Webcast Advisory - The Westaim Corporation Webcast of Conference Call to Discuss the Company's Reorganization Agreement

    CALGARY, Oct. 3 /CNW/ -

                           Monday, October 6, 2008
                                9:00 a.m. EDT

    The Westaim Corporation will hold a webcast at 9:00 a.m. EDT on Monday,
October 6, 2008 regarding the Company's reorganization agreement.
    In addition to standard disclosure over wire services, a news release was
issued on Friday, October 3, 2008 and 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 investments include iFire Technology Ltd., and
a 74.5 per cent interest in NUCRYST Pharmaceuticals Corp. (NASDAQ:   NCST; TSX:
NCS). Westaim's common shares are listed 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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