Sherwood Copper Corporation
TSX VENTURE : SWM

Sherwood Copper Corporation

September 09, 2005 09:24 ET

Sherwood Share Consolidation & Name Change

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 9, 2005) - Sherwood Mining Corporation (TSX VENTURE:SWM) is pleased to announce that it has received all necessary approvals for the consolidation of its share capital on a one for four basis and changing its name to Sherwood Copper Corporation. This will provide a more appropriate capital structure and a name that better reflects its corporate focus. Sherwood will begin trading as Sherwood Copper Corporation on a consolidated basis under the symbol "SWC" at market opening on Monday September 12, 2005 and will have approximately 20.95 million shares issued.

"The name change and share consolidation completes the reorganization and refocusing of Sherwood begun earlier in the year," said Stephen Quin, the recently appointed President & CEO of Sherwood. "Sherwood is now positioned to move forward with its exciting Minto Project in the Yukon - an already permitted, partially constructed, high-grade, open pit copper-gold project located in Canada with access to existing infrastructure and excellent exploration upside."

Name Change & Share Consolidation

On March 29, 2005, Sherwood announced plans to change its name and consolidate its share capital on the basis of one new share for four old shares. Approval for the share consolidation and name change was received at the Company's annual general meeting on April 15, 2005 and regulatory approval has been granted. The share consolidation and name change will take effect on September 12, 2005, whereon Sherwood will commence trading under the symbol "SWC".

Management Appointment

Sherwood is pleased to announce the appointment of David M Douglas, CA as Corporate Secretary of the Company.

Sherwood & the Minto Project

Sherwood owns the high-grade Minto copper-gold deposit located in Canada's Yukon Territory, which was successfully brought to feasibility, permitted and partially constructed in the late 1990's before low copper prices caused the suspension of activities. As announced June 27, 2005, the Minto Project contains measured and indicated resources of 9.2 million tons at a grade of 1.8% copper, 0.016oz/t gold and 0.2oz/t silver, and an additional inferred resource of 0.8 million tons grading 1.4% copper, 0.013oz/t gold and 0.2oz/t silver. The mineral resources for the Minto Project were estimated by Giroux Consulting. Gary Giroux, P.Eng. is the Qualified Person under National Instrument 43-101 responsible for the estimate.

Additional information on Sherwood and its Minto Project can be obtained on Sherwood's website at www.sherwoodcopper.com.

ON BEHALF OF THE BOARD OF DIRECTORS

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 Mining Corporation
    Stephen Quin
    President
    (604) 687-7545 or 1-888-338-2200
    or
    Sherwood Mining Corporation
    Investor Relations
    (604) 687-7545 or 1-888-338-2200
    www.sherwoodcopper.com