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Target of conserving or rehabilitating at least three hectares for every hectare disturbed

VANCOUVER, British Columbia, June 05, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today it is setting a goal to become a nature positive company including through conserving or rehabilitating at least three hectares for every one hectare affected by its mining activities.

Teck is taking immediate action towards achieving this ambitious goal through land conservation investments that will protect 14,000 hectares of wildlife habitat and ecosystems in Canada and Chile. This is equivalent to over 40 percent of our current mining footprint and equal to 35 Stanley Parks in Vancouver; 40 Central Parks in New York; more than twice the size of Manhattan; or 20,000 football (soccer) fields.

"We are committed to working with local partners, communities and Indigenous Peoples to conserve ecologically and culturally significant lands and work towards the goal of becoming a nature positive mining company by 2030," said Don Lindsay, President and CEO, Teck. "Nature loss is a serious global challenge that we are all called on to do our part to halt and reverse. Working towards being nature positive in each region we operate builds on Teck’s long-standing commitment to biodiversity and reflects the passion of our employees for caring for the land where they live and work."

Teck’s new conservation initiatives announced today protect 14,000 hectares and include:

• $2 million donation to the Nature Conservancy of Canada (NCC) for the purchase and ongoing management of the nearly 8,000-hectare Next Creek Watershed in the East Kootenays of British Columbia. Next Creek was the last remaining unprotected land within the Darkwoods Conservation Area and this purchase protects the ecological integrity of a conservation network that has national and international significance.
• Donation to NCC of approximately 162 hectares of Teck-owned land in the Wycliffe Wildlife Corridor, also known as the Luke Creek Conservation Corridor, near Kimberley, B.C., and further donation of $600,000 for the ongoing management of the land.
• 5,800 hectares of a unique and high-value wetland ecosystem near Teck’s Quebrada Blanca Operations in Chile will be protected in partnership with the Ollagüe Quechua community. Known as the Salar de Alconcha, or Alconcha Salt Flat, the lands are located northwest of the village of Ollagüe near the Bolivian border at 4,123 meters above sea level. The initiative is the first of its kind in Chile.
• $10 million to create an Indigenous Stewardship Fund that will support Indigenous communities and partners in the development of Indigenous-focused environmental stewardship initiatives as well as engagement, education, capacity-building and participation in support of conservation objectives in regions where Teck operates.
• $12 million in new funding to the Nature Conservancy of Canada to support future high priority conservation projects in B.C., in addition to those announced today.

The conservation investments announced today build on Teck’s purchase of over 7,000 hectares of private lands in the Elk and Flathead River Valleys of British Columbia, set aside for conservation. Teck’s purchase of these lands in 2013 was one of the single biggest private sector investments in land conservation in B.C. history. In 2021, Teck and the Ktunaxa Nation announced the signing of a Joint Management Agreement to ensure the protection of the area’s social, cultural and ecological value.

Nature Positive by 2030

The World Economic Forum ranks biodiversity loss and ecosystem collapse as one of the top threats humanity will face this decade, and global leaders, including the G7, are calling for the world to become both net zero and nature positive.

For Teck, working to become nature positive means that by 2030, our conservation, protection and restoration of land and biodiversity will exceed the disturbance caused by our mining activities from a 2020 baseline. In doing so, we will conserve or rehabilitate at least three hectares for every one hectare affected by our mining activities, and take action immediately in three focus areas:

• Nature positive decision making guided by Western science and Indigenous learning, including assessing the biodiversity impacts of our actions and avoiding or minimizing negative impacts where possible as part of our planning.
• Rehabilitation excellence to accelerate our pace of rehabilitation to ensure it is in progress for all eligible land impacted by mining at our operations by 2030.
• Conservation, protection and restoration through further partnerships such as those announced today. The conservation projects announced today total 14,000 hectares, equivalent to over 40% of Teck’s current mining footprint.

Recognizing the global imperative to halt and reverse nature loss by 2030 and the critical role natural climate solutions can play in mitigating climate change, this commitment also supports Teck’s net-zero climate strategy and its contribution to the United Nations Sustainable Development Goals.

