Noranda Income Fund announced that for the period of May 1, 2021, to April 30, 2022, the Fund and Glencore Canada Corporation have agreed upon a fixed premium price on zinc metal sales but have not reached terms on the purchases of primary zinc concentrates. As such, the parties have mutually agreed to extend the negotiation for a three-month period, or until July 31, 2021, while adopting the agreement's fallback position regarding the purchase of concentrates for the same period. As per the terms of the agreement, the fallback position is a treatment charge based on market variations, among other conditions. As per the agreements in place, Glencore Canada, as principal, supplies the Fund with all of its zinc concentrate requirements and purchases all of its zinc metal for the five-year period ending April 30, 2025. The terms for each contractual period (commencing May 1 of the respective calendar year) are to be agreed upon annually in-line with prevailing market conditions and in consultation with the Independent Trustees' independent industry consultants. Detailed terms are not disclosed as they are considered commercially sensitive and confidential as per the agreement in place.