Noranda Income Fund Announces Its July Cash Distribution

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Tue Jul 22, 2008 8:01am EDT 

  VALLEYFIELD, QUEBEC, Jul 22 (MARKET WIRE) -- 
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:
---------------------------------------------------------------------------
RECORD DATE                     PAYMENT DATE        DISTRIBUTION PER UNIT
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------


    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

Contacts:
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

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

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

Copyright 2008, Market Wire, All rights reserved.

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