Entitlement Issue Prospectus

Range Resources Ltd
                                                             ABN 88 002 522 009

                                                            34 Parliament Place
                                                             West Perth WA 6005

                                                                     PO Box 684
                                                             West Perth WA 6872

                                                             P: [phone]
                                                             F: [phone]

                                                    [e-mail]

2 November 2007

                         ENTITLEMENT ISSUE PROSPECTUS                          

Range Resources Ltd (the "Company") wishes to advise that a copy of the
prospectus in relation to its previously announced (to the Australian Stock
Exchange) non-renounceable options entitlement issue to shareholders and
placement options offer to option holders has been lodged with the Australian
Securities and Investment Commission and is available for viewing on the
Company's website at www.rangeresources.com.au.

As previously announced, the summary details on the entitlements issue and
placement offer are:

- A non-renounceable entitlement issue of approximately 24,403,003 options to
existing shareholders on the basis of one option exercisable at A$1.00 on or
before 1 October 2010 for every eight (8) shares held by shareholders
registered at 5.00pm Western Standard Time (in Australia) at an issue price of
1 cent per option to raise approximately A$244,300; and

- An offer of up to 69,185,660 options (with the same terms as the entitlement
options above) to holders of listed options in the Company at 1 August 2007 on
the basis of one (1) option for every listed option held on that date at an
issue price of 1 cent per option to raise up to A$691,857. This offer is
subject to shareholders approval at the Company's annual general meeting.

Full details, including key dates, are contained in the prospectus.


Yours faithfully


JOANNA KIERNAN
Company Secretary


Range's nominated adviser is RFC Corporate Finance Ltd, contact: Stuart Laing,
ph: [phone].