For more information on our approach to working to become nature positive, visit our Nature Positive Page.

Media Downloads: Images

Quotes:

Honourable Bruce Ralston, British Columbia Minister of Energy, Mines and Low Carbon Innovation -
"I commend Teck on committing to conserve or rehabilitate at least three hectares for every one hectare affected by its mining activities. With this move, Teck is showing leadership in managing its operations in a manner that meets the environmental, social, and governance criteria investors, the public and the provincial government expect from companies."

Thelma Ramos Mamani, President of the Quechua Indigenous Community of Ollague -
"This project is a dream come true because we are making non-Indigenous People understand what it means to live in harmony, to thank the land and to conserve it. This type of project is being done for the first time in our country and we have seen the quality of the work of all the professionals. Mining also has human quality and above all they understand that this work of conservation is not only for the native peoples but for all humanity, it is to leave a true inheritance to our future generations so that they can preserve our territory."

Catherine Grenier, President and CEO, Nature Conservancy of Canada -
"We applaud Teck for taking real and measurable action to become a nature positive company by the end of the decade. Teck’s commitment to and investment in the Nature Conservancy of Canada’s work will help us accelerate the pace and scale of conservation in British Columbia. If we conserve entire natural systems, we help nature to deliver the essential services that support life. That’s why conservation matters. Teck is demonstrating that for-profit and non-profit organizations can come together to tackle the toughest ecological challenges of our time, biodiversity loss and climate change."

Forward Looking Statements
This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "will", "intend", "expect", and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this news release.

These forward-looking statements include, but are not limited to, statements relating to: our goal to become a nature positive company by 2030 and the actions we intend to take to achieve this goal, including our intended donations and commitments to conserve or rehabilitate at least three hectares for every one hectare affected by mining activities; the expected use and impact of our donations and our other nature positive initiatives; our nature positive focus areas; our net-zero climate strategy; and our pledge to plan four million trees by 2030. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of estimates, projections, beliefs and assumptions which are inherently uncertain and difficult to predict and may prove to be incorrect, including but not limited to expectations and assumptions concerning: the availability of land or other opportunities for conservation, rehabilitation, or capacity building in appropriate locations on commercially reasonable terms and the ability to obtain any required external approvals or consensus for such opportunities; our ability to successfully implement our technology and innovation strategy; the performance of new technologies in accordance with our expectations; our ability to achieve our nature positive and biodiversity goals and our climate strategy and the longer term impacts of those goals and strategies on our business; environmental compliance costs generally; our ability to implement new source control or mine design strategies on commercially reasonable terms without impacting production objectives; and assumptions regarding the development of our business generally and general economic conditions. Factors that may cause actual results to vary include, but are not limited to, actual biodiversity and climate change consequences; unavailability of land or other opportunities for conservation, rehabilitation or capacity building on commercially reasonable terms or inability to obtain any required external approvals or consensus for such opportunities; changes in laws and governmental regulations or enforcement thereof that impact our operations, goals or strategy and changes in commodity price, costs or general economic conditions.

We caution you that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements. Inherent in forward-looking statements are risks and uncertainties beyond our ability to predict or control. Further information concerning risks, assumptions and uncertainties associated with these forward-looking statements and our business can be found in our most recent Annual Information Form filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov) under cover of Form 40-F, as well as subsequent filings that can also be found under our profile. We assume no obligation to update forward-looking statements except as required under securities laws.

About Teck
As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Teck Media Contact
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

Teck Investor Contact
Fraser Phillips
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
fraser.phillips@teck.com

2021 unaudited Net Asset Value (“NAV”) increased to $102,269,229 from $51,258,000 in 2020

VANCOUVER, British Columbia, June 03, 2022 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides VC Investment access to a diverse portfolio of next generation technology companies within an audited, transparent and liquid investment vehicle, announces it has filed its its Audited Annual Consolidated Financial Statements for the year ended December 31st, 2021 along with its Management Discussion and Analysis (MD&A) on Friday, June 3rd, 2022.

