Sherritt International Corp. (SHERF)

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About Ambatovy Joint Venture

The Ambatovy Joint Venture is a vertically integrated nickel and cobalt mining, processing, refining and marketing joint venture between subsidiaries of Sherritt (40 per cent ownership), Sumitomo (27.5 per cent), Korea Resources (27.5 per cent), and SNC-Lavalin (5 per cent). Sherritt is the operator of the facilities. Located in Madagascar, Ambatovy is the largest finished nickel and finished cobalt operation from lateritic ore in the world.

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".

Investor inquiries:
Sherritt International Corporation
416-935-2451 or Toll-free: 1-800-704-6698 ext.2451
http://[e-mail]

Media inquiries:
Sherritt International Corporation
416-935-2421 or Toll-free: 1-888-625-3448 ext.2421
[e-mail]
http://www.sherritt.com