CRP issues shares for services provided

NEWS RELEASE 17-31 November 8, 2017






DEBT SETTLEMENT

WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX:
“CRP” or the “Company") announces that, further to the Company’s news release dated July 11,
2017, the Company has issued 347,321 common shares at deemed prices of between C$0.43 to
C$0.576 per share to settle unpaid wages and consulting fees with certain of its directors, officers and
consultants. A further 121,046 common shares at a deemed price of C$0.43 share to be issued to an
officer and a director of the Company will be issued, subject to receipt of disinterested shareholder
approval at a subsequent meeting of shareholders.

For further information please contact:

Chris Castle
President and Chief Executive Officer
Chatham Rock Phosphate Limited
64 21 55 81 85 or chris@crpl.co.nz

Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the
Exchange), or New Zealand Exchange Limited has in any way passed upon the merits of the Transaction and
associated transactions, and has neither approved nor disapproved of the contents of this press release.