SUITE 860 - 625 HOWE STREET Ÿ VANCOUVER, BC  Ÿ V6C 2T6  CANADA Ÿ TEL: (604) 687-7545  FAX: (604) 689-5041

PRESS RELEASE

FOR IMMEDIATE RELEASE

February 15, 2008                                                                                                               #08-06

Sherwood Announces $7.2 million Flow-through Financing

Proceeds to be used for exploration at Kutcho Project and Minto Mine

Not for distribution to United States newswire services or for dissemination in the United States

VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation (SWC: TSXV) today announced that it intends to complete a non-brokered private placement of up to 1,200,000 flow through shares priced at C$6.00 for aggregate proceeds of C$7,200,000.  Proceeds will be used to incur Canadian Exploration Expenditures in advancing the high grade Kutcho copper-zinc project of Western Keltic Mines Inc. ("Western Keltic") in British Columbia towards a production decision and at the Minto Mine in the Yukon.  Sherwood recently acquired control of Western Keltic, as announced February 11, 2008. 

?This financing will provide the necessary funds to begin advancing the Kutcho project towards a production decision,? said Stephen Quin, President & CEO of Sherwood Copper.  ?In addition to an infill drill program designed to upgrade the current resource, feasibility related work will commence shortly with the objective of defining a robust, low cost mining operation,? he added.  ?In parallel, Sherwood will shortly be commencing its 2008 exploration program at the Minto Mine, with the objective of following up on its exploration successes from 2007.? 

The offering is scheduled to close on or about March 4, 2008 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange, and other applicable securities regulatory authorities. 

The securities being offered have not and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States or to U.S. persons without registration unless an exemption from registration is available.  This news release does not constitute an offer for sale of securities in the United States.

About Sherwood Copper

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 upside.  Aggressive exploration, in parallel with successful mine development and operations, provides Sherwood the opportunity to grow from within through resource and reserve additions in pursuit of further production expansions.  Sherwood plans to continue this "growth from within" strategy, along with further operational optimizations and the pursuit of merger & acquisition opportunities, in its relentless pursuit of value.

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

or Investor Relations 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, completion of the proposed financing and the use of proceeds thereof, 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.