SOURCE: Wilon Resources, Inc.

April 02, 2007 12:41 ET

Wilon Resources Issues Statement Pertaining to Market Rumor

CHATTANOOGA, TN -- (MARKET WIRE) -- April 2, 2007 -- Wilon Resources, Inc. (PINKSHEETS: WLON) today released the following statement pertaining to a market rumor:

Harry Thompson, President and CEO, stated, "Although we generally will not comment on market rumors concerning the Company, we are aware of rumors currently circulating among investors and market professionals to the effect that Wilon Resources is involved in discussions concerning one or more takeover proposals for our Company. Management wishes to state that Wilon Resources, Inc. is not presently for sale and we have no plans to enter into negotiations or discussions with any party leading to such a transaction at this time. Our full efforts and attention are focused on achieving the resumption of natural gas deliveries through our connection to Columbia Gas Transmission, as well as the establishment of a new pipeline connection that will allow the delivery of our production through Tennessee Gas Pipeline, a subsidiary of El Paso Natural Gas. We believe that achieving these goals would create more long-term value for our investors than pursuing a sale of the Company under the present circumstances."

About Wilon Resources, Inc.

Wilon Resources, Inc. engages in the exploration, production and delivery of natural gas. Its operations are in the Appalachian Basin centered around West Virginia and Kentucky on leaseholds that aggregate to approximately 12,000 acres. Additional information can be found at wilonresources.com.

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 constitute "forward-looking statements." These statements can be identified by the use of forward-looking terminology such as "believe," "may," "will," "expect," "intend," "plan," "subject to," "anticipate," "estimate," "continue," "present value," "future," "reserves," "appears," "prospective," or other variations thereof or comparable terminology. While we believe our forward-looking statements are based upon reasonable assumptions, these are factors that are difficult to predict and that are influenced by economic and other conditions beyond our control that could cause the Company's future plans, objectives and performance to differ materially from those suggested in the forward-looking statements. Such factors include, but are not limited to, those relating to the results of exploratory drilling activity; reliance on outside companies for the transmission and delivery of the Company's natural gas production; the Company's growth strategy; the Company's ability to find or acquire additional reserves as existing reserves are depleted; changes in oil and natural gas prices; operating risks; availability of gas drilling equipment, qualified personnel and related services; dependence on weather conditions; seasonality; expansion and other activities of competitors; changes in federal or state environmental laws and the administration of such laws; our ability to service current and future indebtedness; changes in interest rates; and the general condition of the economy and its effects on the energy and securities markets. Investors are directed to consider such risks and uncertainties in making investment decisions concerning the Company. All forward-looking statements are based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward-looking statements.

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