ARCHER MATERIALS LIMITED — Director's Dealing 2010

Feb 14, 2010

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 28 August 2009

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Alice Mc Cleary Superannuation FundRobin Lawry, child of A McClearyDuncan Lawry, child of A McCleary
Date of change	11th, 12th, and 13thFebruary 2010
No. of securities held prior to change	(a)Direct•365,000 bonus options with 25 centexercise price expiring 13 February2010 (Bonus Options)(b)Indirect•1,500,000 ordinary fully paid shares•385,000 bonus options with 25 centexercise price expiring 13 February2010 (Bonus Options)
Class	Ordinary fully paid shares
Number acquired	240,000 acquired on 11 and 12 February2010
Number disposed	750,000 Bonus Options

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$40,907 for fully paid ordinary shares
No. of securities held after change	Indirect1,740,000 ordinary fully paid shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	240,000 ordinary fully paid shares purchasedon market.750,000 Bonus options expired 13 February2010 without being exercised with no value.

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.

==> picture [408 x 312] intentionally omitted <==

----- Start of picture text ----- Detail of contract NilNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002