Newalta Inc. Announces Quarterly Dividend and Expected 2009 Dividend Schedule

    TSX Trading Symbol: NAL

    CALGARY, May 14 /CNW/ - Newalta Inc. ("Newalta") (TSX:NAL) today
announced that it has declared a quarterly cash dividend of $0.05 per common
share for the second quarter of 2009, payable on July 15, 2009, to all
shareholders of record on June 30, 2009. The ex-dividend date is June 26,
    Newalta expects that the dividends will be "eligible dividends" for
income tax purposes and thus qualify for the enhanced gross-up and tax credit
regime for certain shareholders.
    Newalta also announced today the expected record and payment dates for
its quarterly dividends for the remainder of 2009. Newalta expects to pay
quarterly dividends of $0.05 per share, as follows:

    Record Date         Payment Date      Ex-Dividend Date   Dividend Amount
    September 30, 2009  October 15, 2009  September 28, 2009           $0.05
    December 31, 2009   January 15, 2010  December 29, 2009            $0.05

    Newalta Inc. is Canada's largest industrial waste management and
environmental services provider and focuses on maximizing the value inherent
in industrial waste through the recovery of saleable products and recycling.
It also provides environmentally sound disposal of solid, non-hazardous
industrial waste. With talented people and a national network of facilities,
Newalta serves customers in the automotive, construction, forestry, lead,
manufacturing, mining, oil and gas, petrochemical, pulp and paper, refining,
steel and transportation service industries. Providing solid investor returns,
exceptional customer service, safe operations and environmental stewardship
has enabled Newalta to expand into new service sectors and geographic markets.
Newalta trades on the TSX as NAL. For more information, visit

    This news release contains statements that may constitute
"forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, among others,
statements regarding expected dividends and other expectations, beliefs,
goals, objectives, information and statements about possible future events.
Readers are cautioned not to place undue reliance on such forward-looking
information. Forward-looking information is based on current expectations,
estimates and assumptions that involve a number of risks, which could cause
actual results to vary and in some instances to differ materially from those
anticipated by Newalta and described in the forward-looking information
contained in this news release. Among the various factors that could cause
results to vary materially from those indicated in the forward-looking
information include, but are not limited to, variations in operating results,
maintenance and growth capital requirements, the aggregate funded debt levels
of Newalta, industry conditions, fluctuations in commodity prices, the
availability of financing alternatives, and debt service needs. Readers should
also be aware that the forward-looking information is also affected by the
risk factors described in Newalta's Annual Information Form and those set
forth from time to time in Newalta's continuous disclosure filings with
Canadian securities regulatory authorities, which are available through
Newalta's website at and on the SEDAR website at No assurance can be given that any of the events anticipated by
the forward-looking information will transpire or occur or, if any of them do
so, what benefits Newalta will derive therefrom.

For further information:

For further information: Anne M. MacMicken, Executive Director, Investor
Relations, Phone: (403) 806-7019

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