Mr. Cameron MacDonald reports

WESTAIM ANNOUNCES DETAILS FOR INVESTOR DAY AND SHAREHOLDERS MEETING

The Westaim Corp. will host its annual investor day on Thursday, May 16, 2024, at 9:30 a.m. Eastern Time in person at Vantage Venues, Inverness Room, 27th floor, 150 King St. West, Toronto, Ont., Canada, M5H 1J9, and virtually via a live stream. The agenda will include a business overview and discussion with management from Westaim and Arena, followed by a question-and-answer session. Those not available to attend in person will have an opportunity to submit questions in advance through registration. The presentation will be available on the company's website after the annual investor day and for at least 180 days thereafter.

If you are interested in attending the investor day, please register on-line.

Westaim also announces that it has filed on the System for Electronic Document Analysis and Retrieval+ (SEDAR+) and on its website its management information circular and related materials for its annual and special meeting of shareholders (ASM) to be held on Thursday, May 16, 2024, at 9 a.m. Eastern Time. The ASM will occur in person at Vantage Venues, Inverness Room, 27th floor, 150 King St. West, Toronto, Ont., Canada, M5H 1J9.

About The Westaim Corp.

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 toward the financial services industry and grow shareholder value over the long term. Westaim's investments include significant interests in Skyward Specialty, Arena and Arena FINCOs. Skyward Specialty, Arena and Arena FINCOs are defined in the notes to Westaim's audited consolidated financial statements for its fiscal year ended Dec. 31, 2023, and related management's discussion and analysis. Westaim's common shares are listed on the TSX Venture Exchange under the trading symbol WED.

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