options 7dollars before option expiry

Reasons:

1. Range is moving to complete its AIM listing this quarter following the formal appointment of the requisite
Nomad – RFC Corporate Finance Limited and completion of the necessary competent persons report.

The Board is pleased with the progress made in the quarter and looks forward to an exciting next quarter underpinned by a listing on AIM and the release of a proposed drilling programme.

2. Interpretation of this Conoco seismic data is currently being undertaken by a geological and geophysical team in Calgary and should be completed during August

3. A brief summary of the mineral projects is set out below. Range expects to release a comprehensive report on exploration results during the current quarter.

4. It is the joint venture’s intention to commence seismic or drilling operations in the field in the last quarter of 2007.