Ms. Lucy Chitilian reports

SHERRITT ANNOUNCES VOTING RESULTS OF ITS 2023 ANNUAL MEETING OF SHAREHOLDERS

Sherritt International Corp. today released its voting results of its 2023 annual meeting of shareholders held May 11, 2023.

A total of 116,629,964 common shares or 29.36 per cent of Sherritt's issued and outstanding common shares were represented virtually or by proxy at the meeting. Shareholders voted in favour of all items of business put forth at the meeting, including the reappointment of Deloitte LLP as external auditor and the non-binding advisory resolution known as "say on pay."

Election of directors

Each of the seven director nominees listed in the management information circular for the 2023 shareholders meeting were individually elected as directors of Sherritt to serve until the next annual general meeting of the company or until his or her successor is elected or appointed.

The full report of voting results has been filed on SEDAR.

About Sherritt International Corp.

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt -- metals deemed critical for the energy transition. Sherritt's Moa joint venture has a current estimated mine life of 26 years and has embarked on an expansion program focused on increasing annual mixed sulphide precipitate production by 20 per cent, or 6,500 tonnes of contained nickel and cobalt (100-per-cent basis). The corporation's power division, through its ownership in Energas SA, is the largest independent energy producer in Cuba, with installed electrical generating capacity of 506 megawatts, representing approximately 10 per cent of the national electrical generating capacity in Cuba. The Energas facilities comprise two combined cycle plants that produce low-cost electricity from one of the lowest-carbon-emitting sources of power in Cuba. Additionally, its technologies group creates innovative, proprietary solutions for natural-resource-based industries around the world to improve environmental performance and increase economic value.