Range Finalizing Agreement to Acquire Interest in Middle East Concession

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 "Corporation")
announces it is continuing to finalize the Share Purchase Agreement (the
"Agreement") in regard to an arm's length acquisition of an indirect interest in
an oil and gas concession in the Middle East (the "Acquisition"). The essential
terms of the Agreement have been agreed to but necessary opinions and some
requisite documentation are still being drafted. This documentation is expected
to be in final form by Thursday, November 5, 2009.


On October 22, 2009 the Corporation announced the closing of a private placement
financing of Subscription Receipts at C$0.20 each which raised a cash amount of
C$24,108,000. These funds are being held in escrow pending the closing of the
Acquisition. On closing of the Acquisition, an amount will be paid for the costs
of the Acquisition, and the remainder, less commissions, financing and closing
costs, will be delivered to Range to be used for its ongoing share of drilling
and exploration costs, and general and administrative expenses.


Further details of the transaction will be announced at a later date.

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 and CEO

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.