Chatham Rock Phosphate closes private placement

NEWS RELEASE 18-2 January 24, 2018




CHATHAM ROCK PHOSPHATE LIMITED
CLOSES PRIVATE PLACEMENT

WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX:
“CRP” or the “Company") is pleased to announce, further to the Company’s news release dated
December 15, 2017, that it has closed a non-brokered private placement of 972,737 units (the “Units”)
at a price of CAD$0.30 per Unit for gross proceeds of CAD$291,821. Each Unit consists of one (1)
common share in the capital of the Company and one-half of one (½) non-transferable share purchase
warrant (“Warrant”).

Each whole Warrant entitles the holder thereof to acquire one common share at a price of CAD$0.45
per share at any time prior to the date that is two years from the date of issuance. In the event that the
common shares of the Company trade on the TSX Venture Exchange at a closing price of greater than
CAD$0.60 per common share for a period of 20 consecutive trading days at any time after four
months and one day after the closing date of the private placement, the Company may accelerate the
expiry date of the Warrants by giving notice to the holders thereof by way of a news release and in
such case the Warrants will expire on the 30th day after the date of dissemination of the news release.

All securities issued pursuant to the private placement are subject to a hold period and may not be
traded until May 25, 2018.

The proceeds of this placement will be used for general working capital purposes.


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.