Chatham closes SPP private placement

NEWS RELEASE 18-19 August 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
July 25, 2018, that it has closed its Share Purchase Plan offer and has issued 763,561 units (the
“Units”) at a price of CAD$0.25 per Unit for gross proceeds of CAD$190,890. 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 June 20, 2020. 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 December 25, 2018.

Chris Castle, president and CEO said “this outcome, well supported in New Zealand, was within our
range of expectations given that it’s the latest in a series of offers aimed at meeting the expectations of
our smaller shareholders. These funds will enable us to continue the reapplication process for the
Marine Consent (environmental permit). As already advised the first stage in the process is a scoping
review which is expected to be completed by November 2018”.


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.