Range Energy Resources Inc.: Closing of Non-Brokered Private Placement Financing

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Range Energy Resources Inc. (the "Company") (CNSX:RGO)(FRANKFURT:YGK) is pleased
to announce that further to its news release dated March 8, 2013, it closed the
non-brokered Private Placement for 87,500,000 units (the "Units") of the Company
at a price of CDN$0.04 per Unit for gross proceeds of $3,500,000. 


Each Unit consists of one (1) common share and one (1) transferrable share
purchase warrant. Each warrant will entitle the holder thereof to purchase one
(1) additional common share of the Company on or before March 12, 2015 at a
price of CDN$0.05 per common share. 


The Company paid a finder's fee of $25,000.00 (5% on $500,000) and 625,000
finder's warrants (5% on 12,500,000 Units). Each finder's warrant entitles the
finder to purchase one (1) common share of the Company on or before March 12,
2015 at a price of CDN$0.05 per common share.


The securities issued are subject to a four (4) month hold period that expires
on July 13, 2013.


The capital from the Offering will be used for continued exploration on the
Company's Khalakan Block project in Kurdistan and general working capital
purposes.


On Behalf of the Board of Directors:

Toufic Chahine, Chairman

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


This news release contains certain statements that may be deemed to include
"forward-looking information". 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 Energy
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 Energy's management on the date the statements
are made. Except as required by law, Range Energy Resources Inc. undertakes no
obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Range Energy Resources Inc.
Toufic Chahine
Chairman
604-688-9600
604-602-1606 (FAX)
[e-mail]
www.rangeenergyresources.com