Knightswood Financial Corp. (TSX VENTURE: KWF), a merchant banking company, announced today that Ms. Amelia Yeo has been appointed Chief Financial Officer. Prior to her appointment, Ms. Yeo was the controller of the Company and has been with the Company for approximately nine years. Ms. Yeo is a Certified General Accountant and has extensive accounting knowledge and operational and financial management experience.

Maurice Levesque, President, said, "We are very pleased that Ms. Yeo accepted the position as Chief Financial Officer as she brings valuable knowledge and experience with the financial activities of the Company."

The Company also announced today that Ms. Lynda Metcalfe has resigned as Chief Financial Officer for personal reasons. The board of directors thanked Ms. Metcalfe for her past services to the Company and wished her well in her pursuit to focus on her young family.

About Knightswood Financial Corp.

Knightswood Financial Corp. is a merchant bank company providing private entities with solutions which allow them to issue debentures which are eligible for registered plans. Knightswood Financial Corp. offers a wide range of services to assist its private entity clients to achieve their debenture financing objectives.

ON BEHALF OF THE BOARD OF DIRECTORS

KNIGHTSWOOD FINANCIAL CORP.

Maurice Levesque, President and Director

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

Contacts: Knightswood Financial Corp. Maurice Levesque President and Director (604) 601-5802 (604) 689-8892 (FAX) mlevesque@knightswoodfinancial.com