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Westaim Announces Recommendation from RiskMetrics Group
Date:3/15/2010

partner and the proposed transformational transaction provides WED with a new focus." "Management believes the acquisition will help create long term value...Market reaction has been positive and the stock is trading at its 52-week high."

"We are pleased that RiskMetrics supports our view that Westaim shareholders should vote FOR the Financing Resolution," said Cameron MacDonald, Westaim's President and Chief Executive Officer. "We urge shareholders not to delay voting their proxy, in order to ensure it is received in time to be counted at the Special Meeting."

A Management Information Circular, dated February 26, 2010 has been mailed to shareholders and filed on SEDAR (www.sedar.com) and Westaim's web page (www.westaim.com). The Circular contains, among other items, details regarding the Financing Resolution, the sale of the subscription receipts, the terms of the acquisition, the business of JEVCO and certain historical and pro forma financial information relating to JEVCO and Westaim.


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