TORONTO, ONTARIO--(Marketwire - Nov. 22, 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. 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.