Century Global Commodities Corporation Condensed Consolidated Interim Financial Statements (Unaudited) September 30, 2016 (Expressed in Canadian Dollars) NOTICE OF NO AUDITOR REVIEW OF CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS The accompanying condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of the Company’s management. An interim review has not been carried out by the Company’s independent auditor. Century Global Commodities Corporation Condensed Consolidated Interim Statement of Financial Position (Unaudited) As of September 30, 2016 (Expressed in Canadian Dollars, unless otherwise stated) September 30, March 31, 2016 2016 Notes $ $ Assets Current assets Cash and cash equivalents 5,265,601 14,668,097 Short term bank deposits 16,175,586 10,103,303 Marketable securities 553,802 - Accounts receivable 16 9,979,149 9,813,385 Sales taxes and other taxes recoverable 95,422 241,928 Prepaid and other assets 1,189,346 977,878 Total current assets excluding assets classified as held for sale 33,258,906 35,804,591 Assets classified as held for sale 6 - 155,745 33,258,906 35,960,336 Non-current assets Property, plant and equipment 8 298,974 395,995 Investment in a joint venture 9 7,976,299 8,062,026 8,275,273 8,458,021 41,534,179 44,418,357 Liabilities Current liabilities Accounts payable and accrued liabilities 703,964 815,339 Shareholders’ Equity Share capital 10 117,220,159 117,220,159 Contributed surplus 2,758,368 2,758,368 Deficit (92,692,180) (89,499,104) Other components of equity 13,543,868 13,123,595 40,830,215 43,603,018 41,534,179 44,418,357 Subsequent event (Note 19) Approved by the Board of Directors /s/ “Sandy Chim” Director /s/ “Kit Ying (Karen) Lee” Director Date: November 9, 2016 Date: November 9, 2016 The accompanying notes are an integral part of the condensed consolidated interim financial statements. 1 Century Global Commodities Corporation Condensed Consolidated Interim Statement of Comprehensive Loss (Unaudited) For the three and six months ended September 30, 2016 (Expressed in Canadian Dollars, unless otherwise stated) Three months ended Six months ended September 30, September 30, 2016 2015 2016 2015 Notes $ $ $ $ Expenses Administrative expenses 13 1,706,452 2,102,678 3,263,734 3,606,260 Share-based compensation expenses 11 161,101 227,465 297,129 470,889 Share of loss of a joint venture 9 41,625 72,636 85,727 166,897 Loss (Gain) on foreign exchange 36,166 (601,179) 105,711 (490,299) Other income 14 (141,560) (121,077) (159,270) (243,462) Gain from sale of assets classified as held for sale 6 - - (399,955) - Net loss for the period (1,803,784) (1,680,523) (3,193,076) (3,510,285) Other comprehensive income (loss) Exchange gain (loss) on translation of operations in other currencies 47,685 (558,332) 137,192 (458,843) Change in fair value of marketable securities (71,602) - (14,048) - Total comprehensive loss for the period (1,827,701) (2,238,855) (3,069,932) (3,969,128) Net loss per share – basic and diluted 15 (0.02) (0.02) (0.03) (0.04) Weighted average number of shares outstanding 98,793,571 98,794,571 98,793,571 98,794,571 The accompanying notes are an integral part of the condensed consolidated interim financial statements. 2 Century Global Commodities Corporation Condensed Consolidated Interim Statement of Changes in Equity (Unaudited) For the six months ended September 30, 2016 (Expressed in Canadian Dollars, unless otherwise stated) Other components of equity Foreign Share-based currency Share Contributed compensation translation Marketable capital surplus Deficit reserve reserve Warrants securities Total $ $ $ $ $ $ $ $ Balance - March 31, 2016 117,220,159 2,758,368 (89,499,104) 14,633,900 (1,530,305) 20,000 - 43,603,018 Net loss for the period - - (3,193,076) - - - - (3,193,076) Other comprehensive income for the period - - - - 137,192 - (14,048) 123,144 Total comprehensive loss for the period - - (3,193,076) - 137,192 - (14,048) (3,069,932) Equity-settled share- based compensation arrangements (note 11) - - - 297,129 - - - 297,129 Balance – September 30, 2016 117,220,159 2,758,368 (92,692,180) 14,931,029 (1,393,113) 20,000 (14,048) 40,830,215 Balance - March 31, 2015 117,220,571 2,758,368 (7,979,308) 13,744,373 (1,374,568) 20,000 - 124,389,436 Net loss for the period - - (3,510,285) - - - - (3,510,285) Other comprehensive loss for the period - - - - (458,843) - - (458,843) Total comprehensive loss for the period - - (3,510,285) - (458,843) - - (3,969,128) Equity-settled share- based compensation arrangements (note 11) - - - 470,889 - - - 470,889 Balance – September 30, 2015 117,220,571 2,758,368 (11,489,593) 14,215,262 (1,833,411) 20,000 - 120,891,197 The accompanying notes are an integral part of the condensed consolidated interim financial statements. 