The decline in the capital markets over the past 12 months has been brutal, volatility on the major indexes, inflation worries, rate hikes, and the Russia-Ukraine Crisis have created a lot of uncertainty about what lies ahead for many. Although uncertainty abounds domestically and globally, opportunity also abounds for investors — the challenges ahead are plain to see and, in many respects, timeless: health and safety, the desire to communicate and play, the need to eat and work and thrive. And, Victory Square has built a portfolio full of phenomenal companies finding creative new ways to solve these timeless needs.

We’ve been very fortunate to have such a passionate, supportive and vocal shareholder base. And, we understand how frustrating the share price decline must be for our shareholders. Despite the share price decline though, Victory Square the company is in a stronger position now than at any time in its past.

We’ve seen significant growth in our portfolio companies, spin-offs, exits, M&A, share dividends, we’ve built a new pipeline of opportunities and most importantly our unaudited NAV has grown from $51 Million at the end of 2020 to $102 Million at the end of 2021.

- Shafin Diamond Tejani, CEO of Victory Square Technologies

2021 Recap:

2021 was a year of continued growth and new opportunities for Victory Square.

Financial Highlights:

• Healthy Balance Sheet
  • 2021 NAV increased to $102,269,229 from $51,258,000 in 2020 (See “Use of Non-GAAP Financial Measures” elsewhere)
  • $4,376,374 in cash and cash equivalents
• Share Buy Back
  • The Company purchased a total of 562,000 shares and the average cost with commission was $0.4814 or without commission was $0.4713
• Issued 3 Common Share Dividends
  • In 2021, Victory Square issued 3 dividends of securities to its shareholders with an aggregate market value of approximately $39.65 for every 1,000 shares held

Spin-Offs:

• GameOn Entertainment Technologies (CSE:GET) public listing
• XR Immersive Tech (formerly Fantasy 360 Technologies) (CSE:VRAR) public listing
• Covalent CQT listing

Exits:

• Completed $6,000,000 Sale of Limitless VPN Platform
• Completed sale of shares in Argo Blockchain PLC for a $1,021,244 gain

Acquisition & Investments:

• Completed Acquisition of IV Hydreight, An On-Demand & On-Site Mobile Health, Pharmaceutical & Wellness Service Provider Across the USA
• Completed Blockchain & Cybersecurity IP acquisition from Aspen
• Completed Investment in Renewable Energy Company – Stardust Solar
• Completed Follow-on Investment in #4 Ranked Influencer Platforms - Creator.co

Portfolio

	Company Name		Vertical
	Fansunite Entertainment Inc.		Sports Betting, Gaming and Esports
	GameOn Entertainment Technologies Inc.		Gaming, NFTs, Play to Earn
	XR Immersive Technologies Inc.		VR, AR, Metaverse, Web3
	Stardust Solar Technologies Inc.		Solar Energy, Renewables, EV Charging
	VS Digital Health Inc.		Digital Health, Online Pharmacy, Diagnostic Testing
	IV Hydreight Inc.		Digital Health, Online Pharmacy
	Cassia Research Inc. (dba CoPilot AI)		AI Technology, Automation
	Shop and Shout Ltd (dba Creator.co)		Creator Economy, Web3, NFTs
	Victory Square Health Inc.		Diagnostic Testing, Digital Health
	Turnium Technology Group Inc.		Software defined wide area network platforms
	Next Decentrum Technologies Inc.		Web3, Blockchain, NFTs
	Cloud Nine Web3 Technologies Inc.		Web3, EdTech, Metaverse
	Cloud Benefit Solutions Inc. (dba Cloud Advisors)		Insurance tech
	Franchise Global Health Inc.		Cannabis
	Grow Academy Technologies Inc.		Plant Based Science
	MLVX Technologies Inc. (dba Metaspectral)		Artificial intelligence (AI) and Machine Learning (ML)
	Howyl Ventures Inc. (dba Capaciti)		Web3, Future of Work
	PayVida Solutions Inc.		Fintech
	Flo Digital Inc.		VR, AR, Metaverse
	Victory Entertainment Inc.		Film, TV, Digital Content
	PDL USA Inc.		Custom software development
	Draft Label Technologies Inc		Custom software development
	VS Blockchain Assembly Inc.		Web3, Blockchain
	BlockX Capital Corp.		Web3, Blockchain, DeFi
	CQT Token		Web3, Blockchain, DeFi
*Victory Square Technologies portfolio as of December 31, 2021

