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Sherritt Appoints Seasoned Mining Executive Anna Ladd-Kruger to its Board of Directors

Management Changes

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt Appoints Seasoned Mining Executive Anna Ladd-Kruger to its

Board of Directors

TORONTO, February 15, 2023 – Sherritt International Corporation (“Sherritt”) (TSX:S) , a world leader in

the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores , is pleased to announce

that Anna Ladd-Kruger, a seasoned mining industry financial executive with more than 20 years of

experience in mining exploration and operations , has been appointed to Sherritt’s Board of Directors

effective today as Sherritt looks to effectively transition responsibilities ahead of a planned retirement from

its Board.

“We are very pleased to have Anna join our Board of Directors. At this exciting juncture in Sherritt’s history

we are delighted to have someone with Anna’s financial acumen and considerable experience on our

Board,” said Sir Richard Lapthorne, Board Chairman of Sherritt International. “Anna has played pivotal roles

in building mining companies, building balance sheet strength and supporting continued growth in both the

precious and base metals space. We look forward to Anna’s many contributions to our Board.”

Ms. Ladd-Kruger has held key executive positions at several Canadian publicly listed mining companies,

including roles supporting the transition from exploration to production and raising substantial debt and

equity. Most recently, Ms. Ladd-Kruger was the Chief Financial Officer (CFO) of McEwen Mining Inc. where

she was brought in to lead financial and operational turnaround strategies a nd was key to the McEwen

Copper Asset spin -out, including serving as its CFO and director. Ms. Ladd -Kruger previously served as

the CFO and VP Corporate Development for a number of mining companies and began her career working

at Vale S.A.'s Thompson and S udbury Canadian operations before joining Kinross Gold Corporation as

their North American Group Controller.

Ms. Ladd-Kruger is currently serving as the Independent Chair of the Board at Nova Minerals Limited. She

sits on the board and is a member of the Audit Committee at SilverCrest Metals Inc. and is a member of

the board as well as Audit Chair and a committee member of the ESG and Technical Committee at Integra

Resources Corp. Ms. Ladd-Kruger holds both a CPA and CMA designation, a Master’s of Economics from

Queen’s University and a Bachelor of Commerce from the University of British Columbia. She also holds

the Canadian Institute of Corporate Directors designation (ICD.D).

About Sherritt

Headquartered in Toronto, Sherritt is a world leader in using h ydrometallurgical processes to mine and

refine nickel and cobalt – metals essential for an electric future. Its Technologies Group creates innovative,

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

performance and increase economic value. Sherritt has embarked on a multi -pronged growth strategy

focused on expanding nickel and cobalt production by up to 20% from 2021 and extending the life of mine

at Moa beyond 2040. The Corporation is also the largest i ndependent energy producer in Cuba. Sherritt’s

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

For more information, please contact:

Lucy Chitilian, Director of Investor Relations

Telephone: 416-935-2457

Email: [email protected]

www.sherritt.com