ARCHER MATERIALS LIMITED — Director's Dealing 2009

Aug 27, 2009

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 22 February 2008

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 relevantinterest.	Robin Lawry, child of A McClearyDuncan Lawry, child of A McCleary
Date of change	22 August 2009
No. of securities held prior to change	(a) 730,000 ordinary fully paid shares.
	b) 750,000 ordinary fully paid shares.
	(a) 365,000 bonus options 25 cent exercise
	price expiring 13 February 2010
	(b) 10,000 ordinary fully paid shares.
	(b) 10,000 ordinary fully paid shares.
Class	Ordinary fully paid shares
Number acquired	(b) 730,000 ordinary fully paid shares
	transferred from direct to indirect
Number disposed	(a) 730,000 ordinary fully paid shares
	transferred from direct to indirect
Value/Consideration	$109,500 (off - market transfer)
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	No. of securities held after change	No. of securities held after change	(a) 365,000 bonus options 25 cents exerciseexpiring 13 February 2010(b) 1,480,000 ordinary fully paid shares.(b) 375,000 bonus options 25 cents exerciseexpiring 13 February 2010(b) 5,000 bonus options 25 cents exerciseexpiring 13 February 2010(b) 5,000 bonus options 25 cents exerciseexpiring 13 February 2010	(a) 365,000 bonus options 25 cents exerciseexpiring 13 February 2010(b) 1,480,000 ordinary fully paid shares.(b) 375,000 bonus options 25 cents exerciseexpiring 13 February 2010(b) 5,000 bonus options 25 cents exerciseexpiring 13 February 2010(b) 5,000 bonus options 25 cents exerciseexpiring 13 February 2010
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	re of change		Off - market transfer
	2 – Change of director’s interestshe case of a company, interests which come within paragraph	in contracts(ii) of the definition of “notifiable interest of a director” should be

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
Nature of interest
Nam(if is
	e of registered holdersued securities)
Date	of change
No.whicchanNote: Dto whic	and class of securities to
	h interest related prior togeetails are only required for a contract in relationh the interest has changed
Inter	est acquired
Inter	est disposed
ValuNote: Ifan estim	e/Consideration
	consideration is non-cash, provide details andated valuation
Inter	est after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002