The Westaim Corporation
                    Webcast of Conference Call to Discuss
                         2007 Second Quarter Results

                           Thursday, August 9, 2007
                                4:30 p.m. EDT
                               www.westaim.com

CALGARY, Aug. 2 /PRNewswire-FirstCall/ - The Westaim Corporation will hold a webcast at 4:30 p.m. EDT on Thursday, August 9, 2007 regarding the company's 2007 second quarter 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.

Drew Fitch, President & Chief Executive Officer and Tony Johnston, Senior Vice President 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 iFire Technology Corp., which is developing a low-cost flat panel display technology, and a 74.8 per cent interest in 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. 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-              08/02/2007
    /CONTACT: Gillian McArdle, (416) 504-8464, info@westaim.com/
    (WED. WEDX)

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

    -30-

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