Ceres Global : Canadian Statement Against Forced Labor and Child Labor in Supply Chains 2025

Published: 2025-05-29 11:08:12 ET CRP.TO

Published on 05/29/2025 at 11:08

Pursuant to an Act to enact the Fighting Against Forced Labour and Child Labour in Supply Chains Act and to amend the Customs Tariff,

Referred to as Canada's "Modern Slavery Act" (the "Act") For the financial year ending June 30, 2024

This is a statement made by Ceres Global Ag Corp. to provide a report as required by the Act on behalf of the two reporting entities described below.

This statement is filed with respect to the activities of Ceres Global Ag Corp. ("Ceres Global") and Delmar Commodities Ltd. ("Delmar"). Delmar is 100% owned by Ceres Global. In this statement Ceres Global and Delmar are collectively referred to as "Ceres" or "the Company".

Ceres is a corporation incorporated pursuant to the laws of Canada and is publicly traded on the Toronto Stock Exchange (TSX: CRP.TO).

As Delmar is wholly owned by Ceres, this report is being filed jointly for Ceres and Delmar in accordance with section 11(2) of the Act.

Ceres is primarily engaged in the processing, procurement, storage, handling, trading, and merchandising of grains and oilseeds - notably wheat, oats, soybeans, and canola - through its facilities located in Saskatchewan, Manitoba, and Minnesota. The only location Ceres engages in processing is crushing soybeans at Jordan Mills. See Table 1 for the location of facilities operated by Ceres and Delmar in Canada. Additional information on the facilities in Canada, along with operations in the U.S., can be found on the Ceres website.'

Location Name

Location

Operator

Delmar Main Office

Winkler, MB

Delmar

Beausejour Facility

Beausejour, MB

Delmar

Gladstone Elevator

Gladstone, MB

Delmar

Somerset Elevator

Somerset, MB

Delmar

Westroc Elevator

Westbourne, MB

Delmar

Jordan Mills

Roland, MB

Delmar

Northgate Terminal

Northgate, SK

Ceres Global

Nicklen Siding Grain Elevator

Ridgedale, SK

Ceres Global

Table 1 - Ceres Global and Delmar Locations in Canada

Ceres also offers supply chain services, storage, and transloading facilities for non-agricultural commodities - notably hydrocarbons and fertilizers - at its location in Northgate,

' https://ceresglobalagcorp.com/locations/

Ceres Global Ag Corp. Corporate HQ 701 Xenia Ave S. Suite 400 Golden Valley, MN 55416 U.S. (952) 746-6800

Saskatchewan. Ceres does not use these products in its own supply chain. Additional information on Ceres' structure and activities can be found in the Annual Information Form provided to investors on the Ceres website.2

Ceres' operations in Canada primarily sources grains and oilseeds directly from producers operating family farms and traditional farming operations for processing, sale in Canada, or export. On rare occasion, Ceres will source grains and oilseeds from the U.S. to import into Canada. Grains and oilseeds sourced from the U.S. come from farmers, coops, or other merchandisers. Ceres does not handle grains or oilseeds that originate from outside Canada or the U.S.

Ceres will import equipment for its Canadian operations. When importing equipment, Ceres will deal with reputable companies with an established presence in the industry.

Ceres is committed to following high ethical standards in its business operations and supply chains, and to refrain from behavior that might be viewed unfavorably by the public at large. To that end, Ceres will not conduct business that is unethical. This commitment is codified in Ceres' Employee Handbook and Code of Conduct and Business Ethics (the "Handbook and Code of Conduct"). All employees are required to acknowledge the Handbook and Code of Conduct. Furthermore, all employees are made aware of a confidential hotline to report any concerns.

To address the risk of child labor in Ceres' activities, Ceres utilizes a third party to conduct a background check, identity verification, work eligibility verification, and age verification of applicants. If an applicant is under 18 or their information cannot be verified, the applicant will not be hired or allowed to work.

Additionally, to address the risk of forced or child labor in its business operations, Ceres uses a third party software to automatically check all suppliers and customers against lists of entities subject to sanctions or criminally charged. The reviewed lists include violations of labor laws. The software will flag for manual review changes to the lists.

Ceres is aware of the risk of forced labor in the agriculture sector, including criticism of the Canadian government's Seasonal Agricultural Workers Program ("SAWP"). SAWP labor is not common in the grain and oilseed sectors of agriculture, nor is it common in the traditional farming and family farming operations which are Ceres' primary Canadian suppliers. Further, Ceres does not use SAWP labor or seasonal youth labor at any of its facilities.

Further, as noted above, Ceres has policies in place to prevent the use of forced or child labor in its facilities through third party age, identity, and work eligibility verification along with a confidential hotline for employees to report any concerns.

2 https://ceresglobalagcorp.com/investor-information/

Ceres has not identified any instances of forced labor or child labor in its operations or supply chains. Consequently, no remediation measures were required for the fiscal year ended June 30, 2024 in respect to forced or child labor in Ceres' supply chains or operations.

As noted above, Ceres has not identified any forced or child labor in its operations or supply chains. Therefore, Ceres has not taken any measures to remediate loss of income to the most vulnerable families that result from measures taken to eliminate the use of forced or child labor.

Ceres does not provide specific training to employees on forced or child labor. However, all employees receive and acknowledge the Handbook and Code of Conduct outlining the expectation for the employee to conduct themselves to a high ethical standard and refrain from behavior that might be viewed unfavorably by the public at large. Employees are also made aware of the confidential hotline and are encouraged to use it for any concerns.

Additionally, all individuals in the hiring process follow established policies, which includes age, identity, and eligibility to work verification of all applicants.

Ceres does not employ a formal metric to assess the effectiveness of its policies and procedures in preventing or reducing risks of forced or child labor in Ceres' operations or supply chains.

However, Ceres actively considers business ethics and reputational risks in its decisions on business operations and supply chains. Ceres' Directors and Officers continually examine the Company's policies and procedures for effectiveness in addressing business risk, including reputational risk among the public at large.

This report has been approved by the Board of Directors of Ceres Global Ag Corp. on its own behalf and on behalf of its other reporting entities.

In accordance with the requirements of the Act, and in particular Section 11 thereof, I attest that I have reviewed the information contained in the report for the entities listed above. Based on my knowledge, and having exercised reasonable due diligence, I attest that the information in the report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

By:

Name: Thomas Coyle

Title: Director, Interim President and CEO, Ceres Global Ag Corp.

I have the authority to bind Ceres Global Ag Corp.

Date: 05 › 27 › 2025

Disclaimer

Ceres Global Ag Corp. published this content on May 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 29, 2025 at 15:07 UTC.