SWC Sherwood Copper Com Npv

Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) today
announced that the Government of Yukon, Department of Energy, Mines and
Resources, has approved an amendment to its Quartz Mining License that permits
an increase in the approved mining rate and mill throughput for its high grade
Minto copper-gold mine located in the Yukon. This approval follows a designated
office assessment under the Yukon Environmental and Socio-economic Assessment
Act. The permit amendment permits Sherwood's wholly owned subsidiary, Minto
Explorations Ltd. ("MintoEx"), to mine and process ore from the Minto Main
deposit at an annualized average rate of 3,200 tonnes per day (tpd) of ore, an
increase of 28% over the previous limit of 2,500 tpd. No other approvals are
required and Sherwood is targeting the implementation of the higher throughput
rate by year-end 2008. Capital requirements are minimal.


MintoEx applied for a Phase 3 increase in mining and milling rates to 3,200 tpd
of ore on April 30, 2008 as an interim step to a broader amendment application
that would encompass the mining of the Area 2 deposit (as set out in the
Pre-feasibility Study, the results of which were announced on December 12, 2007)
and possibly other deposits, such as Area 118 and Ridgetop, at the high grade
Minto copper-gold mine. Such an application will almost certainly include a
further increase in the rate of mining and processing of ore. However, this
interim step allows Sherwood to mine the fully permitted Main deposit on an
accelerated basis while it is addressing the more comprehensive application for
the mining and processing of ore from new areas.


"Sherwood appreciates Yukon's regulators and Selkirk First Nation's expeditious
review of our application to increase our mining and processing rate for the
high grade main pit at the Minto Mine," said Stephen Quin, President & CEO. "By
grinding the ore coarser (which testing shows should not negatively affect
recoveries) and spending less than $3 million in capital, we hope to be
processing at a rate 28% higher than previously forecast throughout 2009, and
beyond," he said. "We are now turning our focus to the preparation and filing of
a larger permit amendment application to allow mining and processing of other
high grade-copper gold deposits discovered and defined at the Minto Mine, which
application will be filed as soon as all of the required information required is
available."


Capital expenditures to implement the Phase 3 mill expansion are estimated to be
less than $3 million and were included in the new capital expenditures
previously announced on July 22, 2008. The increased plant throughput can
largely be handled by the existing process facilities as a result of better than
forecast performance of the existing plant, combined with coarser grinding that
enhances equipment performance. The principal plant modifications, aside from
minor piping and pumping changes to increase capacity, include the addition of
new concentrate thickener to handle the larger volumes of concentrate and
crusher modifications to increase throughput and availability.


A new production schedule, including the previously announced rescheduling of
the open pit and processing at 3,200 tpd of throughput, will be outlined in a
technical report expected to be filed on SEDAR before the end of July 2008.


About Sherwood Copper

Sherwood Copper'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
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 (now Kutcho Copper Corp.), owner
of the high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British
Columbia. Sherwood intends to lever off its successful development of the Minto
Mine and advance the Kutcho project to a production decision.


Quality Assurance

The technical information in this news release has been prepared in accordance
with Canadian regulatory requirements set out in National Instrument 43-101 and
reviewed by Stephen P. Quin, P. Geo., President & CEO and Kevin Weston, Chief
Operating Officer for Sherwood Copper Corporation.


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

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.

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