RGO Range Energy Inc

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


Range Metals Inc. (CNSX:RGO)(FRANKFURT:YGK) ("Range" or the "Company") is
pleased to announce negotiations are being finalized to participate in a Middle
East oil and gas concession development project.


Range, through its corporate finance and capital markets partners, is conducting
a Subscription Receipt financing of $Cdn 15.0 million to $Cdn 25.0 million. A
maximum of 125,000,000 subscription receipts, each consisting of one common
share and one share purchase warrant, will be offered at a per subscription
receipt price of $0.20. Each warrant can be exercised to purchase one common
share of the Company for $0.40 for a two-year period.


Gross proceeds with be held in escrow pending the approval by the board and
execution of the participation agreements. Once released to the Company,
proceeds will be used in connection with the Middle East oil & gas project,
continuing exploration and drilling activity, and for general corporate
purposes.


The above private placement is subject to all regulatory and board approvals.

For further information please visit the Company's web site at www.rangemetals.com.

On Behalf of the Board of Directors:

Donald R. Sheldon, President

This news release contains certain statements that may be deemed
"forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although Range believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs, estimates and
opinions of Range's management on the date the statements are made. Range
undertakes no obligation to update these forward-looking statements in the event
that management's beliefs, estimates or opinions, or other factors, should
change, except as required by law.

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