Puntland Update

Range Resources Ltd

                                                             ABN 88 002 522 009

                                                     Level 3, 1 Havelock Street
                                                            West Perth, WA 6005

                                                              P [phone]
                                                              F [phone]


3 February 2009


                                Puntland Update                                

Australian company 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 a Presidential policy update of the new Puntland
Government was presented to the Puntland Parliament over the weekend (31
January, 1 February 2009).

This policy update covered many areas of interest to the Puntland region, but
of particular interest to Range was the following statement:

"As you all know there are agreements signed by the former government that
raised complaints from various groups. These contracts were between the
government, foreign and local companies. In principle, I recognise and accept
these agreements, but we have to update ourselves and make sure that they are
benefiting the people and are within the laws of Puntland."

As mentioned in previous announcements, Range looks forward to establishing a
constructive and mutually beneficial relationship with the new Puntland
Government and its President, His Excellency, Dr. Abdirahman Mohamed Farole.

Ends


Contacts

Range Resources
Peter Landau
Tel: [phone]
Em: [e-mail]


Australia                                    London

PPR                                          Conduit PR
David Tasker                                 Jonathan Charles
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RFC Corporate Finance ((Nominated Advisor)   Fox-Davies Capital (Broker)
Stuart Laing                                 Daniel Fox-Davies
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