TAMPA, FL--(Marketwire - 10/28/09) - Walter Energy (NYSE:WLT - News), a leading U.S. producer and exporter of premium coking coal for the global steel industry, announced today that its Board of Directors has declared a regular quarterly dividend of $0.10 per common share, payable on Dec. 4, 2009 to shareholders of record at the close of business on Nov. 6, 2009.

About Walter Energy

Walter Energy is a leading U.S. producer and exporter of premium coking coal for the global steel industry and also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas. The Company has revenues of approximately $1.2 billion and employs approximately 2,150 people. For more information about Walter Energy, please visit the Company website at www.walterenergy.com.

WLT