Wednesday May 3, 2006
    10:00 a.m. EDT
    www.westaim.com

CALGARY, April 26 /PRNewswire-FirstCall/ - The Westaim Corporation will hold a webcast at 10:00 a.m. EDT on Wednesday May 3, 2006 to broadcast the company's Annual Meeting of Shareholders and Investor Briefing.

The Westaim Corporation will also be releasing its 2006 first quarter results the morning of Wednesday May 3, 2006 at 7:00 a.m. EDT.

In addition to standard disclosure over wire services, a news release and financial statements will be posted on the Westaim web site. To listen to the Annual Meeting of Shareholders and Investor Briefing webcast live on the Internet, please go to www.westaim.com.

Ian W. Delaney, Chairman of the Board, The Westaim Corporation and Barry M. Heck, President & Chief Executive Officer, The Westaim Corporation will participate on the webcast.

An audio file of the webcast will be archived and posted on the Westaim web site.

The Westaim Corporation's technology investments include NUCRYST Pharmaceuticals Corp. (NASDAQ: NCST; TSX: NCS), which develops, manufactures and commercializes medical products that fight infection and inflammation based on its nanocrystalline silver technology and iFire Technology Corp, which has developed a low-cost flat panel display. Westaim's common shares are listed on NASDAQ under the symbol WEDX and on The Toronto Stock Exchange under the trading symbol WED.

SOURCE  Westaim Corporation
    -0-              04/26/2006
    /CONTACT: Gillian McArdle, (416) 504-8464, info@westaim.com;
To request a free copy of this organization's annual report, please go to
http://www.newswire.ca and click on Tools for Investors./
    (WED. WEDX)

CO: Westaim Corporation
ST: Alberta
IN: MLM MTC
SU: CCA

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