Sherwood Intersects High Grade Copper-Gold Mineralization at Area 118 & Area 2, Minto Mine
3.1% Copper over 15m at Area 2; 3.4% Copper over 9.1m and 3.3% Copper over 6.6m at Area 118

Sherwood Copper Corporation (TSX VENTURE: SWC) today announced that the 2007 exploration drill program at its high grade Minto copper-gold mine in the Yukon is complete, with 102 holes drilled in 2007. Results for 56 holes have now been released and the results for 46 additional holes are pending due to backlogs in the assay lab. Highlights from the latest batch of results received include confirmation of a higher grade core within the recently discovered Area 118 deposit, as well as high grade intercepts where the Area 118 and Area 2 deposits meet. Highlights of the results are tabulated below, while complete results for the latest nine holes are attached.


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                                        Inter- Inter-
Hole             Interval  From     To    val    val  Copper  Gold  Silver
ID      Target   ID          (m)    (m)    (m)   (ft)     (%) (g/t)   (g/t)
--------------------------------------------------------------------------
07SWC-  Area 2 / Interval 187.7  190.8    3.1   10.2    3.77  1.46    21.4
 220    Area 118 O
--------------------------------------------------------------------------
                 Interval 244.1  259.1   15.0   49.2    3.09  1.03    10.1
                 P
--------------------------------------------------------------------------
               Including  244.1  249.5    5.4   17.7    4.29  1.38    13.5
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-  Area 118           32.6   36.2    3.6   11.8    2.12  0.50     6.0
 226
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                 118M     156.2  165.3    9.1   29.9    3.40  0.87     9.3
--------------------------------------------------------------------------
               Including  160.6  165.3    4.7   15.4    5.33  1.33    15.3
--------------------------------------------------------------------------
                 118M     175.7  182.3    6.6   21.7    3.33  0.82    11.1
                 Splay
--------------------------------------------------------------------------
               Including  178.7  181.1    2.4    7.9    4.44  0.87   11.65
--------------------------------------------------------------------------

"This has been another great year of discovery at Sherwood's high grade Minto copper-gold mine in the Yukon," said Stephen Quin, Sherwood's President & CEO. "Our exploration team continues to deliver successes and these high grade intersections at the Area 118 and Area 2 discoveries are particularly encouraging, given their proximity to the potential development at Area 2. Our objective is to have an independent pre-feasibility study on Area 2 and a further mill expansion issued in November 2007. The pre-feasibility study is based on the Area 2 resources as we knew them at the end of 2006. Our 2007 exploration results indicate that there could be significant opportunities for upside beyond what will be defined in the study, once we update our resource estimates and follow up on some of our 2007 discoveries in 2008."

Sherwood will report the remainder of the 2007 drill results over the next 2-3 months, as they become available, and will use this information to complete new NI 43-101 compliant mineral resource estimates and lay out the priorities for a significant 2008 exploration program to follow up on the exciting 2007 discoveries. "Our 2007 program has opened up some significant new exploration opportunities with considerable upside potential and, most importantly, we have laid the ground work for a very interesting 2008 when we will see where we can take these new discoveries," said Mr. Quin.

2007 Drill Program

At 23,618 metres of drilling, the 102-hole campaign was more than 40% larger than originally budgeted, a direct result of the significant discoveries made during 2007. Results for 56 holes have now been released and those for 46 additional holes are pending as a result of backlogs in the assay lab.

The objective for the 2007 exploration program was partly to more fully define the limits of the Area 2 deposit and provide technical information for the pre-feasibility study, but mostly to broadly test a wide swath of the Minto property to the south and west of, and between, the Minto and Area 2 deposits. These are all areas where prior drilling, geophysics and Sherwood's geological interpretation suggested potential for the discovery of further high grade copper-gold mineralization.

