ARCHER MATERIALS LIMITED — Director's Dealing 2010

Dec 23, 2010

Appendix 3Y Change of Director’s Interest Notice

157,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 Date of last notice

Peter John Meers 12 November 2010

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	Raffles Equities Limited is a wholly owned
(including registered holder)	subsidiary of Hudson Investment Group
Note: Provide details of the circumstances giving rise to the relevantinterest.	Limited (HGL) and is, after the change, theregistered holder of 6,221,249 ordinary
	fully paid shares.
	Peter Meers is a director of HGL and also a
	director of Hudson Resources Limited
	(HRS), which in turn is, after the change,
	the holder of 6,500,000 ordinary fully paid
	shares.
	Peter Meers has no relevant interest in the
	shareholding other than his directorship of
	HGL and HRS.
Date of change	22 December 2010
No. of securities held prior to change	11,890,109
Shares registered in the name of Raffles	Adjustment:168,860
Equities Limited	Adjusted:11,721,249
Class	Fully paid ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number acquired	6,500,000 ordinary shares acquired byHudson Resources Limited
Number disposed	5,500,000 sold by Raffles Equities Limited
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Off Market (5,500,000)$990,000On Market (1,000,000)$178,150Total$1,168,150
No. of securities held after change	Hudson Resources Limited- 6,500,000 ord sharesRaffles Equities-6,221,249 ord shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off – Market Trade 5,500,000On – Market Trade 1,000,000

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	Direct
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002