Archer Exploration Grants Equity Incentive Awards

Archer Exploration Grants Equity Incentive Awards

VANCOUVER, BC, December 13, 2022 – Archer Exploration Corp. (CSE: RCHR) (the “ Company” or

“Archer”) announces today that it has granted an aggregate of 2,325,000 incentive stock options (the

“Options”) to certain directors, officers, employees, and consultants of the Company. The Options have

an exercise price of $0.55 per share, are exercisable for a period of five -years from the date of the grant

and will vest in three equal annual instalments commencing on the grant date.

In addition, the Board of Directors authorized the grant of an aggregate 350,000 restricted shar e units

(the “RSUs”) to certain officers, employees, and consultants of the Company and 1,100,000 deferred share

units (the “ DSUs”) to certain directors of the Company. The RSUs will vest in three equal annual

instalments commencing on the first anniversa ry of the grant date and the DSUs will not vest until such

time as the recipient Director ceases to be a Director of the Company , provided that no DSUs will vest

within 12 months of the grant date.

The Options, RSUs, and DSUs were granted in accordance wit h the Company’s omnibus equity incentive

plan, which was approved by the shareholders of the Company at the special meeting of the shareholders

held on October 12, 2022.

About Archer

Archer is a Ni -Cu-Co-PGE focused exploration and development company hea dquartered 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 309 square kilometres in the world -

class mining district of Sudbury. 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 m etal 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.

Archer is backed by Inventa Capital Corp., a Vancouver -based merchant bank founded in 2017 with the

goal of discovering and funding opportunities in the resource sector. The common shares of Archer are

listed on the CSE (symbol RC HR). Additional information about the Company is available on SEDAR

(www.sedar.com) and on the Company’s website (www.archerexploration.com).

For more information, please contact:

Tom Meyer

President and Chief Executive Officer

Tel: (604) 364-2215

Email: [email protected]

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Cautionary Note Regarding Forward-Looking Statements

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.

The information contained herein contains “forward-looking statements ” within the meaning of

applicable securities legislation. “Forward-looking information” includes, but is not limited to, statements

with respect to the activities, events or developments that Archer expects or anticipates will or may occur

in the future. Generally, but not always, forward-looking information and statements can be identified by

the use of words such as “plans”, “expects”, “is expected ”, “budget”, “scheduled”, “estimates”,

“forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of

such words and phrases or state ments that certain actions, events or results “may”, “could”, “would”,

“might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among

others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned

exploration activities, that general business and economic conditions will not change in a material adverse

manner, that financing will be available if and when needed and on reasonable terms, that third party

contractors, equipment and supplies and governmental and other approvals required to conduct Archer’s

planned exploration activities will be available on reasonable terms and in a timely manner. Although the

assumptions made by Archer in providing forward -looking information or making forward -looking

statements are considered reasonable by management at the time, there can be no assurance that such

assumptions will prove to be accurate.

By their nature, forward -looking statements involve known and unknown risks, uncertainties and other

factors which may cause our actual results, performance or achievements, or other future events, to be

materially different from any future results, performance or achievements expressed or implied by such

forward-looking statements. Such factors and r isks include, among others: risks associated with the

conduct of the Company's mining activities; regulatory, consent or permitting delays; risks relating to

reliance on the Company's management team and outside contractors; risks relating to project finan cing

and equity issuances; risks and unknowns inherent in all mining projects; laws and regulations governing

the environment, health and safety; the ability of the communities in which the Company operates to

manage and cope with the implications of COVID -19; the economic and financial implications of COVID -

19 to the Company; operating or technical difficulties in connection with mining or development activities;

employee relations, labour unrest or unavailability; the Company's interactions with surroundi ng

communities; the Company's ability to successfully integrate acquired assets; the speculative nature of

exploration and development; stock market volatility; conflicts of interest among certain directors and

officers; lack of liquidity for shareholders of the Company; litigation risk; the ongoing military conflict in

Ukraine; general economic factors (including inflationary pressure); the price of commodities; and the

factors identified under the caption "Risk Factors" in the Company’s public disclosure documents.

The forward-looking information contained in this news release represents the expectations of Archer as

of the date of this news release and, accordingly, is subject to change after such date. Readers should not

place undue importance on forward-looking information and should not rely upon this information as of

any other date. Archer does not undertake any obligation to update these forward-looking statements in

the event that management’s beliefs, estimates or opinions, or other factors, should change.