noranda .

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and increased selling prices
for steel products accounted for 34% and 61%, respectively, in the
revenue increase for the Construction Materials division.
For more information, contact David W.

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News Editors

TORONTO----Noranda Inc.

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Noranda Inc. The
Company's website can be found at www.

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Moro is a profitable and financially strong multi-location and
multi-subsidiary company engaged in the (a) fabrication of concrete
reinforcing steel (rebar), sheet metal (duct work ), structural steel
and process piping, (b) distribution of construction steel,
miscellaneous steel and construction accessories, and (c) mechanical
contracting services (HVAC, plumbing, piping). EST
tomorrow, Wednesday, March 9, 2005. (TSX:NRD) (NYSE:NRD)


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is a leading copper and nickel company with
investments in fully-integrated zinc and aluminum assets.

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18 .com

Falconbridge Limited (TSX:FL)
Noranda Inc.

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The April
2004 acquisition of Whaling City Iron Co.

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----Moro Corporation
(OTC:MRCR) today announced that financial results for the twelve
months ended December 31, 2004 were as follows:

Twelve Months Ended
December 31
-------------------------
2004 2003
------------ ------------

Revenue $30,593,000 $23,119,000
Net income $ 1,095,000 $ 378,000
Earnings per share .
Net income for the year ended December 31, 2004 was $1,095,000 or
$717,000 (190%) greater than for the same period a year ago. It employs 16,000
people at its operations and offices in 18 countries and is listed on
the New York Stock Exchange and the Toronto Stock Exchange (NRD).

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contracting producers

Falconbridge is owned by
Noranda Inc.

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(TSX:NRD)(NYSE:NRD) and Falconbridge Limited (TSX:FL) announced that
each of the companies will issue a press release at 6:00 a.

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portal vertical

5.

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Menard, President and CEO,
at 484-367-0300. of Toronto (58 .

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Revenue for the Construction Materials
division was $18,163,000 while revenue for the Mechanical Contracting
division was $12,430,000.

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Those statements are subject to known and unknown
risks , uncertainties and other factors that could cause the actual
results to differ materially from those contemplated by the
statements, including the continued ability of the company to generate
operation profits, the lack of continued demand for the company's
products, the ability to locate and acquire suitable acquisition
opportunities, and if acquired, the failure of any such businesses to
generate operating profits.m.

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The Construction Materials division
accounted for 95% of the year-to-year increase in revenue.2%).

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The arithmetical average of the return on equity for
the three years ended December 31, 2004 was 34%.com

Falconbridge Limited is a leading producer of nickel, copper,
cobalt and platinum group metals.falconbridge.

steel zinc

06
Average number of common shares outstanding 6,250,000 6,250,000

Revenue for the year ended December 31, 2004 was 32% greater than
for the same period a year ago. The
increase was attributable to the Construction Materials division which
benefited from higher profit margins applied to higher selling prices. At December 31, 2004 the
current ratio was 1.

Statement under the Private Securities Litigation Reform Act: This
press release contains certain forward-looking statements regarding,
among other things, the anticipated profitability and continued growth
of the company. The
Company's website can be found at www.

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Business Editors /Manufacturing Writers

WAYNE, Pa.

Noranda and Falconbridge to Issue Press Release

8%) and by other investors (41.

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Its common shares are listed on the
Toronto Stock Exchange under the symbol FL.

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Moro's financial position is strong. The components of capitalization (debt plus
equity) at December 31, 2004 were as follows: senior debt (40%),
subordinated debt (13%) and equity (47%). The
Company's primary focus is the identification and development of
world-class copper and nickel mining deposits.

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Moro Corporation Reports Record 2004 Revenue and Earnings


Net income as a percentage of beginning of the year stockholders'
equity was 48%.

mechanical regular

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