3 Century Global Commodities Corporation Condensed Consolidated Interim Statement of Cash Flows (Unaudited) For the three and six months ended September 30, 2016 (Expressed in Canadian Dollars, unless otherwise stated) Three months ended Six months ended September 30, September 30, 2016 2015 2016 2015 Cash generated by (used in) Notes $ $ $ $ Operating activities Net loss for the period (1,803,784) (1,680,523) (3,193,076) (3,510,285) Adjustments for Bank interest income accrued (94,981) (69,233) (124,164) (145,756) Depreciation 8 85,902 20,602 176,463 40,927 Gain from sale of assets classified as held for sale 6 - - (399,955) - Loss (Gain) on foreign exchange 36,166 (601,179) 105,711 (490,299) Share-based compensation arrangements 11 161,101 227,465 297,129 470,889 Share of loss of a joint venture 9 41,625 72,636 85,727 166,897 Others (36,769) 10,065 21,580 10,065 Changes in working capital items Increase in accounts receivable (287,343) (116,780) (240,904) (152,409) Decrease in sales taxes recoverable 66,517 308,430 127,831 252,403 Increase in prepaid and other assets (269,522) (18,067) (211,468) (40,699) Decrease in accounts payable and accrued liabilities (72,389) (75,466) (111,375) (1,070,949) Net cash used in operating activities (2,173,477) (1,922,050) (3,466,501) (4,469,216) Investing activities Bank interest received 170,190 36,093 199,305 113,350 Short term bank deposits matured (invested) (7,560,003) 3,382,622 (6,072,284) (13,372,391) Marketable securities purchased (196,081) - (772,462) - Proceeds from sale of marketable securities 266,449 - 266,449 - Exploration and evaluation assets - (14,130) - (26,951) Investment in a joint venture - (31,773) - (66,799) Investment tax credit refunds received - 421,846 19,801 609,372 Net change in property, plant and equipment 8 (5,965) 31,280 (81,299) 25,451 Net proceeds from sale of assets classified as held for sale 6 - - 555,700 - Net cash (used in) generated by investing activities (7,325,410) 3,825,938 (5,884,790) (12,717,968) Net change in cash and cash equivalents (9,498,887) 1,903,888 (9,351,291) (17,187,184) Cash and cash equivalents - Beginning of period 14,780,965 9,549,246 14,668,097 28,651,312 Effect of foreign exchange rate changes, net (16,477) 41,537 (51,205) 30,543 Cash and cash equivalents - End of period 5,265,601 11,494,671 5,265,601 11,494,671 Cash in bank and on hand 5,265,601 11,494,671 5,265,601 11,494,671 Short term bank deposits - maturing three months or less - - - - Cash and cash equivalents - End of period 5,265,601 11,494,671 5,265,601 11,494,671 The accompanying notes are an integral part of the condensed consolidated interim financial statements. 4 Century Global Commodities Corporation Notes to the Condensed Consolidated Interim Financial Statements (Unaudited) September 30, 2016 (Expressed in Canadian Dollars, unless otherwise stated) 1. Nature of operations Century Global Commodities Corporation (the “Company”) was incorporated under the Canada Business Corporations Act on July 10, 2007. The Company is an exploration and mining company with assets in the Provinces of Newfoundland and Labrador, and Québec, Canada. The Company’s registered address is PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. On September 19, 2011, the Company graduated from the TSX Venture Exchange to the Toronto Stock Exchange (the “TSX”) and the shares of the Company commenced trading on TSX under the symbol “FER”. The Company was originally incorporated and domiciled in Canada. On October 17, 2014, the Company completed the continuation of the Company’s jurisdiction of incorporation from Canada federal registration to provincial registration in British Columbia. On September 29, 2015, the Company’s shareholders approved a special resolution at the Annual General and Special Meeting of the shareholders authorizing the change of the Company’s name from “Century Iron Mines Corporation” to “Century Global Commodities Corporation” (“Name Change”) and the continuation of the Company’s jurisdiction of incorporation from British Columbia to the Cayman Islands (“Continuation”). The Name Change was completed on November 16, 2015, with the shares of the Company trading on the TSX under the new symbol “CNT” beginning on November 18, 2015. The Continuation was completed on February 1, 2016. These condensed consolidated interim financial statements were approved by the Board of Directors for issue on November 9, 2016. 2. Basis of preparation The condensed consolidated interim financial statements of the Company and its subsidiaries (the “Group”) have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) applicable to the preparation of interim financial statements, including IAS 34, Interim Financial Reporting.