Noranda Income Fund Annual General Meeting Voting Results

TORONTO, June 16, 2022 (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 27 holders of Priority Units and Special Fund Units (“Units”) of the Fund represented in person or by proxy, holding 27,869,895 Units and representing 55.75% 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	22,234,690	94.12%	1,389,229	5.88%
	Wendy Kei	23,106,669	97.81%	517,250	2.19%
	Anthony P.L. Lloyd	22,260,594	94.23%	1,363,325	5.77%
	Francois R. Roy	23,124,058	97.88%	499,861	2.12%
	Yihua Xiao (Eva Shaw)	23,044,085	97.55%	579,834	2.45%
	Dirk Vollrath	23,038,169	97.52%	585,750	2.48%
	Peter Wright	22,219,910	94.06%	1,404,009	5.94%

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
Chief Executive Officer of Canadian Electrolytic Zinc Limited Noranda Income Fund’s Manager

Tel.: 514-745-9380

[email protected]

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