Sherwood Copper Corporation
TSX VENTURE : SWC

Sherwood Copper Corporation

January 08, 2007 20:20 ET

Sherwood Appoints General Manager for High Grade Minto Copper-Gold Mine

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 8, 2007) - Sherwood Copper Corporation (TSX VENTURE:SWC) today announced that its wholly owned subsidiary, Minto Explorations Ltd., has appointed Ian Berzins, P.Eng., as General Manager of the high grade Minto copper-gold mine in the Yukon. He replaces Bill Dunn, P.Eng., who has been appointed Manager of Regulatory and Corporate affairs with Minto Explorations.

"Ian brings a wealth of operating experience to our high grade Minto copper-gold mine in the Yukon, which is now more than 50% built," said Stephen Quin, President & CEO of Sherwood Copper. "Ian has extensive experience in both open pit and underground environments, including long periods in northern operations, and we are pleased to be able to attract someone of his calibre. His appointment will allow Bill Dunn to focus his considerable experience on our regulatory and other activities in the Yukon."

Both Ian Berzins and Bill Dunn are also to be appointed directors of Minto Explorations Ltd., Sherwood's wholly owned subsidiary.

Ian Berzins joins Sherwood after four years in Fort McMurray where he held senior positions at very large projects, including terms as General Manager, Mining at Albian Sands Energy and General Manager, Mine Equipment Maintenance at Suncor Energy. Prior to his experience in the oil sands, Mr. Berzins had extensive experience in the metal mining sector, including General Manager at the Bissett gold mine in Manitoba, and the Lupin and Con gold mines in Northwest Territories. Mr. Berzins also has open pit and underground mining experience in the coal fields of BC, the Kidd Creek mine in Ontario and at the Granisle copper mine in BC.

Grant of Options

In accordance with its stock option plan, Sherwood has granted 300,000 options to certain employees of the Company with a 5 year term at an exercise price of $4.05.

Minto Project

The Minto Project is a high-grade copper-gold deposit located in the Yukon Territory of Canada. The mine development is now approximately 50% completed and is on target to move into production in the second quarter of 2007.

Sherwood

Sherwood's successful consolidation of the ownership of the Minto Project provides a unique investment opportunity - participation in an already permitted, partially constructed, high-grade, open pit copper-gold project located in Canada with infrastructure and 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 Corp.
    Stephen Quin
    President
    (604) 687-7545 or 1-888-338-2200
    or
    Sherwood Copper Corp.
    Brad Kopp
    Investor Relations
    (604) 687-7545 or 1-888-338-2200
    or
    Sherwood Copper Corp.
    Kristy Reynolds
    Investor Relations
    (604) 687-7545 or 1-888-338-2200
    (604) 689-5041 (FAX)
    Website: www.sherwoodcopper.com