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Press release from Marketwire

Sherritt Announces Quarterly Dividend

Wednesday, February 15, 2012

Sherritt Announces Quarterly Dividend12:41 EST Wednesday, February 15, 2012TORONTO, ONTARIO--(Marketwire - Feb. 15, 2012) -NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESSherritt International Corporation ("Sherritt") (TSX:S) announced today that its Board of Directors has approved a quarterly dividend, with respect to the first quarter of 2012, of $0.038 per common share, payable April 13, 2012 to shareholders of record as of the close of business on March 30, 2012. This regular dividend is an "eligible dividend" as defined in the Income Tax Act (Canada). 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 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".FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsSherritt International Corporation416-935-2451 or Toll-Free: 1-800-704-6698investor@sherritt.comwww.sherritt.com