Archer Exploration Limited provided an update of the reverse circulation (RC) drilling program (Program) at the Hood prospect, which is part of Archer's Blue Hills Copper-gold Project, located approximately 240 km north of Adelaide, South Australia. The aim of the wider drill program involving Hood, Katniss and Hawkeye prospects is to test large areas of coincident copper-gold mineralisation targets identified from geochemical, rotary air blast (RAB) and electromagnetic (EM) surveys conducted by Archer at Blue Hills. Drill hole HDRC19-001: A highly altered sequence of Tapley Hill Formation (THFm) was intersected over the hole; alteration observed includes silicification (± carbonate) which has led to bleaching of the rocks. Potential propylitic alteration evinced by the vein styles; 0 to 29m downhole depth - highly oxidised shale with hematite veinlets was observed; Rock chip samples indicate these are typically mineralized; 29 to 60m - weathered THFm; 60 to 69m - minor zones of bleaching encountered. Most of the rock was completely; recrystalised with all sedimentary textures obliterated; 85 to 115m end of hole (EOH) - variably altered dolomite comprising chlorite±hematite veinlets. The hole was stopped due to the collapsing nature of the ground. Drill hole HDRC19-002: A weakly graphitic altered sequence of Tapley Hill Formation (THFm) was intersected at the top of the hole until alteration was encountered at 79m downhole to the end of the hole (127m); 0 to 79m downhole depth - sequence of weakly graphitic THFm was encountered. It is interpreted that the presence of graphite is due to heating of the highly carbonaceous rocks to a point where the carbon becomes graphite. Quartz (qtz)-carbonate (cb) ± hematite (he) (ex magnetite (mt)) veinlets observed throughout this interval, with the frequency increasing towards the bottom of the interval, where trace chalcopyrite (cpy) is observed; 79 to 105m - variably altered dolomite was intersected with veining comprising qtz-cb- he-cpy. The chlorite content increases towards the end of the interval. Minor breccias observed in some rock fragments; 105 to 127m (EOH) - chlorite becomes a common mineral throughout the rock, with qtz- cb-he(mt) ± cpy also observed. Drill hole HDRC19-003: A weathered sequence of Tapley Hill Formation (THFm) was intersected at the top of the hole until alteration was encountered at 48m downhole to the end of the hole (61m); 0 to 48m downhole depth - a sequence of weakly graphitic and strongly oxidised THFm was intersected, with minor qtz-cb-he veinlets encountered; 48 to 57m - variably weathered and altered dolomite intersected; 57 to 61m (EOH) - chlorite becomes a common alteration mineral throughout the rock veinlets of py-mt are observed. In addition to the results from the three Hood RC drill holes, Archer geologists have discovered albitite (a sodium rich rock) as float in the Hood area and also in situ between Hawkeye and Katniss (Image 1). The vein nature of this material could be a "high level" type of rock/mineral, which exists above the actual granite intrusion. The presence of albitite supports the intrusive model being proposed for the large-scale mineralising system at Blue Hills. Next Steps: Archer has been systematically progressing exploration at Blue Hills with the objective of discovering copper-gold mineralisation associated with intrusive system. The three holes drilled at Hood have supported the application of this mineralisation model. Further drilling and analysis will take place at Katniss and Hawkeye during February 2019. While all the observations described in this announcement are considered to be very encouraging, investors are advised that it is only when laboratory assays are received (expected within a few weeks) that the gold-copper grades will be known. Assay results from all holes drilled at Hood are expected in the next 2-3 weeks. Petrology is required to fully characterise the lithology, alteration and mineralisation seen at Hood. Potential remains for intrusive style copper gold project at this stage, although the test work may show that other styles are also possible, such as porphyry style.