Archer Exploration : Corporate Presentation - September 2023

Corporate Presentation

September 2023

A Leading Canadian Nickel

Explorer & Developer

archerexploration.com

CSE: RCHR | OTC: RCHRF | FSE: 6YR0

Disclaimer

General

This corporate presentation is intended to provide an overview of the business of Archer Exploration Corp. (the "Company" or "Archer"). It has been prepared for informational purposes only and does not purport to be complete. The information in this presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. This presentation should not be construed as legal, financial or tax advice to any individual, as each individual's circumstances are different. Readers should consult with their own professional advisors regarding their particular circumstances.

This presentation includes market and industry data which was obtained from various publicly available sources and other sources believed by the Company to be true. Although the Company believes it to be reliable, the Company has not independently verified any of the data from third-party sources referred to in this presentation or analyzed or verified the underlying reports relied upon or referred to by such sources, or ascertained the underlying assumptions relied upon by such sources. The Company does not make any representation as to the accuracy of such information.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained on this presentation. This presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities of the Company in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities of the Company described herein have not been and will not be registered under the United States federal or state securities laws and may not be offered or sold in the United States, or to, or for the account or benefit of, "U.S. Persons" as such term is defined in Regulation S under the United States Securities Act of 1933, as amended, unless an exemption from registration is available.

Qualified Person

The scientific and technical information in this presentation has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved by Jack Gauthier, VP of Exploration for Archer Exploration Corp. and a "qualified person" as defined by NI 43-101.

Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties.

For additional information regarding Archer's Grasset Project please refer to the Technical Report entitled "NI 43-101 Technical Report for the Grasset Property, Quebec, Canada" dated effective September 2, 2022, prepared by Carl Pelletier, P.Geo., available under Archer's profile on www.sedar.com.

Forward Looking Statements

This presentation contains "forward looking statements" regarding the Company within the meaning of applicable securities legislation, including statements as to future events, results and plans. Forward-looking statements are sometimes but not always identified by such words as "targeted", "can", "will", "anticipates", "projects", "expects", "intends", "likely", "plans", "should", "could" or "may" or grammatical variations thereof. These include, without limitation, statements with respect to: obtaining the required regulatory approvals and fulfilling other closing conditions related to proposed transactions; completion of proposed transactions and financings, and the terms of such transactions and financings; the Company's use of available funds; mining operations, anticipated mineral recoveries, projected quantities of future mineral production, interpretation of drill results and other technical data; anticipated development, expansion and exploration activities; viability of the Company's projects and properties; the acquisition of additional property rights; possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the strategic plans, timing, costs and expectations for the Company's future exploration on its properties; information with respect to grades from sampling results and drilling results; the accessibility of future exploration activities at the Company's properties and license areas; the composition of the board of directors and management team of Archer; the filing of a technical report supporting technical disclosure made by the Company; exploration and development of the Company's assets; completion of a share distribution by Wallbridge; the issuance of common shares of the Company to certain finders; the filing of a listing statement in respect of proposed transactions; commencement of trading of common shares of the Company; the impact of proposed transactions on the Company's business; mining operations; the business plan of Archer; projected quantities of future mineral production, interpretation of drill results and other technical data; anticipated development, expansion and exploration activities; viability of the Company's projects and properties; and the entering into of ancillary agreements in connection with proposed transactions.

These forward-looking statements reflect the Company's current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the

results of proposed exploration activities are as anticipated; the Company's operations are not disrupted or delayed by unusual geological or technical problems; the anticipated cost of planned exploration activities; the Company has the ability to explore and develop the Company's properties; general business and economic conditions will not change in a material adverse manner; financing will be available if and when needed and on reasonable terms; third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner; the Company's current corporate activities will proceed as expected; and the effects of by COVID-19 on the operations of the Company will remain consistent with the Company's expectations.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: that there is no assurance that the Company will obtain the requisite shareholder and regulatory approvals for proposed transactions; there is no assurance that proposed transactions will be completed as anticipated, or at all; there is no assurance that any proposed financings will be completed or as to the actual offering price or gross proceeds to be raised in connection with such financings; following completion of any proposed transactions, the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities; accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; the impact of COVID-19; the ongoing military conflict in Ukraine, and other risk factors set out in the Company's public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company's control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future.

