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Sherwood Copper Corporation

Tuesday, February 12th, 2008

Sherwood Copper Corporation announce that 70,486,897 common shares of Western Keltic Mines Inc. (representing approximately 85.6% of Western Keltic’s issued and outstanding common shares) were validly deposited to the offer of Sherwood for all of the outstanding common shares of Western Keltic and not withdrawn as at 5:00 p.m. (Toronto time) on February 11, 2008. This result represents overwhelming support for the Offer and Sherwood has taken up and accepted for payment all of such shares tendered. Sherwood intends to issue Sherwood common shares in payment for the tendered Western Keltic common shares on or before February 14, 2008.
Offer for Remaining Shares Extended
In order to allow for the remaining Western Keltic Shares to be tendered to the Offer, Sherwood has extended its Offer to acquire all of the remaining Western Keltic shares for 0.08 of a common share of Sherwood for each Western Keltic Share to 5:00 p.m. (Toronto time) on February 21, 2008. This extension will also permit holders of certain warrants, options and other similar securities of Western Keltic to exercise their warrants, options and similar securities and tender their Western Keltic common shares to the Offer, thereby facilitating the ability of those holders to receive Sherwood common shares.
A Notice of Extension has been filed with Computershare Investor Services Inc., the Depositary under the offer. The Notice of Extension will be mailed to Western Keltic shareholders and will be filed with the applicable securities regulators in Canada.
Early Warning Requirements under Applicable Securities Laws
As a result of the taking up and acceptance of payment of the Western Keltic Shared deposited to the Offer, Sherwood has acquired an aggregate of 70,486,897 common shares of Western Keltic, which represents approximately 85.6% of the outstanding common shares of Western Keltic. At present, Sherwood has extended its takeover bid for all of the outstanding common shares of Western Keltic and intends to acquire 100% of the outstanding common shares of Western Keltic subject to the terms and conditions set out in Sherwood’s Offer and Take-Over Bid Circular. A copy of the early warning report filed pursuant to the applicable securities legislation is available online at www.sedar.com under Western Keltic’s profile or may be obtained by contacting Sherwood at 860-625 Howe Street Vancouver, BC V6C 2T6, tel (604) 687-7545, fax (604) 689-5041.

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