Newalta To Hold Third Quarter 2007 Conference Call

    TSX Trading Symbol: NAL.UN

    CALGARY, Nov. 2 /CNW/ - Newalta Income Fund ("Newalta") will issue
results for the third quarter 2007 by press release on Wednesday, November 7,
2007 after the market closes and will hold its quarterly conference call on
Thursday, November 8, 2007 at 11:00 a.m. (ET).
    Newalta's management will review financial results for the third quarter
of 2007. The call will be hosted by Al Cadotte, President and CEO and Ron
Sifton, Executive Vice President and CFO.
    To participate in the teleconference, please call 416-644-3426 or
1-800-733-7560. 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, November 15, 2007, by dialing 1-877-289-8525 and using the passcode
21252636 followed by the number sign.

    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, 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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