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Westaim announces 2007 year-end results
Date:2/15/2008

Months Ended Twelve Months Ended

December 31 December 31

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Segmented Information 2007 2006 2007 2006

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Revenue from continuing

operations

Nucryst Pharmaceuticals $ 11,174 $ 5,140 $ 31,830 $ 27,591

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Operating income (loss)

Nucryst Pharmaceuticals $ 3,532 $ (2,200) $ (635) $ (11,216)

Other (including

corporate costs) (1,826) (1,311) (10,805) (6,128)

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Operating income (loss) from

continuing operations $ 1,706 $ (3,511) $ (11,440) $ (17,344)

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December December

Consolidated Balance Sheets 31, 2007 31, 2006

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Cash and short-term

investments $ 30,993 $ 62,486

Current assets 51,561 80,256

Other assets 31,826 68,083

Current liabilities 8,461 15,977

Shareholders' equity 56,371 112,977

THE WESTAIM CORPORATION

Consolidated Statements of Operations and Consolidated Statements

of Comprehensive loss and Deficit

(unaudited)

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SOURCE Westaim Corporation
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