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Press release from Marketwire

Bennett Environmental Inc. Announces Increase in Previously Announced Financing to $25 Million

Thursday, April 15, 2010

Bennett Environmental Inc. Announces Increase in Previously Announced Financing to $25 Million10:58 EDT Thursday, April 15, 2010TORONTO, ONTARIO--(Marketwire - April 15, 2010) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESBennett Environmental Inc. (TSX:BEV) (the "Company" or "Bennett") is pleased to announce that it has increased its previously announced bought deal financing with a syndicate of underwriters led by Jennings Capital Inc. and including Cormark Securities Inc.The Company now intends to issue a total of 8,196,722 units ("Units") at a price of $3.05 per Unit ("Offering Price") for gross proceeds to Bennett of approximately $25 million (the "Offering"). Each Unit will consist of one common share of the Company and one-half of one warrant of Bennett (each whole warrant a "Warrant"), with each Warrant entitling the holder thereof to purchase one common share of the Company at a price of $3.75 for a period of 24 months after the date of the closing of the Offering. The Offering is expected to close on or about May 7, 2010 and is subject to regulatory approval.The Company has granted the underwriters an over-allotment option exercisable for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the number of Units issued pursuant to the Offering at the Offering Price. If the option is exercised in full, the total gross proceeds of the financing will be approximately $28.75 million. The Units will be offered in the applicable provinces via a short form prospectus. Closing of the Offering is subject to certain conditions, including but not limited to, receipt of all necessary securities regulatory approvals, including the approval of the TSX.The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.Forward-looking statements This press release contains certain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Bennett to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, risks relating to the proposed timing and closing of the financing described in this press release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Bennett expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.About Bennett Bennett Environmental Inc. is a North American leader in high temperature treatment services for the treatment of contaminated soil and has provided thermal solutions to contamination problems throughout Canada and the U.S. Bennett Environmental's technology provides for the safe, economical and permanent solution to contaminated soil. Independent testing has consistently proven that the technology operates well within the most stringent criteria in North America. For information, please visit the Bennett Environmental website at: www.bennettenv.com.FOR FURTHER INFORMATION PLEASE CONTACT: Bennett Environmental Inc. Jack Shaw (905) 339-1540