ASX Price Query

26 October 2011


Via e-lodgement


RE: PRICE QUERY


Range Resources Limited ("Range" or the "Company") wishes to announce that in
response to a query from the Australian Stock Exchange ("ASX") that:

 1. The Company notes that it is aware of chat room speculation regarding
    completed deals involving offshore Puntland and an eastern portion of the
    Nugal Valley, Puntland with a TSX listed vehicle.
   
 2. The potential deals whilst at an advanced documentation stage, are not
    completed and not material until such time as a number of key conditions,
    approvals and agreements are finalised and obtained.
   
 3. As shareholders are aware, the Company is actively exploiting all four of
    its project areas with development drilling and updated reserve reporting
    in Texas and Trinidad, key VSP and coring test work at the 1,550m at the
    Georgian - Mukhiani 1 Well and mobilisation activities in Puntland.
   
 4. A comprehensive update will be released at the end of the week once all
    material information is received.
   

For and on behalf of the Board

Regards
Peter Landau
Executive Director


Contacts

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


Australia                                                  London
PPR                                                        Tavistock Communications
David Tasker                                               Ed Portman/Paul Youens
Tel: [phone]                                     Tel: + 44 (0) 20 7920 3150
Em: [e-mail]                                Em: [e-mail]


RFC Corporate Finance (Nominated Advisor)                  Old Park Lane Capital (Joint Broker)
Stuart Laing                                               Michael Parnes
Tel: [phone]                                     Tel: [phone]


                                                           Panmure Gordon (Joint Broker)
                                                           Katherine Roe / Brett Jacobs
                                                           Tel: [phone]