GENERAL: CRP: CRP Amends Option Plan 09:59a.m. 
08/11/2019 09:59  
REL: 0959 HRS Chatham Rock Phosphate Limited  
GENERAL: CRP: CRP Amends Option Plan  
NEWS RELEASE 19-17 November 7, 2019  
WELLINGTON New Zealand - Chatham Rock Phosphate Limited (TSXV: "NZP" and  
NZAX: "CRP", "Chatham" or the "Company") wishes to advise that its Board of  
Directors has approved an amendment to the Company's Stock Option Plan which  
allows stock options to be granted with a term of up to ten years, as  
permitted by TSX Venture Exchange policies.  
Prior to the amendment of the Stock Option Plan, the Company was restricted  
to granting options with a maximum term of five years. The Stock Option Plan  
amendment is subject to ratification by shareholders at the 2020 Annual  
General Meeting. Although the Company may grant options with terms of up to  
ten years prior to shareholder ratification, in the event shareholders do not  
ratify the amendment, any such options will be deemed to have been amended to  
reduce the term to five years from the date of grant.  
Chris Castle, President and CEO or +64 21 55 81 85  
Skype: phosphateking  
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.  
End CA:00344024 For:CRP Type:GENERAL Time:2019-11-08 09:59:50  

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