ARCHER MATERIALS LIMITED — Capital/Financing Update 2010

Jan 12, 2010

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Hudson Investment Group Limited ABN 25 004 683 729

13 January 2010 Company Announcement Office Australian Securities Exchange Limited

Level 2, 131 Macquarie Street Sydney NSW 2000 Australia PO Box R1908 Royal Exchange NSW 1225 Australia T: +61 2 9251 7177 F: +61 2 9251 7500 www.higl.com.au

Hudson acquires 18.2% stake in Archer Exploration Limited

Hudson Investment Group Limited ( Hudson ) (ASX:HGL), has acquired 11,721,249 fully paid ordinary shares in Archer Exploration Limited (ASX:AXE) ( Archer ) through its wholly owned subsidiary Raffles Equities Limited ( Raffles ).

The acquisition represents an 18.2% stake in Archer.

In consideration Hudson swapped two Hudson Resources Limited shares for every three Archer shares acquired, representing approximately $1.875 million (12/01/2010). The offer for the Archer shares was limited to a select group of Archer shareholders.

Hudson (through Raffles) will become Archer's largest shareholder.

John Farey, Hudson’s CEO noted:

“Archer is a copper, gold and uranium explorer focused on the discovery of ore deposits. Archer owns a portfolio of projects, covering an area in excess of 7,000 km[2] , in the highly prospective Gawler Craton and Adelaide Fold Belt regions of South Australia. The company’s Evelyn Dam prospect in the West Roxby Project is an iron ore-copper-gold-uranium target which has a gravity anomaly similar in size to the nearby Olympic Dam operations.

“The acquisition of the Archer interest enhances Hudson’s exploration portfolio which includes investments in coal, bauxite and industrial clays.

“There is a synergy that can provide a downstream benefit across our minerals portfolio.”

More information about Archer can be found at www.archerexploration.com.au.

For further information, please contact:

John W Farey Chief Executive Officer

Hudson Investment Group Limited Telephone: +61 2 9251 7177