Exercise of CRPOA Options and Allotment of Ordinary Shares

15 April 2011

Chatham Rock Phosphate has approximately 16  million $0.10 options on issue which expire on 30 June 2011 and are  quoted on the NZAX market under the code CRPOA.

As previously  advised to the market, Chatham Rock Phosphate is encouraging the early  exercise of these options to enable it to continue the work programme on  Mineral Prospecting License 50270 prior to undertaking a proposed  initial public offering in Canada.

Exercise forms have been  received for 854,000 options for which ordinary shares have today been  allotted. This has raised $85,400 in total and full details are set out  below.

On behalf of the Board,

Chris Castle
Managing Director
Email: chris@widespread.co.nz
Phone: 021 55 81 85

Class of security: Ordinary Shares
ISIN: NZWENE0003S0
Number issued: 854,000
Exercise price: $0.10 per share
Payment in cash: Yes
Fully paid: Yes
Percentage of class: 2.47%
Reason for the issue: Under the terms of issue of the options they may  be exercised to receive ordinary shares on a 1:1 basis at any time prior  to 30 June 2011 through the return of a completed exercise form and  payment of the $0.10 exercise price.
Authority for the issue: NZAX Listing Rule 7.3.11(b)(i)
Date of issue: 15 April 2011
Total number of securities on issue following allotments: 35,380,660 ordinary shares, 15,226,276 listed options

Download CRPOA Options and Allotment of Ordinary Shares PDF