INDEE

Mining of the Camel pit was completed to the depth based on the stage 1 cutback. This pit will remain on care and maintenance to enable resumption of operations if sufficient ore reserves are delineated to justify a restart.

Range River Gold signed a Memorandum of Understanding with the Northwest Mining and Geological Exploration Bureau for Nonferrous Metals (NWME) in relation to an exploration farm-in agreement on RNG’s Indee tenements, Western Australia, Australia. RNG and NWME are also in discussion with respect to opportunities for joint venture arrangements on other properties. The NWME will be undertaking due diligence on the Indee property and the other opportunities with formal joint venture negotiations planned to commence in June 2008. The NWME is based in Xi’an, China. The NWME has been a successful explorer and developer of gold, base metal and ferrous metals in China and in particular the Shaanxi Province. In the quarter ended Mar31/08, the Board decided to begin winding down operations at the Indee Mine in anticipation of closure by June 2008.

The Board decided to begin winding down operations at the Indee Mine in anticipation of closure by June 2008. The wind down proceeded to plan with mining ceasing at the end of November 2007 and crushing and stacking of ore to heaps ceasing in December 2007. The ore stacked continued to be irrigated and produce gold during the quarter. The production of gold from the heaps will be monitored on a week by week basis in the coming quarter. Gold production, albeit at a significantly reduced level, is forecast to continue through the coming quarter. The final phase of wind down is moving to a care and maintenance basis and is expected to occur by the end of the coming quarter.