Noranda Income Fund announced that it has received notice from Glencore Canada Corporation (“Glencore”) that in accordance with the terms of the Trust Indenture for the Noranda Operating Trust, Glencore has decided to withdraw Ken Klassen’s nomination as a trustee of the Trust in order for Mr. Klassen to serve Glencore elsewhere in a consulting capacity. As a result of the withdrawal of Mr. Klassen’s nomination, Mr. Klassen is no longer being put forward for election as a trustee at the annual meeting of unitholders scheduled to occur on June 19, 2020. In accordance with the terms of the Trust Indenture for the Trust, the vacancy which will be created following the Meeting and the resulting expiry of Mr. Klassen’s term will be filled by Glencore. Glencore has provided notice that it will appoint Mr. Peter Wright to fulfill such vacancy. Since 2018, Peter has served as Director and Vice President, Legal, of Glencore. The Fund looks forward to welcoming Mr. Wright as a trustee.