0001193125-11-007794 Sample Contracts

LOCK UP AGREEMENT
Lock-Up Agreement • January 14th, 2011 • HudBay Minerals Inc. • Metal mining • Ontario

THIS LOCK-UP AGREEMENT (this “Agreement”) dated January 8, 2011 between HudBay Minerals Inc. (the “Offeror”), a corporation governed by the laws of Canada, and Gaston Augusto Loyola Puma, an individual resident in the City of Arequipa, Peru (the “Seller”).

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January 9, 2011 HudBay Minerals Inc. Suite 2501, Dundee Place Toronto, Ontario M5C 2V9 Norsemont Mining Inc. – Disclosure Letter Ladies and Gentlemen:
Support Agreement • January 14th, 2011 • HudBay Minerals Inc. • Metal mining

We refer to the support agreement (the “Agreement”) dated the date hereof between HudBay Minerals Inc. (“HudBay”) and Norsemont Mining Inc. (the “Company” or “Norsemont”) relating to the Offer whereby Norsemont will be acquired by HudBay. This is the disclosure letter referred to in the Agreement as the “Disclosure Letter” and we hereby disclose to you the information set out in this letter for the purpose of the Agreement. Terms and expressions defined in the Agreement and not otherwise defined herein have the same meanings in this letter. All values are expressed in Canadian dollars unless noted otherwise.

HUDBAY MINERALS INC. as the Offeror and NORSEMONT MINING INC. as the Company SUPPORT AGREEMENT January 9, 2011
Support Agreement • January 14th, 2011 • HudBay Minerals Inc. • Metal mining • Ontario

THIS AGREEMENT made as of the 9th day of January, 2011 between HudBay Minerals Inc., a company governed by the laws of Canada (the “Offeror”), and Norsemont Mining Inc., a company governed by the laws of the Province of British Columbia (the “Company”).

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