April 19, 2006 08:01 ET

Noranda Income Fund Announces Its Monthly Cash Distribution for the Month of April and Reports First Quarter Production and Sales

VALLEYFIELD, QUEBEC--(Marketwire - April 19, 2006) -

Attention Business/Financial Editors:

The Noranda Income Fund (TSX:NIF.UN) announced today its monthly cash distribution for the month of April of $0.085 per unit. The distribution will be payable on May 25, 2006 to unitholders of record at the close of business on April 30, 2006.

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




April 30, 2006 May 25, 2006 8.5 cents

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


Production and Sales

During the first quarter of 2006, production and sales of zinc metal totalled 61,684 and 62,606 tonnes, respectively, compared to 66,851 and 62,984 tonnes in the first quarter of 2005. Production was negatively affected by the breakdown of one of the electrolyte circulation pipes in the refinery. Repairs have been made and production is back to normal. For 2006, production and sales have been revised to 273,000 tonnes - the same level as what was achieved in 2005.

Forward-Looking Statement

This news release contains Forward-Looking Statements regarding the Fund and the CEZinc processing facility, including a revised estimate of production and sales for 2006. Forward-Looking Statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results or performance to be materially different from any future results or performance to be materially different from any future results or performance expressed or implied by the Forward-Looking Statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among others, such key factors as the Fund's ability to operate at normal production levels; the dependence upon the continuing supply of zinc concentrates (terms of the Supply and Processing Agreement); the demand for zinc metal; general business and economic conditions; and transportation disruptions.

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.

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