The success of Victory Square is anchored in the dynamic combination and synergies of people, ideas, and capital. Going forward into 2022 we are well equipped to leverage these resources to successfully build, develop and support companies in the global technology sector with the objective of creating long-term value for Victory Square, its network of companies and its shareholders.

Ultimately, Victory Square’s team is committed to incubating and building a new breed of companies set to become the next decade’s technology giants. Thank you for your ongoing support of our vision. We are committed to nothing short of excellence in the weeks, months and years ahead.

Previous corporate updates in 2021 can be viewed below:

Victory Square Technologies CEO Issues Future Forecast Letter to Shareholders

Victory Square Technologies Provides Corporate Update as at March 17, 2021

Victory Square Technologies Provides Corporate Update as at May 31, 2021

Victory Square Technologies Provides Corporate Update as at August 17, 2021

Victory Square Technologies Provides Corporate Update as at December 9, 2021

Check out VictorySquare.com and sign up to VST’s official newsletter at www.VictorySquare.com/newsletter.

On behalf of the Board of Directors

“Shafin Diamond Tejani”

Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com

For further information about Victory Square, please contact:

Investor Relations Contact – Abbey Vogt
Email: ir@victorysquare.com
Telephone: 604 283-9166

Peter Smyrniotis - Director
Telephone: 604 283-9166

Use of Non-GAAP Financial Measures:

This release contains references to NAV which is a non-GAAP financial measure. NAV is calculated as the value of total assets. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in Victory Square Technologies Inc. consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding the Company’s performance, and may assist in the evaluation of the Company’s business relative to that of its peers. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP, and is not necessarily indicative of other metrics presented in accordance with GAAP. Existing NAV of the Company is not necessarily predictive of the Company’s future performance or the NAV of the Company as at any future date.

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST’s sweet spot is cutting-edge tech that’s shaping the 4th Industrial Revolution. Our corporate portfolio consists of 25+ global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.

What we do differently for startups

VST isn’t your ordinary investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you’ll scale and be ready to monetize.

What we do differently for investors

For investors, we offer early-stage access to the next unicorns before they’re unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides.

Victory Square integrates a strong ESG (environmental, social and corporate governance) component throughout its operations. Our portfolio highlights minority entrepreneurs, often overlooked by traditional investors, including many from developing countries. We are also dedicated to giving back to the communities in which we serve and operate. The Company’s mandate is to assist organizations through its time, talent and treasure. The Company is committed to organizations that provide services in the youth, mental health, special needs, sport, tech, education, marginalized groups, First Nations, and accessibility sectors.

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).

For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square and its portfolio companies, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and portfolio companies, including those items listed under the heading “Goals for the Next Quarter”, “2022 Outlook” and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “to be”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, “objectives”, “outlook” or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Although Victory Square believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Victory Square’s control, including, but not limited to, the risk factors discussed in the continuous disclosure materials of the Victory Square which are available under the Victory Square’s profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

 

New offering keeps investors, analysts, employees, and the media connected to critical ESG efforts

ISLANDIA, N.Y., June 03, 2022 (GLOBE NEWSWIRE) -- Intrado Corporation, a global leader in technology-enabled services, announced today that its Notified business segment has enhanced its Environmental, Social, and Governance (“ESG”) solutions. Notified’s new suite of complementary solutions helps investor relations and public relations professionals tell their company’s sustainability story, keeping stakeholders connected to corporate ESG efforts and achievements.

