Glenn Smith Acquires Shares of Wilton Resources Inc.

Calgary, Alberta--(Newsfile Corp. - March 26, 2020) -  Glenn Smith ("Smith") announced today that he has acquired an aggregate of 2,000,000 common shares ("Common Shares") of Wilton Resources Inc. (TSXV: WIL) ("Wilton" or, the "Corporation"). Smith acquired the securities pursuant to the closing of a private placement of 2,000,000 Common Shares of the Corporation at a purchase price of $0.25 per Common Share for gross proceeds of $500,000 (the "Acquisition").

Prior to the Acquisition, Smith held 6,082,714 Common Shares, representing approximately 10.83% of the Corporation's 56,163,832 issued and outstanding Common Shares. As a result of the Acquisition, Smith now has beneficial ownership of an aggregate of 8,082,714 Common Shares, representing approximately 13.90% of the Corporation's 58,163,832 issued and outstanding Common Shares.

Prior to the Acquisition, Smith held 2,035,714 common share purchase warrants of the Corporation ("Warrants"). Assuming due exercise of his 2,035,714 Warrants, Smith would own 10,118,428 Common Shares representing approximately 16.81% of the Issuer's 60,199,546 issued and outstanding Common Shares, on a partially-diluted basis.

Smith acquired the securities under the Offering for private investment purposes and may increase or decrease his beneficial ownership or control over securities of Wilton as circumstances or market conditions warrant.

This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report will appear with Wilton's documents on the System for Electronic Document Analysis and Retrieval at www.sedar.com.

Wilton's head office is located at 1404 Joliet Avenue SW, Calgary, Alberta T2T 1S2.

For further information or to request a copy of the early warning report, please contact:

Glenn Smith
236 Sunmills Place SE
(403) 203-2668

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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53849