ARCHER MATERIALS LIMITED — Capital/Financing Update 2012

Apr 4, 2012

5 April 2012

==> picture [200 x 136] intentionally omitted <==

General Manager The Company Announcements Office Australian Securities Exchange

Share Purchase Plan – Notice under ASIC Class Order (CO 09/425)

Archer Exploration Limited (ASX : AXE) refers to the Share Purchase Plan announced on 29 March 2012, which allows eligible shareholders to subscribe for up to $15,000 worth of new shares, at $0.30 per share (“Share Purchase Plan”).

In accordance with ASIC Class Order (CO 09/425) Archer Exploration Limited (“the Company”) gives notice under paragraph 7(f)(ii) of the Class Order that :

• a) the Company will make offers to issue shares under the Share Purchase Plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (“the Act”);

• b) the Company is providing this notice in accordance with ASIC Class Order (CO 9/425);

• c) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

• d) as at the date of this notice, the Company has complied with section 674 of the Act; and

• e) as at the date of this notice, there is no excluded information ( in accordance with the requirements of subsections 708A (7) and (8) of the Act as if this notice were a notice an paragraph 708A(5)(e) of the Act).

Yours faithfully,

Archer Exploration Limited

==> picture [127 x 46] intentionally omitted <==

Craig W Gooden Company Secretary