Ms. Candace Brule reports

HUDBAY ANNOUNCES ELECTION OF DIRECTORS

Each of the 10 individuals nominated for election as a director of Hudbay Minerals Inc. at the company's annual and special meeting of shareholders held on May 10, 2023, was elected.

The detailed voting results are set out in the attached table.

About Hudbay Minerals Inc.

Hudbay is a diversified mining company with long-life assets in North and South America. The company's Constancia operations in Cusco (Peru) produce copper with gold, silver and molybdenum byproducts. Its Snow Lake operations in Manitoba (Canada) produce gold with copper, zinc and silver byproducts. Hudbay has an organic pipeline that includes the Copper World project in Arizona and the Mason project in Nevada (United States), and its growth strategy is focused on the exploration, development, operation and optimization of properties it already controls as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay's mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence.