/C O R R E C T I O N From Source - Noranda Inc./

/C O R R E C T I O N From Source - Noranda Inc./
In TO218 sent today at 16:47e, "Noranda and Teck Cominco reach agreement for
Noranda to earn 50% interest in the Lennard Shelf zinc mine", an error occurred
in the first paragraph, second sentence. "Noranda will be required to
effectively invest approximately A$26 million" and not "A$16 million" as
originally issued. Correct copy follows.


TORONTO, April 23  /PRNewswire-FirstCall/ -- Noranda Inc. (TSX and NYSE: NRD)
today announced that it has reached an agreement with Teck Cominco Limited
(TSX: TEK.b) to earn a 50% interest in the Lennard Shelf mineral properties,
plant and equipment and infrastructure in Western Australia. In order to earn
its 50% interest, Noranda will be required to effectively invest approximately
A$26 million in exploration, operating, capital expenditures or other advances
in Lennard Shelf. The property was acquired by Teck Cominco from Western Metals
Limited in October 2003 for A$26 million.

The Lennard Shelf mines are currently on care and maintenance. Work was
suspended by Western Metals in late November 2003. Noranda and Teck Cominco
will endeavour to produce a redevelopment plan for the assets. Work will
include a detailed review of reserves and resources, as well as mine planning
and other optimization work, and the generation of an exploration program to
further define and expand resources and reserves.

A decision to restart the Lennard Shelf mines will depend on the outcome of
this work program, as well as market conditions.

"We are very pleased with this opportunity to partner with Teck Cominco in
owning this attractive asset with significant exploration potential," said
Derek Pannell, President and Chief Executive Officer of Noranda. "The
production from Lennard Shelf will significantly increase our zinc exposure
when zinc market conditions have markedly improved."

Lennard Shelf, located in the Kimberly region of Western Australia, 2,500
kilometres north-east of Perth, consists of a number of Mississippi Valley type
lead/zinc deposits and a mill with an annual capacity of 3.1 million tonnes of
ore. In the year ended June 30, 2003, Lennard Shelf produced 176,000 tonnes of
zinc and 70,000 tonnes of lead.

Noranda Inc. is a leading international mining and metals company with more
than 48 mining and metallurgical operations and projects under development in
18 countries. Noranda is one of the world's largest producers of zinc and
nickel and is a significant producer of copper, primary and fabricated
aluminum, lead, silver, gold, sulphuric acid and cobalt. Noranda is also a
major recycler of secondary copper, nickel and precious metals. It is listed on
The Toronto Stock Exchange and The New York Stock Exchange (NRD). 

DATASOURCE: Noranda Inc.



CONTACT: Dale Coffin, Director, External Communications, Noranda Inc.,

[phone], ; http://www.noranda.com/

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