Unitholder Meeting to be Requisitioned for Noranda Income Fund

TORONTO, Aug. 27 /CNW/ - West Face Capital Inc. and Clearwater Capital Management Inc. announced today that they and certain others, which in the aggregate hold or control in excess of 10% of the outstanding priority units issued by Noranda Income Fund, have undertaken arrangements to requisition a unitholder meeting, for the purposes of replacing the independent trustees of Noranda Operating Trust.  Notice of the requisition was delivered to the independent committee of trustees on August 26, 2010.

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West Face Capital Inc.

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CLEARWATER CAPITAL MANAGEMENT INC.

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