NORANDA INCOME FUND

NORANDA INCOME FUND

November 21, 2007 08:00 ET

Noranda Income Fund Announces Its November Cash Distribution

VALLEYFIELD, QUEBEC--(Marketwire – Nov. 21, 2007) - The Noranda Income Fund (TSX:NIF.UN) announced today its monthly cash distribution for the month of November 2007 of $0.085 per unit. The distribution will be payable on December 27, 2007 to unitholders of record at the close of business on November 30, 2007.

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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November 30, 2007 December 27, 2007 8.5 cents

October 31, 2007 November 26, 2007 8.5 cents

September 30, 2007 October 25, 2007 8.5 cents

August 31, 2007 September 25, 2007 8.5 cents

July 31, 2007 August 27, 2007 8.5 cents

June 30, 2007 July 25, 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, 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, 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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