Clarification of Inaccurate Newspaper Article

Range Resources Ltd
 ABN 88 002 522 009

 1 Havelock Street
 West Perth, WA 6005

 P [phone]
 F [phone]


20 November 2008

Range Resources Clarifies Inaccurate Newspaper Article.

Range Resources Limited (ASX:RRS, AIM: RRL) ("Range" or "the Company") the oil
and gas explorer with assets in Puntland, Somalia, has been made aware of a
recent misleading and defamatory "news" article published by The Age newspaper
in Australia under the heading "Mining Firm tied to Somali Oil Pirates."

In response to the various incorrect statements and claims made in the article,
the Company would like to make the following specific comments:

  * Neither the Company, nor any of its Directors, have any ties to "Somali Oil
    Pirates". Further, Range categorically denies the incorrect and defamatory
    statement that the Company "has paid millions of dollars in controversial
    fees to Somali rebels responsible for a surge in international piracy,
    including the hijacking this week of an Oil Supertanker" The Company will
    be pursuing all legal options with regards to the article. The Company
    cannot comprehend how legitimate, disclosed payments to an elected,
    autonomous government have been described as "fees to Somali rebels,
    responsible for piracy."
   
  * The article suggests that the current government of Puntland is disputed.
    It was elected by tribal clans representing the Puntland region and an
    election process is currently underway in Puntland with regards to the
    election of a new parliament and president. In the Company's opinion, to
    suggest that the government is disputed implies that the Puntland people do
    not have the right to appoint parliamentary members who then elect the
    president of Puntland.
   
  * As stated in Range's last quarterly (31 October 2008) in respect of the
    current piracy problem.
   
    i. The Puntland government and His Excellency President Hersi are heavily
    involved in discussing proposed security options which adds, in Range's
    opinion, significant diplomatic credibility and recognition to Puntland.
   
    ii. A focussed effort (as proposed by the European Economic Community) on
    combating piracy will hopefully provide further assistance and benefits to
    Puntland through joint security initiatives which may ultimately provide
    greater stability to the region in the medium term.
   
    Further, the Puntland Government is involved in a number of joint initiatives
    with foreign countries (including France, Germany and the USA) to assist with
    combating the piracy problem. The Supertanker referred to in the article was
    captured some 800km off the coast of Kenya, (southeast of Mombasa).

  * The article refers to the actions of former Transitional Federal Government
    ("TFG") Prime Minister Gedi who resigned over a year ago due to conflicts
    within the TFG. As announced by Range to ASX during the last 12 months, the
    Puntland Government is the controlling government of the region:
   
    "The Puntland Government remains fully committed to its existing agreement with
    Africa Oil and Range Resources, covering concessions in the Dharoor and Nogal
    Valley of Puntland. The concession agreements covering those areas remain in
    effect and are supported by the full force of the laws of Puntland. This
    statement by the Puntland Government is intended to dispel
    uncertainty-surrounding control of natural resources in Puntland. The Puntland
    Government will fiercely protect its rights in order to preserve ownership of
    its natural resources for the people of Puntland"

    As clearly defined in a Puntland Government Policy statement 
    (www.puntlandgovt.com) "Until such time an all inclusive federal constitution
    is effected and state governments, convinced with the sharing of power and
    resources are instituted, Puntland's support of the TFG should not be
    interpreted in any manner that Puntland is part of the TFG- Puntland shall
    remain independent for its laws, policies and interests."

                                  Ministry of Energy and Minerals (August 2008)

  * Range's deal with the Puntland Government was not "struck with the Minister
    of Finance" as the article suggests. Both the Contract of Work and the
    Production Sharing Agreements in place are unanimous Acts of Parliament and
    were negotiated with the cabinet of the Puntland Government headed by His
    Excellency, President Hersi.
   
  * The reference to the Victorian policemen having links to the Company needs
    to be clarified. One performed a brief consulting service (security
    assessment) in 2005, the other in 2007/8 (strategic assessment). The
    Company notes that the stated Ethical Standards Department investigation
    was completed and allegations against Mr Langdon were found to be
    unsubstantiated.
   
  * Range does not have a mysterious joint venture partner as the article
    suggests. Canadian listed oil and gas company, Africa Oil Corporation
    (TSXV:AOI) is the Company's joint venture partner on its two onshore oil
    concessions in Puntland.
   
Contacts

Range Resources
Peter Landau
Aus: [phone]
UK: [phone]
[e-mail]

Australia
PPR
David Tasker
[phone]
[e-mail]

RFC Corporate Finance
(Nominated Advisor)
Stuart Laing
[phone]

London
Conduit PR
Jonathan Charles
+ 44 (0) 20 7429 6666
[e-mail]

Fox-Davies Capital
(Broker)
Daniel Fox-Davies
[phone]