Notified's ESG communications bundle includes:

• GlobeNewswire press release distribution: Share company news with media, investors, and relevant audiences around the world through targeted ESG newslines.
• ESG microsite: Tell your ESG story with a high-impact microsite that provides stakeholders with easy access to critical information, and improves transparency and accessibility.
• ESG annual broadcast: Deliver your ESG-related news and achievements in a customized, engaging broadcast, live or on demand.

Notified provides additional solutions to support ESG communications, including media monitoring, reputation audit reports, and a governance hotline. Through a strategic partnership with Nasdaq, Notified offers Nasdaq OneReport software that is purpose-built for ESG and simplifies the process of data capture, engagement, oversight, assurance, and disclosure. Nasdaq OneReport data can be seamlessly integrated into a Notified ESG microsite, clearly communicating information to stakeholders without the need to scroll through a larger ESG report.

“ESG communications are a critical priority, especially as the U.S. and Europe advance proposed regulations that may require sustainability disclosures for publicly traded companies,” said Ben Chodor, president, Notified. “Notified’s ESG solutions help both public and private companies clearly and comprehensively communicate their efforts, and effectively navigate the evolving regulatory environment.”

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Notified will be showcasing its Investor Relations Cloud and ESG communications bundle at the NIRI 2022 Annual Conference in Boston on June 5-7 at booth 16.

To learn more about Notified’s ESG communications solutions, please visit: www.notified.com/IR-web/ESG-communications-solutions.

About Intrado Corporation

Intrado Corporation is an innovative, cloud-based, global technology partner to clients around the world. Our solutions connect people and organizations at the right time and in the right ways, making those mission-critical connections more relevant, engaging, and actionable - turning Information to Insight.

Intrado has sales and/or operations in the United States, Canada, Europe, the Middle East, Asia Pacific, Latin America, and South America. Intrado is controlled by affiliates of certain funds managed by Apollo Global Management, Inc. (NYSE: APO). For more information, please call 1-800-841-9000 or visit www.intrado.com.

Contact

Dave Pleiss
Investor and Public Relations
DMPleiss@intrado.com
402-716-6578

TORONTO, June 02, 2022 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced the release of its integrated annual and sustainability report (“Annual Sustainability Report”). The Annual Sustainability Report provides transparency and progress on key accomplishments and initiatives in 2021 along with goals for the upcoming year and long-term future. Hudbay believes global demand for the metals that it mines continues to rise alongside the need for green technology that will play an essential role in meeting the challenge of climate change.

