ALBERTA WASTE ENTERS INTO A LETTER OF INTENT.

CALGARY, ALBERTA--(BUSINESS WIRE)--JUNE 6, 1995--ALBERTA WASTE RESOURCE (Alberta Stock Exchange:ALW) The company announces that it has entered into a Letter of Intent for the acquisition of Alberta Tire Collection Inc., the largest collector of used tires in the Province of Alberta. This acquisition will give ALW a marketing organization to assist in promoting the company's recycling capabilities and a collection network for the various waste streams ALW intends to process at the recycling plant in Wetaskiwin, which ALW is in the process of acquiring.

The fleet of equipment owned by Alberta Tire, along with its collection facility in Calgary will aid ALW in establishing a major market presence in southern Alberta. Specifically, this acquisition will also allow ALW to significantly enhance its collection network for used automotive and industrial batteries needed to expand the capacity of their recycling operation.

With this acquisition ALW is implementing its plan to expand its market into the transportation and processing of used tires, which will allow ALW to qualify for the tire recycling subsidy program offered by the Alberta government.

Under the terms of the Letter of Intent ALW shall purchase the assets of Alberta Tire Collection Inc. in exchange for cash, assumption of debt, and approximately 285,000 shares of stock to be issued from the treasury of the company. This transaction shall be subject to regulatory approval. -0-

NOTE: The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.

CONTACT: Frederick Cooke

President

or

Paul Bendzik

[phone]

[phone] (FAX)