International Petroleum and Guatemala Update

8 September 2014

ASX Code: RRS
AIM Code: RRL

                               Range Resources Limited
 
                              ('Range' or 'the Company')


                     International Petroleum and Guatemala Update


International Petroleum Loan

Range advises that further to the Company's announcement on 4 August 2014,
International Petroleum Ltd ("IOP") (NSX: IOP) has received approval today from
its shareholders for, inter alia, the sale of its Russian assets and the issue
of shares in IOP and options over shares in IOP in satisfaction of Range's
loan.

The only remaining condition precedent to the settlement of Range's loan is the
completion of the sale of the Russian assets by IOP.

The Company will release a separate announcement on completion of the sale.


Atzam 5 Well, Guatemala

Range notes the announcement released today by Citation Resources Limited
("Citation") (ASX: CTR) on the Guatemalan Project.

Investors are encouraged to read the full announcement, which can be accessed
at: http://www.asx.com.au/asxpdf/20140908/pdf/42s24ygt69bp26.pdf

Range holds approximately 23% total interest in the Guatemalan Project (via its
20% ownership in Latin American Resources Ltd and 5% ownership in Citation).


Yours faithfully

Rory Scott Russell
Chief Executive Officer



Contacts

Range Resources Limited
Rory Scott Russell

Cantor Fitzgerald Europe
Nominated Advisor and Broker)

David Porter / Sarah Wharry
(Corporate finance)

Richard Redmayne 
(Corporate broking)
t. [phone]

Buchanan (Financial PR - UK)
Ben Romney / Helen Chan
t. [phone]
e. [e-mail]

Australian Office

945 Wellington Street
West Perth, WA 6005
Australia
t. [phone]
f. [phone]

UK Office

Suite 1A, Prince's House
38 Jermyn Street
London, SW1Y 6DN
United Kingdom

t. [phone]
f. [phone]
e. [e-mail]

www.rangeresources.co.uk