CRP 24 Month Government Report Card

NEWS RELEASE 19-16 November 6, 2019

Chatham Rock Phosphate Thanks Our New Zealand Government - a 24-month Report
Card

WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and
NZAX: “CRP”, “Chatham” or the “Company") wishes to advise that two years after first
communicating with the incoming government of New Zealand it is very imperative and
timely for the Company to reiterate the messages it has sent directly to key Ministers during
this period.

The Company continues to send public communications because the benefits of the
Company’s reliable environmentally-friendly project include a well-documented and
established range of environmental and health related benefits as well as providing an
obvious boost to the New Zealand economy.

Our economically-beneficial product, Chatham rock phosphate, is already located here in
New Zealand and doesn’t have to be imported from the other side of the world. Its ownership
is also undisputed, unlike the rock phosphate being imported from the Western Sahara. In
addition, our permit area contains significant by-products including rare earths and other
green minerals that are very important to our economy as well as the rest of the world.

The area that our Company proposes to develop during our mine life (i.e. less than 500
square kilometers in total or < 30 square kilometers per year) represents less than a quarter of
one percent (< 0.25%) of the Chatham Rise, a tiny area compared with the 19,000 square
kilometers of the Rise bottom trawled annually in the area by the fishing industry with few
identified ill-effects, if any; the impacts on the seafloor are broadly the same from an
environmental perspective.

Chatham is a genuinely good news story which is why it’s worth repeating these messages
below again. And, it’s also why we will continue to request progressive meetings with our
key ministers in order to communicate these messages in person. We thank all our
government officials for their interest and support of Chatham Rock Phosphate.

This project deserves to be supported by any government, in any country, and particularly so
by the Labour/Green/NZ First coalition we have in New Zealand.

In summary it ticks all the relevant boxes that every concerned government would appraise:
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 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 port charges,
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.

We appreciate the interests and support of the New Zealand government ministers and high
ranking officials that have continually granted our requests to meet and brief them including
the key Ministers of this government in order to gain the support that this project so richly
merits. It’s good for the environment, good for the economy, good for New Zealand and
good for the world.


Regards

Chris Castle, President and CEO
chris@crpl.co.nz or +64 21 55 81 85
Skype: phosphateking

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.