Sherwood Copper Corporation

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

PRESS RELEASE

FOR IMMEDIATE RELEASE 

September 2, 2008                                                                                                                                                                                                                                #08-34

Sherwood Reports Multiple High Grade Intercepts from its Kutcho Copper Project

Results include 5.1% copper, 1.8g/t gold and 143g/t silver over 8.0m in WK08-128 and

 4.1% copper, 2.7g/t gold and 94g/t silver over 8.2m in WK08-130

VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation (SWC: TSX-V) today announced the second batch of high grade assay results from the 2008 drill program at its Kutcho Copper Project located in north-western British Columbia.  The 2008 drill program was designed to advance the Kutcho Copper Project towards completion of a feasibility study by better defining the high grade mineralization in the ?Main? deposit, one of three massive sulphide deposits identified at the Kutcho Copper Project, which Sherwood controls through its wholly owned subsidiary, Kutcho Copper Corp.  Highlights from this latest batch of results are tabulated below, while complete results for 36 new holes are attached.  Results for the first batch of 13 holes were reported on July 14, 2008.

?The results of the 2008 drill program at the Kutcho Copper Project have so far exceeded our expectations,? said Stephen Quin, President and CEO of Sherwood Copper. ?From the results received to date, it would appear that the high grade mineralization has better continuity and is more extensive than previous drilling suggested and this bodes well for an updated resource model, once completed, and for enhanced project economics.?

2008 Drill Program

The 2008 drill program was undertaken in order to increase confidence in the mineral resources that comprise the bulk of the Main deposit, to infill gaps identified in the previous resource model for the Main deposit, to test potential along open high grade trends within the Main deposit and 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 of 17.3 million tonnes grading 1..56% copper, 2.12% zinc, 0.29g/t gold and 26.1g/t silver was calculated (reported June 12, 2008).  Once all of the assay data from the recently completed drill program is received, an updated resource estimate will be prepared, with completion 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 from 2007 spacing, providing much greater confidence in the resource estimate and in the continuity of the high grade mineralization therein.

The Main deposit is one of three known mineral deposits comprising the Kutcho Copper Project and was the subject of a Preliminary Economic Assessment (?PEA?), the results for which were announced on June 12, 2008.  The PEA identified a number of opportunities to significantly enhance the project economics versus those set out in the base case in the PEA, including increasing the grade of the Main deposit by improving the continuity of the high grade mineralization, increasing the quantity of resources extracted as part of the proposed production model and improving the metallurgical recoveries, amongst others.  The 2008 drill program is a significant step towards meeting these objectives.

A metallurgical program is already underway at SGS Lakefield, with initial testing utilizing core drilled in prior years and stored at Lakefield.  Once the updated resource estimate and the initial metallurgical testing are complete, the core generated from the 2008 drill program will be used for continued testing in support of a feasibility study.  This new resource model and metallurgical test work, combined with other activities being undertaken to optimize will be used to design a ?fit for purpose? mining and processing operation for the Kutcho Copper Project that maximizes value to Sherwood?s shareholders.

2008 Drill Program Statistics

The 2008 drill program was completed in August 2008 with 9,877 metres of HQ-size core drilling in 81 holes (including 3 that were abandoned).  Full assay results have now been received and announced for 49 holes, while final results are pending on the remaining 29 holes.  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.

Discussion of Results

One of the main objectives of the 2008 program was to infill the gaps in drilling in the previous resource in order to demonstrate continuity of high grade copper mineralization across sparsely drilled areas and to test for up and down dip extensions in high grade areas. Notable successes include:

Section 7,860E ? Holes WK08-103; WK08-105 (previously released) & WK08-107

The first two holes show continuity of high grade in a gap in the sections, while WK08-107 is a down dip extension of this high grade.

Section 7,800E ? Holes WK08-118; WK08-121 & WK08-123

These three holes cover another gap in the previous resource area, with exceptional results: two of these three holes rank among the best results to date (see highlight table above).  Hole WK-123 shows the mineralization to be continuing down dip at moderate copper grades.

Section 7,680E ? Hole WK08-134 & WK08-137

These two holes successfully extend the high grade copper mineralization up-dip, closer to surface

Section 7,510E ? Hole WK08-122

This hole extends moderate grade copper mineralization up-dip over the entire width of the zone but includes much higher copper grades over a significant subinterval of 6.3m.

Section 7,380E ? Hole WK08-128

This hole extends very high grade copper mineralization (see highlight table above) up-dip, to less than 40 metres below surface, in one of two areas identified in the PEA as a potential starter pit area.

Section 7,330E ? Hole WK08-130; WK08-132 & WK08-138

Drilling on this section extends very high grade copper mineralization up-dip very close to surface (see WK08-130 in highlight table above) and moderate to high grade mineralization down dip into a significant gap in the previous drilling.

It should also be noted that the results from hole WK08-108 on section 537,740E were disappointing; the horizon pinches at this location and the copper grade drops to less than half of what the up-dip and down-dip holes intersected.  Nevertheless, the overall results of the 2008 drilling reported to date are significantly to the positive versus what was previously reported.

The results in tables in this news release are reported as intersected intervals.  However, because of the moderate dip of the Kutcho Main Zone and the angle of the drill holes, most of the intercepts are at or near true thickness.  Copper results to date are also presented on a coloured long-section accompanying this press release, where copper mineralization is depicted as a multiple of grade and true thickness to reduce any bias from the steeper dipping holes.  It is important to note that this long-section is a depiction of mineralization generally used to guide exploration drilling; it is not a projection of a mineral resource nor should it be used to predict future gains or losses in any resource estimation.

See attached long section at: www.sherwoodcopper.com/i/pdf/2008-09-02KutchoMainDepositLongsection.pdf. Note that the contouring has been updated to incorporate the results of the 2008 drilling released to date.

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 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 northwestern 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.

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

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?

Stephen P. Quin

President & CEO

Investor Contacts:

Stephen P. Quin 604.687-7545 or Neil MacRae 604-687-7545

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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 2, 2008