WCM.B Wilmington Capital Management

Wilmington Capital Management Inc. (TSX: WCM)(TSX: WCM.A)(TSX: WCM.B) today announced net income of $176,000 for the three months ended September 30, 2010, compared to a net loss of $65,000 for the same period in 2009. Net income per Class A and Class B share for the three months ended September 30, 2010 was $0.02, compared to a net loss of $0.01 per share in the same period last year.

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 periodically considers 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 September 30, 2010, the fair value of the company's investment in Parkbridge of $31.1 million reflects unrealized capital gains of $14.1 million. During the three months ended September 30, 2010, Wilmington received dividends of $209,000 from Parkbridge. Subsequent to September 30, 2010, Parkbridge announced that it has entered into an agreement with a wholly-owned subsidiary of British Columbia Investment Management Corporation ("bcIMC") whereby bcIMC will acquire all the issued and outstanding common shares of Parkbridge for $7.30 in cash per common share. Closing will occur no earlier than January 4, 2011. At a price of $7.30 per common share, the value of the investment in Parkbridge is $40.6 million.

During the third quarter, 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 $20.7 million and was funded with proceeds from a $12.7 million term facility (the "Term Facility") and equity of approximately $8 million. An additional $3 million 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 guarantee by Wilmington equal to 22.725% of the Term Facility.

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

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 capital appreciation 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    Nine months ended
(unaudited)                               September 30         September 30
$thousands, except per share
 amounts                                2010      2009         2010    2009
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Income
  Investment and other           $       210 $       1      $   420 $     7
  Equity accounted income                 23         -           23       -
  Foreign exchange gain                   39         -           28       -
  Income producing properties            310       317          920   1,024
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                                         582       318        1,391   1,031
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Expenses
  Operating                               63        22          164     143
  Foreign exchange loss                    -         8            -      42
  Interest                               448       357        1,128   1,140
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                                         511       387        1,292   1,325
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Net tax (loss) before income
 taxes                                    71      (69)           99   (294)
  Income tax recovery                    105         4           85      73
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Net income (loss)                $       176 $    (65)      $   184 $ (221)
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Net income (loss) per Class A
 and Class B share               $      0.02 $  (0.01)      $  0.02 $(0.03)
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CONSOLIDATED BALANCE SHEETS                (unaudited)
$thousands                          September 30, 2010     December 31, 2009
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Assets
  Cash and cash equivalents        $               703 $               1,569
  Investment in Parkbridge
   Lifestyle Communities Inc.                   31,059                28,109
  Income producing property                     18,593                19,013
  Investment in Real Storage
   Private Trust                                 5,023                     -
  Other assets                                     136                   143
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                                   $            55,514 $              48,834
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Liabilities & Shareholders' Equity
  Accounts payable and other
   liabilities                     $               588 $                 700
  Future income taxes                            2,435                 1,933
  Secured debt                                  19,532                19,962
  Loan payable                                  14,600                10,501
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                                                37,155                33,096
  Shareholders' equity                          18,359                15,738
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                                   $            55,514 $              48,834
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                    Three months ended     Nine months ended
(unaudited)                               September 30          September 30
$thousands                          2010          2009    2010          2009
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Net income (loss)                $   176 $        (65) $   184 $       (221)
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Other comprehensive income
 (loss)
 Foreign currency translation       (49)          (43)    (32)          (44)
 Available-for-sale securities     2,338         1,560   2,950         7,141
 Future income taxes in above
  items                            (362)         (245)   (481)       (1,173)
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                                   1,927         1,272   2,437         5,924
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Comprehensive income             $ 2,103 $       1,207 $ 2,621 $       5,703
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Joseph F. Killi, President and Chief Executive Officer will be available at 403-800-0869 to answer any questions on the company's financial results.

Forward Looking Statements

This news 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 403-800-0869