NORANDA INCOME FUND

NORANDA INCOME FUND

April 17, 2006 18:37 ET

Noranda Income Fund-First Quarter 2006 Results, Conference Call and Annual General Meeting

TORONTO, ONTARIO--(Marketwire - April 17, 2006) –

Attention Business Editors:

Noranda Income Fund will host its Annual General Meeting at 3 p.m. on April 27, 2006 in the Gallery Room at the TSX Broadcast & Conference Centre, The Exchange Tower, 130 King Street West, Toronto, Ontario. We would be very pleased if you could join us. The First Quarter 2006 results will be released earlier in the day.

You can also listen to our Annual General Meeting and view the slide presentation from our web site http://www.norandaincomefund.com/ in the Investor Centre/Conference Calls section of the site.

The quarterly conference call will be held on April 28, 2006 at 8:30 a.m. EST. To join us by telephone, please call 416-644-3423 five minutes prior to the start time. North American callers may call toll free at 1-800-814-4890.

In addition, it will be possible to listen to the teleconference and view the slide presentation from our website http://www.norandaincomefund.com in the Investor Centre/Conference Calls section of the site.

A recording of the teleconference will be available by calling 416-640-1917 or 1-877-289-8525. You will need the pass code: 2118 5443 followed by the number sign and will be prompted for your name and company. The 1-877 number is available only to calls originating in North America. The results will be available until midnight on May 5, 2006.

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