Chatham Announces Grant of Stock Options

Pursuant to Chatham Rock Phosphate Ltd.’s stock option plan, the company has granted incentive stock options to its directors, officers and consultants to purchase up to an aggregate of 1.69 million common shares in the capital stock of the company, exercisable for a period of five years, at a price of 29 cents per share.

About Chatham Rock Phosphate

Ltd.

Chatham Rock Phosphate is the custodian of New Zealand’s only material resource of ultralow-cadmium, environmentally friendly pastoral phosphate fertilizer.

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