The Westaim Corporation
Webcast of Annual Meeting of Shareholders
and Investor Briefing

Wednesday May 2, 2007
10:00 a.m. EDT
www.westaim.com

CALGARY, April 25 /PRNewswire-FirstCall/ - The Westaim Corporation will hold a webcast at 10:00 a.m. EDT on Wednesday May 2, 2007 to broadcast the company's Annual Meeting of Shareholders and Investor Briefing.

The Westaim Corporation will be releasing its 2007 first quarter results on Tuesday May 1, 2007.

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 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 CONTACT: Gillian McArdle, (416) 504-8464, info@westaim.com
(WED. WEDX)