S.TO · 2019-06-21 12:00:00

Sherritt Publishes its 2018 Sustainability Report

Corporate Updates

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, June 21, 2019 – Sherritt International Corporation ("Sherritt") (TSX: S) today

announced the release of its 2018 Sustainability Report that outlines the company’s approach to

sustainability and its performance for the year. The report, which was prepared in accordance

with the Global Reporting Initiative’s Standards, is available online at

http://sustainability.sherritt.com.

“Sherritt’s purpose is to be a low -cost nickel producer that creates sustainable pr osperity for all

stakeholders,” said David Pathe, President and CEO of Sherritt International. “ To fulfil that

purpose, sustainability must underpin every major decision we make . We need innovation to

address some of the biggest issues in our industry. More than ever, we need to foster a diverse

and inclusive culture where people fee l valued and feel comfortable speaking up, knowing that

their ideas and opinions matter.”

The report contains Sherritt’s 2018 performance in support of its goal of being recogniz ed as a

responsible supplier as measured against the four pillars of its Sustainability Framework:

Providing a Safe and Rewarding Workplace; Operating Ethically; Demonstrating Environmental

Responsibility; and Engaging Stakeholders and Benefitting Communities.

2018 Sustainability highlights include:

 Achieved peer-leading safety performance over a three-year period. During this time,

Sherritt’s Total Recordable Injury Frequency Rate (TRIFR) decreased by 63%, while

its Lost Time Injury Frequency Rate (LTIFR) decreased by 71%.

 Completed a third-party audit of the implementation of Voluntary Principles on Security

and Human Rights at Sherritt’s refinery in Fort Saskatchewan, Alberta.

 Achieved an overall reduction of 5% in Scope 1 greenhouse gas emissions compared

to 2017 and an overall reduction of 11% in energy usage compared to the previous

year.

 Continued to support a road safety program by UNICEF for children in Cuba.

 Generated more than $1 billion in economic benefits for host communities where

Sherritt maintains operations, including Canada, Cuba and Madagascar.

About Sherritt

Sherritt is a world leader in the mining and refining of nickel from lateritic ores with projects and

operations in Canada, Cuba and Madagascar. The Corporation is the largest independent energy

producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its

proprietary technologies and provides metallurgical services to mining and refining operations

worldwide. The Corporation’s common shares are listed on the Toronto Stock Exchange under

the symbol “S”.

For further information, please contact:

Joe Racanelli, Director of Investor Relations

Telephone: (416) 935-2457

Jennifer Prospero, Manager, Sustainability

Telephone: (416) 935-2276

www.sherritt.com