Noranda Income Fund Third Quarter 2006 Results and Conference Call

Noranda Income Fund Third Quarter 2006 Results and Conference Call

TORONTO, Oct. 20, 2006 - Noranda Income Fund (TSX: NIF.UN) will host its quarterly conference call on Tuesday, November 7, 2006 at 4:30 p.m. EST. To join us by telephone, please call 416-644-3428 five minutes prior to the start time. North American callers may call toll free at 1-800-814-4890.

In addition, it will be possible to listen to the teleconference and view the slide presentation from our website at http://www.norandaincomefund.com in the Investor Centre/Conference Calls section of the site.

A recording of the teleconference will be available by calling 416-640-1917 or 1-877-289-8525. You will need the pass code: 2120 7323 followed by the number sign and will be prompted for your name and company. The 1-877 number is available only to calls originating in North America. The results will be available until midnight on November 14, 2006.

For further information:

Michael Boone

Vice President and Chief Financial Officer

(416) 982-7188

MBoone@xstrata.ca

Renmark Financial Communications Inc.

Sylvain Laberge : slaberge@renmarkfinancial.com

Christopher Wells : cwells@renmarkfinancial.com

Tel. : (514) 939-3989

Fax : (514) 939-3717

www.renmarkfinancial.com

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