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FOR: NORANDA INCOME FUND

Noranda Income Fund Announces its April Cash Distribution of 4 Cents Per Priority Unit

20% Reduction in Sulphuric Acid and Zinc Production to Continue in May

Apr 21, 2009 - 08:00 ET

20% Reduction in Sulphuric Acid and Zinc Production to Continue in May

VALLEYFIELD, QUEBEC--(Marketwire - April 21, 2009) - The Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced today its monthly distribution for the month of April 2009 of $0.04 per unit. The distribution will be payable on May 25, 2009 to Priority Unitholders of record at the close of business on April 30, 2009.

In February, the Fund had received notice from its sales agent, Xstrata Canada Corporation that it was unable to arrange for sales and/or temporary storage for sulphuric acid in quantities equal to the normal rate of production. April sulphuric acid demand from the Fund's traditional customers is continuing at levels that are similar to January to March period. As a result, May production of sulphuric acid and zinc will be reduced by approximately 20% from 2008 levels, since the Fund's sulphuric acid storage capacity is nearly full.

The reduction in production will negatively impact the Fund's profitability and cash flow. The Fund is unable to predict with any certainty the expected duration of weak demand for sulphuric acid.

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.

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
mboone@xstrata.ca



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