Sherritt Announces Quarterly Dividend

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Sherritt Announces Quarterly Dividend

TORONTO, September 15, 2010 – Sherritt International Corporation (“Sherritt”) (TSX:S)

announced today that its Board of Directors has approved a quarterly dividend, with respect to the third quarter of 2010, of $0.036 per common share, payable October 14, 2010 to shareholders of record as of the close of business on September 30, 2010. This regular dividend is an "eligible dividend" as defined in the Income Tax Act (Canada).

About Sherritt

Sherritt is a diversified natural resource company that produces nickel, cobalt, thermal coal, oil, gas and electricity. It also licenses its proprietary technologies to other metals companies. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”

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For further information, please contact:

Investor Relations Telephone: 416-935-2451 Toll-Free: 1-800-704-6698 Email: [email protected] www.sherritt.com