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	Alice McCleary
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	Direct (a)
	Indirect (b)
Nature of indirect interest	Alice Mc Cleary Superannuation Fund
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant interest.	Robin Lawry, child of A McClearyDuncan Lawry, child of A McCleary
Date of change	22 February 2008
No. of securities held prior to change	(a) 730,000 ordinary fully paid shares.
	Restricted
	b) 750,000 ordinary fully paid shares.
	Restricted
	(b) 10,000 ordinary fully paid shares.
	Restricted
	(b) 10,000 ordinary fully paid shares.
	Restricted
Class	Bonus Options
Number acquired	(a) 365,000
	(b) 385,000
Number disposed	0
Value/Consideration	$0
Note: If consideration is non-cash, provide details and estimated valuation

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	(a) 730,000 ordinary fully paid shares.
	Restricted
	(a) 365,000 bonus options 25 cents exercise
	expiring 13 February 2010
	(b) 750,000 ordinary fully paid shares.
	Restricted
	(b) 375,000 bonus options 25 cents exercise
	expiring 13 February 2010
	(b) 5,000 bonus options 25 cents exercise
	expiring 13 February 2010
	(b) 5,000 bonus options 25 cents exercise
	expiring 13 February 2010
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 contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change

Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002