CRP’S PACIFIC RARE EARTHS SELENIUM PERMIT GRANTED

NEWS RELEASE 22- 29 December 21, 2022

CRP’S PACIFIC RARE EARTHS TAMBO
SELENIUM EXPLORATION PERMIT GRANTED
WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZX: “Chatham” or
the “Company") selenium prospects have taken a great step forward with the grant of exploration
area EPM 28606 in Queensland.
Exploration area EPM28606, with outcropping beds of the seleniferous Toolebuc Formation, covers
an area of 196 square kilometres in the Tambo region of Central West Queensland. The area is
accessible by local paved roads and well served by local infrastructure in the town of Blackall north of
the area.
Selenium minerals are rare, and although selenium-rich ores exist, few are mined exclusively for the
element. Most selenium is obtained as a by-product of copper ore processing. Selenium is occasionally
found in pure form. It occurs in the rare minerals clausthalite and crooksite.
The inclusion of selenium in the Queensland Government schedule of New Economy Minerals (NEM)
recognises the significance of the mineral to the State. Selenium is to be found in its inorganic state
as in the seleniferous Toolebuc Formation and in the organic state in certain plants.
The Company has an interest in both forms, both inorganic and organic since selenium has application
in new technologies as well as in fertilizers and supplements for livestock in selenium deficient areas
of Australia and New Zealand.
Pacific Rare Earths
Chatham’s wholly-owned Australian subsidiary, Avenir Makatea Pty Ltd., trading as Pacific Rare Earths,
made the application.
Pacific Rare Earths Limited (PRE) is the umbrella company for our existing rare earth elements projects
at Korella North and Korella South in Queensland, the Chatham Rise project offshore New Zealand
and the selenium projects at Tambo and Gunnerside (Hughenden).
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
Statements about the Company's future expectations and all other statements in this press release other than
historical facts are "forward looking statements". Such forward-looking statements are based on numerous
assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in
mineral exploration and development, which may cause the actual results, performance, or achievements of the
Company to be materially different from any projected future results, performance, or achievements expressed
or implied by such forward-looking statements.

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.