Century Global Commodities Corporation
TSX : CNT

Century Global Commodities Corporation

November 30, 2015 13:00 ET

Century Announces the Passing of its Director, Maurice Strong

TORONTO, ONTARIO--(Marketwired - Nov. 30, 2015) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION THE UNITED STATES OR TO U.S. NEWS AGENCIES

It is with great regret that Century Global Commodities Corporation (TSX:CNT) announces the death of Maurice Strong, who had served as an independent director on the Company's board since 2011, and chaired its Corporate Social Responsibility Committee.

Testimonies to Mr. Strong's contributions have come from around the world since yesterday.

The executive director of the United Nations Environment Program (UNEP), Achim Steiner, said in a statement Saturday: "Strong will forever be remembered for placing the environment on the international agenda and at the heart of development."

Mr. Strong, the first UNEP chief, organized the Rio Earth Summit in 1992, which led to the launch of the UN Framework Convention on Climate Change and ultimately to the current Conference of the Parties (COP21) in Paris this week.

Christiana Figueres, the current head of the UN climate agency, tweeted Saturday that "we thank Maurice Strong for his visionary impetus to our understanding of sustainability. We will miss you."

Prime Minister Justin Trudeau, who is in Paris for the climate talks, said Strong will be remembered as a pioneer of sustainable development: "Mr. Strong was an internationally recognized environmentalist and philanthropist who used his remarkable business acumen, organizational skills and humanity to make the world a better place," said Trudeau in a statement.

"We always knew that Maurice was a major figure on the global scene," said Sandy Chim, Chairman and CEO of Century. "But today we have also lost an important colleague and a great friend, whose wise counsel has helped guide our destiny for the last few years. We will miss him dearly, and we wish strength to his wife Hanne and his family."

About Century

Century is an exploration and development company with significant properties in the prolific Labrador Trough in Québec, Newfoundland and Labrador, as well as the James Bay area of Québec. Century has two key strategic partners, WISCO and Minmetals, both Chinese state-owned enterprises. Each provides financial resources and technical expertise to assist the Company in advancing its projects. Century's most advanced project is the Joyce Lake DSO project, a joint venture with WISCO located close to Schefferville, Québec. Century owns 60% in the joint venture and WISCO owns 40%. It is planned as a 2.5 million tonne per annum direct shipping iron ore project. A feasibility study was completed in March 2015. After discovery and identification of multi-billion iron resources in the past few years, the Company evolves into a diversified strategic direction. In addition to the iron ore development, Century is committed to exploring and evaluating global opportunities outside of the iron ore market, such as the non-ferrous sector and the food industry, to create shareholder value through the efficient allocation of capital resources. Century's website is www.centuryglobal.ca.

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 TO, AMONG OTHER THINGS, CENTURY'S INTENTION TO EVALUATE PROSPECTIVE TRANSACTIONS ARISING FROM THE REVIEW BY CENTURY OF ITS STRATEGIC OPTIONS AND ITS AVAILABLE WORKING CAPITAL. FORWARD-LOOKING INFORMATION IS BASED ON, AMONG OTHER THINGS, OPINIONS, ASSUMPTIONS, 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 EVENTS 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, 2015. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON 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.

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