Ms. Candace Brule reports

HUDBAY AND AUGUSTA ANNOUNCE COMPLETION OF AMALGAMATION

HudBay Minerals Inc. and Augusta Resource Corp. have completed the amalgamation of Augusta and an indirect, wholly owned subsidiary of HudBay. As a result of the amalgamation, which was approved by more than 99.99 per cent of the votes cast by both (1) all shareholders of Augusta and (2) shareholders of Augusta entitled to vote in the determination of minority approval of the amalgamation in accordance with Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, Augusta now is a wholly owned subsidiary of HudBay.

Effective today, Augusta common shares will no longer be traded on the New York Stock Exchange; Augusta is in the process of delisting the Augusta shares from the Toronto Stock Exchange and the Frankfurt Stock Exchange. Augusta is also in the process of terminating its obligations as a reporting issuer or its equivalent under the securities laws of Canada, the United States and Germany.