News Releases

CALGARY, ALBERTA – August 3, 2007 /CNW/ - Newalta Income Fund ("Newalta") will issue results for the second quarter 2007 by press release on Wednesday, August 8, 2007 after the market closes and will hold its quarterly conference call on Thursday, August 9, 2007 at 4:00 p.m. (ET).

Newalta's management will review financial results for the second 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 416-644-3423 or 1-800-733-7560. To access the simultaneous webcast, please visit www.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 Thursday, August 16, 2007, by dialing 1-877-289-8525 and using the passcode 21243054.

Newalta Income Fund is one of Canada's leading industrial waste management and environmental services companies 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, visit www.newalta.com.