News Centre

FOR: NORANDA INCOME FUND

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

Mar 21, 2006 - 08:00 ET

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:



----------------------------------------------------------------------

RECORD DATE PAYMENT DATE DISTRIBUTION PER UNIT

----------------------------------------------------------------------

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

----------------------------------------------------------------------

 


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.



FOR FURTHER INFORMATION PLEASE CONTACT:

Financial information:
Michael Boone
Vice President & Chief Financial Officer of Canadian Electrolytic Zinc Limited,
Noranda Income Fund's Manager
(416) 982-7188
Email: michael.boone@falconbridge.com
Website: www.norandaincomefund.com

or

Renmark Financial Communications Inc.
Sylvain Laberge
(514) 939-3989
Email: slaberge@renmarkfinancial.com

or

Renmark Financial Communications Inc.
Christine Stewart
(514) 939-3989
Email: cstewart@renmarkfinancial.com
Website: www.renmarkfinancial.com


Terms & Conditions of Use - Privacy Policy