(February 3, 2012)  Hudbay Minerals has acquired 11.3 million units of Northern Shield Resources at a purchase price of 22 cents per unit for total consideration of almost 2.5 million dollars.  As a result of the investment Hudbay currently owns and has control over 11.3 million common shares and almost 5.7 million warrants which together with Hudbays Common Shares, represent about 14.1 percent of the issued and outstanding common shares on a partially diluted basis.

              Hudbay reports the acquisition of the common shares and warrants is being made to assist with the exploration of Northern Shield’s Wabassi and Storm base metal properties in northwestern Ontario.