NIF.UN Noranda Income Fund

Noranda Income Fund Announces the Appointment of a New Trustee

SALABERRY-DE-VALLEYFIELD, QUEBEC--(Marketwired - Mar 12, 2014) - Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced today that Yvan Jost has been appointed to the Board of Noranda Operating Trust ("Board").

Yvan Jost joined GlencoreXstrata plc ("Glencore") in March 2013 as an Asset Manager. Prior to joining Glencore, he was employed in the investment management industry, where he focused on investments in industrial businesses. Prior to that, he was a Management Consultant with Arthur D. Little Inc.'s strategy and organization practice. Yvan Jost has a degree in Business Administration from University of St. Gallen in Switzerland.

Yvan Jost will be joining Chris Eskdale and Dirk Vollrath whose appointments were announced in December 2013, as the Glencore representatives on the Board.

John J. Swidler, Chairman of the Board, welcomes the appointment of Yvan Jost. His expertise will be an important contribution to the Board and to the Fund.

John Whyte resigned from the Board on February 28, 2014. John J. Swidler acknowledges and thanks him for his valuable contribution to the Board.

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.

Michael BooneVice President and Chief Financial Officer,Canadian Electrolytic Zinc LimitedNoranda Income Fund's Manager416-775-1561info@norandaincomefund.com