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NUCRYST Announces Distribution of Supplemental Information In Connection with Special Meeting of Shareholders
Date:1/15/2010

PRINCETON, NJ, Jan. 15 /PRNewswire-FirstCall/ - NUCRYST Pharmaceuticals Corp. ("Nucryst") (TSX:NCS/NASDAQ:NCST) today announced that it will be distributing to shareholders an additional supplement (the "Supplement") to the Notice and Information Circular dated November 25, 2009 previously delivered to shareholders in connection with the Special Meeting of Shareholders that was adjourned on December 31, 2009. The special meeting was originally held to consider a special resolution (the "Amalgamation Resolution") to approve the proposed amalgamation of NUCRYST with a newly formed subsidiary of The Westaim Corporation ("Westaim") to form Amalco (the "Amalgamation"). The meeting was adjourned until January 22, 2010 to afford NUCRYST additional time to allow for the United States regulatory review process associated with a going private transaction. The Supplement is being distributed in response to comments received from the United States Securities and Exchange Commission in order to provide shareholders with additional information regarding the matter to be voted upon at the reconvened meeting. On January 22, 2010, the Company expects to further adjourn the meeting until February 8, 2010 to allow shareholders adequate time to consider the information provided in the Supplement.

At the reconvened meeting on February 8, 2010, shareholders will be asked to consider and, if deemed appropriate, to re-approve the Amalgamation Resolution. After reviewing the information in the Supplement, Shareholders that have previously voted on the Amalgamation Resolution ma
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SOURCE NUCRYST Pharmaceuticals Corp.
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