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Press release from Marketwire

Walter Energy's Board Announces Quarterly Dividend

Monday, August 01, 2011

Walter Energy's Board Announces Quarterly Dividend15:37 EDT Monday, August 01, 2011BIRMINGHAM, AL--(Marketwire - August 01, 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 Sept. 16, 2011 to shareholders of record at the close of business on Aug. 12, 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 thermal 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 has annualized pro forma revenues of approximately $2.3 billion and employs approximately 4,400 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: Paul BlalockInvestor Contact:604.608.2692 x 118paul.blalock@walterenergy.comORMichael A. MonahanMedia Contact:205.745.2628michael.monahan@walterenergy.com