SWC Sherwood Copper Com Npv

Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) today
announced that exceptionally high rainfall over the past several days, on top of
an already wet summer, resulted in the temporary closure of the Klondike Highway
to Whitehorse, flooding of its access road to its Minto Mine and excessive water
inflows into its water storage pond from the surrounding hills. Despite
diverting as much run-off as possible into the Phase 1 open pit (below where
mining is currently occurring), the water storage pond was likely to overflow,
so permission was requested from and granted by the Yukon Water Board to
discharge excess stored water in a controlled manner. The Minto Mine stores
water behind a dam to ensure there is sufficient water available for processing
operations throughout the normally relatively dry summers and frozen winters in
the Yukon. The Klondike Highway has subsequently opened to single lane traffic
and repairs have begun on the mine access road. The Minto Mine is owned and
operated by Minto Explorations Ltd. ("MintoEx"), a wholly owned subsidiary of
Sherwood Copper Corp.


"Following last year, when our principal concern was not having enough water
stored to sustain operations through the dry seasons, this year we have had to
deal with a very wet summer that was topped off by a very high rainfall event
over the past few days," said Stephen Quin, President & CEO. "Big Creek, which
crosses our mine access road, rose over two metres in 24 hours, and overtopped
protective dykes designed to keep water off the road during flood conditions,
temporarily affecting road access to the mine. The Klondike Highway was also
closed between Carmacks and Whitehorse due to flooding. Water levels are now
receding and access is expected to be restored within two days," he said. "In
addition, excessive run-off from the hills surrounding the Minto Mine quickly
filled the water storage pond where water levels, despite diverting as much
run-off as possible into the lower benches of the open pit (which are not
currently being mined), rose half a metre in eight hours. In order to manage its
water resources, we applied for, and received from the Yukon Water Board, an
amendment to our water licence to discharge excess stored water. It is important
to note that the stored water is non-toxic to aquatic organisms and, while
slightly above discharge levels set in Minto's water licence, is considerably
below Federal standards for discharge set out in the Metal Mining Effluent
Regulations. Further, this is not a discharge from a tailings pond, since the
Minto Mine uses the dry stack tailings storage method, where tailings are
mechanically dried and stored in a compacted storage facility, and therefore the
mine has no tailings pond."


MintoEx's operating personnel and its environmental consultants kept the
Territorial and Federal regulators and Selkirk First Nation informed at all
times to ensure this rain event was closely monitored, was carefully managed and
that there would be no negative consequences to the natural environment. At no
time was the integrity of the dam used to retain water in the storage pond in
question, since it is designed to standards well above those related to recent
rainfalls.


Mine Access Road

Access to the Minto Mine from Whitehorse is via the Klondike Highway to Minto
Landing, where vehicle traffic crosses the Yukon River by barge in the summer
and ice bridge in the winter, before connecting to a 30km mine access road
leading to the Minto Mine site. The mine access road has one bridge, over Big
Creek, which has been the subject of flooding in prior years. The rapid rise in
water levels in Big Creek, over three meters in the past several days and two
metres in 24 hours, resulted in water overtopping the protective dykes designed
to keep water off the road in flood events. Water levels in Big Creek have
already started to recede and access to the mine is expected to be restored in
the next two days. While concentrate trucking has been temporarily suspended,
Sherwood already has a ship load of concentrates stored at the port of Skagway,
which is expected to be shipped out in the next few days. Trucking of
concentrates is expected to resume as soon as access is restored.


Mine site Water Levels

Given the dry summers and frozen winters in the Yukon, the Minto Mine has a
water storage pond designed to hold water for use in processing copper ores in
the dry seasons. After several weeks of essentially stable water levels, the
recent heavy rains resulted in very high run-off from the surrounding hills and
a 0.5 metre rise in water levels in the water storage pond in eight hours,
despite diverting all possible run-off water into the Phase 1 open pit (which
was not being used). MintoEx had been treating the water in the storage pond
over the past several weeks to reduce slightly elevated metal loadings prior to
discharge and had successfully reduced metal levels to well below Federal
discharge standards as set out in the Metal Mining Effluent Regulations
("MMER"), and was approaching the levels set out under the mine's Territorial
water licence. Given that the water diverted into the open pit is dirtier than
the already treated water in the storage pond, MintoEx applied to the Yukon
Water Board for permission to discharge water from the storage pond before
pumping out the open pit and mixing the dirtier water from the pit with the
treated water in the storage pond. MintoEx's application was supported by both
Federal and Territorial regulators and permission has been granted. It is
important to note that the water in the storage pond has been extensively tested
and has been demonstrated to be non-toxic to fish and meets MMER discharge
standards. Further, the considerable run-off below the Minto mine site will have
a significant dilutive effect on the water being discharged. The objective of
MintoEx's application to the Yukon Water Board was to allow for a reduction of
water levels in the storage pond to provide sufficient room in the pond for
continued precipitation over the remainder of the summer and fall, and for
storage of the water currently contained in the open pit.


Once water levels in the storage pond are reduced, MintoEx personnel will pump
out the water captured in the open pit and treat it before it is discharged.
MintoEx has a water treatment plant on site to ensure waters meet the
appropriate standards before discharge. Water levels in the open pit are below
the level of the current Phase 3 push-back and should not affect MintoEx's
ability to meet its mine production objectives. Milling operations have
continued throughout the recent days and there should be no affect on Sherwood's
production targets for the year. MintoEx continues to have air access to the
mine for its personnel and crew changes.


About Sherwood Copper

Sherwood Copper's current focus is 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 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

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 mineral resources, conversion of inferred mineral resources
to the measured and indicated categories, the realization of mineral reserve
estimates in mining, 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 metals; future currency exchange rates; conversion of
mineral resources to higher confidence levels or to mineral reserves; possible
variations in mineral reserves, grade or recovery rates; accidents, labour
disputes and other risks of the mining industry; changes in the legal or
regulatory regime affecting the Company's operations; 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, including those for the Current
Period, 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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