WCM.B Wilmington Capital Management

Wilmington Capital Management Inc. (TSX: WCM)(TSX: WCM.A)(TSX: WCM.B) today announced a net loss before tax of $294 thousand for the nine months ended September 30, 2009, compared to net income of $242 thousand in the same period in 2008. Including tax provisions, the company recorded a net loss of $221 thousand compared to $294 thousand in 2008. Net loss per Class A and Class B share for the nine months ended September 30 was $0.03, compared to $0.04 per share in the same period last year. The decrease in net income before taxes was due to the receipt during the first quarter of 2008 of minimum rent guarantee payments totaling $303 thousand relating to the sale of 181 University Avenue by the company in 2006. In addition, income tax expense during the first quarter of 2008 included a non-cash charge of $466 thousand, reflecting a revaluation of the difference between book value and tax value of the company's net assets.

Net loss for the three months ended September 30, 2009 was $65 thousand or $0.01 per Class A and Class B shares, compared with a net loss of $67 thousand or $0.01 per share for the same period in 2008.

Wilmington holds an 8% fully diluted interest in Parkbridge Lifestyle Communities Inc. (PRK.TO), an owner operator of manufactured home and recreational communities. During the third quarter, Parkbridge completed an equity offering of 5,000,000 common shares at a price of $4 per common share. The company acquired 250,000 common shares of this equity offering. Wilmington also owns land leased to commercial property owners which is located at 370 Third Street in San Francisco, California. Wilmington is considering alternatives to maximize the value for shareholders of its real estate investment, which could include the sale or restructuring of this holding.

The company's objective is to generate appreciation in value from its existing investments as opposed to current income. Accordingly, net income is expected to be minimal. In this regard, as at September 30, 2009, the fair value of the company's investment in Parkbridge of $21.5 million reflects unrealized capital gains of $4.4 million.

CONSOLIDATED STATEMENTS OF
 OPERATIONS
                                Three months ended     Nine months ended
(unaudited)                           September 30          September 30
$thousands, except per share
 amounts                         2009         2008     2009         2008
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Income
 Investment and other         $    (7) $        21  $   (35) $        83
 Income producing properties      317          310    1,024        1,213
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                                  310          331      989        1,296
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Expenses
 Operating                         22           35      143          118
 Interest                         357          411    1,140          936
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                                  379          446    1,283        1,054
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Net (loss) income before
 income taxes                     (69)        (115)    (294)         242
 Income tax recovery (expense)      4           48       73         (536)
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Net loss                      $   (65) $       (67) $  (221) $      (294)
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Net loss per Class A and Class
 B share                      $ (0.01) $     (0.01) $ (0.03) $     (0.04)
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CONSOLIDATED BALANCE
 SHEETS
                                         (unaudited)
                                        September 30         December 31
$thousands                                      2009                2008
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Assets
 Cash and cash
  equivalents                              $   1,388         $     3,542
 Investment in Parkbridge
  Lifestyle Communities Inc.                  21,485              13,344
 Income producing
  property                                    19,328              22,088
 Other assets                                    242                 414
 Future income taxes                               -                  78
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                                           $  42,443         $    39,466
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Liabilities &
 Shareholders' Equity
 Accounts payable and
  other liabilities                        $     647         $     1,269
 Future income taxes                           1,027                   -
 Secured debt                                 20,288              23,153
 Loan payable                                 10,428              10,694
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                                              32,390              35,116
 Shareholders' equity                         10,053               4,350
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                                           $  42,443         $    39,466
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME (LOSS)

                           Three months ended           Nine months ended
(unaudited)                      September 30                September 30
$thousands                  2009         2008           2009         2008
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Net loss                 $   (65)$        (67)     $    (221)$       (294)
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Other comprehensive
 income (loss)
 Foreign currency
  translation                (43)          49            (44)          81
 Available-for-sale
  securities               1,560       (3,098)         7,141       (6,615)
 Future income taxes in
  above items               (245)         519         (1,173)       1,108
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                           1,272       (2,530)         5,924       (5,426)
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Comprehensive income
 (loss)                   $1,207  $    (2,597)     $   5,703 $     (5,720)
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Joseph F. Killi, President and Chief Executive Officer will be available at 416-867-9370 to answer any questions on the company's financial results.

This news release contains forward-looking statements concerning the company's business and operations. The company cautions that, by their nature, forward-looking statements involve risk and uncertainty and the company's actual results could differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Information Form for a description of the major risk factors.

Contacts: Wilmington Capital Management Inc. Joseph F. Killi President and Chief Executive Officer 416-867-9370