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Court Approval of Plan of Arrangement

31 Dec 2009 11:25

Fortune Valley Resources Inc. and Uruguay Mineral Exploration Inc. Announce Court Approval of Plan of Arrangement

Fortune Valley Resources Inc. (TSX-V: FVX) and Uruguay Mineral Exploration Inc. (TSX-V: UME; LSE:UGY) are pleased to announce that the BC Supreme Court has approved the proposed Plan of Arrangement previously announced by the two companies and approved on December 29th by the Fortune Valley securityholders.

Fortune Valley and Uruguay Mineral anticipate that the completion of the Plan of Arrangement will take place by the middle of next week. Completion of the Plan of Arrangement is subject to, among other things, the acceptance of the TSX Venture Exchange.

Additional information about UME is available at www.uruguayminerals.com

Additional information on Fortune Valley is available at www.fortunevalleyresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and Matrix Corporate Capital LLP is its Nominated Adviser and Broker.

For further information, please contact:Uruguay Mineral Exploration IncDavid Fowler, CEO: + 598 2 6016354; david.fowler@ume.com.uyorIgnacio Salazar, CFO: + 598 2 601 6354; ignacio.salazar@ume.com.uyor

Matrix Corporate Capital LLP
Louis Castro	+44 20 3206 7209
Tim Graham	+44 20 3206 7206

orFortune Valley Resources Inc.Tel: 56-98-230-2277Tel: 1-303-931-8597

Date		Source	Headline
12th Feb 2007	5:58 pm	BUS	Uruguay Mineral Exploration Grants Stock Options
12th Feb 2007	5:58 pm	BUS	Uruguay Mineral Exploration Grants Stock Options
31st Jan 2007	1:29 pm	BUS	Uruguay Mineral Exploration Inc.: Exercise of Options - Directors' Dealing
31st Jan 2007	1:22 pm	BUS	Director/PDMR Shareholding
31st Jan 2007	1:22 pm	BUS	Uruguay Mineral Exploration Inc.: Exercise of Options - Directors' Dealing
12th Jan 2007	4:22 pm	BUS	Holding(s) in Company
12th Jan 2007	7:00 am	BUS	Director's Share Dealings
11th Jan 2007	7:00 am	BUS	Half-yearly Report
5th Jan 2007	3:15 pm	BUS	Notice of Results
28th Oct 2005	12:00 pm	RNS	Re Agreement
18th Oct 2005	10:23 am	RNS	Directorate Change
14th Oct 2005	7:18 am	RNS	Result of AGM
13th Oct 2005	4:38 pm	RNS	1st Quarter Financials
13th Oct 2005	10:00 am	RNS	1st Quarter Results
16th Sep 2005	12:00 pm	RNS	Grant of Options
31st Aug 2005	7:53 am	RNS	Final Results - Correction
30th Aug 2005	7:03 am	RNS	Final Results
16th Jun 2005	3:02 pm	RNS	Tax Break
15th Jun 2005	11:07 am	RNS	Lascano Contract
14th Jun 2005	3:40 pm	RNS	Quarterly Production Figures
6th May 2005	2:32 pm	RNS	Director Shareholding
28th Apr 2005	9:31 am	RNS	Warrants Exercised
28th Apr 2005	9:27 am	RNS	Holding(s) in Company
21st Apr 2005	4:58 pm	RNS	Additional Listing
15th Apr 2005	10:51 am	RNS	Holding(s) in Company
14th Apr 2005	1:18 pm	RNS	Third Quarter Results
11th Apr 2005	2:51 pm	RNS	Director Shareholding
8th Mar 2005	5:03 pm	RNS	Arenal Production
14th Feb 2005	8:13 am	RNS	Director Shareholding
1st Feb 2005	12:22 pm	RNS	Holding(s) in Company
27th Jan 2005	8:24 am	RNS	Interim Results

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