Wednesday February 15, 2006
    4:30 p.m. EST
    www.westaim.com

CALGARY, Feb. 14 /PRNewswire-FirstCall/ - The Westaim Corporation will hold a webcast at 4:30 p.m. EST on Wednesday February 15, 2006 regarding the company's 2005 fourth quarter and year-end results.

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 call live on the Internet, please go to www.westaim.com.

Barry Heck, President & Chief Executive Officer, Tony Johnston, Senior Vice President and Drew Fitch, Senior Vice President & Chief Financial Officer will participate on the call.

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

The Westaim Corporation's technology investments include: NUCRYST Pharmaceuticals (NASDAQ: NCST; TSX: NCS), which researches, develops and commercializes medical devices and pharmaceutical products that fight infection and inflammation based on its nanocrystalline silver technology; and iFire Technology, which has developed a revolutionary 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-              02/14/2006
    /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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