I agree that it's probably a 2-speed fan but, rather than guess, I would try to find a manual or wiring diagram for the fan. Do you still have the manual for the old range? If it was electric, it was a 240-volt range, so was the fan a 2-speed fan?
Beyond that, I am not happy about the notion of using a direct motor-driven fan to exhaust paint fumes -- into an enclosed space. Unless it's a sealed, explosion-proof motor, I think that's probably a rather bad idea.