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Press release from Marketwire

Sherritt Announces Increase in Quarterly Dividend

Wednesday, November 17, 2010

Sherritt Announces Increase in Quarterly Dividend15:08 EST Wednesday, November 17, 2010TORONTO, ONTARIO--(Marketwire - Nov. 17, 2010) - Sherritt International Corporation ("Sherritt") (TSX:S) announced today that its Board of Directors has approved an increase in its quarterly dividend from $0.036 per share to $0.038 per share. The dividend with respect to the fourth quarter of 2010, of $0.038 per common share, will be payable January 14, 2011 to shareholders of record as of the close of business on December 31, 2010. This regular dividend is an "eligible dividend" as defined in the Income Tax Act (Canada). About Sherritt Sherritt is a diversified natural resource company that produces nickel, cobalt, thermal coal, oil, gas and electricity. It also licenses its proprietary technologies to other metals companies. Sherritt's common shares are listed on the Toronto Stock Exchange under the symbol "S".FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsSherritt International Corporation416-935-2451 or Toll-Free: 1-800-704-6698investor@sherritt.comwww.sherritt.com