Mr. Chris Castle reports

CHATHAM UPDATES ON ITS SHARE OFFER TO EXISTING SHAREHOLDERS

Further to Chatham Rock Phosphate Ltd.'s press releases of June 28, 2024, and July 23, 2024, regarding the share offering to its existing shareholders (in Canada) and the share purchase plan (in New Zealand), the company wishes to clarify that up to 200 million common shares may be issued under the aforementioned share offering, for gross proceeds of up to $16-million.

Completion of the offering is subject to receipt of the approval of the TSX Venture Exchange. All securities issued pursuant to the offering in Canada will be subject to a four-month-and-one-day hold period from the date of issuance of the shares in accordance with applicable Canadian securities laws.

We seek Safe Harbor.