SWC Sherwood Copper Com Npv

Further to their joint news release of April 7, 2008, Sherwood Copper
Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) and Western Keltic Mines Inc.
(TSX VENTURE:WKM) today reported that the acquisition by Sherwood of all of the
issued shares of Western Keltic by way of plan of arrangement was approved by
the Supreme Court of British Columbia on May 26, 2008 and closed today, with an
effective date of May 27, 2008. This followed an extraordinary general meeting
whereat more that 99.9% of all votes cast at the meeting were in favour of the
arrangement.


Pursuant to the arrangement, holders of Western Keltic shares are entitled to
receive 0.08 of one Sherwood share for every one Western Keltic share
surrendered. Outstanding options and warrants to purchase Western Keltic shares
are to be exchanged for options and warrants to purchase Sherwood shares on the
same share exchange ratio with corresponding changes to the exercise prices.
Western Keltic and a wholly-owned subsidiary of Sherwood have been amalgamated
and the amalgamated company is a wholly-owned subsidiary of Sherwood named
"Kutcho Copper Corp.". An application will be made to have Western Keltic's
shares delisted from the TSX Venture Exchange as soon as practicable. Registered
shareholders of Western Keltic will receive a letter of transmittal providing
instructions on how to exchange their share certificates pursuant to the
arrangement.


Kutcho Copper Project

Sherwood, through its wholly owned subsidiary Kutcho Copper Corp., is currently
re-evaluating and re-scoping the Kutcho Project with the objective of defining
and developing a smaller, less capital intensive, high grade open pit mining
operation that benefits from Sherwood's experiences in developing its high grade
Minto copper-gold mine in the Yukon.


Sherwood's consultants, SRK Consulting (Canada) Inc. are leading the preparation
of a Preliminary Economic Assessment (PEA) on the redesigned and re-scoped
Kutcho project, which should be complete by mid-2008. As with Sherwood's
accelerated development of its Minto project to production, Sherwood aims to run
multiple activities in parallel in order to reduce the total time to commercial
production. Hence a drill program to support feasibility related activities
commenced in May of 2008, prior to the completion of the PEA. Assuming results
of the PEA warrant, Sherwood aims to continue to look for avenues to accelerate
the development of the Kutcho project into an operating mine, to the benefit of
all stakeholders.


About Sherwood Copper

Sherwood Copper's objective is the 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 May 2008, Sherwood
acquired 100% ownership in Western Keltic Mines, owner of the high-grade Kutcho
copper-zinc-gold-silver deposit in northwestern British Columbia. Sherwood
expects to lever off its successful development of the Minto Mine and rapidly
advance the Kutcho project to a production decision.


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 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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