Sherwood Reports New Copper-Gold Discovery at Minto Mine and Possible Linkage to Area 2

Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) today
confirmed the discovery of a potentially significant new high grade copper-gold
zone at its Minto Mine in the Yukon. The "Copper Keel" discovery is located less
than 800 metres southeast of the open pit currently being mined on the Main
deposit, and less than 200 metres east of the proposed Area 2 open pit. Drill
hole 08SWC-389 confirms and links up high grade copper-gold mineralization
intersected in earlier holes along the Copper Keel trend and returned some of
the best grades and thicknesses yet. Highlights from this hole are summarized in
the table below, while previously announced significant intersections from the
Copper Keel trend are detailed in the subsequent table and discussed below.




Highlights from 08SWC-389

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                                       Inter- Inter-
                           From     To   val    val  Copper   Gold  Silver
Hole ID     Target Area      (m)    (m)   (m)   (ft)     (%)  (g/t)   (g/t)
--------------------------------------------------------------------------
08SWC-389  "Copper Keel"  188.3  212.8  24.5   80.4    2.07   0.86     7.5
--------------------------------------------------------------------------
 including                188.3  196.9   8.6   28.2    2.65   1.11     8.1
--------------------------------------------------------------------------
  and                     203.7  212.8   9.1   29.9    3.07   1.27    12.3
--------------------------------------------------------------------------
 including                203.7  208.1   4.4   14.4    3.41   2.30    15.7
--------------------------------------------------------------------------



"The Copper Keel copper-gold discovery associated with a large magnetic anomaly
lies east of the Area 2 deposit and, based on wide spaced drilling, could
represent an extension of the deeper mineralization at Area 2, subject to
confirmation with additional drilling," said Stephen Quin, President & CEO of
Sherwood Copper and Minto Explorations Ltd. "The mineralized intercepts in hole
08SWC-389, the last hole drilled in the 2008 program, are significant from a
grade and a thickness perspective and this hole also indicates potential
continuity of high grade copper-gold mineralization over a wide area." Further
drilling at Copper Keel, in a target area measuring more that 600m by 300m, will
be a priority when drilling resumes in early 2009. Additional drilling is also
being planned for early 2009 at Ridgetop, where the thick, near surface zone of
medium grade copper-gold mineralization discovered in 2007-08 remains open to
expansion.


Discussion of Drilling in the Region of Copper Keel and Area 2

Sherwood is confident that the results from hole 08SWC-389 appear to link up
several intercepts within the Copper Keel trend, suggesting potential for a
large, high grade deposit in the area. The dimensions of the Copper Keel target
is further supported by a magnetic anomaly measuring more than 600m by 230m in
extent, nearly double the aerial extent of the magnetic anomaly associated with
the Main deposit, which is currently being mined. All of the known near surface
deposits on the Minto Mine property, including the Main deposit, Area 2, Area
118 and Ridgetop, are associated with distinct magnetic anomalies as a result of
the strong magnetite association with high grade copper-gold mineralization. The
presence of an extensive magnetic anomaly, along with high grade mineralization
in wide spaced drill holes, suggests a significant target at Copper Keel. See
the previously reported intercepts from the Copper Keel and adjacent areas
listed below.




Highlights of Previously Released Holes in Copper Keel / Area 2 Region

--------------------------------------------------------------------------
                                       Inter- Inter-
                           From     To   val    val  Copper   Gold  Silver
Hole ID     Target Area      (m)    (m)   (m)   (ft)     (%)  (g/t)   (g/t)
--------------------------------------------------------------------------
06SWC-164  "Copper Keel"  175.7  181.4   5.7   18.7    1.92   0.48     7.5
--------------------------------------------------------------------------
06SWC-312  "Copper Keel"  234.2  245.8  11.6   38.1    2.13   0.80     7.9
--------------------------------------------------------------------------
06SWC-319  "Area 2"       232.2  243.7  10.5   34.4    0.70   0.28     3.6
--------------------------------------------------------------------------
06SWC-322  "Area 2 East"  251.7  255.3   3.6   11.8    3.14   1.51    18.1
--------------------------------------------------------------------------



These intercepts, and that in hole 08SWC-389 lie at depths of +/- 200m below
surface, or approximately 40 metres below the open pit depths currently
contemplated for the Area 2 deposit. Based upon very wide spaced drill holes,
Cooper Keel also appears to link up with the high grade intercepts under the
proposed Area 2 pit and the high grade intercepts at Area 118, indicating
potential continuity over approximately 1km in an east - west direction.
Previously referred to as the "O" "P" and "Q" horizons, these deeper horizons at
Area 2 are not currently contemplated for open pit mining, despite some very
high grade intercepts (including 6.0m grading 5.3% copper and 3.0g/t gold in
hole 06SWC-75, 14.2m grading 2.5% copper and 0.95g/t gold and 6.9m grading 2.9%
copper and 0.9g/t gold in hole 06SWC-85 plus multiple other high grade
intercepts at Area 118). The previous operator, ASARCO, had also intersected
5.3% copper and 2.61g/t Au over 7.6m in hole A137-74 in this same area.


Combined, the deeper, high grade O, P and Q zones under Area 2, the deeper high
grade mineralization at Area 118 and the newly discovered Copper Keel high grade
mineralization represents a large and attractive target that is potentially
extractable by low cost underground, bulk mining methods given relatively
shallow depths (approximately 180-200m below the valley floor) and flat lying
geometry within competent host rock. The presence of these high grade deeper
zones has always suggested potential for some component of future production at
Minto coming from underground mining, likely in parallel with open pit
operations. However, given the excellent grades, improved continuity and
excellent geometries of these deeper high grade horizons, Sherwood plans to step
up the exploration and evaluation of this underground potential sooner. The high
copper grades, good thicknesses and flat geometry of these deeper horizons
offers flexibility in mill feed sources if developed in parallel with the
planned open pits, supplementing open pit production with high grade underground
production, and could potentially justify reducing strip ratios in existing and
planned new open pits by accessing some of the more marginal deeper production
from underground instead.


For current drill hole locations, please view the accompanying map:

http://www.sherwoodcopper.com/i/pdf/2008-11-04CopperKeelTargetMap.pdf

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 expects to lever off its successful development of the Minto
Mine and rapidly advance the Kutcho project 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 Minto project site are carried
out under the supervision of Brad Mercer, P. Geol., V.P. Exploration for
Sherwood.


The analytical method for copper and silver performed by SGS Laboratories under
a contract arrangement at the Minto Mine Site, Yukon includes digestion in aqua
regia followed by absorption spectroscopy. Gold is measured using fire assay
with atomic absorption spectroscopy; analysis is performed by SGS Laboratories
at Red Lake, Ontario. When visible gold is noted in drill core samples or
regular analytical 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. Blank and
standard samples are added to all sample shipments prior to submittal to the lab
for quality assurance and quality control. If more than two check samples assay
outside of expected ranges, the work order is re-assayed. After the completion
of planned drill programs, random check assays will be carried out by ALS Chemex
of North Vancouver, BC.


Assay intervals reported herein are drill core lengths unless otherwise stated.
Because the known deposits are essentially flat lying and most drill holes
reported to date are vertical, true widths are generally expected to be the same
as reported core lengths unless otherwise stated.


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
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