Kingsway Arms Retirement Residences Inc. Announces Resignation of Director

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. Richard Dubrovsky has resigned from his role as
director of the Corporation. The Corporation wishes to express its gratitude to
Mr. Dubrovsky for his contributions.


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. 


This press release is not an offer of securities for sale in the United States.
The securities of the Corporation referred to herein have not been and will not
be registered under the United States Securities Act of 1933, as amended.
Securities of the Corporation may not be offered or sold in the United States
absent registration or an exemption from registration.