NORANDA INCOME FUND

NORANDA INCOME FUND

March 21, 2006 08:00 ET

Noranda Income Fund Announces Its Monthly Cash Distribution for the Month of March

VALLEYFIELD, QUEBEC--(Marketwire - March 21, 2006) –

Attention Business/Financial Editors:

The Noranda Income Fund (TSX:NIF.UN) announced today its monthly cash distribution for the month of March of $0.085 per unit. The distribution will be payable on April 25, 2006 to unitholders of record at the close of business on March 31, 2006.

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



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RECORD DATE PAYMENT DATE DISTRIBUTION PER UNIT

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March 31, 2006 April 25, 2006 8.5 cents

February 28, 2006 March 27, 2006 8.5 cents

January 31, 2006 February 27, 2006 8.5 cents

December 31, 2005 January 25, 2006 8.5 cents

November 30, 2005 December 28, 2005 8.5 cents

October 31, 2005 November 25, 2005 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 was created to acquire Falconbridge's CEZinc processing facility and ancillary assets (the "CEZinc processing facility") located in Salaberry-de-Valleyfield, Quebec. 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.

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

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