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Press release from Marketwire

Amica Mature Lifestyles Completes Acquisition of Additional Ownership in Amica at Westboro Park

Friday, June 01, 2012

Amica Mature Lifestyles Completes Acquisition of Additional Ownership in Amica at Westboro Park16:35 EDT Friday, June 01, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2012) - Amica Mature Lifestyles Inc. ("Amica" or the "Company") (TSX:ACC) announced today that further to its news release of April 24, 2012, it has completed the acquisition of an additional 73.5% ownership interest in Amica at Westboro Park (the "Acquisition"). The additional 73.5% interest in Amica at Westboro Park (located in Ottawa, Ontario), brings the Company's ownership position to 87.5%. The effective date for the Acquisition is June 1, 2012. Amica at Westboro Park opened in September 2008 and is currently at approximately 87% occupancy. 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 housing and services for mature lifestyles. There are 25 Amica Wellness & Vitality™ Residences, including a recent acquisition that the Company is transitioning to rebrand, one under development and one 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 BarryAmica Mature Lifestyles Inc.Manager, Investor Communications(604) 639-2171a.barry@amica.cawww.amica.ca