Knightswood Financial Corp. (TSX VENTURE:KWF) - 

The Company announces that, effective immediately, Mr. Stanley Lanzet has
resigned from its board of directors on November 5, 2008. The Board would like
to thank Mr. Lanzet for his past services as a board member.


ON BEHALF OF THE BOARD OF DIRECTORS

KNIGHTSWOOD FINANCIAL CORP.

Maurice Levesque, President and Director
Knightswood Financial Corp. (TSXV:KWF)
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Knightswood Financial Corp. (TSXV:KWF)
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