Sherritt Announces Appointment of New President and CEO

TORONTO, ONTARIO--(Marketwire - Nov. 24, 2011) -

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The Board of Directors of Sherritt International Corporation ("Sherritt" or the "Company") (TSX:S) takes pleasure in announcing the appointment of David V. Pathe as President and Chief Executive Officer of the Company and his election as a Director, effective January 1, 2012. Mr. Pathe has been with Sherritt since 2007 and has held several key executive positions in addition to his current role as CFO, including Senior Vice President, General Counsel and Corporate Secretary. Prior to joining Sherritt, Mr. Pathe practiced law in Toronto, London and Paris, with a particular focus on mergers and acquisitions and international finance. Mr. Pathe is a graduate of the University of British Columbia and Queen's University and lives in Toronto with his wife and three children.

Ian W. Delaney, Sherritt's current Chairman and Chief Executive Officer, has elected to retire, having been with Sherritt and its predecessor companies for 21 years. He will continue as Chairman of the Board.

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".