NORANDA INCOME FUND

NORANDA INCOME FUND

March 19, 2008 08:00 ET

Noranda Income Fund Announces Its March Cash Distribution

VALLEYFIELD, QUEBEC--(Marketwire - March 19, 2008) - The Noranda Income Fund (TSX:NIF.UN) announced today its monthly cash distribution for the month of March 2008 of $0.085 per unit. The distribution will be payable on April 25, 2008 to unitholders of record at the close of business on March 31, 2008.



The schedule below sets out Noranda Income Fund's cash distribution history during the last six months:

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RECORD DATE PAYMENT DATE DISTRIBUTION PER UNIT

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March 31, 2008 April 25, 2008 8.5 cents

February 29, 2008 March 25, 2008 8.5 cents

January 31, 2008 February 25, 2008 8.5 cents

December 31, 2007 January 25, 2008 8.5 cents

November 30, 2007 December 27, 2007 8.5 cents

October 31, 2007 November 26, 2007 8.5 cents

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Noranda Income Fund is an income trust whose units trade on the Toronto Stock Exchange under the symbol "NIF.UN". The Noranda Income Fund owns the CEZinc processing facility and ancillary assets (the "CEZinc processing facility") located in Salaberry-de-Valleyfield, Québec. The CEZinc processing facility is the second-largest zinc processing facility in North America and the largest zinc processing facility in eastern North America, where the majority of its customers are located. It produces refined zinc metal and various by-products from zinc concentrates purchased from mining operations. The Processing Facility is operated and managed by Canadian Electrolytic Zinc Limited, a wholly-owned subsidiary of Xstrata Canada Corporation.

Further information about the Noranda Income Fund can be found at www.norandaincomefund.com

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