SWC Sherwood Copper Com Npv

Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) announced
today that, further to its news release dated March 3, 2008, its wholly-owned
subsidiary, Minto Explorations Ltd. ("MintoEx") has completed the sale to
Northern Tiger Resources Inc. ("Northern Tiger") of a 100% interest in four
properties located in the Dawson Range in the Yukon Territory and data sets
comprised of a database of certain exploration reports, all in accordance with
the terms of an acquisition agreement dated effective May 23, 2008 between
MintoEx and Northern Tiger (the "Acquisition Agreement"). A copy of the
Acquisition Agreement is available on SEDAR at www.sedar.com under Northern
Tiger's profile.


"Through its transaction with Firestone Ventures, Sherwood Copper's subsidiary,
Minto Explorations, has gained exposure to exploration opportunities outside of
its Minto Mine property, having both (1) a back in right to any deposits
discovered close to its existing mine infrastructure that could be processed at
the existing process facilities and, (2) equity exposure to any other
discoveries made through this alliance," said Stephen Quin, President & CEO of
Sherwood Copper. "This is a win-win transaction for our respective shareholders
and accelerates the exploration activity in the Minto Mine area and the Yukon,
to a level beyond what Sherwood would do on its own. This will allow Sherwood
exposure to more generative type opportunities but not detract from its main
exploration focus on the more advanced and highly prospective Minto Property,"
he added.


As part of the transaction, MintoEx transferred to Northern Tiger a one hundred
(100%) percent interest in four Dawson Range exploration properties and an
extensive historical exploration database for the region. The four properties
encompass exploration targets where previous prospecting encountered copper-gold
mineralization similar to that hosting MintoEx's nearby Minto mine. In addition,
Northern Tiger and MintoEx have entered into a Regional Exploration Alliance
Agreement ("REAA"), which provides for input and cooperation on planning and
executing exploration programs and long term strategies for the area, sharing of
proprietary technical expertise to assist in exploration and project
advancement, and access to MintoEx's infrastructure to facilitate exploration in
the region.


As consideration for the transfer of the exploration properties, historical
database and the support provided to Northern Tiger through the REAA, Northern
Tiger has issued to MintoEx 4,343,878 class "A" common shares in the capital of
Northern Tiger (the "Northern Tiger Shares") at a deemed price of $0.30 per
share, such shares to be held in escrow pursuant to a TSX Venture Exchange Form
5D Value Security Escrow Agreement.


Sherwood's holding in Northern Tiger Resources Inc. will give its shareholders
exposure to an exploration company focused on exploration targets generally
located outside of, but in proximity to the Minto Mine property in central
Yukon. In addition to its equity holdings in Northern Tiger, MintoEx would
retain back-in rights to acquire a 65% interest in any of Northern Tiger's
projects located within a 50 km radius that are found to have mineralization
amenable to processing in MintoEx's existing Minto Mine facilities.


Early Warning Requirements under Applicable Securities Laws

The 4,343,878 Northern Tiger Shares currently held by MintoEx represent
approximately 17.81% of the outstanding common shares of Northern Tiger and such
shares are to be held in escrow as described above. MintoEx does not have any
present intention to acquire ownership of or control over additional securities
of Northern Tiger. The Northern Tiger Shares will be listed and commence trading
on the Exchange under the symbol NTR on June 30, 2008.


A copy of the early warning report filed pursuant to the applicable securities
legislation is available online at www.sedar.com under Northern Tiger's profile
or may be obtained by contacting the Company.


About Sherwood Copper

Sherwood'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
mineral resource and mineral 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 Ltd.,
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 & Kutcho projects 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.

Sherwood Copper Com Npv (TSXV:SWC)
Historical Stock Chart
From Jun 2024 to Jul 2024

Sherwood Copper Com Npv (TSXV:SWC)
Historical Stock Chart
From Jul 2023 to Jul 2024