Range Energy Resources Inc. Changes Name to Hawkstone Energy Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Range Energy Resources Inc. (CNSX:RGO)(FRANKFURT:YGK) is pleased to announce that it has changed its name to Hawkstone Energy Corp. and at open of market on Thursday, September 1, 2011, its common shares will commence trading on the Canadian National Stock Exchange (CNSX) under the name Hawkstone Energy Corp. under the new trading symbol "HEC".

The new ISIN for common shares of Hawkstone Energy Corp. is CA 42034P1062.

For further information on Hawkstone Energy Corp. (CNSX:HEC)(FRANKFURT:YGK), please visit the Company's web site at www.hawkstoneenergy.com, which will be active September 1, 2011.

On Behalf of the Board of Directors:

Toufic Chahine, Chairman

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 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.