Chatham Rock Phosphate Private Placement Closes

NEWS RELEASE 24-01 January 26, 2024 CHATHAM ROCK PHOSPHATE LIMITED PRIVATE PLACEMENT CLOSES 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 November 16, 2023, that it has closed its non-brokered private placement of 4,623,155 units (the "Units") at a price of CAD 0.07 (NZD 0.086 and AUD 0.08) per Unit for gross proceeds of CAD 323,621 (NZD 397,591 or AUD 369,852). Given the ongoing very difficult market conditions in the junior resource equities markets this was an excellent outcome. Each Unit consists of one (1) common share in the capital of the Company and one (1) transferable share purchase warrant ("Warrant"). Each Warrant entitles the holder thereof to acquire one common share at a price of CAD 0.45 (NZD 0.52) per share at any time prior to January 26, 2027. In the event that the common shares of the Company trade on the TSX Venture Exchange at a closing price of greater than CAD 0.60 (NZD 0.69) per common share for a period of 20 consecutive trading days at any time after four months and one day after the closing date of the private placement, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof by way of a news release and in such case the Warrants will expire on the 30th day after the date of dissemination of the news release. All securities issued pursuant to the private placement are subject to a hold period and may not be traded until May 27, 2024. Use of Funds The funds raised will be used for the following purposes: o Fast tracking the mine development at Korella North in Queensland; o Completion of the permitting process for the Avenir Makatea onshore phosphate project in French Polynesia; and o 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 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. NEWS RELEASE 24-02 January 26, 2024 CHATHAM ROCK PHOSPHATE LIMITED PRIVATE PLACEMENT CLOSES WELLINGTON New Zealand - Chatham Rock Phosphate Limited (TSXV: "NZP" and NZX: "CRP" or the "Company") further to the Company's news release dated January 26, 2024 announcing the closing of its non-brokered private placement of 4,623,155 units (the "Units") at a price of CAD 0.07 per Unit, four of the subscribers were insiders of the Company for aggregate subscriptions of 1,609,619 Units, or a total of CAD 112,673 in gross proceeds. The subscriptions by the insiders of the Issuer are related party transactions for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but the Issuer is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the subscriptions, insofar as it involves the insiders of the Issuer, does not exceed 25% of the market capitalization of the Issuer, as determined in accordance with MI 61-101. 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. NEWS RELEASE 24-03 January 26, 2024 CHATHAM ROCK PHOSPHATE LIMITED CORRECTION WELLINGTON New Zealand - Chatham Rock Phosphate Limited (TSXV: "NZP" and NZX: "CRP" or the "Company") wishes to issue a correction to the Company's news release dated January 26, 2024, which disclosed the participation of its insiders in the Company's non-brokered private placement. The press release should have read that there were five (5) insiders who participated in the offering. The previously announced aggregate Units purchased by such insiders and their gross proceeds were correctly stated. 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. End CA:00425380 For:CRP Type:OFFER Time:2024-01-29 08:30:18