Amica Mature Lifestyles Appoints David Minnett as President

  Amica Mature Lifestyles Appoints David Minnett as President

Business Wire

VANCOUVER, British Columbia -- April 1, 2014

Further to its news release of October 15, 2013, Amica Mature Lifestyles Inc.
(“Amica” or the “Company”) (TSX Symbol: ACC) announced today the appointment
of Mr. David Minnett as President effective April 10, 2014.

As part of the Company’s focus on building and further strengthening the Amica
executive and senior management team, Amica commenced a recruiting process in
October 2013 to hire a President for the Company. In its search, the Board
sought an experienced leader with a strong history and track record in
business.

“We are very pleased to welcome David to Amica,” said Mr. Samir Manji, Amica’s
Chairman, President and CEO. “David brings to Amica his experience in many
areas including operations, brand management, overall financial performance
management and strategic direction. We believe that David is an excellent
addition to Amica’s management team and together we will further build on
Amica’s leading position in the luxury seniors housing industry in Canada.”

Mr. Minnett brings his leadership experience from the restaurant, consumer
goods and telecommunication industries. Most recently, he served as President
of Swiss Chalet & Harvey’s Restaurants where he provided leadership for two
restaurant chains with $750 million in sales, 470 locations and over 14,000
associates across Canada. During his tenure, Mr. Minnett delivered sales
growth, streamlined operations, increased market share and improved
profitability across both businesses. Previously, Mr. Minnett served as
President of Kelsey’s Restaurants. Prior thereto, he held senior positions
with Mars Canada Inc., Molson Coors Brewing Company and Rogers Communications
Inc. Mr. Minnett earned his master degree in Business Administration and his
bachelor degree in Engineering and Management at McMaster University.

“I am thrilled to be joining the Amica family as we enter our next phase of
growth,” said David Minnett. “I look forward to partnering with Samir and our
management team to build on the Company's stellar brand reputation in the
marketplace.”

“I would like to reiterate that I remain committed to this great
organization,” said Samir Manji. “While David will assume the day-to-day
management of the Company, I will remain actively involved as Chairman and CEO
of Amica. I will be working closely with David to ensure we have a smooth
transition of day-to-day management of the Company to him and to lend the
support necessary to enable him to achieve success in his new role as
President.”

Mr. Minnett will report to Mr. Samir Manji who will retain his Chairman and
CEO roles.

ABOUT AMICA MATURE LIFESTYLES INC.
Amica Mature Lifestyles Inc., a Vancouver based public company, is a leader in
the management, marketing, design, development and ownership of luxury seniors
residences. There are 24 Amica Wellness & Vitality™ Residences in operation in
Ontario, British Columbia and Alberta, Canada. Additionally, Amica has one
residence under construction in Oakville, Ontario, one residence in
pre-development in Calgary, Alberta and two existing operational residences in
Ontario with expansions that are in pre-development. The common shares of
Amica are traded on the Toronto Stock Exchange under the symbol “ACC”. For
more information, visit www.amica.ca.

For further information, please contact:

Art Ayres                      Troy Shultz

Chief Financial Officer        Manager, Investor Communications

Amica Mature Lifestyles Inc.  Amica Mature Lifestyles Inc.

(604) 630-3473                 (604) 639-2171

a.ayres@amica.ca               t.shultz@amica.ca

Contact:

Amica Mature Lifestyles Inc.
Art Ayres, 604-630-3473
Chief Financial Officer
a.ayres@amica.ca
or
Troy Shultz, 604-639-2171
Manager, Investor Communications
t.shultz@amica.ca
 
Press spacebar to pause and continue. Press esc to stop.