Westaim CorporationTSXV: WED

Webcast Advisory - The Westaim Corporation investor briefing and iFire Technology update

· Issued by Westaim Corporation via CNW
<<
                     Wednesday October 18, 2006
                           10:00 a.m. EDT
                           www.westaim.com
>>

CALGARY, Oct. 6 /CNW/ - The Westaim Corporation will provide a technology
update on its iFire Technology Corp. subsidiary via webcast at 10:00 a.m. EDT
on Wednesday October 18, 2006.
To listen to the webcast live on the Internet, please go to
www.westaim.com. An online presentation will accompany the briefing.
Barry Heck, President & CEO, The Westaim Corporation and Nicolas Khoury,
President, iFire Technology will give an update on the company and a progress
report on iFire's technology development.
The webcast will be archived and posted on the Westaim website.

iFire Technology Corp. has developed a flat panel television display with
low-cost and high performance potential called thick dielectric
electroluminescent technology (TDEL). With superior video performance
characteristics and a cost advantage over other flat panel display
technologies, iFire's proprietary TDEL technology has the potential to become
an affordable, high performance alternative for the consumer flat panel
television market. iFire plans to initially target the mid 30- to mid 40-inch
screen size segment of the flat panel television market in partnership with
major consumer electronics companies.

In addition to iFire Technology, The Westaim Corporation's technology
investments include NUCRYST Pharmaceuticals Corp. (NASDAQ: NCSTV; TSX: NCS),
which develops, manufactures and commercializes medical products that fight
infection and inflammation using its patented atomically disordered
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.

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