The Westaim Corporation - Webcast Advisory

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

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

    CALGARY, Aug. 2 /CNW/ - 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
    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

    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.

    %SEDAR: 00002793E

For further information:

For further information: Gillian McArdle, (416) 504-8464,

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