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Press release from Marketwire

Terry Holland Joins Amica's Board of Directors

Wednesday, November 17, 2010

Terry Holland Joins Amica's Board of Directors08:00 EST Wednesday, November 17, 2010VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2010) - Amica Mature Lifestyles Inc. ("Amica" or the "Company") (TSX:ACC) announced today the appointment of Terry M. Holland to its Board of Directors. "We are very pleased to have Terry join Amica's Board of Directors," said Samir Manji, Chairman of the Board, President and Chief Executive Officer. "Terry's knowledge, financial acumen and experience will be a wonderful addition." Mr. Holland has an extensive business background in acquiring and financing businesses in a wide variety of sectors including real estate, natural resources, manufacturing and technology. Mr. Holland is President and Chief Executive Officer of Vancouver based Krystal Financial Corp., which provides ongoing strategic and financial consulting services and capital to public and private businesses. Mr. Holland also serves as a director of a number of private and public companies in a variety of industries. Prior to Krystal Financial, Mr. Holland served as President and Chief Executive Officer of Trimin Capital Corp. (formerly Trimin Enterprises Inc.), a TSX-listed management company that held equity investments in a number of operating businesses; Vice President of Finance with the Equity Group of Companies which financed public companies involved in mining exploration in Canada; and Vice President, Finance of the Granisle Group of Companies which were involved in the acquisition, development, syndication, and management of commercial and multi-unit residential real estate. Mr. Holland is a Fellow of the Institute of Chartered Accountants of British Columbia and has a bachelor of commerce degree from the University of British Columbia. "I am both honored and excited about the opportunity to work with Amica's Board and management team," said Terry Holland. "My decision to join the Board reflects my belief that Amica is a leader in what will be a very dynamic and growing industry in the years to come."Mr. Holland will join Amica's Board of Directors, and the audit committee of the Board of Directors, effective December 1, 2010. About AmicaAmica Mature Lifestyles Inc., a Vancouver based public company, is a leader in the management, marketing, design, development and ownership of luxury housing and services for mature lifestyles. There are 25 Amica Wellness & Vitality™ Residences, including three 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: Mr. Art AyresAmica Mature Lifestyles Inc.Chief Financial Officer(604) 630-3473a.ayres@amica.caORMs. Alyssa WilliamsAmica Mature Lifestyles Inc.Manager, Investor Communications(604) 639-2171a.williams@amica.cawww.amica.ca