TORONTO, ONTARIO--(Marketwire - Feb. 26, 2013) -

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

Sherritt International Corporation ("the Corporation") (TSX:S) announced today that its Board of Directors has approved a quarterly dividend, with respect to the first quarter of 2013, of $0.043 per common share, payable April 12, 2013 to shareholders of record as of the close of business on March 29, 2013. This regular dividend represents a 13% increase to the dividend of $0.038 per share paid by the Corporation for the fourth quarter of 2012 and 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".