Range Energy Resources Inc. Announces Appointment of Michael Wood as President and Chief Executive Officer and to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2011) -

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Range Energy Resources Inc. (CNSX:RGO)(FRANKFURT:YGK) and Chairman Donald Sheldon are very pleased to announce the appointment of Mr. Michael Wood to the position of President and Chief Executive Officer, and to the Board of Directors, effective today.

Mr. Wood is currently a consultant advising in the international oil and gas sector with over 25 years of senior finance and operational management experience. Previous experience includes being President and CEO of Heritage Oil, an independent oil and gas production and exploration company listed on the London Stock Exchange and Toronto Stock Exchange, with operations in Africa, the Middle East and Russia; and more recently was a founder and CEO of TSX listed Candax Energy Inc. with oil and gas interests in Africa. Mr. Sheldon states, "Mike Wood brings a wealth of talent and experience to the table for our finance and development partners and we are very happy to add him to our Board and management team."

About Range Energy

Range Energy has an indirect 24.95% working interest in a company with an 80% interest in a production sharing contract governing the Khalakan Block in the Kurdistan Region of Iraq.

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

On Behalf of the Board of Directors:

Donald R. Sheldon, Chairman

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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.