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File: 1    NR  Announce PP.doc

February 10, 2016 NEWS RELEASE

NON-BROKERED PRIVATE PLACEMENT FINANCING 

Vancouver, BC, Canada - Range Energy Resources Inc. (the "Company") (CSE: RGO) (FWB: YGK) is pleased to announce a non
--->-brokered private placement of up to 142,857,142 units (the "Units") of the Company at a price of CDN$0.035 per Unit f
--->or gross proceeds of up to CDN$5,000,000.00 (the "Offering").  Each Unit will consist of one (1) common share (the "Co
--->mmon Share") and one (1) transferrable share purchase warrant (the "Warrant").  Each Warrant will entitle the holder t
--->hereof to purchase one (1) additional Common Share for a period of five (5) years from the closing date of the Offerin
--->g at a price of CDN$0.05 per Common Share.
The closing of the Offering is subject to receipt of all necessary regulatory and Board approvals.  The securities iss
--->ued pursuant to the Offering will be subject to a four month hold period in accordance with applicable Canadian securi
--->ties laws.  The Company anticipates that there will likely be insider participation in the Offering. 
The capital from the Offering will be used by the Company to continue to fulfill its obligations to joint venture part
--->icipants so that the development of the Khalakan Block in the Kurdistan Region of Iraq can continue as well as provide
---> general working capital.
For further information on Range Energy Resources Inc., please visit the Company's web site at www.rangeenergyresource
--->s.com. 
On Behalf of the Board of Directors:
Toufic Chahine
Chairman
Tel: 604-688-9600
Fax: 604-687-3141
Email: range@rangeenergyresources.com

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMI
--->NATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAV
--->E NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MA
--->Y 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 loo
--->king statements are statements that are not historical facts and are generally, but not always, identified by the word
--->s "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressio
--->ns, 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 no
--->t 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 t
--->he statements are made. Except as required by law, Range Energy Resources Inc. undertakes no obligation to update thes
--->e forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should c
--->hange.


File: 1    NR  Announce PP.pdf

                                                                                                 789 West Pender Stree
--->t, Suite 1128
                                                                                                 Vancouver, BC, Canada
---> V6C 1H2
                                                                                                       Tel.: (604) 688
--->-9600
                                                                                                      Fax.: (604) 687-
--->3141



February 10, 2016                                           NEWS RELEASE

                                 NON-BROKERED PRIVATE PLACEMENT FINANCING


Vancouver, BC, Canada   Range Energy Resources Inc. (the "Company") (CSE: RGO) (FWB: YGK) is
pleased to announce a non-brokered private placement of up to 142,857,142 units (the "Units") of the Company
at a price of CDN$0.035 per Unit for gross proceeds of up to CDN$5,000,000.00 (the "Offering"). Each Unit
will consist of one (1) common share (the "Common Share") and one (1) transferrable share purchase warrant
(the "Warrant"). Each Warrant will entitle the holder thereof to purchase one (1) additional Common Share for
a period of five (5) years from the closing date of the Offering at a price of CDN$0.05 per Common Share.

The closing of the Offering is subject to receipt of all necessary regulatory and Board approvals. The securities
issued pursuant to the Offering will be subject to a four month hold period in accordance with applicable
Canadian securities laws. The Company anticipates that there will likely be insider participation in the Offering.

The capital from the Offering will be used by the Company to continue to fulfill its obligations to joint venture
participants so that the development of the Khalakan Block in the Kurdistan Region of Iraq can continue as well
as provide general working capital.

For further information on Range Energy Resources Inc., please visit the Company's web site at
www.rangeenergyresources.com.

On Behalf of the Board of Directors:
Toufic Chahine
Chairman
Tel: 604-688-9600
Fax: 604-687-3141
Email: range@rangeenergyresources.com

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 lo
--->oking statements are statements
that are not historical facts and are generally, but n ot always, identified by the words "expects", "plans", "anticip
--->ates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "co
--->uld" or "should" occur. Although
Range Energy believes the expectations expressed in such forward-looking statements are based on reasonable assumption
--->s, such statements are not
guarantees of future performance and actual results may differ materially from those in forward looking statements. Fo
--->rward looking statements are based
on the beliefs, estimates and opinions of Range Energy's management on the date the statements are made. Except as req
--->uired b y law, Range Energy
Resources Inc. undertakes no obligation to update these forward-looking statements in the event that management's beli
--->efs, estimates or opinions, or other
factors, should change.




    THE CSE AND FRANKFURT STOCK EXCHANGES HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE
                       ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.