Kingsway Arms Retirement Residences Inc. Announces Resignation of Officer

TORONTO, ONTARIO--(Marketwire - April 1, 2011) -

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. Dexter Halsall has resigned from his role as Chief Operating Officer of the Corporation to pursue other business interests. The Corporation wishes to express its gratitude to Mr. Halsall for his contributions.

The Corporation is working internally to find a suitable replacement for the position of COO. Until such time, the COO responsibilities previously held by Mr. Halsall will be attended to as between the other existing officers of the Corporation.

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.