S.TO · 2021-06-03 12:00:00

Sherritt Appoints Leon Binedell to its Board of Directors

Management Changes

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, June 3 , 2021 – Sherritt International Corporation (“She rritt”) (TSX:S), a leader in the mining

and refining of nickel and cobalt, today announced that Leon Binedell has been appointed to the

Corporation’s Board of Directors. Mr. Binedell, a 25-year mining industry veteran with a history of building

shareholder value, was named Sherritt President and CEO effective June 1, 2021.

Originally from South Africa, Mr. Bin edell brings 25 years of industry experience in leading global mining

companies and adjace nt joint ventur es. Previously , he worked as Chief Financial Officer of Guyana

Goldfields Inc. (“Guyana Goldfields”), a Canadian -based gold producer focused on gold deposits in

Guyana. During his tenure with Guyana Goldfields, Mr. Binedell was instrumental in maximizing

shareholder value and ensured stability through the effective recruitment of team members, the

renegotiation of all major operating and supply contracts and the development of finance and governance

practices that guided Guyana Goldfields through its successful sale.

Mr. Binedell has also served in a variety of senior leadership roles at other leading mining companies,

including nickel and other base metals businesses. Prior to joining Guyana Goldfields, he served as Finance

Operating Executive with Resour ce Capital Funds, a leading private equity fund focused on the mining

sector and the commercialization of mining innovation. In his role, he advised a portfolio of 25 companies

representing $2 billion in assets under management that spanned seven commodit ies and mining related

innovations across eight countries on improving their overall strategies, financial performance and finance

practices. Additional sector experience includes his time as National Leader of Finance Consulting in Mining

& Energy at PricewaterhouseCoopers LLP, General Manager of Business Services at Xstrata Nickel (now

Glencore) and Chief Financial Officer at Koniambo Nickel SAS.

With Mr. Binedell’s appointment, David Pathe, Sherritt’s former President and CEO, has stepped down from

Sherritt’s Board.

About Sherritt

Sherritt is a world leader in the mining and refining of nickel and cobalt – metals essential for the growing

adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and

mining companies around the world to improve environmental performance and increase economic value.

Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on

the Toronto Stock Exchange under the symbol “S”.

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For more information, please contact:

Joe Racanelli, Director of Investor Relations

Telephone: 416-935-2457

www.sherritt.com