Hudbay Minerals Inc.

Report of Voting Results

(Section 11.3 of National Instrument 51-102)

The following describes the matters voted upon and the outcome of the votes at the Annual and Special Meeting of Shareholders (the "Meeting") of Hudbay Minerals Inc. (the "Corporation") held on May 21, 2024. All matters voted upon at the Meeting were voted upon by proxy and electronic ballot.

Each of the matters voted upon at the Meeting is described in greater detail in the Corporation's Notice of Annual and Special Meeting of Shareholders and Management Information Circular dated April 8, 2024 (the "Circular") that was made available to shareholders prior to the Meeting.

Election of Directors

At the Meeting, each of the ten nominees listed in the Circular was elected as a director of the Corporation for the ensuing year or until his or her successor is elected or appointed. The voting results are set forth in the table below:

Director Number of Votes
FOR
Number of Votes
AGAINST
Percentage of Votes
FOR
Carol T. Banducci 219,507,809 582,032 99.74%
Igor A. Gonzales 218,410,247 1,679,594 99.24%
Jeane L. Hull 218,904,619 1,185,221 99.46%
Carin S. Knickel 218,517,155 1,572,687 99.29%
Peter Kukielski 219,646,933 442,909 99.80%
George E. Lafond 219,406,938 682,904 99.69%
Stephen A. Lang 217,351,045 2,738,797 98.76%
Colin Osborne 219,713,395 376,447 99.83%
Paula C. Rogers 206,505,234 13,584,608 93.83%
David S. Smith 218,659,110 1,430,731 99.35%

Appointment of Auditor

At the Meeting, Deloitte LLP was re-appointed as auditor of the Corporation and the directors were authorized, upon the recommendation of the Audit Committee, to fix the auditor's remuneration. The voting results are set forth in the table below:

Number of Votes
FOR
Number of Votes
WITHHELD
Percentage of Votes
FOR
218,437,393 3,601,952 98.38%

Say on Pay Advisory Vote

At the Meeting, the non-binding advisory resolution to accept the Corporation's approach to executive compensation disclosed in the Circular was approved. The voting results are set forth in the table below:

Number of Votes
FOR
Number of Votes
AGAINST
Percentage of Votes
FOR
214,253,608 5,836,228 97.35%

Date: May 21, 2024

HUDBAY MINERALS INC.
(signed) "Patrick Donnelly"
Name: Patrick Donnelly
Title: Senior Vice President, Legal and Organizational Effectiveness

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HudBay Minerals Inc. published this content on 22 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2024 14:38:05 UTC.