Sherritt : Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwired - Oct. 27, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt International Corporation ("Sherritt") (TSX:S) announced today its intention to commence a normal course issuer bid to purchase for cancellation up to 5% of its issued and outstanding common shares over a 12-month period (the "Program"). The commencement of the Program is subject to Toronto Stock Exchange ("TSX") approval.

Repurchases under the Program may be made through the facilities of the TSX or alternative trading platforms or by such other means permitted by the TSX. Sherritt will pay the market price at the time of purchase. The actual number of common shares repurchased under the Program and the timing of such repurchases will be in Sherritt's discretion and will be subject to the limitations set out in TSX Company Manual.

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".