Mr. Sandy Chim reports

CENTURY ANNOUNCES FILING OF FIRST QUARTER FINANCIAL RESULTS AND MANAGEMENT DISCUSSION AND ANALYSIS FOR THREE MONTHS ENDED JUNE 30, 2023

Century Global Commodities Corp. has filed its condensed consolidated interim financial statements for the first fiscal quarter ended June 30, 2023, and the related management discussion and analysis (MD&A). Copies of these documents are available under Century's SEDAR+ and will also be posted on Century's website.

As of June 30, 2023, the company had net working capital of $7.6-million, consisting of cash, bank deposits and marketable securities totalling $5.3-million, together with accounts receivables and other current assets of $4.8-million, less accounts payable and other current liabilities of $2.5-million.

About Century Global Commodities Corp.

is primarily a resource exploration and development company with a large portfolio of multibillion-tonne iron ore projects in Canada, mostly discovered by its own exploration team. It has other non-ferrous metal properties under exploration, as well as a well-established food distribution business (Century Food) in Hong Kong.

The Joyce Lake direct shipping iron ore project

Joyce Lake, its most advanced project, is an open-pit direct shipping iron ore project in Newfoundland and Labrador, close to the town of Schefferville, Que., which is serviced by a rail link directly to ocean shipping iron ore ports at Sept-Iles. The project has completed an updated feasibility study in 2022 and is undergoing environmental assessment. Joyce Lake is held in a special purpose vehicle, Joyce Direct Iron Inc. (JDI), in which Century Global owns 91.6 per cent.

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.

We seek Safe Harbor.