WCM.B Wilmington Capital Management

Wilmington Capital Management Inc. (TSX: WCM)(TSX: WCM.A)(TSX: WCM.B) today announced net income for the three months ended June 30, 2010 of $79,000 compared to a net loss of $130,000 for the same period in 2009. Net income per Class A and Class B share for the three months ended June 30, 2010 was $0.01, compared to a net loss of $0.02 per share for the same period in 2009.

Wilmington holds an 8% fully diluted interest in Parkbridge Lifestyle Communities Inc. (PRK.TO), an owner and operator of manufactured home and recreational communities. 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 provide its shareholders with an attractive total return consisting of capital appreciation on its investments and current income. In this regard, as at June 30, 2010, the fair value of the company's investment in Parkbridge of $28.7 million reflects unrealized capital gains of $11.7 million. During the three months ended June 30, 2010, Wilmington received dividends of $209,000 from Parkbridge.

Subsequent to June 30, 2010, Wilmington completed the acquisition (the "Acquisition") of a 45.45% indirect interest in a portfolio of 12 self-storage facilities in Southwestern Ontario (the "Property Portfolio") through the acquisition of units in a newly formed private real estate investment trust (the "Trust"). The aggregate cost of the Property Portfolio, including closing costs, amounted to approximately $20,700,000 and was funded with proceeds from a $12,700,000 term facility (the "Term Facility") and equity of approximately $8,000,000. An additional $3,000,000 of equity was raised by the Trust for working capital to fund short term requirements and other investment opportunities. The Term Facility is secured by the Property Portfolio and a several guarantee by Wilmington equal to 22.725% of the Term Facility.

Wilmington's share of the cash consideration to complete this initiative was $5,000,000 which was funded through borrowings under its credit facility.

On August 4, 2010, Wilmington filed a prospectus to issue and sell an aggregate of up to 7,812,500 Class A Shares without par value at a price of $1.28 per Class A Share (the "Offering") for total proceeds of up to $10,000,000. After closing costs, net proceeds are expected to be approximately $9,800,000.

Wilmington believes the Acquisition is a major step in meeting its principal objective of acquiring and holding assets that are capable of providing stable cash flows and value creation over the longer term. Wilmington also believes that there will be further opportunities to invest in additional properties in the Canadian self-storage industry that meet its objectives.

CONSOLIDATED STATEMENTS OF OPERATIONS

                                     Three months ended    Six months ended
(unaudited)                                     June 30             June 30
$thousands, except per share amounts     2010      2009      2010      2009
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Income
  Investment and other               $    208  $      3  $    210  $      6
  Foreign exchange gain                     9         -         -         -
  Income producing property               306       336       610       707
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                                          523       339       820       713
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Expenses
  Operating                                59        74       101       121
  Foreign exchange loss                     -        53        11        34
  Interest                                342       368       680       783
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                                          401       495       792       938
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Net income / (loss) before income
 taxes                                    122      (156)       28      (225)
  Income tax recovery (expense)           (43)       26       (20)       69
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Net income / (loss)                  $     79  $   (130) $      8  $   (156)
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Net income / (loss) per Class A &
 Cass B share                        $   0.01  $  (0.02) $   0.00  $  (0.02)
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CONSOLIDATED BALANCE SHEETS
                                                     (unaudited)
                                                         June 30 December 31
$ thousands                                                 2010        2009
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Assets
  Cash and cash equivalents                          $       575  $    1,569
  Investment in Parkbridge Lifestyle Communities
   Inc.                                                   28,721      28,109
  Income producing property                               19,227      19,013
  Other assets                                               637         143
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                                                     $    49,160  $   48,834
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Liabilities & Shareholders' Equity
  Accounts payable and other liabilities             $       588  $      700
  Future income taxes                                      2,126       1,933
  Secured debt                                            20,190      19,962
  Loan payable                                            10,000      10,501
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                                                          32,904      33,096
  Shareholders' equity                                    16,256      15,738
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                                                     $    49,160  $   48,834
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

                                     Three months ended    Six months ended
(unaudited)                                     June 30             June 30
$ thousands                              2010      2009      2010      2009
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Net income / (loss)                  $     79  $   (130) $      8  $   (156)
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  Foreign currency translation             17         -        17        (1)
  Increase (decrease) in value of
   available-for-sale securities       (1,614)    4,306       612     5,581
  Future income taxes in above items      160      (714)     (119)     (928)
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                                       (1,437)    3,592       510     4,652
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Comprehensive income (loss)          $ (1,358) $  3,462  $    518  $  4,496
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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.

Forward Looking Statements

This press release contains forward looking statements. 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.

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