Newalta Announces Dates for Annual Meeting, First Quarter 2010 Results and Conference Call

CALGARY, ALBERTA - May 3, 2010 /CNW/ - Newalta Corporation ("Newalta") (TSX:NAL) will hold its annual meeting of shareholders on Wednesday, May 12, 2010 at 2:00 p.m. Mountain Time.

Newalta also announced today that it will issue its results for the first quarter of 2010 on Monday, May 10, 2010 after the market closes. Newalta will hold a conference call to discuss its results on Tuesday, May 11, 2010 at 4:00 p.m. Eastern Time.

Newalta's management will review financial results for the first quarter of 2010. The call will be hosted by Al Cadotte, President and CEO, and Mike Borys, Senior Vice President and CFO.

To participate in the teleconference, please call 416-695-7848 or 1-800-766-6630. To access the simultaneous webcast, please visitwww.newalta.com. For those unable to listen to the live call, a taped broadcast will be available at www.newalta.com and, until midnight on Tuesday, May 18, 2010, by dialing 1- 800-408-3053 and using the pass code 1433465.

Details of the annual meeting of shareholders are as follows:

Date: Wednesday, May 12, 2010

Location: Newalta's corporate office, Building 'C' 
220 – 12th Avenue, S.W.
Calgary, Alberta

Time: 2:00 p.m. Mountain Time

For those unable to attend the annual meeting, the presentation will be webcast live at www.newalta.com and subsequently archived on Newalta's website.

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: Investors: Anne M. Plasterer, Executive Director, Investor Relations, (403) 806-7019 / Media: Stephen W. Lewis, Executive Director, Corporate Communications, (403) 806-7012 / www.newalta.com