TORONTO, ON --(Marketwired - March 10, 2017) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
Sherritt International Corporation ("Sherritt") (TSX: S) today announces an
extension to the waiver preventing Sherritt from becoming a defaulting shareholder for non-funding under the terms of the
Shareholders Agreement between Sherritt and its Ambatovy Joint Venture partners, Sumitomo Corporation and Korea Resources
Corporation. By agreement amongst the partners, the waiver has been extended to expire at the close of business on May 2,
2017.
About Sherritt
Sherritt, which is celebrating its 90th anniversary in 2017, is the 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".
Source: Sherritt Investor Relations