Wilmington Announces Acquisition of Interest in Assets in the Shackleton Field in Saskatchewan

Wilmington Capital Management Inc. ("Wilmington") (TSX:WCM.A)(TSX:WCM.B)
announced today that through a limited partnership in which Wilmington has an
interest (the "Partnership") it has acquired (the "Acquisition") a 59% indirect
interest in a 100% working interest in certain petroleum and gas assets in the
Shackleton Field in Saskatchewan and related assets (the "Assets"). The
aggregate cost of the Assets, including closing costs, will amount to
approximately $19.8 million and is funded by a combination of cash and debt.
Wilmington's share of the cash consideration to complete the Acquisition is
$6,215,000 which is being funded by providing cash for subscription units in the
Partnership. The remaining 40% indirect interest will be acquired by four other
investors in equal amounts and their share of the cash consideration to complete
the Acquisition is $4,285,000 which is being funded by providing cash for
subscription units in the Partnership.


In connection with the Acquisition, the Partnership has also entered into a
credit facility (the "Credit Facility") with a Canadian bank in the amount of
$9,000,000 of which $8,500,000 was drawn to fund the Acquisition. The Credit
Facility is secured by the Assets.


The Assets will be professionally managed by Airwell Services 2011 Ltd. (the
"Manager"), an entity whose purpose is to provide management services to the
Partnership. Wilmington has a 51% direct interest in the Manager. The remaining
49% interest is held by another entity.  


Wilmington believes the Acquisition is in keeping with its new strategic plan
which broadens Wilmington's investment strategy to include selective investments
in the energy sector in addition to the real estate sector. 


Forward-Looking Statements 

This press release contains forward looking statements. More particularly, this
press release contains statements concerning the closing of the Acquisition and
the ongoing management of the Assets. Although Wilmington believes that the
expectations reflected in these forward looking statements are reasonable, undue
reliance should not be placed on them because Wilmington can give no assurance
that they will prove to be correct. Since forward looking statements address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. 


The forward looking statements contained in this press release are made as of
the date hereof and Wilmington undertakes no obligations to update publicly or
revise any forward looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


Reference should also be made to the most recent annual information form for a
description of the major risk factors.

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