Newalta to Hold Fourth Quarter and Year-End 2007 Conference Call

    TSX Trading Symbol: NAL.UN

    CALGARY, Feb. 28 /CNW/ - Newalta Income Fund ("Newalta") today announced
that it will release fourth quarter and year-end 2007 results after the close
of markets on Wednesday, March 5, 2008 and will hold its quarterly conference
call on Thursday, March 6, 2008 at 11:00 a.m. Eastern Time.
    Newalta's management will review financial results for the fourth quarter
and year-end 2007. The call will be hosted by Al Cadotte, President and CEO;
Ron Sifton, Executive Vice President and CFO; and Jim McClimans, Vice
President, Finance.
    To participate in the teleconference, please call 416-644-3431 or
1-800-814-4861. To access the simultaneous webcast, please visit For those unable to listen to the live call, a taped
broadcast will be available at and, until midnight on
Thursday, March 13, 2008, by dialing 1-877-289-8525 and using the passcode

    Newalta Income Fund is the largest Canadian 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, forestry,
manufacturing, mining, oil and gas, lead, petrochemical, pulp and paper, 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 Income Fund's units trade on the TSX as NAL.UN. For more information,

For further information:

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

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