• Hudbay is committed to a reduced greenhouse gas (“GHG”) emissions future. The company is currently working toward specific emissions reduction targets to align with the global 2030 and 2050 climate change goals.
• In 2021, to better understand the nature of the company’s GHG footprint and the best options for approaching and achieving sustainable GHG reductions, Hudbay began work on a 10-year Greenhouse Gas Reduction Roadmap. The roadmap will identify key sources of emissions, including Scope 3 emissions, and the nature of the changes – operational or technical – that will be required to make full or significant changes in each source area.
• Hudbay’s 2021 Annual Sustainability Report disclosures were mapped to the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) Metals & Mining industry standard and the Task Force on Climate-related Financial Disclosures (TCFD). Hudbay also provides disclosure through the CDP Climate, Water, and Forests questionnaires.
• To inform Hudbay’s sustainability programs and improve its performance, the company applies and voluntarily supports several international best practice standards, including ISO 14001, ISO 45001, ISO 9001, Towards Sustainable Mining, the Voluntary Principles on Security and Human Rights and International Finance Corporation (IFC) Performance Standards.
• As a member of the Mining Association of Canada, Hudbay implements the Towards Sustainable Mining (TSM) Protocols at all of its operations, with the goal to maintain a score of “A” or higher for all protocols. In 2021, we achieved a rating of “AA” across all TSM tailings management protocol indicators in both Manitoba and Peru.
• Hudbay’s Board of Directors commits to provide the Company direction and oversight with the highest standards of ethical conduct. MSCI ranked Hudbay’s corporate governance in the top 10% of all companies it assessed, with an overall ESG rating of “AA”.
• Hudbay supports the Catalyst Accord 2022 and the 30% Club, both of which call for the advancement of women in business, and its Board has adopted a stand-alone Diversity Policy. This policy seeks to ensure a diverse representation of women and designated groups (Indigenous peoples, persons with disabilities and visible minorities) among the members of the Board and senior management.
• In 2021, the company saw a 7% decrease in energy intensity per tonne of ore processed, and over 50% of Hudbay’s indirect energy consumption was from renewable sources.
• The Peru Business Unit establishes annual key performance indicators across three areas – environmental management, environmental quality and sustainability. In 2021, the business unit exceeded not only its overall target but also every sub-indicator target.
• Hudbay’s Manitoba operations use renewable hydroelectricity sourced from Manitoba Hydro to run the processing plants, which keeps GHG emissions and intensity relatively low. Hudbay’s Flin Flon team achieved first place at the 59th annual Manitoba Provincial Mine Rescue Competition in May 2022.
• Hudbay recognizes the opportunity that the mining industry has to positively contribute to the 17 UN Sustainable Development Goals (SDGs) that are a part of the UN’s 2030 Agenda for Sustainable Development. There are several SDGs for which the company considers the industry a natural fit for taking on a leadership role, and others where the company feels it can progress by working alongside government, civil society and other organizations.

“Environmental, social and governance (ESG) considerations have always been fundamental to our business; it’s not new for us,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer. “Throughout 2021, we continued to successfully navigate through the COVID-19 pandemic, maintaining continuous operations at all sites. We look at 2021 as a year of execution and achievement, after making significant investments in exploration, development and productivity improvements. We are now at an inflection point where our stakeholders can reap the rewards of growing production and cash flow while we continue to advance our “triple A” organic copper growth pipeline. It is a tremendously exciting time for Hudbay, and I look forward to achieving our many sustainability and growth goals in 2022.”

Though Hudbay is proud of its achievements in 2021, the company has set targets for 2022 to further the path of continuous improvement. In health and safety, the company aims to match or improve on its three-year total recordable injury frequency average of 1.4. In Peru, Hudbay will strive to avoid operational shutdowns due to community/political activity and complete exploration agreements to enable land access at regional deposits near the Peru operations. The company is adopting Scope 1 and Scope 2 emissions targets intended to achieve a 50% GHG reduction by 2030 and its intention to be net zero by 2050. The company is also designing the Copper World project in Arizona in compliance with 2030 and 2050 GHG objectives. To ensure Hudbay is up to date with leading governance policies, the company is completing a comprehensive review/update of global anti-bribery and corruption compliance program.

Details of the company’s annual and sustainability results can be found on Hudbay’s website at: https://hudbayminerals.com/disclosure-centre/default.aspx and the full Annual Sustainability Report can be downloaded here.

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this news release, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “budget”, “guidance”, “scheduled”, “estimates”, “forecasts”, “strategy”, “target”, “intends”, “objective”, “goal”, “understands”, “anticipates” and “believes” (and variations of these or similar words) and statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” “occur” or “be achieved” or “will be taken” (and variations of these or similar expressions). All of the forward-looking information in this news release is qualified by this cautionary note. 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 risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information are described under the heading “Risk Factors” in the company’s most recent annual information form for the year ended December 31, 2021 and its management’s discussion and analysis for the three months ended March 31, 2022. Should one or more risk, uncertainty, contingency or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Hudbay does not assume any obligation to update or revise any forward-looking information after the date of this news release or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law.

About Hudbay

Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver), zinc metal and silver/gold doré. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s 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. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima. Further information about Hudbay can be found on www.hudbay.com.

For investor and media inquiries, please contact:

Candace Brûlé
Vice President, Investor Relations
(416) 814-4387
candace.brule@hudbay.com