CRP Reports on results of 2019 AGM

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NEWS RELEASE 19-12 July 22, 2019



CHATHAM ROCK PHOSPHATE REPORTS ON RESULTS OF 2019 AGM

WELLINGTON, New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP”
or the “Company") is pleased to report the results of the 2019 Annual General Meeting of
Shareholders held on Thursday, July 18, 2019. All matters presented and recommended by
management were ratified by the shareholders.

The business of the meeting included the re-election of Chris Castle, Robert Goodden, Linda
Sanders, Jill Hatchwell, and Ryan Wong as directors. KPMG International, LLP, Chartered
Accountants were re-appointed as auditors of the Company.

About Chatham Rock Phosphate

Chatham Rock Phosphate is the custodian of New Zealand’s only material resource of ultra-low
cadmium, environmentally friendly pastoral phosphate fertiliser.

The resource represents one of New Zealand’s most valuable mineral assets and is of huge
strategic significance because phosphate is essential to maintain New Zealand’s high agricultural
productivity.

New Zealand’s current access to phosphate is vulnerable to economic and political events in the
six countries controlling 98% of the world’s phosphate reserves, with 85% of the total Morocco
and neighbouring state the Western Sahara.

Chatham takes very seriously the responsibility vested in it through its granted mining permit to
use the world’s best knowledge and technology to safely extract this resource to help
sustainably feed the world.

Our initial environmental consenting process independently established extraction would have
no significant impact on fishing yields or profitability, marine mammals or seabirds.

Our project ticks all the boxes: environmental, health, ethical, security of supply, economic,
regional development, rare earths and other green minerals

✓ Our rock is a proven reactive phosphate rock. Using it results in much less run-off into
waterways and an improved soil profile compared with the effects of manufactured
fertilisers.
✓ It’s an organic fertiliser with no additives and with the only processing being grinding and
possible pelletisation

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✓ It contains ultra-low levels of cadmium, a cancer-causing heavy metal with much greater
concentrations in other rock phosphate deposits
✓ Being locally sourced and needing to be applied less frequently results in much lower carbon
emissions (in effect increasing the present NZ electric vehicle fleet from 10,000 to 29,000
vehicles)
✓ It is New Zealand’s only significant source of phosphate and seabed extraction involves a far
smaller environmental impact than that imposed on local overseas communities which mine
phosphate
✓ The rock is located within one day’s sailing distance and supply is far more secure (and more
ethical) than phosphate rock imported from unstable regions on the other side of the world
✓ The project economics are attractive and Chatham will pay significant royalties and income
taxes
✓ The project will generate new jobs in environmental monitoring, on the mining ship, in the
home port and in the science and agricultural sectors
✓ Chatham rock phosphate has been independently shown to be as effective as other
phosphate fertilisers used in New Zealand. We could provide the two fertiliser co-ops
supplying most of New Zealand’s fertiliser with a green fertiliser alternative to naturally
complement their other products.

For more information contact Chris Castle on 021 558 185 or chris@widespread.co.nz or
check out www.rockphosphate.co.nz

Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the
Exchange), or NZX 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.