NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Kingsway Arms Retirement Residences Inc. (TSX VENTURE:KWA) (the "Corporation" or
"Kingsway") announces that Mr. Peter Williams has resigned from his role as
Director of the Corporation and Chair of the Audit Committee. The Corporation
wishes to express its gratitude to Mr. Williams for his contributions over the
past four years.


Kingsway Arms Retirement Residences Inc.

Kingsway is the owner of a seniors housing facility located in Aurora, Ontario.
The Corporation continues to actively pursue the acquisition or development of
additional senior housing facilities in order to grow the Corporation's
portfolio of properties.
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