Sherritt Announces Voting Results of its 2023 Annual Meeting of Shareholders

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt Announces Voting Results of its 2023 Annual Meeting of

Shareholders

TORONTO, May 11, 2023 – Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S)

today announced voting results of its 2023 Annual Meeting of Shareholders held May 11, 2023.

A total of 116,629,964 common shares or 29.36% of Sherritt’s issued and outstanding common shares

were represented virtually or by proxy at the meeting. Shareholders voted in favo ur of all items of

business put forth at the meeting, including the re -appointment of Deloitte LLP as external auditors

and the non-binding advisory resolution known as “Say on Pay.”

Election of Directors

Each of the seven director nominees listed in the management information circular for the 202 3

Shareholders’ meeting were individually elected as directors of Sherritt to serve until the next annual

general meeting of the company or until his or her successor is elected or appointed:

Nominee

Total Votes

For % for

Total Votes

Against

% Against

Maryse Bélanger 106,566,920 95.37% 5,169,308 4.63%

Leon Binedell 106,667,955 95.46% 5,068,273 4.54%

Dr. Peter Hancock 106,545,035 95.35% 5,191,193 4.65%

Anna Ladd-Kruger 106,636,110 95.44% 5,100,118 4.56%

Sir Richard Lapthorne 106,138,537 94.99% 5,597,691 5.01%

Chih-Ting Lo 106,474,879 95.29% 5,261,349 4.71%

John Warwick 106,523,227 95.33% 5,213,001 4.67%

The full Report of Voting Results has been filed on SEDAR at www.sedar.com.

About Sherritt

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt –

metals deemed critical for the energy transition. Sherritt’s Moa Joint Venture has a current estimated

mine life of 26 years and has embarked on an expansion program focused on increasing annual mixed

sulphide precipitate production by 20% or 6,500 tonnes of contained nickel and cobalt (100% basis).

The Corporation’s Power division, through its ownership in Energas S.A., is the largest independent

energy producer in Cuba with installed electrical generating capacity of 50 6 MW, representing

approximately 10% of the national electrical generating capacity in Cuba. The Energas facilities are

comprised of two combined cycle plants that produce low-cost electricity from one of the lowest carbon

emitting sources of power in Cuba. Additionally, its Technologies Group creates innovative, proprietary

solutions for natural resource -based industries around the world to improve environmental

performance and increase economic value. Sherritt’s common shares are listed on the Toronto Stock

Exchange under the symbol “S”.

For more information, please contact:

Lucy Chitilian, Director, Investor Relations

Telephone: 416-935-2457

Toll-Free: 1-800-704-6698

Email: [email protected]

www.sherritt.com