NIX.CN · 2023-02-24 12:00:00

Archer Exploration Announces AGM Results

Shareholder Meetings

VANCOUVER, BC, February 24, 2023 – Archer Exploration Corp. (CSE: RCHR) (the “Company” or “Archer”)

is pleased to announce the voting results from its Annual General Meeting of Shareholders (the

“Meeting”), held on February 24, 2023.

Shareholders voted in favour of all matters of business before the Meeting. Each of those matters is set

out in detail in the Management Information Circular published in connection with the Meeting, which is

available on the Company’s website www.archerexploration.com.

A total of 32,236,840 common shares, representing approximately 35.55% of the Company’s outstanding

common shares, were voted in person and by proxy at the Meeting. Shareholders voted in fa vour of (a)

reappointing De Visser Gray LLP as auditors of the Company (99.94% in favour), (b) setting the number of

directors at six (99.87% in favour), and (c) continuation of the Company’s Equity Incentive Plan (96.15% in

favour).

Election of Directors

The following nominees listed in the Management Information Circular were elected as directors of the

Company until the next annual meeting of shareholders or until the successors are elected or appointed,

with the voting results being as follows:

Nominee Votes For % For Votes Withheld % Withheld

Tom Meyer 31,939,306 99.58 134,096 0.42

David Cobbold 30,992,928 96.63 1,080,474 3.37

Christian Kargl-Simard 30,797,666 96.02 1,275,736 3.98

Michael Konnert 29,328,550 91.44 2,744,852 8.56

Marz Kord 31,995,827 99.76 77,575 0.24

Brian Penny 32,021,022 99.84 52,380 0.06

About Archer

Archer is a Ni -Cu-Co-PGE focused exploration and development company headquartered in Vancouver,

Canada. The Company’s flagship and core asset is the Grasset Project, located within the Abitibi

greenstone belt approximately 55 kilometres west -northwest of Matagami , Quebec. In addition, the

Company holds an extensive portfolio of 37 properties comprised of 30 0 square kilometres in the world-

class mining district of Sudbury, Ontario. The Company’s growth strategy is focused on the exploration

and development of its nickel sulphide properties within its portfolio, as well as other battery metal assets

it may acquire that fit its strategic criteria. Archer’s vision is to be a responsible nickel sulphide developer

in stable pro -mining jurisdictions. Archer is committed to socially responsible exploration and

development, working safely, ethically, and with integrity.

For more information, please contact:

Tom Meyer

President and Chief Executive Officer

Tel: (604) 364-2215

Neither the CSE nor its Market Regulator (as that term is defined in policies of the CSE) accepts

responsibility for the adequacy or accuracy of this release.