SWC Sherwood Copper Com Npv

Sherwood Copper Corporation ("Sherwood") (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB)
today announced that 67,614,442 common shares of Western Keltic Mines Inc.
("Western Keltic") (representing approximately 82.23% of Western Keltic's issued
and outstanding common shares) were validly deposited to the offer of Sherwood
(the "Offer") for all of the outstanding common shares of Western Keltic (the
"Western Keltic Shares") and not withdrawn as at 5:00 p.m. (Toronto time) on
January 29, 2008.


In order to allow for the remaining Western Keltic Shares to be tendered to the
Offer, Sherwood has extended its Offer to acquire all of the outstanding Western
Keltic for 0.08 of a common share of Sherwood for each Western Keltic Share to
5:00 p.m. (Toronto time) on February 11, 2008. All other terms and conditions
contained in the Offer remain the same.


A Notice of Extension has been filed with Computershare Investor Services Inc.,
the Depositary under the offer. The Notice of Extension will be mailed to
Western Keltic shareholders and will be filed with the applicable securities
regulators in Canada.


Additional Information

On December 24, 2007, Sherwood Copper filed an offer and take-over bid circular
(the "Takeover Bid Circular") related to its Offer for the outstanding common
shares of Western Keltic, which circular was accompanied by the directors'
circular of the Board of Directors of Western Keltic (the "Directors' Circular")
in which the Western Keltic board unanimously recommended that shareholders of
Western Keltic accept the offer and tender their common shares. Investors and
securityholders of Western Keltic are strongly encouraged to read the terms and
conditions of the Offer and the additional information in the Take-over Bid
circular as well as the Directors' Circular mailed on December 24, 2007 and
filed on SEDAR for additional details. Kingsdale Shareholder Services Inc. is
the information agent for the Offer. If you have any questions, please do not
hesitate to contact Kingsdale Shareholder Services Inc. toll-free in North
America at 1-866-639-8111.


Sherwood has engaged Dundee Securities Corporation as its financial advisor and
DuMoulin Black LLP as its legal advisor in respect of this transaction.


Notice to U.S. Shareholders o/Western Keltic

As a result of restrictions under United States securities laws, no Sherwood
shares will be delivered in the United States or to or for the account or for
the benefit of a person in the United States, unless Sherwood is satisfied that
the investment decision is being made in Idaho, Iowa, Kansas, Maine, Michigan,
Minnesota, Missouri, Nevada, New Mexico, New York, Ohio, Oklahoma, Pennsylvania,
South Carolina, South Dakota or Vermont, and that all required regulatory
approvals have been received. Western Keltic shareholders with investment
decisions made in any other U.S. state or jurisdiction, or in a state named
above in which Sherwood is not ultimately satisfied that all required regulatory
approvals have been received who would otherwise receive Sherwood shares in
exchange for their Western Keltic shares may, at the sole discretion of
Sherwood, have such Sherwood shares issued on their behalf to a selling agent,
which shall, as agent for such Western Keltic shareholders (and without
liability, except for gross negligence or wilful misconduct), sell such Sherwood
shares on their behalf over the facilities of the TSX-V and have the net
proceeds of such sale, less any applicable brokerage commissions, other expenses
and withholding taxes, delivered to such shareholders. The Offer is being made
for the securities of a Canadian issuer and the Offer and Take-over Bid Circular
have been prepared in accordance with the disclosure requirements of Canada.
Western Keltic shareholders should be aware that such requirements are different
from those of the United States. The financial statements included or
incorporated by reference in the Offer and Take-over Bid Circular have been
prepared in accordance with Canadian generally accepted accounting principles,
and are subject to Canadian auditing and auditor independence standards, and
thus may not be comparable to financial statements of United States companies.
The enforcement by Western Keltic shareholders of civil liabilities under the
United States federal securities laws may be affected adversely by the fact that
Sherwood is incorporated under the laws of Canada, that some or all of its
officers and directors may be residents of jurisdictions outside the United
States, that some or all of the experts named in the Offer and Take-over Bid
Circular may be residents of jurisdictions outside the United States and that
all or a substantial portion of the assets of Sherwood and said persons may be
located outside the United States. You should be aware that Sherwood may,
subject to compliance with applicable laws, purchase Western Keltic shares
otherwise than under the Offer, such as in open market purchases or privately
negotiated purchases.


About Sherwood Copper

Sherwood has 100% ownership of the high-grade open pit Minto copper-gold mine
located in the Yukon Territory of Canada. Sherwood acquired the Minto Project in
June 2005 and, in just two years from its acquisition, completed a bankable
feasibility study, arranged project financing, and built a $100 million open pit
copper-gold mine. Commercial production commenced on October 1, 2007. In
parallel with these development activities, Sherwood has been running a very
successful exploration program that has resulted in multiple discoveries of high
grade copper-gold mineralization across its Minto Mine property. A recent
pre-feasibility indicates how production at the project could be increased as a
result of exploration success. Sherwood plans to continue this "growth from
within" strategy, along with further operational optimizations, in its
relentless pursuit of value. In parallel, assuming the successful acquisition of
Western Keltic Mines, Sherwood intends to evaluate development options for
Western Keltic's Kutcho Creek high grade copper-zinc-silver deposit in
North-western British Columbia with the objective of developing a second,
profitable production centre at Kutcho Creek.


Additional Information

Additional information on Sherwood and its Minto Project can be obtained on
Sherwood's website at http://www.sherwoodcopper.com.


On behalf of the board of directors

SHERWOOD COPPER CORPORATION

Stephen P. Quin, President & CEO

Forward-Looking Statements

This document may contain "forward-looking statements" within the meaning of
Canadian securities legislation and the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements are made as of
the date of this document and the Company does not intend, and does not assume
any obligation, to update these forward-looking statements. Forward-looking
statements relate to future events or future performance and reflect
management's expectations or beliefs regarding future events and include, but
are not limited to, statements with respect to the estimation of mineral
reserves and resources, the realization of mineral reserve estimates, the timing
and amount of estimated future production, costs of production, capital
expenditures, success of mining operations, environmental risks, unanticipated
reclamation expenses, title disputes or claims and limitations on insurance
coverage. In certain cases, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved" or the negative of these
terms or comparable terminology. By their very nature forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such factors include, among others,
risks related to actual results of current exploration activities; changes in
project parameters as plans continue to be refined; future prices of resources;
possible variations in ore reserves, grade or recovery rates; accidents, labour
disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of development or
construction activities; as well as those factors detailed from time to time in
the Company's interim and annual financial statements and management's
discussion and analysis of those statements, all of which are filed and
available for review on SEDAR at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.


Accordingly, readers should not place undue reliance on forward-looking statements.

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