Noranda Income Fund Annual General Meeting Voting Results

TORONTO, June 16, 2021 (GLOBE NEWSWIRE) -- 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 26 holders of Priority Units and Special Fund Units (“Units”) of the Fund represented in person or by proxy, holding 25,635,139 Units and representing 51.28% of the Fund’s 49,989,975 issued and outstanding Units. The results of the vote for the election of trustees were as follows:

Class	Nominee	Votes For	% Proxy	Votes Withheld	% Proxy
Priority and Special Units	Daniel Desjardins	22,624,367	92.81%	1,751,485	7.19%
	Wendy Kei	23,520,976	96.49%	854,876	3.51%
	Anthony P.L. Lloyd	22,045,342	90.44%	2,330,510	9.56%
	Francois R. Roy	22,913,276	94.00%	1,462,576	6.00%
	Yihua Xiao (Eva Shaw)	22,830,676	93.66%	1,545,176	6.34%
	Dirk Vollrath	22,826,676	93.64%	1,549,176	6.36%
	Peter Wright	22,615,757	92.78%	1,760,095	7.22%

About the Noranda Income Fund
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, Quebec. 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 more information:

Paul Einarson Interim Chief Executive Officer and Chief Financial Officer of Canadian Electrolytic Zinc Limited Noranda Income Fund’s Manager Tel.: [phone] [e-mail]