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FOR: NORANDA INCOME FUND

Noranda Income Fund Announces Its July Cash Distribution

Jul 22, 2008 - 08:00 ET

VALLEYFIELD, QUEBEC--(Marketwire - July 22, 2008) - The Noranda Income Fund (TSX:NIF.UN) announced today its monthly cash distribution for the month of July 2008 of $0.085 per unit. The distribution will be payable on August 25, 2008 to unitholders of record at the close of business on July 31, 2008.



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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July 31, 2008 August 25, 2008 8.5 cents
June 30, 2008 July 25, 2008 8.5 cents
May 31, 2008 June 25, 2008 8.5 cents
April 30, 2008 May 26, 2008 8.5 cents
March 31, 2008 April 25, 2008 8.5 cents
February 29, 2008 March 25, 2008 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 

FOR FURTHER INFORMATION PLEASE CONTACT:

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

or

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

or

Renmark Financial Communications Inc.
Christopher Wells
(514) 939-3989
Email: cwells@renmarkfinancial.com
Website: www.renmarkfinancial.com



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