Bennett Environmental Inc.
TSX : BEV

Bennett Environmental Inc.

July 03, 2008 11:41 ET

BEI Announces Agreement to Sell Belledune Net Assets

OAKVILLE, ONTARIO--(Marketwire - July 3, 2008) - Bennett Environmental Inc. (TSX:BEV) (the "Company" or "BEI") today announced that its Board has approved entering into an agreement to sell the net assets of its Belledune facility. The agreement is subject to normal conditions to closing, including the negotiation of a definitive purchase and sale agreement. It is expected that the transaction will close by the end of August. Total consideration received by the Company will be $2.9 million which results in the immediate write down of approximately $1 million to the Belledune assets to reflect this transaction.

Forward Looking Statements

Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. BEI believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. BEI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Bennett Environmental Inc.

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.

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