SOURCE: Wilon Resources, Inc.

February 05, 2007 08:45 ET

Wilon Resources, Inc. Initiates Drilling on 3 Wells

CHATTANOOGA, TN -- (MARKET WIRE) -- February 5, 2007 -- Wilon Resources, Inc. (PINKSHEETS: WLON), an energy company engaged in the production of natural gas, is pleased to announce that the Company has initiated drilling the first three wells as a part of the recently announced $12 million funding agreement.

As a part of this agreement, 23 wells will be drilled targeting the McKenzie Formation, Keefer Sandstones, a.k.a. Big 6. During the drilling process, the Company anticipates that several shallower gas producing formations will be encountered. Gas produced from all successful zones will be delivered to the end market. Forecasts for these deeper wells are for production at a minimum of 150 mcf/day. Revenue generated from the three wells on an annual basis should equal approximately $1 million. Drilling in neighboring counties, within the same deeper formations, has yielded daily production in excess of 450 mcf/day.

Harry Thompson, President stated, "We are very excited to have initiated drilling in West Virginia. We feel confident that the targeted formations will be reached and deliver gas in excess of our minimum forecasts. The Company continues to look for opportunities to improve shareholder value and views the commencement of drilling in West Virginia as another step in that direction."

About Wilon Resources, Inc.

Wilon engages in the exploration, production, and delivery of natural gas. The company has successfully drilled or reworked sixty-five natural gas wells and plans to complete a number of new wells during the next twelve months. Its operations are in the Appalachian Basin centered around West Virginia and Kentucky on leaseholds that aggregate approximately 12,000 acres.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes" or statements indicating certain actions "may," "could" or "might" occur.

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