Mr. Michael Boone of Canadian Electrolytic Zinc reports

NORANDA INCOME FUND ANNUAL GENERAL MEETING VOTING RESULTS

Noranda Income Fund has released the voting results from its annual general meeting of unitholders held on April 28, 2016.

At the annual general meeting, there were six holders of priority units and special fund units of the fund represented in person or by proxy, holding 19,669,176 units and representing 39.35 per cent of the fund's 49,989,975 issued and outstanding units. The results of the vote for the election of trustees was as shown in the attached table.

Class             Nominee                 Votes for    % proxy    Votes withheld    % proxy

Priority and      Chris Eskdale          17,106,054     86.85%         2,590,808     13.15%
special units     Yvan Jost              18,011,040     91.44%         1,685,822      8.56%
                  Anthony P.L. Lloyd     18,449,105     93.67%         1,247,757      6.33%
                  Jean Pierre Ouellet    18,464,627     93.74%         1,232,235      6.26%
                  Francois R. Roy        18,265,823     92.73%         1,431,039      7.27%
                  Barry Tissenbaum       18,388,027     93.36%         1,308,835      6.64%
                  Dirk Vollrath          18,025,630     91.52%         1,671,232      8.48%

Noranda Income owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Que. 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 byproducts from sourced zinc concentrates. The processing facility is operated and managed by Canadian Electrolytic Zinc Ltd., a wholly owned subsidiary of Glencore Canada Corp.