Hudbay Announces Strike Action at Manitoba Operations

TORONTO, ONTARIO--(Marketwired - May 2, 2015) - HudBay Minerals Inc. ("Hudbay", the "company") (TSX:HBM)(NYSE:HBM) announced that 180 members of the International Association of Machinists and Aerospace Workers, Local No. 1848 began a strike at noon today.

A comprehensive contingency plan is in place and the company expects operations to continue and production guidance to be maintained. The striking workers represent about 12% of Hudbay's 1460 person Manitoba workforce.

Hudbay sought a mutually negotiated agreement over several months and does not believe the strike action is necessary. Hudbay remains committed to the bargaining process and hopes the union leadership will engage in good faith negotiations.

Forward-Looking Information

This news release contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking information") within the meaning of applicable Canadian and United States securities legislation.

Forward-looking information includes information that relates to, among other things, the company's objectives, strategies, intentions and future financial and operating performance and prospects. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The material factors or assumptions that the company identified and were applied by it in drawing conclusions or making forecasts or projections set out in the forward looking information include, but are not limited to, the execution of its business strategy, including the successful commissioning and ramp-up of the Constancia project; the availability and implementation of a contingency plan for labour disruptions; and no significant and continuing adverse changes in general economic conditions or conditions in the financial markets.