Newalta Completes Internal Amalgamation

TSX Trading Symbol: NAL

CALGARY , Jan. 4 /CNW/ - Newalta Corporation ("Newalta") (TSX:NAL) today announced it has completed the previously announced amalgamation between Newalta Inc. and its wholly-owned operating subsidiary, Newalta Corporation, effective January 1, 2010 . In connection with this internal reorganization, the name of the resulting public entity is now Newalta Corporation. Both Newalta's shares and debentures continue to trade under the same respective symbols of NAL and NAL.DB, and shareholders and debentureholders are not required to take any action with respect to their share certificates.

Newalta 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 www.newalta.com.

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