Noranda Income Fund reduces 2007 production and sales forecast

    VALLEYFIELD, QC, June 18 /CNW/ - The Noranda Income Fund (TSX: NIF.UN)
announced today its 2007 production and sales forecast has been revised to
265,000 tonnes and 272,000 tonnes respectively. For the second quarter,
production is expected to be 63,000. Production in 2007 has been negatively
impacted by process difficulties in the hydrometallurgical section of the
plant. Further details will be given in the second quarter results.
    This change is not expected to impact the 2007 monthly distributions.

    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, Québec. 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 Falconbridge Limited.
    Further information about the Noranda Income Fund can be found at

    %SEDAR: 00017578EF

For further information:

For further information: Financial information: Michael Boone, Vice
President & Chief Financial Officer of Canadian Electrolytic Zinc Limited,
Noranda Income Fund's Manager, Tel: (416) 775-1561,; Renmark Financial Communications Inc.,, Christine Stewart,;
Christopher Wells,, Tel.: (514) 939-3989

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