Range Metals Inc. Announces Amalgamation With Range Oil & Gas Inc., a Name Change, and Granting of Stock Options

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Range Metals Inc. (CNSX:RGO)(FRANKFURT:YGK) wishes to announce that it has filed
the necessary documentation to amalgamate with its wholly-owned subsidiary,
Range Oil & Gas Inc., effective December 31, 2009. Range Metals Inc. also
intends to change its name to Range Energy Resources Inc., the effective date of
such change to be announced in due course. The move better reflects the
company's management focus and asset concentration as well as enhances its
corporate finance profile to take advantage of future opportunities.


Corporate meetings are planned for the week of January 18, 2010, in London,
England to review the exploration plan for the Khalakan Blocks in Kurdistan
where Range holds a 24.95% indirect interest. The Blocks are proximate to the
Heritage Miran field discovery. Heritage has recently spudded a second well that
is expected to reach target depth in mid March, 2010.


Range Metals Inc. also wishes to announce that it has granted incentive stock
options to insiders and a consultant to purchase a total of 10,500,000 shares of
Range Metals at a per share exercise price of $0.30 for a term of five years.


For further information on Range Metals Inc. (CNSX:RGO)(FRANKFURT:YGK), please
visit the Company's web site at www.rangemetals.com. A new site,
www.rangeenergyresources.com, will be active January 15, 2010.


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.