VANCOUVER, BRITISH COLUMBIA (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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contacts: Sherwood Copper Corporation Stephen P. Quin Investor Contact (604) 687-7545 Sherwood Copper Corporation and Western Keltic Mines Inc. Brad Kopp Investor Contact (604) 687-7545 (604) 689-5041 (FAX) Website: www.sherwoodcopper.com

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