ARCHER MATERIALS LIMITED — Director's Dealing 2008

Feb 21, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity ARCHER EXPLORATION LIMITED

ABN 64 123 993 233

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Gregory David English
Date of last notice	15 August 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevant interest.	GDE Exploration (SA) Pty Ltd ATF DragonMining Investments and ATF A1 EnglishFamily Trust. Mr. English is sole director andshareholder ofGDE Exploration(SA)PtyLtd
Date of change	22 February 2008
No. of securities held prior to change	11,604,798 ordinary fully paid shares.Restricted
Class	Bonus Options
Number acquired	5,802,399
Number disposed	0
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0
No. of securities held after change	11,604,798 ordinary fully paid shares.Restricted5,802,399 Bonus options 25 cent exerciseexpiring 13 February 2010

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change Bonus issue Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

	Detail of contract	Detail of contract	Nil	Nil	Nil	Nil
	Nature of interest
	Name of registered holder(if issued securities)
	Date of change
	No. and class of securities tointerest related prior to chan	whichge
	Note: Details are only required for a contract inwhich the interest has changed	relation to
	Interest acquired
	Interest disposed
	Value/Consideration
	Note: If consideration is non-cash, provide details and anestimated valuation
	Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002