Webcast Advisory - The Westaim Corporation Webcast of Conference Call to Discuss 2008 Fourth Quarter Results

                         Thursday, February 19, 2009
                               10:30 a.m. EST

    CALGARY, Feb. 17 /CNW/ - The Westaim Corporation will hold a webcast at
10:30 a.m. EST on Thursday, February 19, 2009 regarding the Company's 2008
fourth 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 will participate on the
call. An audio file of the call will be archived and posted on the Westaim web
    The Westaim Corporation's common shares are listed on The Toronto Stock
Exchange under the trading symbol WED. Westaim holds a 74.5 percent interest
in NUCRYST Pharmaceuticals Corp. (NASDAQ:   NCST; TSX: NCS).

    %SEDAR: 00002793E

For further information:

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

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