SWC Sherwood Copper Com Npv

Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) reported the
results of its Annual General Meeting of shareholders, where all resolutions put
before shareholders were approved. Re-elected to the board of directors were
Stephen Quin, President & CEO, Bruce McLeod, Chairman, Larry Bell, Colin Benner,
Jim Crombie, John Gammon and Roy Hudson. Ray Antony did not stand for
re-election and Sherwood expressed its appreciations for his years of invaluable
service to the company both as a director and chair of the audit committee, a
role assumed by Larry Bell subsequent to the meeting.


Strategic Plans

Following the meeting, Stephen Quin, President & CEO, laid out Sherwood's
strategic objective, which is to become a profitable intermediate base metal
producer by:


- Fully optimizing its existing assets through a relentless pursuit of value;

- Using exploration to fuel growth from within;

- Take advantage of exploration success to support a cycle of reserve increases
and production expansions;


- Using mergers and acquisitions to accelerate growth.

With the high grade Minto copper-gold mine in the Yukon running at design
capacity, Sherwood is now focussed on pursuing value opportunities through the
optimization of the operations, focusing on increasing throughput and
performance above the design levels achieved and reducing costs. Current and
near term opportunities include a rescheduled open pit mine plan (discussed in
the May 30, 2008 press release), pushing throughput above design of 2,400tpd
(which opportunity has been demonstrated by running the plant at above 3,400tpd
on occasion), installation of a gravity plant to recover native gold and
connection to grid power later in 2008 to lower costs.


In addition to optimizing the main deposit at Minto, Sherwood aims to continue
its aggressive exploration program to continue defining additional high grade
copper-gold deposits, such as the discovery and definition of the Area 2 deposit
in 2006, the discovery of the Area 118 deposit and the definition of the
Ridgetop deposit in 2007, and the discovery of several additional mineralized
areas awaiting further exploration. Area 2, Area 118 and Ridgetop are currently
undergoing definition drilling.


Rapid advancement of new areas from discovery through resource definition and
into reserves (in 18 months for Area 2) provides opportunities to rapidly
translate exploration success into production growth. Sherwood aims to continue
its strategy of demonstrating and implementing incremental increases in
production, as with the Area 2 deposit which was converted to reserves in a
pre-feasibility study (as reported on December 12, 2007) and which is in the
process of being permitted for production. Sherwood is currently drilling Area
118 and Ridgetop to standards that could support conversion to reserves should
these deposits prove economic. The objective is to provide the next round of
production growth, as well as following up on some of the other discoveries and
targets identified in 2007 such as Airstrip, Copper Keel and others, to
introduce additional prospects into the exploration pipeline. Sherwood's
objective for the Minto Mine is to sustain production levels of 60-70 million
pounds of copper production per annum, plus significant gold and silver
by-products for a minimum of 8-10 years. This objective of increased production
is supported by the ability to significantly increase mill throughput (to
3,500tpd or more) with minimal capital investment.


In order to accelerate growth for Sherwood beyond that set out above for the
Minto Mine, Sherwood is looking to mergers and acquisitions to both increase and
accelerate its production growth profile. The recently completed acquisition of
the high grade Kutcho copper project in NW British Columbia is an example of
that strategy being implemented. Sherwood is in the process of completing a
NI43-101 compliant Preliminary Economic Assessment ("PEA") on the main deposit
at Kutcho, targeting near term production of approximately 50 million pounds of
copper per year, with significant by-product zinc, silver and gold. The PEA only
focuses on part of one of the three known deposits at Kutcho, and Sherwood aims
to subsequently evaluate options for the significant additional resource in the
other deposits, as well as resuming exploration on the balance of the property.


Beyond the Kutcho acquisition, Sherwood continues to evaluate merger and
acquisition opportunities on more advanced projects or currently producing
companies that could increase its contemplated production profile, and
potentially even add production ahead of the start of any mine at Kutcho.


Readers of this press release should note that the implementation of a number of
the objectives set out herein, including the expansion of the Minto Mine and
development of a new mine at Kutcho, are dependent on the successful completion
of further technical studies and/or permitting, and both projects will involve
continued stakeholder consultation, especially with local First Nations, to whom
Sherwood intends to deliver meaningful benefits resulting from the successful
operation of these mines.


A copy of the presentation given at the Annual General Meeting is available on
the company's website.


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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