SUITE
860
- 625
HOWE STREET
VANCOUVER, BC
V6C 2T6 CANADA TEL:
(604) 687-7545 FAX: (604) 689-5041
PRESS RELEASE
FOR IMMEDIATE RELEASE
January 16, 2008
#08-02
Sherwood Copper Appoints Kevin Weston as Chief Operating
Officer
Focused on Production
Growth Opportunities at Minto Copper-Gold Mine & Possibly Kutcho
Creek
VANCOUVER, BRITISH
COLUMBIA - Sherwood Copper Corporation (SWC:
TSX-V) today announced the appointment of Kevin
Weston as Chief Operating Officer, responsible for all
operational activities of the Company.
?The
addition of Kevin Weston as Chief
Operating Officer significantly enhances our ability to pursue growth
opportunities for Sherwood Copper, internally and externally,? said
Stephen Quin, President &
CEO. ?Kevin brings a tremendous
amount of operating experience in a wide variety of operating environments to
Sherwood. His experience will be a
great asset as we look to continue the value enhancement of our high grade Minto
copper-gold mine in the Yukon through further expansions in reserves and production and, should our offer for
Western Keltic be successful, in the advancement of the Kutcho Creek
project in British
Columbia.?
Appointment of Chief Operating
Officer
Kevin Weston has been appointed Chief
Operating Officer with Sherwood Copper, effective immediately. Kevin?s career encompasses 25 years of
operating experience, most recently as Vice President & General Manager with
Breakwater Resources, responsible for the Myra Falls
base metal mine in British Columbia.
Prior to that, Kevin?s experience includes periods leading a contract
mining company, as a mining consultant and, most importantly, extensive
experience in mining operations, including managing gold and base metal mines in
Canada and abroad, in open pit and underground settings. These leadership positions built on
prior experience as mill superintendent, mine superintendent, mine foreman,
blasting engineer and mining engineer at a number of mining operations with
senior and junior mining companies.
Kevin will primarily be focused on Sherwood?s ?relentless
pursuit of value? through the on-going optimization and expansion of the Minto
Mine, the advancement of the Kutcho Creek property in BC, assuming Sherwood?s offer for Western
Keltic (see press release dated
November 26, 2007) is successful, as well as other external growth
opportunities.
Minto
Project
The Minto Mine encompasses a high-grade open
pit copper-gold deposit located in the Yukon Territory of Canada. Sherwood
acquired the Minto project in June
2005 and, in just two years from its acquisition, completed a bankable
feasibility study, arranged project
financing, and built a $100 million open pit copper-gold mine. Commercial
production commenced on October 1,
2007. In parallel with these development
activities, Sherwood has been running an exceptionally successful exploration
program that has resulted in multiple
discoveries of high grade copper-gold mineralization across its Minto Mine
property.
Sherwood
Sherwood?s successful
consolidation of the ownership of the Minto Project provides a unique investment
opportunity ? participation in a high-grade, open pit copper-gold mine located
in Canada with tremendous exploration
potential on the property.
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?
Stephen P.
Quin
President &
CEO
For further
information please contact Stephen
Quin, President of Sherwood Copper
Corp.
or Brad Kopp or Kristy
Reynolds at (604) 687-7545 or (888) 338-2200
** INTERNET ADDRESS: www.sherwoodcopper.com
**
The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
press release. 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.nort