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FOR: NORANDA INCOME FUND

Noranda Income Fund Annual General Meeting Voting Results

Jul 28, 2015 - 13:40 ET

SALABERRY-DE-VALLEYFIELD, QUÉBEC--(Marketwired - July 28, 2015) - Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced today the voting results from its Annual General Meeting (the "AGM") of unitholders held this morning.

At the AGM, there were 47 holders of Priority Units and Special Fund Units ("Units") of the Fund represented in person or by proxy, holding 21,986,463 Units and representing 43.98% of the Fund's 49,989,975 issued and outstanding Units. The results of the vote for the election of trustees was as follows:

Class Nominee Votes For % Proxy Votes Withheld % Proxy
Priority and Chris Eskdale 21,219,175 96.51% 767,288 3.49%
Special Yvan Jost 21,398,242 97.32% 588,221 2.68%
Units Anthony P.L. Lloyd 21,403,282 97.34% 583,181 2.66%
Jean Pierre Ouellet 21,568,536 98.09% 417,927 1.91%
François R. Roy 21,566,086 98.08% 420,377 1.92%
Barry Tissenbaum 21,549,846 98.01% 436,617 1.99%
Dirk Vollrath 21,218,146 96.50% 768,317 3.50%

The Board of Trustees of the Operating Trust also announced today the appointment of Jean Pierre Ouellet as Chair of the Board. Mr. Ouellet has been a trustee since 2010.

Noranda Income Fund is an income trust whose units trade on the Toronto Stock Exchange under the symbol "NIF.UN". Noranda Income Fund owns the electrolytic zinc processing facility and ancillary assets (the "Processing Facility") located in Salaberry-de-Valleyfield, Québec. The 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 zinc customers are located. It produces refined zinc metal and various by-products from sourced zinc concentrates. The Processing Facility is operated and managed by Canadian Electrolytic Zinc Limited, a wholly-owned subsidiary of Glencore Canada Corporation.

Further information about Noranda Income Fund can be found at www.norandaincomefund.com.



FOR FURTHER INFORMATION PLEASE CONTACT:

Michael Boone
Vice President and Chief Financial Officer,
Canadian Electrolytic Zinc Limited
Noranda Income Fund's Manager
416-775-1561
info@norandaincomefund.com



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