Sherritt International Corporation Investor Presentation — May 2020

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2Forward -looking statements

This presentation contains certain forward -looking statements. Forward -looking statements can generally be identified by the use of statements that include such wo rds as “believe”, “expect”, “anticipate”, “intend”, “plan”, “forecast”, “likely”, “may”,

“will”, “could”, “should”, “suspect”, “outlook”, “potential”, “projected”, “continue” or other similar words or phrases. Spec ifically, forward -looking statements in this document include, but are not limited to, certain expectations regarding production

volumes, operating costs and capital spending; supply, demand and pricing outlook in the nickel and cobalt markets; the impac t of COVID -19; demand in the stainless steel and electric vehicle markets; anticipated payments of outstanding

receivables; future distributions from the Moa Joint Venture; funding of future Ambatovy Joint Venture cash calls; drill plan s and results on exploration wells; the impact of Title III of the Helms -Burton Act on operations; and amounts of certain

Forward looking statements are not based on historical facts, but rather on current expectations, assumptions and projections about future events, including commodity and product prices and demand; the level of liquidity and access to funding;

share price volatility; production results; realized prices for production; earnings and revenues; development and exploratio n wells and enhanced oil recovery in Cuba; environmental rehabilitation provisions; aavailability of regulatory and

creditor approvals and waivers; compliance with applicable environmental laws and regulations; debt repayments; collection of accounts receivable; and certain corporate objectives, goals and plans. By their nature, forward looking statements