Chatham successfully completes private placement

143851\4813-7590-1909


NEWS RELEASE 21-01 January 18, 2021




CHATHAM ROCK PHOSPHATE LIMITED
CLOSES PRIVATE PLACEMENT

WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and
NZX: “CRP” or the “Company") is pleased to announce, further to the Company’s news
release dated December 1, 2020, that it has closed a non-brokered private placement of
10,000,000 common shares (the “Common Shares”) at a price of CAD $0.06 (NZ$0.07) per
common share for gross proceeds of CAD $600,000 (NZ$700,000). Finders fees in the
amount of CAN$3,360 were paid in connection with the private placement.

All securities issued pursuant to the private placement are subject to a hold period and may
not be traded until May 16, 2021.

The funds raised will be used for 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.