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Noranda Income Fund Provides Update on Collective Bargaining Agreement Negotiations

SALABERRY-DE-VALLEYFIELD, QUÉBEC–(Marketwired – Feb. 13, 2017) – Noranda Income Fund (TSX:NIF.UN) (the “Fund”) has received notice that unionized workers at its zinc processing facility in Salaberry-de-Valleyfield, Québec, affiliated with the United Steelworkers of America, have initiated a strike effective February 12, 2017.

In response to the strike, management at the processing facility is implementing measures to secure operations in accordance with plant safety procedures. Management expects that this activity will be completed in the coming days with partial production resuming thereafter with staff operating the facility.