Sherwood Reports Further High Grade Intercepts From Its Kutcho Copper Project

  Sherwood Copper Corporation (TSX VENTURE: SWC)(TSX VENTURE: SWC.DB) today announced the third batch of assay results from its 2008 drill program at the high grade Kutcho Copper Project, located in north-western British Columbia. This program is defining high grade mineralization in the "Main" deposit, one of three massive sulphide deposits identified at Kutcho, which Sherwood controls through its wholly owned subsidiary, Kutcho Copper Corp.

Highlights from this latest batch of eight holes are tabulated below, while complete results are attached. Results for previously reported holes are in news releases dated July 14 and September 2, 2008, which are available on the company's webpage.

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                 From     To Interval Interval  Copper  Zinc  Gold  Silver
Hole ID            (m)    (m)      (m)     (ft)     (%)   (%) (g/t)   (g/t)
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WK08-139        101.5  130.6     29.1     95.5    1.82  2.38  0.37    23.1
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 including      102.0  124.5     22.4     73.5    2.04  3.12  0.43    27.0
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WK08-140        108.2  129.1     20.9     68.6    1.67  2.33  0.26    24.2
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 including      108.2  115.0      6.8     22.3    2.18  4.27  0.32    30.8
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WK08-142        114.0  132.5     18.5     60.7    2.31  2.20  0.35    31.1
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 including      114.9  119.8      4.9     16.1    3.21  2.72  0.51    43.7
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WK08-143        122.1  134.4     12.3     40.3    2.20  3.25  0.37    39.5
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 including      122.1  130.4      8.3     27.2    2.81  4.63  0.45    51.2
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WK08-144        141.9  161.1     19.3     63.3    2.47  1.81  0.25    30.0
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 including      152.8  161.1      8.3     27.2    3.08  0.96  0.23    34.3
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 including      152.8  155.9      3.1     10.2    5.49  0.59  0.15    45.5
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"Drilling at the Kutcho Copper Project continues to deliver strong results, with excellent grades over significant thicknesses," said Stephen Quin, President and CEO of Sherwood Copper. "We appear to be successful in linking up high grade areas within the Main deposit, which should result in improved grades versus the previously reported resource estimate," he said. "Overall, the Main deposit is emerging as a robust, high grade, near surface copper resource with significant zinc, gold and silver by-products." The Main deposit is a volcanogenic massive sulphide deposit that outcrops in the south and dips at about 50 degrees to the north, the same direction as the hill side, which helps keep strip ratios modest.

2008 Drill Program

The 2008 drill program was designed to increase confidence levels within the Main deposit mineral resource, to infill gaps identified in the previous resource model and to test potential to expand and link up high grade areas within the Main deposit. A second priority is to provide ample sample material for an extensive metallurgical program, all in support of advancing the Kutcho Copper Project toward completion of a feasibility study.

Seventy-eight new holes (81 were collared but 3 were abandoned) were successfully completed within the Main deposit resource area in 2008, adding to the 221 existing holes upon which the recent NI43-101 indicated mineral resource (17.3 million tonnes grading 1.56% copper, 2.12% zinc, 0.29g/t gold and 26.1g/t silver) was based, as reported on June 12, 2008. Once all of the assay data from the 2008 program is received, an updated mineral resource estimate will be prepared. Geological modelling (in preparation for this NI43-101 compliant resource) is proceeding well and completion of the resource estimate is expected before the end of 2008. This updated estimate will include approximately 35% more drill holes than the previous estimate, including numerous new drill intercepts in the central and western portions of the Main deposit, where drill spacing has been cut approximately in half, providing much greater confidence in the resource estimate and in the continuity of the high grade mineralization therein.

2008 Drill Program Statistics

The 2008 drill program was completed in August 2008 with 9,905 metres of HQ-size core drilling in 81 holes (including 3 which were abandoned). Of the 78 completed holes, full assay results have now been received and announced for 55 holes, while final results are pending on the remaining 23 holes. Follow the link below to view a long section displaying the 2008 results released to date. All holes were drilled with HQ-size core to provide a larger assay sample for better statistical reliability and to provide ample material for metallurgical testing.

www.sherwoodcopper.com/i/pdf/2008-09-22KutchoMainDepositLongsection.pdf

Kutcho Copper Project

Sherwood views Kutcho's high grade, near surface copper resources, with their substantial by-product credits of zinc, silver and gold, as an opportunity to potentially develop an economically attractive open pit mining operation similar in scale to its Minto Mine. The previously announced PEA set out a base case for development of the Kutcho Copper Project by focusing on the Main deposit, but outlined a number of opportunities to materially enhance the merits of the project. Sherwood is continuing the process of optimizing the Kutcho Copper Project by focusing on these opportunities. Further, there is additional upside potential from the possible exploitation of underground resources not considered in the PEA and through the discovery of additional deposits in this prospective volcanogenic massive sulphide terrain.

