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. End CA:00425507 For:CRP Type:GENERAL Time:2024-01-31 08:57:05