In the 2007 program, ten holes were drilled for geotechnical and metallurgical purposes; five in the Minto pit and five at the Area 2 deposit, while 92 holes were drilled for exploration purposes. Significant new discoveries were made in the Area 118, Copper Keel and Airstrip areas, and in the Gap between the Minto Mine and Area 2. All of these prospects are discussed in more detail in the March 5, 2007 news release and are identified on the accompanying maps:

To view 2007-10-30 Priority Exploration Corridor map click on the following link: http://www.ccnmatthews.com/docs/PEC.jpg

To view 2007-09-25 Gradient Array IP Chargeability map click on the following link: http://www.ccnmatthews.com/docs/GAC3.jpg

This release includes assay results for exploration holes at Area 2 (3 holes), Area 118 (1 hole), Airstrip SW (3 holes) and two geotechnical holes at Area 2. For current drill hole locations, please view the accompanying map:

To view 2007-10-30 Drill Hole Location map click on the following link: http://www.ccnmatthews.com/docs/DHLM.jpg

Minto Project

The Minto Mine is 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.

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., Exploration Manager with Sherwood.

The analytical method for the copper, gold and silver analyses is multistage acid digestion of the samples followed by atomic absorption spectroscopy for copper and fire assay with atomic absorption spectroscopy finish for gold and silver carried out by ALS Chemex in North Vancouver. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and screen metallic assay method is used to determine the total gold content and gold contents of different size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database for resource calculations. Blank and standard samples are used for quality assurance and quality control, and any check samples that assay outside the expected ranges results in the entire batch being re-assayed. After the completion of planned drill programs at Minto, random check assays will be carried out by Acme Analytical of Vancouver.

Assay intervals reported herein are drill core lengths unless otherwise stated. Because the deposit is 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.

SHERWOOD COPPER CORPORATION

Stephen P. Quin, President & CEO

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.


2007 Drill Statistics - Minto Property

---------------------------------------------------------------------------
                   Phase I   Phase II      Total             Status
---------------------------------------------------------------------------
Drill Area and       Feb -      May -               Assay Data   Assay Data
Type of Hole         April        Oct       2007      Released      Pending

---------------------------------------------------------------------------
Exploration Holes
---------------------------------------------------------------------------
Airstrip SW              0         11         11             5            6
---------------------------------------------------------------------------
Airstrip C.              0          2          2             0            2
---------------------------------------------------------------------------
Area 2                   0          8          8             8            0
---------------------------------------------------------------------------
Area 118                 0         29         29            15           14
---------------------------------------------------------------------------
Copper Keel S.           0          4          4             1            3
---------------------------------------------------------------------------
Gap                      6          0          6             6            0
---------------------------------------------------------------------------
IROD                     0          4          4             4            0
---------------------------------------------------------------------------
Ridgetop E               0         25         25             7           18
---------------------------------------------------------------------------
Ridgetop W               0          3          3             0            3
---------------------------------------------------------------------------
                   --------------------------------------------------------
                         6         86         92            46           46
---------------------------------------------------------------------------
Geotech / Met Holes
---------------------------------------------------------------------------
Area 2                              5          5             5            0
---------------------------------------------------------------------------
Minto                    5                     5             5            0
---------------------------------------------------------------------------
                   --------------------------------------------------------
                         5          5         10            10            0
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Summary All Holes
---------------------------------------------------------------------------
# of Holes              10         92        102            56           46
---------------------------------------------------------------------------
# of Metres          2,701     20,917     23,618
---------------------------------------------------------------------------

Details of Drill Results
To accompany Sherwood Copper News Release Dated October 29, 2007

