Chatham further extends private placement closing date

143851\4814-0771-9148


NEWS RELEASE 21-07 May 31, 2021






CHATHAM ROCK FURTHER EXTENDS PRIVATE
PLACEMENT CLOSING UP TO JUNE 17, 2021

WELLINGTON, New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZX:
“CRP” or the “Company") announces that further to its news release dated May 4, 2021, the
Company has obtained a further extension from the TSX Venture Exchange of the deadline to
complete the previously announced non-brokered private placement until June 17, 2021. The private
placement is for up to 6,000,000 units (the “Units”) at a price of CAD $0.11 per Unit (NZ$0.12) for
gross proceeds of up to CAD $660,000 (NZD $720,000). Each Unit will consist of one common
share in the capital of the Company and one transferable share purchase warrant (“Warrant”). Each
Warrant will entitle the holder thereof to acquire one common share at a price of CAD$0.45
(NZ$0.53) per share at any time prior to the date that is five (5) years from the date of issuance.
All information previously reported about the Private Placement as well as the terms and conditions
thereof remain the same.
The Company proposes to use the funds to provide updated socio-economic and environmental
reports to facilitate the grant of the Avenir Makatea mining permit and for general working capital.

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), nor New
Zealand Exchange Limited has in any way passed upon the merits of the Acquisition and associated transactions, and none
of them accepts responsibility for the adequacy or accuracy of this release.