ARK Arras Minerals Corp

Archer Petroleum Corp. (TSX VENTURE:ARK)(DBFrankfurt:A6VA) ("Archer" or the
"Company") is pleased to announce that it has closed the purchase and sale
agreement (the "Acquisition Agreement") with Arrakis Oil Recovery, LLC
("Arrakis") for the acquisition by Archer of a 25% interest in the Peak Project.


The Peak Project, located in Logan county, Kentucky, totaling approximately 270
acres, is comprised of certain lands included in mining permit application
Number 071-9702 which are subject to a joint venture (the "Peak JV") between
Arrakis, Peak Concepts, LLC ("Peak") and Phoenix Metals, Inc. The Peak JV is
being carried out through MidAmerica Oil Sands, LLC. 


Pursuant to the Acquisition Agreement, Arrakis agreed to sell a 25% interest in
the Peak JV to Archer in consideration for the issuance of 500,000 common shares
of Archer (collectively, the "Archer Shares") and US$300,000 of expenditures
being incurred on the operations of the Peak JV, which expenditures shall be
incurred on a timeline to be mutually agreed upon by Arrakis and Archer,
provided that Archer shall not be required to expend more than US$50,000 in the
six months following closing of the acquisition. The membership interests in the
Peak JV are held as to 25% by Arrakis, 25% by Archer, and 50% by Peak. 


In addition, the Company is pleased to announce that it has placed its initial
order for Sandklene 950 in connection with the Peak Project and, pursuant to the
Chemical Supply Agreement dated February 21, 2013, has issued an additional
5,100,000 common shares (the "ICC Shares") to Imperial Chemical Company in
connection therewith.


The TSX Venture Exchange has approved the Acquisition Agreement and closing of
the transactions contemplated in the Acquisition Agreement. The Archer Shares
and the ICC Shares are subject to a statutory hold period expiring December 15,
2013.


None of the securities sold in connection with the Financing will be registered
under the U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be any sale of
the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful.


The Company further announces that in connection with the Gypsy Swap previously
announced in the Company's news release dated July 16th, 2013, the Company paid
an aggregate of $5,165.30 and issued 10,990 warrants (each, a "Finder's
Warrants") to Canaccord Genuity Corp, with each Finder's Warrant entitling the
holder to purchase one additional share at a price of $0.75 per share for the
first year after closing of the Financing and at a price of $1.00 per Share for
the second year after closing of the Financing.


About Archer Petroleum:

Archer Petroleum Corp. is an independent energy company focused on exploration
and development in North America. The Company's shares are listed on the TSX
Venture Exchange 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
(604) 683-7588
(604) 683-7589 (FAX)
info@archerpetroleum.com
www.archerpetroleum.com

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