Newalta Announces Quarterly Dividend

TSX Trading Symbol: NAL

CALGARY , Dec. 15 /CNW/ - Newalta Inc. ("Newalta") (TSX:NAL) today announced that it has declared a quarterly cash dividend of $0.05 per common share for the fourth quarter of 2009, payable on January 15, 2010 , to all shareholders of record on December 31, 2009 . The ex-dividend date is December 29, 2009 .

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 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, nonhazardous 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 www.newalta.com.

For further information: Anne M. MacMicken, Executive Director, Investor Relations, Phone: [phone]