Sherritt International Corporation reminded holders (the "Noteholders") of the Corporation's outstanding (i) 8.50% senior second lien secured notes due 2026 (the "Secured Notes") and (ii) 10.75% unsecured PIK option notes due 2029 (the "Junior Notes", and collectively with the Secured Notes, the "Notes") of the amended initial expiration date of November 30, 2022 (the "Initial Expiration Date") for the Corporation's previously announced modified Dutch auction in respect of the Secured Notes (the "Secured Notes Dutch Auction") and fixed price tender offer in respect of the Junior Notes (the "Junior Notes Fixed Price Tender Offer" and, together with the Secured Notes Dutch Auction, the "Offers" or the "Transaction") for aggregate cash consideration of up to $50 million, exclusive of accrued and unpaid interest on the purchased Secured Notes.