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Share: TORONTO, April 29, 2021 (GLOBE NEWSWIRE) Noranda Income Fund (TSX:NIF) (the Fund ) today reported its financial results for the first quarter ended March 31, 2021. The Fund also provided an update on the terms under which zinc concentrate will be purchased and zinc metal will be sold for the period of May 1, 2021, to April 30, 2022. Except where otherwise indicated, all amounts in this press release are expressed in US dollars. First Quarter 2021 Highlights (compared to same period in 2020) Earnings before income taxes of $11.0 million compared to $11.5 million Adjusted EBITDA Zinc metal production of 66,345 tonnes compared to 67,425 tonnes Zinc metal sales of 66,277 tonnes compared to 68,059 tonnes

Salaberry de valleyfieldUnited statesPaul einarsonWood mackenzieNoranda income fundBoard of trusteesInternational financial reporting standardsAdministration agreementManagement services agreementCanadian electrolytic zinc limited noranda income fundCanadian electrolytic zincFund adjustedToronto stock exchangeFund outlookFund annual information formGlencore canada corporation