Range Resources Limited provides the following company update:

Texas Range Resources Limited would like to announce that preparations are underway to move in production equipment to the Smith well site. Following recent heavy rains, the site has been built up further in readiness for the production equipment to be installed and production to commence.

The Company will provide further updates as the Smith well progresses towards first production. . Georgia The seismic program continues in Georgia, with the seismic contractors well into their planned 350kms of seismic acquisition. It is expected that the acquisition will be completed by end February / early March 2010, after which the seismic data will be processed and interpreted with results due Q2 2010.

Corporate The Company would also like to announce that further to the announcement released on 20 January 2010, and following strong interest from sophisticated and institutional clients of Range's recently appointed UK Broker, Old Park Lane Capital, the Company has received additional commitments for a further placement of 30m shares at £0.029. The placement is subject to shareholder approval and the placement shares will not be eligible to participate in the Company's 1 for 4 rights issue that is currently in process.

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