Sherritt International Corp. (SHERF)

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Sherritt International Corporation ("Sherritt") (TSX:S) today announced the filing of a National Instrument 43-101 compliant technical report regarding its Ambatovy operation in Madagascar (the "2014 Technical Report"). The 2014 Technical Report has an effective date of September 1, 2014 and is available at www.sedar.com.

The 2014 Technical Report includes updated nickel and cobalt mineral resource and reserve estimates based upon, among other things: additional drilling results, the inclusion of low grade resources using the existing cut-off grade of 0.6% nickel that were not previously thought to be mineralized, changes to the block model arising from the use of actual ore mining results, and the inclusion of low magnesium saprolite.

http://www.sherritt.com/press-releases/sherritt-files-updated-technical-report-for-ambatovy-operation-tsx-s-201409300970412001

The 2014 Technical Report referred to in this press release was prepared by the following qualified persons: Mr. Srivastava, Mr. Jim Yakasovich, B Sc. Geo., of SRK Consulting (Canada) Inc., a professional engineer and an independent qualified person (as defined under National Instrument 43-101), Mr. Bernard Daigle, B.Sc., Eng., a mining engineer and an employee of Sherritt, and Mr. Murray Faris, B. Sc., P.Eng, a chemical engineer and an employee of Sherritt. The 2011 Technical Report was prepared by the following qualified persons: Mr. Srivastava, Mr. Daigle, Mr. Sebastien Perreault, Eng., a mining engineer and employee of Sherritt and Mr. Edward McConaghy, P.Eng., a chemical engineer and employee of the Ambatovy Project.

The full text of the 2014 Technical Report and the 2011 Technical Report is available on the SEDAR website at www.sedar.com.

About Sherritt

Sherritt is a world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, Indonesia and Madagascar. The Corporation is the largest thermal coal producer in Canada and 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".

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