AXG to Complete Takeover of Chatham Rock Phosphate

24 February 2017 NZX Market Announcement Following the close of market trading today, Antipodes Gold Limited (AXG) will be changing its legal name in Canada to Chatham Rock Phosphate Limited. The above name change was contemplated in the successful takeover offer for the New Zealand company (and also NZX Alternative Market listed) Chatham Rock Phosphate Limited (Old CRP). Old CRP has changed its name to Chatham Rock Phosphate (NZ) Limited to provide some distinction between the two companies as the closing mechanics of the takeover are worked through. De-Listing and Trading Suspension for Old CRP Old CRP remains listed on the NZX Alternative Market and is scheduled to be de-listed following the close of market trading on 15 March 2017. Trading in Old CRP's shares will be suspended following the close of market trading on 28 February 2017 in order to allow compulsory acquisition procedures under the New Zealand Takeovers Code to be completed in an orderly manner. AXG Trading Halt AXG will be undertaking a share consolidation and issuing shares to acceptors of the takeover following the close of market trading in New Zealand today. Trading is halted in AXG's shares in Canada until these corporate actions are completed. Consequently trading is also currently halted in AXG's shares on the NZX Alternative Market. This trading halt in Canada will be lifted at market open in Canada tonight (i.e. after market close in New Zealand today). At the request of AXG, trading in AXG's shares on the NZX Alternative Market will remain halted until the opening of market trading on 1 March 2017. Trading will recommence at that time under AXG's new name, Chatham Rock Phosphate Limited. This extended trading halt in New Zealand was sought to address any potential market confusion that might otherwise arise with AXG and CRP trading on the NZX Alternative Market with virtually identical names. Ticker Code AXG's ticker code on NZX will remain unchanged until the de-listing of Old CRP has occurred. Canada Announcement The following announcement has been released in Canada and details the above matters further. The New Zealand market should note that references to times and dates in that announcement are references to Canadian times and dates. Peter Liddle Chief Financial Officer Antipodes Gold Limited peter.liddle@antipodesgold.co.nz End CA:00297383 For:AXG Type:GENERAL Time:2017-02-24 10:12:53