ARK Arras Minerals Corp

Archer Petroleum Corp (TSX VENTURE:ARK) ("Archer" or the "Company") announces
that it has arranged a private placement of a convertible note in the principal
amount of CDN$180,000 (the "Note") with an insider of the Company, Global
Resource Investment Trust, plc (the "Offering"). The Note will mature 24 months
from the date of issuance and will bear interest at 11% interest per annum, with
interest payable every six months. The Note principal may be converted into up
to 900,000 common shares of the Company (each, a "Share") at a rate of CAD$0.20
per Share. Interest payable during the first year from the issuance of the Note
may be payable, at the election of the Company, in Shares, at a conversion price
to be based on the 30 day VWAP of the Shares during the month preceding such
interest payment. In the event that the Shares have a closing price on the TSXV
(or such other exchange on which the Shares may be traded at such time) of
greater than $0.30 per Share for a period of 20 consecutive trading days at any
time after six months from the date hereof, the Company may, without prior
notice to the purchaser, deliver to the purchaser certificates representing such
part of the principal amount of the Note and accrued interest thereon as the
Company, in its sole discretion, may wish to satisfy by conversion into Shares,
at the conversion price specified. 


All securities issued in connection with the Offering will be subject to a hold
period of four-months plus one day from the date of issuance of the Note.
Completion of the Offering is subject to various conditions including receipt of
the approval of the TSX Venture Exchange. The proceeds from the convertible note
are expected to be used for working capital purposes.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


Forward-Looking Statements

Certain statements in this press release are forward-looking statements and are
prospective in nature, including statements with respect to the Company's
intended use of the proceeds of the Offering. Forward-looking statements are not
based on historical facts, but rather on current expectations and projections
about future events, and are therefore subject to risks and uncertainties which
could cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. These statements
generally can be identified by the use of forward-looking words such as "may",
"should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect",
"believe" or "continue", or the negative thereof or similar variations. Such
statements are qualified in their entirety by the inherent risks and
uncertainties surrounding future expectations. Such forward-looking statements
should therefore be construed in light of such factors, and the Company is not
under any obligation, and expressly disclaims any intention or obligation, to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise


About Archer Petroleum:

Archer is an independent energy company focused on exploration and development
in North America. Archer Shares are listed on the TSXV under the symbol "ARK"
and the DB Frankfurt exchange under "A6VA". Further information on Archer can be
found on the Company's website at www.archerpetroleum.com.


ON BEHALF OF ARCHER PETROLEUM CORP.

Colin Bowkett, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Archer Petroleum Corp.
Colin Bowkett
Director
(604) 683-7588
(604) 683-7589 (FAX)
info@archerpetroleum.com
www.archerpetroleum.com

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