STA.L Regulatory News (STA)

28 May 2014 ASX Code: RRS and AIM Code: RRL Range Resources Limited ("Range" or "the Company") Appointment of Chief Financial Officer Range is pleased to announce with immediate effect the appointment of Mr. NickBeattie as Chief Financial Officer ("CFO"), to be based in London. Nick Beattie, aged 40, has over twenty years of experience in finance workingwith a range of international banks. Most recently Nick was a ManagingDirector in the BNP Paribas Upstream Oil and Gas team in London where he wasresponsible for leading the bank relationships with UK focused independent E&Pcompanies. He has approximately ten years' experience specifically financingthe E&P sector and whilst at BNP Paribas, Nick structured and led numerousreserve based loans, development financings and other debt facilities. Priorto working with BNP Paribas, Nick worked as a Director within the Oil and Gasfinance team at Fortis Bank covering Europe, Middle East and Africa and in avariety of roles with National Australia Bank Group. Nick is an AssociateMember of the Association of Corporate Treasurers and a Fellow of the CharteredInstitute of Bankers in Scotland. Rory Scott Russell, CEO, commented: "I am delighted to announce the appointment of Nick Beattie as our new CFO,which further enhances the Company's senior management team. Nick brings awealth of highly valuable knowledge, as well as an extensive range of financeskills and commercial experience in international financing of Oil and Gasprojects. This will add invaluable experience to complement the skills of theexisting executive team, as the Company continues to develop and grow in theyears ahead." Yours faithfully Rory Scott RussellChief Executive Officer Contacts Range Resources Limited Buchanan (Financial PR - UK)Rory Scott Russell Ben Romney / Helen Chan T: +44 (0) 20 7466 5000 E: rangeresources@buchanan.uk.com GMP Securities Europe LLP (Broker) RFC Ambrian Limited (Nominated Advisor)Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyreT: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480 2500 PPR (Financial PR -Australia) Cowen Group(Principal American Liaison)David Tasker OTCQX International Market (U.S.)T: +61 (8) 9388 0944 Christopher Weekes / Stephen NashE: david.tasker@ppr.com.au T: +1 646 562 1000 Range Background Range Resources Limited is a dual listed (ASX:RRS; AIM:RRL) oil & gasexploration company with oil & gas interests in Trinidad; Puntland, Somalia;the Republic of Georgia; Guatemala; Texas, USA, and Colombia. * In Trinidad Range holds a 100% interest in holding companies with three onshore production licenses and a fully operational drilling subsidiary. Independently assessed Proved (P1) reserves in place of 17.5 MMBO with 25.2 MMBO of proved, probable and possible (3P) reserves and an additional 81 MMBO of unrisked prospective resources. Range also has a farm in with Niko Resources giving it exposure to circa 280,000 acres of prospective onshore and offshore acreage. * In the Republic of Georgia, Range holds a 45% farm-in interest in onshore blocks VIa and VIb, covering approx. 7,000sq.km. The Company is focussing on a revised development strategy that will focus on low-cost, shallow appraisal drilling of the contingent resources around the Tkibuli-Shaori ("Tkibuli") coal deposit, which straddles the central sections of the Company's two blocks, along with attracting potential farm-in partners across the license areas given the recent review performed across the licenses. * In Puntland, Range holds a 20% working interest in two licenses encompassing the highly prospective Dharoor and Nugaal valleys. The operator and 60% interest holder, Horn Petroleum Corp. (TSXV: HRN) has completed two exploration wells and will continue with a further seismic and well program over the next 12-18 months. * Range has the option to earn a 65% (option to move to 75%) interest in PUT-6 block in Putumayo Basin in Southern Colombia, which the Company is currently reviewing. * Range has taken a strategic stake in Citation Resources Limited (ASX: CTR) and Latin American Resources (LAR) which hold interest in two oil and gas development and exploration blocks in Guatemala with Canadian NI 51-101 certified proved plus probable (2P) reserves of 2.3 MMBBL (100% basis). Range has a direct and indirect 32% interest in the Guatemalan Project. Australia LondonGround Floor, 1 Havelock Street, West Suite 1A, Prince's House, 38 JermynPerth WA 6005, Australia Street, London SW1 6DNt:+61 8 9488 5220, f:+61 8 9324 2400 t:+44 (0)207 025 7040, f:+44 207 287e:admin@rangeresources.com.au 8028 w: www.rangeresources.com.au