Chatham resolves EPA issue

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NEWS RELEASE 17-38 December 13, 2017

Chatham resolves EPA issue


WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX:
“CRP” or the “Company") advises that it has decided to accept liability for the disputed costs with the
Environmental Protection Authority (EPA) relating to the Marine Consent application made in 2014.

Accordingly CRP has paid to the EPA the total claimed costs of CAD 708,000, substantially offset by
funds placed in a trust account pending the resolution of the dispute. In consequence, the net impact
on CRP’s operational cash flows was only CAD 254,000.

CRP will be looking to formally conclude the court proceedings shortly and looks forward to the
complete resolution of this legacy issue.

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.