HudBay Minerals appoints new board that includes SRM Global Master Fund Limited Partnership

On March 23, 2009, HudBay Minerals Inc. (TSX: HBM) announced that in light of preliminary proxy vote counts relating to the meeting of shareholders scheduled for March 25, 2009, the board of directors of HudBay Minerals had resigned. Nominees of SRM Global Master Fund Limited Partnership were appointed in their place, including G. Wesley Voorheis (chairman), and J. Bruce Barraclough, Brian D. Gordon, Alan Roy Hibben, W. Warren Holmes, Peter R. Jones, John Knowles and Alan Lenczner. In light of the transition to the new board, the shareholders meeting scheduled for March 25, 2009 was cancelled.HudBay is a Canadian integrated mining company with assets in North and Central America principally focused on the discovery, production and marketing of base metals. Jon Levin of Fasken Martineau was retained to chair the relevant meetings and to facilitate an orderly process.