The Fund provides Forward-looking Information for the upcoming year on zinc metal production, zinc metal sales, processing fee, zinc metal premiums and capital expenditures. The Fund provides this Information to shareholders and analysts because they are the key drivers of the business.  Readers are cautioned that the Information may not be appropriate for other reasons.

The Fund updates its Forward-looking Information in each of its quarterly MD&As.

This website contains Forward-looking Information concerning the Noranda Income Fund’s (“Fund”) objectives and 2008 general business outlook, zinc metal production and sales targets, estimated processing fee, zinc premium target, capital expenditures forecast and cash flow projections. Forward-looking Information can be identified by the use of words, such as “are expected”, “is forecast”, approximately or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.  Forward-looking Information involves known and unknown risks, uncertainties and other factors, which may cause the actual results, or performance to be materially different from any future results or performance expressed or implied by the Forward-looking Information.

Examples of such risks, uncertainties and other factors include, but are not limited to, the following: (1) the Fund’s ability to operate at normal production levels; (2) the dependence upon the continuing supply of zinc concentrates (terms of the Supply and Processing Agreement); (3) the demand for zinc metal, sulphuric acid and copper cake; (4) changes to the supply and demand for specific zinc metal products and the impact on the Fund’s realized premiums; (5) the impact of month prior pricing; (6) the ability of the Fund to continue to service customers in the same geographic region; (7) the sensitivity of the Fund’s Net Revenues to reductions in realized zinc metal prices including premiums, copper prices, sulphuric acid prices; the strengthening of the Canadian dollar vis-à-vis the US dollar; and increasing transportation and distribution costs; (8) the sensitivity of the Fund’s production costs to increases in electricity rates, other energy costs, labour costs and operating supplies used in its operations, the sensitivity of the Fund’s interest expense to increases in interest rates; (9) changes in recoveries and capital expenditure requirements; (10) the negotiation of collective agreements with its unionized employees; (11) general business and economic conditions; (12) transportation disruptions; (13) the legislation governing air emissions, discharges into water, waste, hazardous materials and workers’ health and safety, as well as the impact of future legislation and regulations on expenses, capital expenditures, taxation and restrictions on the operation of the Processing Facility; (14) potential negative financial impact from regulatory investigations, claims, lawsuits and other proceedings; (15) loan default and refinancing risk; and (16) reliance on Xstrata Canada for the operation and maintenance of the Processing Facility.

The Forward-looking Information represents our views.  The Fund anticipates that subsequent events and developments may cause the Fund’s views to change.