TORONTO, ONTARIO, MARCH 1, 2016 – Kingsway Arms Retirement Residences Inc. (“Kingsway” or the “Company”) (TSX.V: KWA) today announced that it has filed a management information circular (the “Circular”) in connection with an annual and special meeting (the “Meeting”) at which shareholders will be asked to, among other things, approve the reverse takeover transaction (the “Reverse Takeover”) previously announced by the Company. The Meeting is scheduled to be held at 333 Bay Street, Suite 3400, Toronto, Ontario M5H 2S7 at 11:00 a.m. (Toronto time) on March 30, 2016. The record date for determining the shareholders entitled to receive notice of and vote at the Meeting is February 29, 2016.

TORONTO, ONTARIO, NOVEMBER 6, 2015 – Kingsway Arms Retirement Residences Inc. (“Kingsway” or the “Company”) (TSX.V: KWA) today announced a reverse takeover transaction (the “Reverse Takeover”). Pursuant to a binding commitment letter dated November 5, 2015 (the “Commitment Letter”), the Company has agreed to acquire from Mainstreet Investment Company, LLC, an affiliate of Mainstreet Property Group, LLC (including its affiliates, “Mainstreet”), all of its issued and outstanding shares of Mainstreet Health Holdings Inc. (“MHI Holdco”), a newly formed Cayman Islands corporation, (the “Mainstreet MHI Holdco Shares”) for an implied purchase price of approximately US$15.6 million. The Mainstreet MHI Holdco Shares will constitute approximately 75% of the issued and outstanding shares of MHI Holdco (assuming that none of the convertible debentures of MHI Holdco are exercised prior to the completion of the Reverse Takeover).