Sherwood Copper Corporation
TSX VENTURE : SWC
TSX VENTURE : SWC.DB

Sherwood Copper Corporation

January 16, 2008 14:35 ET

Sherwood Copper Appoints Kevin Weston as Chief Operating Officer

Focused on Production Growth Opportunities at Minto Copper-Gold Mine & Possibly Kutcho Creek

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2008) - Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) today announced the appointment of Kevin Weston as Chief Operating Officer, responsible for all operational activities of the Company.

"The addition of Kevin Weston as Chief Operating Officer significantly enhances our ability to pursue growth opportunities for Sherwood Copper, internally and externally," said Stephen Quin, President & CEO. "Kevin brings a tremendous amount of operating experience in a wide variety of operating environments to Sherwood. His experience will be a great asset as we look to continue the value enhancement of our high grade Minto copper-gold mine in the Yukon through further expansions in reserves and production and, should our offer for Western Keltic be successful, in the advancement of the Kutcho Creek project in British Columbia."

Appointment of Chief Operating Officer

Kevin Weston has been appointed Chief Operating Officer with Sherwood Copper, effective immediately. Kevin's career encompasses 25 years of operating experience, most recently as Vice President & General Manager with Breakwater Resources, responsible for the Myra Falls base metal mine in British Columbia. Prior to that, Kevin's experience includes periods leading a contract mining company, as a mining consultant and, most importantly, extensive experience in mining operations, including managing gold and base metal mines in Canada and abroad, in open pit and underground settings. These leadership positions built on prior experience as mill superintendent, mine superintendent, mine foreman, blasting engineer and mining engineer at a number of mining operations with senior and junior mining companies.

Kevin will primarily be focused on Sherwood's "relentless pursuit of value" through the on-going optimization and expansion of the Minto Mine, the advancement of the Kutcho Creek property in BC, assuming Sherwood's offer for Western Keltic (see press release dated November 26, 2007) is successful, as well as other external growth opportunities.

Minto Project

The Minto Mine encompasses a high-grade open pit copper-gold deposit located in the Yukon Territory of Canada. Sherwood acquired the Minto project in June 2005 and, in just two years from its acquisition, completed a bankable feasibility study, arranged project financing, and built a $100 million open pit copper-gold mine. Commercial production commenced on October 1, 2007. In parallel with these development activities, Sherwood has been running an exceptionally successful exploration program that has resulted in multiple discoveries of high grade copper-gold mineralization across its Minto Mine property.

Sherwood

Sherwood's successful consolidation of the ownership of the Minto Project provides a unique investment opportunity - participation in a high-grade, open pit copper-gold mine located in Canada with tremendous exploration potential on the property.

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

This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results.

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

Contact Information

  • Sherwood Copper Corporation
    Stephen Quin
    President
    (604) 687-7545 or 1-888-338-2200
    or
    Sherwood Copper Corporation
    Brad Kopp
    (604) 687-7545 or 1-888-338-2200
    or
    Sherwood Copper Corporation
    Kristy Reynolds
    (604) 687-7545 or 1-888-338-2200
    (604) 689-5041 (FAX)
    Website: www.sherwoodcopper.com