Mr. J. Cameron MacDonald reports

WESTAIM ANNOUNCES DETAILS FOR INVESTOR DAY AND SHAREHOLDERS MEETING

The Westaim Corp. will host its annual investor day on Thursday, June 12, 2025, at 9:30 a.m. Eastern Time, in person at Vantage Venues, Inverness Room, 27th Floor, 150 King St. W, Toronto, Ont., Canada, M5H 1J9, and virtually via a live stream. The agenda will include a business overview and discussion with the management teams of Westaim, Arena, Ceres Life Insurance Company and CC Capital Partners LLC, 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 will hold its annual and special meeting of shareholders (AGM) on Thursday, June 12, 2025, at 9 a.m. Eastern Time. The AGM will occur in person at Vantage Venues, Inverness Room, 27th Floor, 150 King St. W, Toronto, Ont., Canada, M5H 1J9. The company will file its materials for the AGM, including a management information circular, under its profile on SEDAR+ later this month.

About The Westaim Corp.

Westaim is a United States investment firm specializing in providing long-term capital to businesses operating primarily within the global financial services industry. Westaim 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 Arena, the Arena FINCOs and Ceres Life. Arena and the Arena FINCOs are defined in the notes to Westaim's audited consolidated financial statements for the year ended Dec. 31, 2024, and Dec. 31, 2023, and the 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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