                                                  
T: [phone]                                                           


Range Background

Range Resources Limited 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, Texas, USA, Trinidad and Colombia.

  * In Trinidad Range holds a 100% interest in holding companies with three
    onshore production licenses and fully operational drilling subsidiary.
    Independently assessed Proved (P1) reserves in place of 17.5 MMBO with 25.2
    MMBO of proved, probable and possible (3P) reserves and an additional 81
    MMBO of unrisked prospective resources.
   
  * In the Republic of Georgia, Range holds a 45% farm-in interest in onshore
    blocks VIa and VIb, covering approx. 7,000sq.km. The Company is focussing
    on a revised development strategy that will focus on low-cost, shallow
    appraisal drilling of the contingent resources around the Tkibuli-Shaori
    ("Tkibuli") coal deposit, which straddles the central sections of the
    Company's two blocks, along with attracting potential farm-in partners
    across the license areas given the recent review performed across the
    licenses.
   
  * In Puntland, Range holds a 20% working interest in two licenses
    encompassing the highly
    prospective Dharoor and Nugaal valleys. The operator and 60% interest
    holder, Horn Petroleum
    Corp. (TSXV:HRN) has completed two exploration wells and will continue with
    a further seismic and well program over the next 12-18 months.
   
  * Range is earning a 65% (option to move to 75%) interest in highly
    prospective licences in the Putumayo Basin in Southern Colombia. The
    Company will undertake a 3D seismic program in the near term as part of its
    exploration commitments on the Company's Colombian interests.
   
  * Range has taken a strategic stake (19.9%) in Citation Resources Limited
    (ASX: CTR) which holds a 70% interest in Latin American Resources (LAR).
    LAR holds an 80-100% interest in two oil and gas development and
    exploration blocks in Guatemala with Canadian NI 51-101 certified proved
    plus probable (2P) reserves of 2.3 MMBBL (100% basis). Range also holds a
    20% interest in LAR.
   
                                                                    

Australia                               London                                 
Ground Floor, 1 Havelock Street, West   Suite 1A, Prince's House, 38 Jermyn    
Perth WA 6005, Australia                Street, London SW1 6DN                 
t:[phone], f:[phone]    t:[phone], f:[phone]  
e:[e-mail]           w: www.rangeresources.com.au