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Sherritt Appoints New CFO

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2012) -

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

Sherritt International Corporation ("Sherritt" or the "Company") (TSX:S) announced today that Dean Chambers has been appointed Executive Vice President and Chief Financial Officer. Dean has been with the Company since 2007, most recently as Executive Vice President, Development and has held executive roles in both the financial and operational areas of Sherritt. Dean succeeds Michael Robins as CFO. Mike has left the Company to pursue other interests.

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".

Investor inquiries:
416.935.2451
1.800.704.6698
investor@sherritt.com

Media inquiries:
416.935.2421
communications@sherritt.com