ARK Arras Minerals Corp

NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED
STATES


Archer Petroleum Corp (TSX VENTURE:ARK)(OTCQX:APEUF)(DBFrankfurt:A6VA), (the
"Company"), is pleased to announce that the Company is proposing a non-brokered
private placement offering (the "Offering") of up to maximum of 2,777,778 Units
at $0.18 per Unit.


Each Unit will consist of one Flow-through Common Share (the "Flow-Through
Shares") and one-half of a transferrable Common Share Purchase Warrant. Each
whole Warrant will be exercisable for a period of eighteen (18) months at an
exercise price of $0.25 to purchase one non-Flow-through Common Share.


The Company intends to use the gross proceeds from the issue of the Flow-Through
Shares to incur Canadian Exploration Expense or Canadian Development Expense
that may be renounced as Canadian Exploration Expense under the Income Tax Act
(Canada) by December 31, 2010. In that regard, the proceeds will be used for
drilling wells on the Radway Prospect in Alberta.


All of the Offering issued is on a private placement basis to accredited
investors and other eligible purchasers in Alberta, British Columbia and Ontario
and the securities are subject to a four (4) month hold period after the closing
date. Closing of the offering is anticipated to occur on or about November 26th,
2010. The Offering is subject to regulatory approval.


About Archer Petroleum:

Archer Petroleum Corp. is an independent oil and gas company focused on
exploration and development in North America. Archer's assets include properties
in the Western Canadian Sedimentary Basin of Alberta, the Permian Basin of West
Texas, and the Bakken Shale of North Dakota. The Company's shares are listed on
the TSX Venture Exchange under the symbol "ARK" and the OTCQX under the symbol
"APEUF" and the DB Frankfurt exchange under "A6VA".


This Private Placement could be subject to finders' fees which will be paid in
accordance with the TSX Venture Exchange policies and is subject to the final
approval of the TSX Venture Exchange.


ON BEHALF OF ARCHER PETROLEUM CORP.

Claude Perrier III, Chief Executive Officer

Although Archer believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Archer can give no assurance
that they will prove to be correct. Since forward looking statements address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include, but are not
limited to, the failure to obtain necessary regulatory approvals, risks
associated with the oil and gas industry in general (e.g., operational risks in
development, exploration and production; delays or changes in plans with respect
to exploration or development projects or capital expenditures; the uncertainty
of reserve estimates; the uncertainty of estimates and projections relating to
production, costs and expenses, and health, safety and environmental risks), and
commodity price, interest rate and exchange rate fluctuations. The
forward-looking statements contained in this document are made as of the date
hereof and Archer undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

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