To the extent any forward-looking statement in this presentation constitutes "future-oriented financial information" or "financial outlooks" within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company's actual financial position and results of operations may differ materially from management's current expectations and, as a result, the Company's revenue and expenses. The Company's financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company's accountants or auditors. The Company's financial projections represent management's estimates as of the dates indicated thereon.

CSE: RCHR | OTC: RCHRF | FSE: 6YR0 | archerexploration.com

2

Investment Highlights

Grasset is the only undeveloped nickel sulphide deposit (>50kt Ni, >1.5% NiEq) in NA not held by a major

Asset Pipeline

Grasset

100% owned, 5.5 Mt Indicated Resource1 @ 1.53% NiEq in

the Abitibi Greenstone Belt with room to grow

Sudbury

Large, strategic portfolio in the world-renowned Sudbury

Basin

Untested Potential

Grasset

Current resource was created from essentially onevery successful drill campaign in 2014-15 minimal follow up along the 23 km long ultramafic corridor

- Discovery 7km from Grasset Deposit (GUC Central) -

Jurisdiction

Mining friendly, infrastructure-rich,top-tier exploration tax incentives & strong working relationships with First Nations communities

- Ontario & Quebec -

Team

A strong and seasoned team with a diverse skillset and a track record of advancing mining assets from discovery to production

Market Tailwinds

Growing demand for clean energy technologies and electric vehicles expected to drive demand for battery metals, particularly nickel and cobalt

CSE: RCHR | OTC: RCHRF | FSE: 6YR0 | archerexploration.com	1 For additional information regarding Archer's Grasset Project please refer to the Technical Report entitled "NI 43-101 Technical Report for the Grasset Property,	3
Quebec, Canada" dated effective September 2, 2022, prepared by Carl Pelletier, P.Geo., available under Archer's profile on www.sedar.com

Asset Portfolio

Resource growth in the Abitibi and a large land package in Sudbury

Sudbury

The third-largest land package in the world's second-largest nickel district

37 properties and 300 km2 in the world-renowned

Sudbury Basin

Grasset

Cornerstone of Archer's

portfolio, located in the

Abitibi Greenstone Belt

Indicated Resource1 of

5.5 Mt @1.53% NiEq

CSE: RCHR | OTC: RCHRF | FSE: 6YR0 | archerexploration.com

1 For additional information regarding Archer's Grasset Project please refer to the Technical Report entitled "NI 43-101 Technical Report for the Grasset Property,	4
Quebec, Canada" dated effective September 2, 2022, prepared by Carl Pelletier, P.Geo., available under Archer's profile on www.sedar.com

Corporate Snapshot

Canadian Ni-Cu-Co-PGM exploration & development

Share Structure, Cash & Major Shareholders 1

	$$	exp	millions
Issued & Outstanding			90.67
Warrants	1.50	Oct-23	1.00
Warrants	0.66	May-24	0.39
Warrants	1.02	Nov-24	11.69
Stock Options	0.36	Jun-26	0.08
Stock Options	1.50	Oct-26	0.50
Stock Options	0.55	Dec-27	2.33
Stock Options	0.55	Mar-28	0.23
Stock Options	0.38	Mar-28	0.10
Stock Options	0.16	Jun-28	0.30
Stock Options	0.14	Jul-28	0.03
Restricted Share Units	-	Dec-27	0.35
Deferred Share Units	-	-	1.10
Fully Diluted			108.75
Cash (June 30, 2023)			4.86
Basic Market Cap (Aug 28, 2023)			8.61
Basic Enterprise Value			3.76
Insiders			5.3%
Advisors & Associates			4.8%
Wallbridge			19.9%
Inst/Strat/HNW			30.5%

CSE: RCHR - YTD

1) As of August 28, 2023, closing share price of $0.095	Source: tradingview.com, August 28, 2023
CSE: RCHR | OTC: RCHRF | FSE: 6YR0 | archerexploration.com	5