High Standards of Corporate Governance

HudBay Minerals Inc. is committed to excellence in corporate governance. Since its appointment on March 23, 2009, the board has refined the company’s governance framework to promote the interests of shareholders and the effective functioning of the board and its committees. The framework also establishes a common set of performance expectations for the board and the senior management team. We believe that good governance is critical to our success as a publicly traded company and to securing investor confidence and trust. The principles of transaparency and integrity that we’ve established will apply to every aspect of our operations and management of this company. Information about our charters, policies and positions (all of which are in effect as of May 2009) can be accessed by clicking on the links listed below.

May 30, 2009

Charters

Governance Guidelines and Charter of the Board of Directors
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Charter of the Audit Committee
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Charter of the Corporate Governance and Nominating Committee
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Charter of the Compensation Committee
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Charter of the Environmental, Health and Safety Committee
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Codes of Conduct and Policies

Code of Business Conduct and Ethics
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Timely Disclosure, Confidentiality and Insider Trading Policy
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Whistleblower Policy
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Position Descriptions

Chair of the Board of Directors
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Chief Executive Officer
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Chair of the Audit Committee
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Chair of the Corporate Governance and Nominating Committee
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Chair of the Compensation Committee
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Chair of the Environmental, Health and Safety Committee
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