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FOR: NORANDA INCOME FUND

Motion to Institute a Class Action Against CEZinc is Dismissed

Jun 4, 2008 - 13:34 ET

VALLEYFIELD, QUEBEC--(Marketwire - June 4, 2008) - Noranda Income Fund (TSX:NIF.UN) has confirmed that the Honourable Justice Helene Poulin of the Superior Court of the province of Quebec has dismissed the motion to institute a class action suit filed against its' manager, Canadian Electrolytic Zinc Limited ("CEZinc"), following the release of sulphur trioxide (SO3) from the refinery in Salaberry-de-Valleyfield on August 9, 2004. The Superior Court's judgment confirms the position held by CEZinc since the beginning, that the class action suit was unfounded.

The class representative had sought authorization to file a class action suit in the days following the incident, on behalf of the individuals who were inconvenienced by the accidental release of sulphur trioxide. CEZinc management is satisfied with the judgment and hopes this will put an end to the proceedings. The class representative has 30 days to appeal the decision.

Since 2004, CEZinc management has reviewed and improved its communications protocol, and has invested $1.1 million to improve the control systems at the acid plants and to increase the number of electronic sulphur surveillance posts. In 2005, CEZinc obtained ISO 14 001 certification for environmental management.

The staff and management at CEZinc are committed to ethical values by adhering to the strictest norms. CEZinc remains a responsible corporate citizen, dedicated to protecting the environment and respecting its laws. It works closely with Environment Canada, Quebec's Ministere du Developpement durable, de l'Environnement et des Parcs and is an involved partner in sustainable development within the community.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Financial information: Noranda Income Fund's Manager
Michael Boone, Vice President & Chief Financial Officer
of Canadian Electrolytic Zinc Limited
(416) 775-1561
Email: mboone@xstrata.ca
Website: www.norandaincomefund.com

or

Information:
CEZinc
Janick Tetreault-Moise
Communication and Public Affairs
(450) 373-9144, extension 2319
Email: jtetreault@xstratazinc.ca



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