WIL Wilton Resources Inc

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Wilton Resources Inc. ("Wilton" or the "Corporation") (TSX VENTURE:WIL) is
pleased to announce that it proposes to issue a series of 7.5% convertible
unsecured debentures in the principal amount of up to $1,000,000 (the
"Debentures") subject to regulatory body and corporate approval (the
"Offering"). The Debentures are anticipated to be issued in the principal amount
of $1,000,000, bear simple interest at a rate of 7.5% per annum payable
quarterly in arrears and shall mature two years after the date of issue. At the
option of the holders of the Debentures, the Debentures shall be convertible at
any time up to the time of maturity into common shares of the Corporation
("Common Shares") at a deemed issue price of $1.00 during the first year of the
term of the Debentures, which will be increased to $1.25 during the second year
of the term of the Debentures. If at any time during the second year of the term
of the Debentures, the average closing trading price per Common Share for a
period of twenty (20) consecutive trading days, is equal to or greater than
$1.50, the Corporation shall have the right, at its option, upon providing
fifteen (15) days' notice in writing to the holders of the Debentures, to
convert the Debentures into Common Shares at the second year conversion price of
$1.25 per Common Share.


In certain instances, the Corporation may pay finder's fees to eligible persons
("Finders") on a portion of the Offering consisting of a cash payment equal to
7.5% and the issuance of finder's warrants ("Finder's Warrants") equal to 7.5%
of the gross proceeds raised from applicable subscriptions in the Offering. Each
Finder's Warrant will entitle the holder to acquire one additional Common Share
at a price of $1.00 for a period of two years from the closing date of the
Offering. 


All of the proceeds of the Debentures will be used for general working capital
purposes of the Corporation.


About Wilton

Wilton is a Canadian company listed on the TSX Venture Exchange and is focused
on the acquisition of large international oil and gas assets and engaging in
international oil and gas exploration.


Additional information regarding Wilton Resources Inc. is available on
www.sedar.com. 


FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of
applicable securities laws. These statements relate to future events or future
performance. The use of any of the words "could", "intend", "expect", "believe",
"will", "projected", "estimated" and similar expressions and statements relating
to matters that are not historical facts are intended to identify
forward-looking information and are based on the Corporation's current belief or
assumptions as to the outcome and timing of such future events. Actual future
results may differ materially. In particular, this release contains
forward-looking information relating to the completion and timing of the
Offering, the use of proceeds of the Offering and the payment of a commission to
Finders. Various assumptions or factors are typically applied in drawing
conclusions or making the forecasts or projections set out in forward-looking
information. Those assumptions and factors are based on information currently
available to the Corporation. The material factors and assumptions include that
management will be able to raise adequate proceeds from the Offering, that the
Corporation will obtain all necessary regulatory approvals, that the Corporation
will use finders to obtain subscriptions to the Offering and that the board of
directors will not determine that it is in the best interests of the Corporation
to change the intended use of proceeds. Risk Factors that could cause actual
results or outcomes to differ materially from the results expressed or implied
by forward-looking information include, among other things: the failure to
obtain the required approvals for the Offering in a timely fashion or at all,
general economic conditions, market risks relating to the oil and gas industry,
the inherent risks involved in the exploration and development of oil and gas
properties, the uncertainties involved in interpreting exploration results and
other data and the ability of the Corporation to obtain the funds and resources
required to carry out further acquisition exploration. The Corporation cautions
the reader that the above list of risk factors is not exhaustive. The
forward-looking information contained in this release is made as of the date
hereof and the Corporation is not obligated to update or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required by applicable securities laws. Because
of the risks, uncertainties and assumptions contained herein, investors should
not place undue reliance on forward-looking information. The foregoing
statements expressly qualify any forward-looking information contained herein.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wilton Resources Inc.
Richard G. Anderson
Chief Executive Officer
(403) 619-6609

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