Century Announces the Appointment of Mr. Dwight Ball as Vice-Chair and Director of The Board of Directors of the Company
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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN
THE UNITED STATES OR TO U.S. NEWS AGENCIES
For Immediate Release TSX: CNT
Century Announces the Appointment of Mr. Dwight Ball as Vice-Chair and Director of
The Board of Directors of the Company
Hong Kong, June 27, 2022 – Century Global Commodities Corporation (“Century” or the “ Company”)
(TSX: CNT) is pleased to announce that Mr. Dwight Ball has been appointed as Director of the Company
and will assume the role of Vice-Chair of the Board.
Mr. Ball is a Canadian politician who was the 13th Premier of Newfoundland and Labrador from December
14, 2015, to August 19, 2020, and a M ember of the House of Assembly. He represented the electoral
District of Humber-Gros Morne in the Newfoundland and Labrador House of Assembly, and was the leader
of the Liberal Party from November 17, 2013 to August 3, 2020.
Sandy Chim, President and Chief Executive Officer of Century commented:
“I am excited to have Mr. Ball joining us as the Vice-Chair and Director of the Company to help oversee
the Company through a significant stage of development of Joyce Lake and other iron ore assets in the
Labrador Trough in the provinces of Newfoundland and Labrador and Quebec.
With the stature of Mr. Ball as former Premier of Newfoundland and Labrador, he brings to the Board and
Company an important quality in enabling us to develop our projects with the highest standard of
environmental, social and governance. His experienc e and leadership in business also enhances the
strength and reputation of the Company in the mining industry.
His joining the Board of the Company is a great encouragement to us and means a lot to us in recognizing
us as a serious developer in the Canadi an iron ore space having been in the sector and region in Canada
spending over $100 million for close to 15 years.
I look forward to working with Mr. Ball closely to bring great value to our stakeholders and market in the
current cycle of global seaborne iron ore.”
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ABOUT CENTURY
Century Global Commodities Corporation (TSX:CNT) is primarily a resource exploration and development
company with a large portfolio of multi-billion tonne iron ore projects in Canada, mostly discovered by its
own exploration team. It has other non -ferrous metals properties under exploration as well as a well -
established food distribution business (Century Food) in Hong Kong.
The Joyce Lake DSO Iron Ore Project
Joyce Lake, our most advanced project, is a DSO (direct shipping ore) project in Newfoundland and
Labrador, close to the town of Schefferville, Quebec which is serviced by a rail link directly to ocean
shipping iron ore ports at Sept -Î les. The Project completed a feasibility study in 2015 which is being
updated and is undergoing environmental assessment . Joyce Lake is held in a special purpose vehicle,
Joyce Direct Iron Inc., to be spun out to be a separate listed company.
Century Food
Century Food is a subsidiary operation of the Company which started a few years ago and is a value-adding
marketing and distribution business of quality food products sourced from such regions as Europe and
Australia and sold in the Hong Kong and Macau markets.
For further information please contact:
Sandy Chim, President & CEO
Century Global Commodities Corporation
416-977-3188
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
THIS PRESS RELEASE CONTAINS “FORWARD -LOOKING INFORMATION” WITHIN THE MEANING OF CANADIAN
SECURITIES LEGISLATION. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS
THE EXPECTATIONS OF CENTURY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE
AFTER SUCH DATE. FORWARD-LOOKING INFORMATION INCLUDES INFORMATION THAT RELATES T O, AMONG OTHER
THINGS, CENTURY’S OWNERSHIP AND PLANS FOR THE SPIN -0UT, INCLUDING LISTING, FINANCING AND
DEVELOPMENT OF THE JOYCE LAKE DSO IRON ORE PROJECT, INCLUDING (I) PROJECTIONS AS TO THE TIME FRAME
FOR RECEIVING UPDATED PROVINCIAL ENVIRONMENTAL IMPACT ASSESSMENT GUIDELINES, (II) THE ADDITIONAL
WORK REQUIRE TO COMPLY WITH THESE PROVINCIAL GUIDELINES; (III) THE ABILITY OF JDI TO CONTINUE THE
FEDERAL EIS PROCESS UNDER THE CURRENT GRANDFATHER PROVISION AND TO RECEIVE ANY REQUIRED
EXTENSIONS; (IV) THE ABILI TY OF JDI TO CONCLUDE BENEFIT AGREEMENTS WITH FIRST NATIONS AND THE
GOVERNMENT OF NEWFOUNDLAND AND LABRADOR; (V) THE TIMELINE FOR COMPLETION OF THE EIS PROCESS BY
JDI; (VI) THE ABILITY OF JDI TO MEET ALL FEDERAL AND PROVISIONAL EIS REQUIREMENTS AND TO ULTI MATELY
SECURE THE REQUIRED ENVIRONMENTAL PERMITTING; AND (VI) THE ABILITY OF JDI TO LIST ITS COMMON SHARES
ON THE NEO AEQUITAS STOCK EXCHANGE, OF WHICH THERE IS NO ASSURANCE. FORWARD -LOOKING INFORMATION
IS BASED ON, AMONG OTHER THINGS, OPINIONS, ASSUMPTION S, ESTIMATES AND ANALYSES THAT, WHILE
CONSIDERED REASONABLE BY CENTURY AT THE DATE THE FORWARD -LOOKING INFORMATION IS PROVIDED, ARE
INHERENTLY SUBJECT TO SIGNIFICANT RISKS, UNCERTAINTIES, CONTINGENCIES AND OTHER FACTORS THAT MAY
CAUSE ACTUAL RESULTS AND EV ENTS TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY THE
FORWARD-LOOKING INFORMATION. THE RISKS, UNCERTAINTIES, CONTINGENCIES AND OTHER FACTORS THAT MAY
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY THE FORWARD -LOOKING
INFORMATION MAY INCLUDE, BUT ARE NOT LIMITED TO, RISKS GENERALLY ASSOCIATED WITH CENTURY’S BUSINESS,
AS DESCRIBED IN CENTURY’S ANNUAL INFORMATION FORM FOR THE YEAR ENDED MARCH 31, 202 1. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD -LOOKING I NFORMATION AND SHOULD NOT RELY UPON
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THIS INFORMATION AS OF ANY OTHER DATE. WHILE CENTURY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE
THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.