News Centre

FOR: NORANDA INCOME FUND

Noranda Income Fund Announces Its September Cash Distribution

Sep 19, 2008 - 08:00 ET

VALLEYFIELD, QUEBEC--(Marketwire - Sept. 19, 2008) - The Noranda Income Fund (TSX:NIF.UN) announced today its monthly cash distribution for the month of September 2008 of $0.085 per unit. The distribution will be payable on October 27, 2008 to unitholders of record at the close of business on September 30, 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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September 30, 2008 October 27, 2008 8.5 cents
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August 31, 2008 September 25, 2008 8.5 cents
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July 31, 2008 August 25, 2008 8.5 cents
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June 30, 2008 July 25, 2008 8.5 cents
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May 31, 2008 June 25, 2008 8.5 cents
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April 30, 2008 May 26, 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: Michael Boone, Vice President &
Chief Financial Officer of Canadian Electrolytic
Zinc Limited, Noranda Income Fund's Manager
(416) 775-1561
Email: mboone@xstrata.ca
Website: www.norandaincomefund.com

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



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