A NORTHAIR GROUP COMPANY
SUITE
860 -
625 HOWE STREET VANCOUVER, BC V6C 2T6 CANADA
TEL: (604)
687-7545 FAX: (604) 689-5041
PRESS RELEASE
FOR IMMEDIATE
RELEASE
April 1,
2008 #08-13
Sherwood Makes Key
Appointments to its Board & Management
Appointments Strengthen Sherwood’s
Team
VANCOUVER, BRITISH COLUMBIA - Sherwood
Copper Corporation (SWC: TSX-V) today announced that it has made a number of
appointments; including Larry Bell to its Board of Directors, Brad Mercer as Vice President Exploration and
Randall Thompson as General Manager of the Minto Mine.
“I am
very pleased to be able to announce the appointment of Mr. Bell to
Sherwood’s Board of Directors,” said Stephen Quin, President &
CEO of Sherwood Copper. “His wealth of board, business and financial
experience, including several years as Chairman and Chief Executive Officer of BC
Hydro, will be a tremendous asset to Sherwood as it continues to grow its production base. Mr. Mercer’s
appointment as VP Exploration is in recognition of his and his team’s
tremendous exploration successes at the high grade Minto copper-gold mine, and
of his increased role now that the exploration aspects of the recently acquired
high grade Kutcho copper-zinc project
will be his responsibility. The appointment of Randall Thompson as
General Manager of the Minto Mine strengthens our team and adds a wealth of
operating experience that will be invaluable as we continue in our relentless
pursuit of value for that operation, focusing on continual improvements from the existing operation, and implementing
planned expansions resulting from exploration successes.”
Larry Bell,
Director
Mr. Lawrence
Bell has had an extensive career in public and private
positions. From 1987 to 1991, and from August 2001 to November 2003, Mr.
Bell was Chairman and Chief Executive Officer of BC Hydro, one of the largest
electric utilities in Canada.
Subsequent to this, he held the position of non-executive Chairman of BC Hydro
until 2007. Mr. Bell is a director of GrowthWorks Capital, International
Forest Products, Goldcorp, Shato Holdings and Silver Wheaton. Prior to
these positions, Mr. Bell was Chairman and President of the Westar Group and
Chief Executive Officer of Vancouver City Savings Credit Union. In British Columbia’s public sector, Mr. Bell serves
as Chair of the Canada Line Rapid Transit Project and has served as Deputy
Minister of Finance and Secretary to the Treasury Board, as well a Chair of the
University of British Columbia’s Board of Governors.
Mr. Bell is the recipient of numerous honours and awards.
Brad Mercer, VP Exploration
As
Exploration Manager since 2005, Brad Mercer
has led Sherwood’s exploration team, which is credited with discovering
the Area 2 and Area 118 high grade, copper-gold deposits at Sherwood’s
Minto project. For the past 24
years, Mr. Mercer has managed mineral exploration programs,
conducted project evaluations and
participated in feasibility work for both large and small mineral exploration
companies, including U.S. Borax and Chemical Corp., A.C.A. Howe Inc., Royal Oak
Mines Ltd. and Miramar Mining Corporation. His work has been focused in
the Americas, taking him
from Greenland to Patagonia where he has
enjoyed particular success leading teams that have opened up new exploration
potential and made new discoveries on properties
that were previously considered well
explored. In addition to successes at the Minto Project in the Yukon, Mr. Mercer is credited with the discovery of the
Moly Brook molybdenum deposit and the Unknown Brook gold deposit, both located
in Newfoundland.
Mr. Mercer graduated from Memorial University of Newfoundland in 1984 with a
Bachelor of Earth Science and he is a Professional Geoscientist registered with
the Association of Professional Engineers, Geologists and Geophysicists of the Northwest Territories. Mr.
Mercer’s appointment as VP Exploration is in recognition of his
leadership of Sherwood’s tremendously successful exploration team, and
his increased responsibilities now that he will also take on the exploration
aspects of the recently acquired Kutcho Project.
Randall Thompson,
General Manager of Minto Mine
Randall
Thompson joins Sherwood’s wholly owned subsidiary, Minto Explorations
Ltd., as General Manager of the Minto Mine. Mr. Thompson has 20 years
experience in mining operations, most recently as Operations Manager at the
Myra Falls Mine in BC. Mr. Thompson has spent his time in the mining
industry taking on progressively
more senior roles since starting as a miner at the Campbell Mine in Red Lake, Ontario.
He has excellent technical and organizational skills and is a team
builder. Mr. Thompson’s objectives will be to sustain and increase production at the Minto Mine, as well as to evaluate
opportunities for further expansions as exploration successes are brought to
account.
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 March 2008, Sherwood acquired more than 93% ownership in Western Keltic
Mines, owner of the high-grade Kutcho copper-zinc-gold-silver deposit in
northwestern British Columbia.
Sherwood aims to repeat its successful development of the Minto Mine at the
Kutcho project.
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
Investor Contacts:
Sherwood Copper:
Stephen P.
Quin 604.687-7545 or Brad Kopp
604-687-7545
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.