CHATHAM ATTRACTS EXTERNAL INVESTORS INTO SELENIUM PROJECT

NEWS RELEASE 24-04 January 30, 2024

CHATHAM ATTRACTS EXTERNAL INVESTORS INTO SELENIUM PROJECT

WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZX: “CRP”
or the “Company") wishes to advise that in order to progress our selenium project a new
Australian subsidiary company, Organoselenium Pty Ltd., has been established.

The tenements Gunnerside EPM28676 and Tambo EPM 28606, that form the basis of the
project, will be transferred from CRP’s Australian subsidiary Avenir Makatea Pty Ltd. into the
new company.

Organoselenium Pty Ltd. has attracted four new investors who recognise the value of
selenium.

Selenium’s addition to the Australian list of Critical Minerals assists the new company’s
prospects.

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
New Zealand Exchange Limited has in any way passed upon the merits of the above descried transaction, and has
neither approved nor disapproved of the contents of this press release.