KWA

Kingsway Arms Retirement Residences Inc. (TSX VENTURE:KWA) (the "Company" or
"Kingsway") provides the following update regarding recent developments. At its
annual and special meeting of shareholders on May 14, 2014 (the "Meeting"),
Patrick Byrne, Dan Amadori, John Mackinnon, Frank T. Rossi, Bruce Dimytosh and
Don MacKinnon were unanimously re-elected to the Company's Board of Directors
(the "Board").


At the Meeting, the Company's shareholders also:



1.  unanimously re-appointed Collins Barrow Toronto LLP as the Company's
    auditor for the next financial year and authorized the Board to fix the
    remuneration of the auditor; and

2.  unanimously approved the proposed sale of the Clarington Retirement
    Residence ("Clarington") as further described in the Company's press
    release dated May 12, 2014 and the management information circular for
    the Meeting (the "Transaction").



The Transaction is scheduled to close on May 30, 2014, and the TSX Venture
Exchange has advised the Company that it has no objection to the closing of the
Transaction. Promptly following closing, the Company will issue a confirming
press release and file the material agreements on SEDAR.


About Kingsway Arms Retirement Residences Inc.:

Kingsway is the owner of senior housing facilities located in Aurora, Ontario
and in Clarington, Ontario. The Corporation continues to actively pursue the
acquisition and development of additional senior housing facilities in order to
grow the Company's portfolio of properties.


Safe Harbor Statement:

This press release contains forward-looking statements. Such forward-looking
statements are subject to a number of risks, assumptions and uncertainties that
could cause the Company's actual results to differ materially from those
projected in such forward-looking statements. In particular, factors that could
cause actual results to differ materially from those in forward-looking
statements include: our inability to obtain additional financing on acceptable
terms; risk that our facilities will not gain widespread market acceptance;
inability to compete with others who provide comparable facilities.
Forward-looking statements speak only as of the date made and are not guarantees
of future performance. We undertake no obligation to publicly update or revise
any forward-looking statements. When used in this document, the words "believe,"
"expect," "anticipate," "estimate," "project," "plan," "should," "intend,"
"may," "will," "would," "potential," and similar expressions may be used to
identify forward-looking statements.


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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accept
responsibility for the adequacy or accuracy of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kingsway Arms Retirement Residences Inc.
Mr. Dan Amadori
Chair, Board of Directors
416-644-4361

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