ARCHER MATERIALS LIMITED — Capital/Financing Update 2013

Dec 5, 2013

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6 December 2013

General Manager The Company Announcements Office Australian Securities Exchange

UNLISTED EMPLOYEE SHARE OPTIONS

The Directors of Archer Exploration Limited (ASX: AXE) advise that 1,250,000 unlisted options issued on 3 December 2010 exercisable by 30 November 2013 at 20 cents have been exercised and the balance of 3,750,000 expired unexercised.

Following the exercise and expiry of these options, the Company has 3,075,000 unlisted options as detailed below:

3,000,000 options exercisable at 40 cents expiring 1 April 2014. 75,000 options exercisable at 28 cents expiring 2 January 2015

Yours truly,

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Archer Exploration Limited Craig Gooden Company Secretary