WINNIPEG, MANITOBA--(CCNMatthews - July 7, 2006) - HudBay Minerals
Inc. (TSX:HBM) (HudBay) announces that it has completed the sale of 100%
of the outstanding shares of ScoZinc Limited (ScoZinc), to Acadian Gold
Corporation (Acadian) for C$7.5 million plus adjustments.
HudBay
announced on December 16, 2005 that it had entered into a letter of
intent to sell the Gays River lead and zinc mineral property held by
ScoZinc, to Acadian.
The mineral property is a previous producer
of lead and zinc concentrates and has a concentrator located at the
property. The property is located approximately 50 km north of Halifax,
Nova Scotia.
About HudBay Minerals Inc.
HudBay Minerals
Inc. is an integrated mining and metals company that operates mines,
concentrators and a metal production complex in northern Manitoba and
Saskatchewan. The company also owns a zinc oxide production facility in
Ontario, the White Pine Copper Refinery in Michigan, and the Balmat zinc
mine in New York state.
HudBay is a member of the S&P/TSX Composite Index.
FOR FURTHER INFORMATION PLEASE CONTACT:
HudBay Minerals Inc.
Don Bain
Director, Investor Relations
(204) 949-4272
(204) 942-8177 (FAX)
don.bain@hbms.ca
www.hudbayminerals.com