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Sherritt Announces Voting Results of its 2024 Annual Meeting of Shareholders

Shareholder Meetings

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SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt Announces Voting Results of its

2024 Annual Meeting of Shareholders

TORONTO, May 9, 2024 – Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) today

announced voting results of its 2024 Annual Meeting of Shareholders held May 9, 2024.

A total of 156,740,611 common shares or 39.45% of Sherritt’s issued and outstanding common shares

were represented virtually or by proxy at the meeting. Shareholders voted in favour 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 2024

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

Leon Binedell 145,243,512 95.05% 7,557,228 4.95%

Louise Blais 147,687,395 96.65% 5,113,345 3.35%

Steven Goldman 147,698,298 96.78% 4,909,497 3.22%

Dr. Peter Hancock 131,099,033 85.80% 21,701,707 14.20%

Anna Ladd-Kruger 147,572,037 96.58% 5,228,703 3.42%

Sir Richard Lapthorne 113,810,078 74.48% 38,990,662 25.52%

Chih-Ting Lo 132,954,224 87.01% 19,846,516 12.99%

The full Report of Voting Results has been filed on SEDAR+ at www.sedarplus.ca.

About Sherritt International

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

25 years and has embarked on an expa nsion program focused on increasing annual mixed sulphide

precipitate production by 20% 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 506 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. Sherritt’s

common shares are listed on the Toronto Stock Exchange under the symbol “S”.

For further information, please contact:

Tom Halton

Director, Investor Relations and Corporate Affairs

Email: [email protected]

Telephone: (416) 935-2451

www.sherritt.com