CARMACKS COPPER-GOLD BELT

The Minto Mine

The Minto Mine is a high grade copper-gold operation situated 240 km north of Whitehorse, Yukon with mill commissioning currently underway. It is owned 100% by Minto Explorations Ltd., a wholly owned subsidiary of Sherwood Copper Corporation. The Minto Mine is an open pit mining operation with conventional crushing, grinding, and flotation circuits which produce copper concentrates with significant gold and silver credits. Concentrates are to be exported via the port of Skagway, Alaska, to smelters in Asia for treatment and sale. Mine production is forecast to ramp up to full capacity during the third quarter of 2007.

Sherwood acquired the Minto Property and all other project interests in June 2005. Within two years from acquisition, Sherwood has upgraded the geological resources to reserve standards, completed a bankable feasibility study, arranged project financing, built a new mine which is currently being commissioned, and staffed it for production.

Access to Minto is via the Klondike highway to Minto Landing, where boat, barge or ice-bridge gives access across the Yukon River to the head of an all-weather, production standard gravel road constructed to the site.

For detailed information on Sherwood Copper Corp.’s Minto Mine, the reader is referred to the following link:

http://www.sherwoodcopper.com/s/MintoProject.asp?ReportID=188177

Resource Estimates

Minto Deposit:

Minto Deposit at 0.5% Copper Cut-off Grade: 

Reported July 10, 2006

The Main Zone contains a higher grade core and is the primary focus for planned mining operations, while the Other Zones are satellite mineralized zones located above and below the Main Zone, the shallower of which are partially to fully oxidized and will be stockpiled for possible later processing. Mineral Resources at different cut-off grades are summarized below and detailed in the attached table.

Main Zone of Minto Deposit at Different Copper Cut-off Grades: 

Reported July 10, 2006

 Mining will be focused on the high grade core of proven and probable reserves of 5.9 million tonnes grading 2.20% Cu, 0.80g/t gold and 9.1g/t silver. The grade averages for the first six years of production will be 2.4% Cu and 0.89g/t gold yielding 41m lbs Cu and 17,295 oz gold per year.

Area 2:

Area 2 Deposit at Different Copper Cut-off Grades: 

Reported July 10, 2006

last updated: Jul 31, 2008