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Hudbay to Host Conference Call to Discuss 2006 Second Quarter Results

July 31, 2006

WINNIPEG, MANITOBA--(CCNMatthews - July 31, 2006) - HudBay Minerals Inc. (TSX:HBM) ("HudBay") today announced that it will hold a conference call to discuss its 2006 second quarter financial and operational results on Friday, August 11, 2006 at 10 a.m. Eastern Daylight Time. A news release outlining the results is scheduled to be issued on the same day prior to the opening of trading.

Peter R. Jones, President and Chief Executive Officer of HudBay, will host the call together with Jeff Swinoga, Vice-President and Chief Financial Officer.

The conference call can be accessed by dialing toll free to 1-866-249-2165. An archived audio webcast of the call will be available on HudBay's website at www.hudbayminerals.com.

A full replay of the Conference Call will be available until 11:59 p.m. EDT on Friday, August 18, 2006. It can be accessed at 416-640-1917 or toll free at 1-877-289-8525 using the passcode 21197623#.

About HudBay Minerals Inc.

HudBay Minerals Inc. is an integrated mining 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

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