Newalta Announces Quarterly Dividend

TSX Trading Symbol: NAL

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

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 provides cost-effective solutions to industrial customers to improve their environmental performance with a focus on recycling and recovery of products from industrial residues. These services are provided both through our network of 80 facilities across Canada and at our customers' facilities where we mobilize our equipment and people to process material directly onsite. Our customers operate in a broad range of industries including the oil and gas, petrochemical, refining, lead, manufacturing and mining industries. The company has delivered strong, profitable growth for over 15 years and has established a leadership position in the industry with talented people, efficient and safe operations, innovative approaches and high ethical standards. 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]