ARCHER MATERIALS LIMITED — Capital/Financing Update 2017

Nov 12, 2017

ABN 64 123 993 233

13 NovemberABN 64 123 993 2 33017

ASX Announcement

Share Purchase Plan – Cleansing Notice

Archer Exploration Limited (ASX: AXE) ( Company ) refers to its announcement on 6 November 2017 whereby eligible shareholders will have the opportunity to purchase new Archer shares up to the value of $15,000 under a share purchase plan ( SPP ).

The SPP will be offered in accordance with ASIC Class Order (CO 09/425). It is a condition of the Class Order that the Company gives ASX this notice within the 24 hour period before the SPP offer is made. Accordingly, Archer gives notice that:

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

• (b) This notice is given in accordance with ASIC Class Order (CO 09/425).

• (c) As at the date of this notice:

  • (i) the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Corporations Act; and

  • (ii) there is “no excluded information” within the meaning of sections 708A(7) and 708A(8) of the Corporations Act (as if this notice were a notice under paragraph 708A(5)(e) of the Corporations Act).

For further information please contact:

Mr Greg English Executive Chairman Archer Exploration Limited Tel: (08) 8272 3288 genglish@archerexploration.com.au

Mr Damien Connor Company Secretary Archer Exploration Limited Tel: (08) 8272 3288 dconnor@archerexploration.com.au

Archer Exploration Limited

Level 1, 28 Greenhill Rd Wayville SA 5034 www.archerexploration.com.au