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Press release from Marketwire

Walter Energy's Board Announces Quarterly Dividend

Monday, April 25, 2011

Walter Energy's Board Announces Quarterly Dividend09:30 EDT Monday, April 25, 2011TAMPA, FL--(Marketwire - April 25, 2011) - Walter Energy (NYSE: WLT) (TSX: WLT) announced today that its Board of Directors has declared a regular quarterly dividend of $0.125 per common share, payable on June 3, 2011 to shareholders of record at the close of business on May 6, 2011.About Walter EnergyWalter Energy is the world's leading, publicly traded "pure play" metallurgical coal producer for the global steel industry. The Company also produces steam coal and industrial coal, anthracite, metallurgical coke and coal bed methane gas. The Company has strategic access to high-growth steel markets in Asia, South America and Europe. Walter Energy had pro forma 2010 revenues of approximately $2.3 billion and employs approximately 4,000 employees and contractors with operations in the United States, Canada and United Kingdom. For more information about Walter Energy, please visit the company website at www.walterenergy.com.WLTFOR FURTHER INFORMATION PLEASE CONTACT: Mark TubbInvestor Contact:Vice President - Investor Relations813.871.4027mtubb@walterenergy.comORMichael A. MonahanMedia Contact:Director - Corporate Communications205.745.2628mmonahan@walterenergy.com