Kingsway Arms Retirement Residences Inc. Provides Update

TORONTO, ONTARIO--(Marketwired - April 17, 2015) - Kingsway Arms Retirement Residences Inc. (TSX VENTURE:KWA) (the "Company" or "Kingsway") announces that, on April 17, 2015, the Board of Directors approved a grant under its stock option plan (the "Option Plan") of 650,000 options to purchase common shares of the Company, of which 500,000 options were granted to directors and officers. The options are exercisable for a term of five years at an exercise price of $0.05 per common share.

The number of common shares reserved for issuance under the Option Plan is 3,400,000, of which, including the options granted on April 17, 2015, 3,292,800 are outstanding.

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