News Releases

CALGARY, ALBERTA - Aug. 4, 2005 /CNW/ - Newalta Income Fund (TSX:NAL.UN) ("Newalta") today announced that management will hold its quarterly conference call on Thursday, August 11, 2005, at 1:00 p.m. Eastern Time.

The call will be hosted by Al Cadotte, President and Chief Executive Officer; Ron Sifton, Senior Vice President, Finance and Chief Financial Officer; and Rob Morin, Vice President, Finance.

To participate in the teleconference, please call 1-888-334-9269 or 416-695-9709. 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 18, 2005, by dialing
1-888-509-0081 or 416-695-5275.

Newalta Income Fund is an open-ended trust that maximizes the inherent value in certain industrial wastes through recovery of saleable products and recycling, rather than disposal. Through an integrated network of 44 state-of-the-art facilities, Newalta delivers world-class solutions to a broad customer base of national and international corporations, in a range of industries, including the automotive, forestry, pulp and paper, manufacturing, mining, oil and gas, petrochemical, and transportation services industries. With a track record of profitable growth and environmental stewardship, Newalta is focused on leveraging its position in new service sectors and geographic markets from coast to coast.