International Petroleum and Guatemala Update

8 September 2014 ASX Code: RRSAIM Code: RRL Range Resources Limited ('Range' or 'the Company') International Petroleum and Guatemala Update International Petroleum Loan Range advises that further to the Company's announcement on 4 August 2014,International Petroleum Ltd ("IOP") (NSX: IOP) has received approval today fromits shareholders for, inter alia, the sale of its Russian assets and the issueof shares in IOP and options over shares in IOP in satisfaction of Range'sloan. The only remaining condition precedent to the settlement of Range's loan is thecompletion of the sale of the Russian assets by IOP. The Company will release a separate announcement on completion of the sale. Atzam 5 Well, Guatemala Range notes the announcement released today by Citation Resources Limited("Citation") (ASX: CTR) on the Guatemalan Project. Investors are encouraged to read the full announcement, which can be accessedat: http://www.asx.com.au/asxpdf/20140908/pdf/42s24ygt69bp26.pdf Range holds approximately 23% total interest in the Guatemalan Project (via its20% ownership in Latin American Resources Ltd and 5% ownership in Citation). Yours faithfully Rory Scott RussellChief Executive Officer Contacts Range Resources LimitedRory Scott Russell Cantor Fitzgerald EuropeNominated Advisor and Broker) David Porter / Sarah Wharry(Corporate finance) Richard Redmayne(Corporate broking)t. +44 (0)20 7894 7000 Buchanan (Financial PR - UK)Ben Romney / Helen Chant. +44 (0)20 7466 5000e. [email protected] Australian Office 945 Wellington StreetWest Perth, WA 6005Australiat. +61 8 9322 7600f. +61 8 9322 7602 UK Office Suite 1A, Prince's House38 Jermyn StreetLondon, SW1Y 6DNUnited Kingdom t. +44 (0)20 7025 7040f. +44 (0)20 7287 8028e. [email protected]

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