Range Metals Inc.
CNQ : RMIC
FRANKFURT : YGK

Range Metals Inc.

August 21, 2007 09:00 ET

Range Metals Inc.: Drilling to Commence on Rainy River Claim, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2007) - Range Metals Inc. (the "Company") (CNQ:RMIC)(FRANKFURT:YGK) and Bayfield Ventures Corp. are pleased to announce that the companies have mobilized a diamond drill rig to the Rainy River district of North western Ontario for a drill program on their 50/50 joint venture Claim Block "A" project. The property is located approximately 800 metres to the southwest, on strike, of Rainy River Resources gold discovery on their ODM zone and the # 17 zone.

Rainy River Ontario Claims Map: http://www.bayfieldventures.com/i/maps/BYV-RR-Area-all.gif

Overburden drilling and geophysical surveys (magnetometer and Horizontal Loop electromagnetic) have been completed over the property during the 2007 winter exploration program. Several targets on this block warrant diamond drilling with anticipated Phase 1 drilling consisting of 6 to 7 holes totalling 1,500 metres.

The Horizontal Loop electromagnetic survey indicates several moderate strength bedrock conductors. Of significance is the location of the conductive zones with respect to structures and a large area with high pristine gold grain counts. The cluster of sites with high pristine gold grain counts would indicate proximity to a bedrock source of gold.

5 reverse circulation drill holes totalling 150 metres were completed on the ground during the 2007 winter exploration program. These holes were designed as infill drill holes to confirm and expand information on a previous reconnaissance overburden drill program initiated by Nuinsco Resources in 1996. Average depth of samples taken on the Claim Block "A" was approximately 25 metres below surface. 5 till samples taken assayed from 400 ppb gold to 2,400 ppb gold, which were identified by Overburden Drilling Management Ltd. Laboratory.

David J. Busch, B.A., B.Sc., PGeo., is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.

On Behalf of the Board of Directors:

Donald R. Sheldon, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture and Frankfurt Stock Exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this press release.

Contact Information

  • Range Metals Inc.
    Donald R. Sheldon
    President
    (604) 687-2038
    (604) 687-3141 (FAX)
    Website: www.rangemetals.com