SWC Sherwood Copper Com Npv

Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) and Western
Keltic Mines Inc. (TSX VENTURE:WKM) today announced that they intend, subject to
receipt of all necessary approvals, to complete a business combination between
Sherwood and Western Keltic to be carried out by way of statutory plan of
arrangement of Western Keltic (the "Arrangement") whereby Sherwood will acquire
all of the issued shares of Western Keltic and Western Keltic will become a
wholly-owned subsidiary of Sherwood.


Sherwood currently owns a total of 76,777,214 Western Keltic common shares
("Western Keltic Shares"), representing approximately 93% of the outstanding
Western Keltic Shares, which shares were acquired under Sherwood's offer (the
"Offer") for all of the outstanding Western Keltic Shares first announced on
December 24, 2007 and in subsequent extensions thereof. The proposed transaction
constitutes the second step transaction, as contemplated under the Offer, by
which Sherwood intends to acquire all of the remaining Western Keltic Shares not
already owned by Sherwood.


The proposed transaction is expected to complete in May 2008 and is subject to
certain conditions including receipt of all necessary court and shareholder
approvals and dissent rights to the Arrangement shall not have been exercised
prior to the effective date of the Arrangement by holders of Western Keltic
Shares representing in the aggregate 1% or more of outstanding Western Keltic
Shares at such time. It is anticipated that a special meeting of shareholders of
Western Keltic (the "Meeting") will be held on May 21, 2008 to approve the
proposed transaction and that the record date for determining Western Keltic
shareholders entitled to receive notice of and vote at such meeting will be
April 21, 2008. Under applicable law, Sherwood is entitled to and will vote the
Western Keltic Shares it owns in favour of the transaction at the Meeting. At
least 66 2/3% of the votes cast by Western Keltic shareholders in person or by
proxy at the Meeting in favour of the Arrangement is required at the Meeting to
pass a special resolution approving the Arrangement.


Under the terms of the Arrangement, each Western Keltic shareholder will be
entitled to 0.08 of one Sherwood share for every one Western Keltic share held,
being the same ratio as in the Offer. Sherwood will issue options and warrants
to holders of all of Western Keltic's outstanding options and warrants to
acquire shares of Sherwood comparable to those previously held to acquire shares
of Western Keltic, the number of shares received upon exercise and the exercise
price of such Western Keltic securities to be adjusted proportionately to
reflect the exchange ratio described above.


About Sherwood Copper

Sherwood Copper's current focus is profitable production of base and precious
metals from high grade, open pit mines in Canada. Sherwood's first operating
mine, the high grade Minto copper-gold mine in Yukon, Canada, was built on
budget and ahead of schedule. The Minto Mine is one of the highest-grade open
pit copper-gold mines in the world, and is forecast to be a low cost producer.
Aggressive exploration on the Minto property has yielded significant success,
providing Sherwood the opportunity to 'grow from within' by expanding the
resource and reserve base, potentially leading to further production increases.
To further accelerate its production growth, Sherwood intends to pursue merger &
acquisition opportunities that fit its business model and, in March 2008,
Sherwood acquired more than 93% ownership in Western Keltic Mines, owner of the
high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British
Columbia. Sherwood aims to repeat its successful development of the Minto Mine
at the Kutcho project.


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

On behalf of the board of directors

WESTERN KELTIC MINES INC.

John Hick, Director

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 form 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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