The Westaim Corporation Announces Annual General Meeting and Investor Day

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

TORONTO–(BUSINESS WIRE)–The Westaim Corporation (“Westaim” or the “Company“)
(TSXV: “WED”) announces that it will be holding its Annual General
Meeting on May 30, 2019 at 9:00 a.m. (Eastern time) at The Hockey Hall
of Fame, Brookfield Place, 30 Yonge Street, Toronto, Ontario in the Tim
Hortons Theatre (lower level entrance).

Immediately following the Annual General Meeting, Westaim will hold an
Investor Day to provide an update on its business. The agenda will
include presentations along with question and answer sessions with
members of the senior management of Westaim and its subsidiary
companies. If you are interested in attending the Investor Day, please
R.S.V.P. to Laurie Morra at lmorra@westaim.com.

About Westaim

Westaim is a Canadian investment company specializing in providing
long-term capital to businesses operating primarily within the global
financial services industry. The Company invests, directly and
indirectly, through acquisitions, joint ventures and other arrangements,
with the objective of providing its shareholders with capital
appreciation and real wealth preservation. Westaim’s strategy is to
pursue investment opportunities with a focus towards the financial
services industry and grow shareholder value over the long term.
Westaim’s investments include significant interests in HIIG and the
Arena Group. HIIG, the HIIG Partnership, Arena, the Arena Group, Arena
Finance, Arena Origination and Arena Investors are defined in the notes
to Westaim’s audited consolidated financial statements for the years
ended December 31, 2018 and 2017 and the MD&A. Westaim’s Common Shares
are listed on the TSX Venture Exchange under the trading symbol WED.

For More Information, Contact:

J. Cameron MacDonald, President and Chief Executive Officer or
Robert
T. Kittel, Chief Operating Officer
The Westaim Corporation
info@westaim.com
(416)969-3333

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Except for statements of historical fact contained herein, information
in this press release may constitute “forward-looking information”
within the meaning of Canadian securities laws, including those
identified by the expressions “believe”, “plan”, “estimate”, “intend”,
“will”, and similar expressions. Other than statements of historical
fact, all statements that involve various known and unknown risks,
uncertainties and other factors are “forward-looking statements”. There
can be no assurance that such statements will prove accurate. Results
and future events could differ materially from those anticipated in such
statements. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events to
differ materially from current expectations. Readers of this press
release are cautioned not to place undue reliance on these
“forward-looking statements”. Except as otherwise required by applicable
law, Westaim expressly disclaims any intention or obligation to update
publicly any forward-looking information, whether as a result of new
information, future events or otherwise.

Contacts

The Westaim Corporation
info@westaim.com
(416)969-3333