NORANDA INCOME FUND

NORANDA INCOME FUND

October 23, 2007 15:57 ET

Noranda Income Fund Third Quarter 2007 Conference Call

TORONTO, ONTARIO--(Marketwire – Oct. 23, 2007) - Noranda Income Fund (TSX:NIF.UN) will host its quarterly conference call on November 5, 2007 at 4 p.m. EST. To join us by telephone, please call 416-644-3417 five minutes prior to the start time. North American callers may call toll free at 1-800-732-9303.

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: 2125 1332 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 November 12, 2007.

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