WCM.B Wilmington Capital Management

Wilmington Capital Management Inc. (TSX: WCM)(TSX: WCM.A)(TSX: WCM.B) today announced a net loss for the three months ended March 31, 2010 of $71,000 compared to $26,000 for the same period in 2009. Net loss per Class A and Class B share for the three months ended March 31, 2010 was $0.01, compared to $0.00 per share for the same period in 2009.

Wilmington holds an 8% fully diluted interest in Parkbridge Lifestyle Communities Inc. (PRK.TO), an owner 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 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 March 31, 2010, the fair value of the company's investment in Parkbridge of $30.3 million reflects unrealized capital gains of $13.3 million.

CONSOLIDATED STATEMENTS OF OPERATIONS

Three months ended March
(unaudited)                                                              31
$thousands, except per share amounts                       2010        2009
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Income
Investment and other                                 $       2   $       3
Foreign exchange gain                                        -          19
Income producing property                                  304         371
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306         393
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Expenses
Operating                                                   42          47
Foreign exchange loss                                       20           -
Interest                                                   338         415
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400         462
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Net loss before income taxes                                (94)        (69)
Income tax recovery                                         23          43
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Net loss                                              $     (71)  $     (26)
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Net loss per Class A and Class B share                $   (0.01)  $    0.00
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CONSOLIDATED BALANCE SHEETS
(unaudited)
March 31    December 31
$thousands                                              2010           2009
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Assets
Cash and cash equivalents                    $          999    $     1,569
Investment in Parkbridge Lifestyle
Communities Inc.                                    30,335         28,109
Income producing property                            18,345         19,013
Other assets                                            136            143
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$       49,815    $    48,834
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Liabilities & Shareholders' Equity
Accounts payable and other liabilities       $          748    $       700
Future income taxes                                   2,184          1,933
Secured debt                                         19,269         19,962
Loan payable                                         10,000         10,501
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32,201         33,096
Shareholders' equity                                 17,614         15,738
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$       49,815    $    48,834
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(unaudited)                                     Three months ended March 31
$thousands                                              2010           2009
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Net loss                                      $          (71)   $       (26)
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Other comprehensive income (loss)
Foreign currency translation                              -             (1)
Available-for-sale securities                         2,226          1,275
Future income taxes in above items                     (279)          (214)
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1,947          1,060
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Comprehensive income                          $        1,876    $     1,034
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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