Qualified Person and NI 43-101
The technical and scientific information in this news release related to the
company’s material mineral projects has been approved by Olivier
Tavchandjian, P. Geo, Senior Vice President, Exploration and Technical
Services. Mr. Tavchandjian is a qualified person pursuant to NI 43‑101.
Additional details on the company’s material mineral projects, including a
year-over-year reconciliation of reserves and resources, is included in
Hudbay's Annual Information Form for the year ended December 31, 2024 (the
“AIF”), which is available on SEDAR+ at www.sedarplus.ca and the company’s Form 40-F, a copy of which will be filed under Hudbay’s profile on EDGAR at www.edgar.com.