COMPANY ANNOUNCES $200,000 FINANCING

Vancouver, B.C. – Range Metals Inc. (“Range” or the “Company”) is pleased to announce that it has arranged a non-brokered private placement of 400,000 flow-through units of Range at a price of $0.50 per flow-through unit. Each flow-through unit will consist of one flow-through common share of the Company and one-half of one transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of Range at a price of $0.65 for a term of eighteen months from the date of closing of the Offering.

Range may pay a finder’s fee pursuant to the policies of the CNQ.

Proceeds from the Offering will be used by Range to fund its exploration programs on its joint venture property in the Tait Township area proximate to Rainy River Resources recent discovery.

On Behalf of the Board of Directors:

“Donald R. Sheldon”

Donald R. Sheldon
President