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 operation, 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 substantially expanding the resource and reserve base, potentially supporting 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 north-western British Columbia. Sherwood expects to lever off its successful development of the Minto Mine by re-evaluating and optimizing the Kutcho Copper Project and advancing it to a production decision. Sherwood has also agreed to combine with Capstone Mining, subject to requisite shareholder and regulatory approvals, creating a new low cost, growth oriented copper producer with two high grade mines and a strong balance sheet.

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 for Sherwood Copper Corporation. The exploration activities at the Kutcho Project site are carried out under the supervision of Brad Mercer, P. Geol., and V.P. Exploration with Sherwood.

The analytical method for copper, zinc and silver includes aqua regia digestion followed by ICP-AES (atomic emission spectroscopy). If either copper or zinc reports over 2500ppm (0.25%), ore grade analysis is conducted for copper, zinc and silver. Gold is measured using fire assay followed by atomic absorption spectroscopy. When visible gold is noted in drill core samples or regular fire assay values exceed 5 grams per tonne, the pulp and screen metallic assay method is used to determine total gold content and gold content of different size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. The result of the pulp and screen metallic assay is accepted as the most representative value and used in the assay database for resource calculations. All analytical work is carried out by ALS Chemex in North Vancouver. Blanks and standard reference materials are used for quality assurance and quality control. If more than two check samples assay outside the expected ranges, the entire work order is re-assayed. After the completion of planned drill programs at Kutcho, random check assays will be carried out by Acme Analytical of Vancouver.

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

Forward Looking Statements

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.

                         Details of Drill Results
                         ------------------------
    To accompany Sherwood Copper News Release Dated September 22, 2008

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                 From     To Interval Interval  Copper  Zinc  Gold  Silver
Hole ID            (m)    (m)      (m)     (ft)     (%)   (%) (g/t)   (g/t)
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WK08-089 to 98             Previously Released on July 14, 2008
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WK08-099 to 132          Previously Released on September 2, 2008
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WK08-133         17.9   27.8      9.9     32.5    0.45  1.01  0.14    16.1
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WK08-134 to 135          Previously Released on September 2, 2008
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WK08-136         76.8   90.7     13.9     45.6    0.38  0.61  0.11     4.4
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 including       87.8   90.7      2.9      9.5    1.05  0.72  0.22    12.7
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WK08-137 to 138          Previously Released on September 2, 2008
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WK08-139        101.5  130.6     29.1     95.5    1.82  2.38  0.37    23.1
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 including      102.0  124.5     22.4     73.5    2.04  3.12  0.43    27.0
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WK08-140        108.2  129.1     20.9     68.6    1.67  2.33  0.26    24.2
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 including      108.2  115.0      6.8     22.3    2.18  4.27  0.32    30.8
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WK08-141         78.6   87.9      9.3     30.5    1.30  2.97  0.31    35.1
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 including       78.6   83.1      4.5     14.8    2.28  5.51  0.53    62.6
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WK08-142        114.0  132.5     18.5     60.7    2.31  2.20  0.35    31.1
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 including      114.9  119.8      4.9     16.1    3.21  2.72  0.51    43.7
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WK08-143        122.1  134.4     12.3     40.3    2.20  3.25  0.37    39.5
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 including      122.1  130.4      8.3     27.2    2.81  4.63  0.45    51.2
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WK08-144        141.9  161.1     19.3     63.3    2.47  1.81  0.25    30.0
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 including      142.4  155.9     13.5     44.3    2.84  1.97  0.23    31.5
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 including      152.8  161.1      8.3     27.2    3.08  0.96  0.23    34.3
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 including      152.8  155.9      3.1     10.2    5.49  0.59  0.15    45.5
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WK08-145 to 168                    Results are pending
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The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contacts: Sherwood Copper Corporation Stephen P. Quin Investor Contact [phone] Sherwood Copper Corporation Neil MacRae Investor Contact [phone] [phone] (FAX) Website: www.sherwoodcopper.com