JP Colin Joins CRP as Strategic Consultant

News Release 19-15 8 October 2019


JEAN-PIERRE COLIN JOINS
CHATHAM ROCK PHOSPHATE AS STRATEGIC CONSULTANT

JEAN-PIERRE COLIN JOINS CHATHAM ROCK PHOSPHATE AS STRATEGY
CONSULTANT, New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP”
and NZAX: “CRP” or the “Company" or “Chatham Rock Phosphate”) is pleased to
announce that Jean-Pierre Colin has joined the team of Chatham Rock Phosphate as
Strategy Consultant to Chris Castle, CEO, and to the Board of Directors of the
Company.

Jean-Pierre Colin (“JP Colin”) brings to Chatham Rock Phosphate his 40 years of
investment banking and corporate governance knowledge as a Strategy Consultant to
numerous high-profile and publicly-listed clean technology and international mining
companies.

JP Colin serves on the Board of Directors and as Corporate Secretary, Chair of the
Audit Committee, Chair of the Compensation Committee and Chair of the Corporate
Governance Committee of dynaCERT Inc. (TSXV: DYA) a public “clean tech”
Carbon Emission Reduction Technology international company which aims to reduce
global diesel fuel consumption with its leading proprietary technology.

JP Colin also serves as a Director of Sego Exploration Inc. (TSXV: SGZ) developing
an ethical copper-gold porphyry deposit in British Columbia, Canada, and is a
Strategy Consultant to the Chairman of BlackRock Metals Inc., a feasibility-level
project in Canada of high purity iron-ore, titanium & vanadium using new modern
technology to reduce its carbon footprint.

JP Colin has previously served as a member of the Board of Directors of many very
successful junior mining companies including Pelangio Mines Inc, the original
founder of Detour Gold Mines Inc. (TSX: DGC), one of Canada’s largest gold mining
companies; Virginia Gold Inc., which sold its Eleonor Project to Goldcorp Inc. for
over $1 billion, (now Newmont Goldcorp Corporation TSX:NGT), NGT’s largest
mine in the Province of Quebec, Canada; Premier Gold Mines Limited (TSX:PG)
which owns several mines in the USA and is developing its Hardrock project in
Canada along with its partner Centerra Gold Inc. (TSX: CG) and Wolfden Resources
which sold its assets to Zinifex for ½ billion dollars in a friendly takeover.

JP Colin brings to Chatham Rock Phosphate his thirty (30) years of experience as an
international Securities Industry Executive, a mining financier and Mergers &
Acquisitions specialist, as well as his last 10 years as a Strategy Consultant to
numerous public companies, word-wide. As a high-profile Investment Banker
throughout his career, he managed several extremely successful mid-cap corporate
finance departments, including at JP Colin Securities, Deacon Capital Corporation

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and Octagon Capital Corporation, and was a senior officer managing international
corporate finance clients at Richardson Greenshields of Canada and Desjardins
Securities.

JP Colin holds an MBA from Ivey, Western University, a Civil Law Degree from the
University of Ottawa, a Certificate in Comparative Law from the University of
Manitoba, a Diploma of Collegial Studies in Engineering and Ecology from McGill
University and is a Member of the Bar of the Province of Quebec in Canada.

Mr. Colin stated, “Chatham Rock Phosphate presents a valuable lifetime opportunity
to develop one of the world’s purest sources of rock phosphate, so crucial to the
fertilizer industry for this century and so important to the maintenance of an
uncontaminated global food supply chain. I am very pleased to be working with an
experienced CEO like Chris Castle, and with my other environmentally-conscious
colleagues at Chatham Rock Phosphate. We have the chance to develop a unique
untainted source of phosphate which is a much-needed clean source of the world’s
sustainable global Phosphate supply.”

Chris Castle, CEO of the Company stated, “JP Colin brings to Chatham Rock
Phosphate the corporate governance expertise and the strategy advice that is so
important to our company at this crucial stage. His knowledge as an M&A
professional and as a seasoned mining financier, combined with his legal background,
are essential requirements that we can greatly appreciate in our progress going
forward as an innovator in the mining of Rock Phosphate. I look forward to working
side-by-side with JP Colin in making our Company a huge success in the years to
come.”


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 traded phosphate reserves,
with 85% of the total in 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.

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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
✓ 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 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.