Toronto, Ontario, December 19, 2008 - The Board of Directors
of HudBay Minerals Inc. (TSX: HBM) ("HudBay") today announced that it
has received a requisition from a registered shareholder pursuant to
Section 143 of the Canada Business Corporations Act. The Meeting has
been requisitioned for the purpose of removing the current Board of
Directors of HudBay and electing a slate of directors to be proposed by
the requisitionist. At this time, an alternative slate of directors has
not been proposed by the requisitionist. The Board will make a further
announcement on January 2, 2009 regarding its response to the
requisition.
ABOUT HUDBAY MINERALS INC.
HudBay is a leading base metals mining company with assets in North
and Central America. The company is investing for the future in one of
the most ambitious exploration programs in Canada, targeting its 400,000
hectare exploration territory in the Flin Flon Greenstone Belt. An
integrated mining company, HudBay operates zinc and copper mines,
concentrators and metal production facilities in northern Manitoba and
Saskatchewan, a zinc oxide production facility in Ontario, the White
Pine Copper Refinery in Michigan, and owns the Fenix nickel project in
Guatemala. In addition to its primary products, the Company also
produces gold, silver and zinc oxide. HudBay is a member of the
S&P/TSX Composite Index and the S&P/TSX Global Mining Index.
This news release and the information contained herein does not
constitute an offer of securities for sale in the United States and
securities may not be offered or sold in the United States absent
registration or exemption from registration.
For further information, please contact:
HudBay Minerals Inc.
Annemarie Brissenden
Manager, Investor Relations
(416) 362-0615
Email: annemarie.brissenden@hudbayminerals.com
Website: www.hudbayminerals.com