INCREASED CONVERTIBLE DEBT FINANCING

Vancouver, BC, Canada –Range Metals Inc. (CNQ:RGO) (FWB:YGK) (“Range” or the “Company”) wishes to announce it has arranged, subject to regulatory approval, two convertible unsecured debenture financings in the principal aggregate amount of Cdn$410,000. This is an increase over the aggregate amount of Cdn$290,000 previously announced on September 19, 2008. Terms and conditions remain the same as previously announced. Interest pursuant to the convertible debentures is payable at a rate of 8.0% per annum. The debentures are convertible, at the lenders option, into units of the Company, each unit comprising one common share of the Company and one share purchase warrant, at a per unit price of $0.40. Each share purchase warrant allows the holder to purchase one common share in the capital of the Company for $0.75 per share for a period of 2 years from the date of conversion. Proceeds from the financing will be used by Range for property investigation and for general corporate purposes.

On Behalf of the Board of Directors:

“Donald R. Sheldon”

Donald R. Sheldon
President