Puntland Update

Range Resources Ltd

                                                             ABN 88 002 522 009

                                                     Level 3, 1 Havelock Street
                                                             West Perth WA 6005
                                                             
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                                                    [e-mail]


13 January 2009


                                Puntland Update                                

Range Resources Limited (ASX: RRS; AIM: RRL) ("Range" or "the Company") the oil
and gas explorer with assets in Puntland, Somalia, wishes to advise that
following a democratic regional election held late last week, Dr. Abdirahman
Mohamed "Farole," has been appointed the fourth President of Puntland. Dr.
Farole, 63, won in the third round of voting by the 66-seat Puntland
Parliament, which essentially functions as the region's Electoral College.

The Company congratulates the new President on his election and looks forward
to continuing with the successful development of Puntland's hydrocarbon and
mineral assets.  

Range believes the open and peaceful nature of the election of President Farole
highlight the strong wish of the Puntland people for security and democracy to
be maintained and enhanced in the region.

During the official crowning ceremony in Garowe, new President Dr Farole gave
special thanks to the outgoing President Hersi for the smooth transition of
power and declared that former President Hersi will become the Government's
special advisor on development issues.

Range Executive Director Peter Landau commented:

"The company has had a good working relationship with the Government of
Puntland and we would very much like to continue this. Former President Hersi's
appointment as a special advisor will assist us in maintaining the
relationship" said Mr Landau.

"President Farole's commitment to enhanced security, infrastructure and
economic development will assist all companies in operating in the region and
make Puntland a more attractive investment destination."


Ends

Contacts

Range Resources
Peter Landau
Tel : [phone]
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Australia                              London

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David Tasker                           Jonathan Charles
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