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COI Panel Post-Verification Review Report: 2007

MAC Community of Interest Advisory Panel 2007 TSM Post-Verification Review Final Report: Albian Sands and HudBay Minerals.

This report presents the results of the MAC Community of Interest Advisory Panel (COI Panel) post-verification review of Albian Sands Energy Inc. and HudBay Minerals Inc. Section 2 of the
report provides important background on MAC’s TSM initiative, the TSM external verification system, and the COI Panel’s role in external verification. Section 3 outlines the post-verification
review process and questions agreed to by the COI Panel. Sections 4 details the companies’ response to these questions, and the ensuing discussion between the COI Panel and the
companies. Section 5 discusses key learnings from the first post-verification review. A list of all referenced web-links is provided in Annex 1.

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