--------------------------------------------------------------------------
                                    Inter-  Inter-
Hole ID     Interval  From     To     val     val   Copper   Gold   Silver
& Target    ID          (m)    (m)     (m)    (ft)      (%)  (g/t)    (g/t)
--------------------------------------------------------------------------
07SWC-169               Holes 07SWC-169 To 07SWC-195 Previously Released
 to 195
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-196   Geotech-  96.8  106.6     9.8    32.1     0.68   0.07      2.0
            nical                      (i)
--------------------------------------------------------------------------
"Area 2"
--------------------------------------------------------------------------
07SWC-197               Holes 07SWC-197 To 07SWC-200 Previously Released
 to 200
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-201   Geotech-  32.1   57.9    25.8    84.6     0.66   0.12      1.9
            nical                      (i)
--------------------------------------------------------------------------
"Area 2"              92.0  109.7    17.7    58.1     1.02   0.24      3.9
                                       (i)
--------------------------------------------------------------------------
           Including  92.0   95.4     3.4    11.1     2.16   0.54     10.9
                                       (i)
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-202               Holes 07SWC-202 To 07SWC-210 Previously Released
 to 210
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-211   Interval  80.7   97.2    16.5    54.1     0.47   0.03      0.9
            L
--------------------------------------------------------------------------
"Area 2"    Interval 142.6  147.2     4.6    15.1     0.84   0.41     3.26
            M
--------------------------------------------------------------------------
                     265.4  277.5    12.1    39.7     0.63   0.19      1.7
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-212               Holes 07SWC-212 To 07SWC-217 Previously Released
 to 217
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-218             61.9   67.7     5.8    19.0     1.12   0.11     2.52
--------------------------------------------------------------------------
"Area 2"             135.7  142.9     7.2    23.6     1.18   0.41      4.7
--------------------------------------------------------------------------
                     261.3  264.8     3.5    11.5     1.16   0.25     4.52
--------------------------------------------------------------------------
                     301.7  317.0    15.3    50.2     0.81   0.21      2.4
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-219            183.3  199.8    16.5    54.1     0.43   0.07      1.0
--------------------------------------------------------------------------
"Airstrip SW"
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-220             65.9   98.8    32.9   107.9     0.43   0.09      1.1
--------------------------------------------------------------------------
"Area 2"             187.7  190.8     3.1    10.2     3.77   1.46     21.4
--------------------------------------------------------------------------
                     244.1  259.1    15.0    49.2     3.09   1.03     10.1
--------------------------------------------------------------------------
          Including  244.1  249.5     5.4    17.7     4.29   1.38     13.5
--------------------------------------------------------------------------
                     276.9  300.8    23.9    78.4     0.66   0.17      2.4
--------------------------------------------------------------------------
          Including  290.2  299.4     9.2    30.2     0.95   0.27     3.61
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-221               ASSAYS PENDING
--------------------------------------------------------------------------
"Airstrip SW"
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-222               ASSAYS PENDING
--------------------------------------------------------------------------
"Area 118"
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-223          Geochemically anomalous - no significant intersections
--------------------------------------------------------------------------
"Airstrip SW"
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-224               ASSAYS PENDING
--------------------------------------------------------------------------
"Area 118"
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-225            175.8  194.0    18.2    59.7     0.64   0.08      1.0
--------------------------------------------------------------------------
"Airstrip Including  183.4  190.9     7.5    24.6     0.82   0.10      1.4
 SW"
--------------------------------------------------------------------------

--------------------------------------------------------------------------
07SWC-226             32.6   36.2     3.6    11.8     2.12   0.50      6.0
--------------------------------------------------------------------------
"Area118"             51.3   55.4     4.1    13.4     0.95   0.17      2.8
--------------------------------------------------------------------------
                      83.2   95.5    12.3    40.3     0.46   0.06      1.2
--------------------------------------------------------------------------
            Area118M 156.2  165.3     9.1    29.9     3.40   0.87      9.3
--------------------------------------------------------------------------
          Including  160.6  165.3     4.7    15.4     5.33   1.33     15.3
--------------------------------------------------------------------------

--------------------------------------------------------------------------

            Area118M 175.7  182.3     6.6    21.7     3.33   0.82     11.1
             Splay
--------------------------------------------------------------------------
          Including  178.7  181.1     2.4     7.9     4.44   0.87    11.65
--------------------------------------------------------------------------

(i) These holes were angled to collect geotechnical data for pit wall
    design for the Area 2 pre-feasibility study. The estimated true
    thickness is approximately 85% of the core interval.


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


Contacts:
Sherwood Copper Corp.
Stephen Quin
President
(604) 687-7545 or 1-888-338-2200

Sherwood Copper Corp.
Brad Kopp
(604) 687-7545 or 1-888-338-2200

Sherwood Copper Corp.
Kristy Reynolds
(604) 687-7545 or 1-888-338-2200
Website: www.sherwoodcopper.com

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