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 it has appointed Mr. Dexter Halsall as Chief
Operating Officer of the Corporation.


As a finance professional with over 25 years experience in treasury and risk
management, Mr. Halsall has a broad-based expertise in financial services,
international treasury management, risk management, mergers and acquisitions,
investment management, short, medium and long term funding and corporate
governance. 


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. Additional information about the Company can be located
online at www.sedar.com.