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Press Release

DateSubject
December 19, 2008 Westaim appoints two new directors
December 1, 2008 The Westaim Corporation requisitions meeting of shareholders of NUCRYST Pharmaceuticals to return capital to NUCRYST shareholders
November 12, 2008 Westaim announces 2008 third quarter results
November 11, 2008 Webcast Advisory - The Westaim Corporation Webcast of Conference Call to Discuss 2008 Third Quarter Results
November 4, 2008 Westaim terminates reorganization agreement and cancels shareholders' meeting
October 20, 2008 Westaim to deregister its common stock in the United States
October 3, 2008 Webcast Advisory - The Westaim Corporation Webcast of Conference Call to Discuss the Company's Reorganization Agreement
October 3, 2008 Westaim enters into reorganization agreement valuing Westaim at $0.60 per share
August 13, 2008 Westaim announces 2008 second quarter results
August 11, 2008 Webcast Advisory - The Westaim Corporation Webcast of Conference Call to Discuss 2008 Second Quarter Results
May 28, 2008 Westaim updates shareholders on strategic alternatives
May 12, 2008 Westaim announces 2008 first quarter results
May 6, 2008 Webcast Advisory - The Westaim Corporation Webcast of Annual Meeting of Shareholders
February 15, 2008 Westaim announces 2007 year-end results
February 11, 2008 Webcast Advisory - The Westaim Corporation Webcast of Conference Call to Discuss 2007 Fourth Quarter Results