Archer Petroleum Closes Purchase and Sale Agreement on Matagorda Bay Project in the Gulf of Mexico

Vancouver, British Columbia, Canada, March 09, 2011 --(PR.com)-- Archer Petroleum Corp (TSX.V: ARK, OTCQX: APEUF), (the “Company”), is pleased to announce that it has entered into a definitive Participation Agreement with Arbol Energy (“Arbol”), a private Houston based oil and gas company, governing Arbol’s Matagorda Bay, Texas Prospect.

Further to the announcement of December 7, 2010 (“Archer Petroleum Enters in Memorandum of Agreement to Acquire Texas Prospect”), the Participation Agreement provides Archer with a 23% Working Interest (23% Working Interest Before Payout, 17.25% Working Interest After Payout) in the 1280 acres covering Texas State Blocks 127, the south half of Block 150 and the north half of Block 151, and includes 3 existing well bores, an existing 7 mile pipeline to shore and an onshore oil/gas handling facility.

Under the terms of the Participation Agreement, Archer will pay 23% of lease acquisition, geological and geophysical costs ($650,000 gross, or $150,000 net) and 23% of any costs associated with re-completion of the existing well bores.

A key component of this acquisition is the existence of a fully drilled, cored, logged, cased and shut-in well bore (the 127-1 well) in Block 127. The 127-1 well has multiple pay zones indicated on logs and cores and is expected to be initially completed in the Bol Mex (8560 - 8710' depth) section of the Lower Frio. Internal analysis of the logs and cores of the Bol Mex zone indicate approximately 115 feet of expected oil pay. The reservoir is estimated to cover a minimum of 350 acres with potential up to 750 acres.

Completion planning has already begun with Operating Partner South Bay Resources, and on-site operations are expected to commence within the next 2 months.

Costs associated with the re-entry, perforation and testing of the 127-1 well are expected to be approximately $1,200,000 (approximately $276,000 net to Archer).

Internal analysis indicates an additional 200 plus feet of apparent net pay are evident in the logs and cores, and upon successful completion of the Bol Mex interval the company will target these additional zones for future completions.

Claude Perrier, CEO states, “This new asset package fits well in Archer’s strategic plan of low cost, low risk, quick revenue generation assets. Archer expects to be able to move from deal origination to on-line operations in less than 4 months.”

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”. Further information on Archer can be found on the company's website at www.archerpetroleum.com.

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.

On Behalf Of Archer Petroleum Corp.

“Colin Bowkett”

President

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