Orosur Mining Regulatory News (OMI)

6 Mar 2007 17:07

URUGUAY MINERAL EXPLORATION INC. DIRECTORS' DEALING Uruguay Mineral Exploration Inc. (the "Company") (TSX:UME) (LSE:UGY) announcesthat it has today received notice that Tony Shearer, Non-Executive Chairman ofthe Company, will be transferring 435,833 Common Shares in the Company toJennifer Shearer as part of a divorce settlement. Following this transfer, Mr Shearer will have an interest in 445,834 CommonShares representing 0.92% of the Company's issued share capital. ENDS The TSX Venture Exchange has not reviewed and does not accept responsibility forthe adequacy or accuracy of this news release. Editors note: Uruguay Mineral Exploration Inc. is a gold producer andexploration company focused on identifying and developing mineral opportunitiesin Uruguay. UME is a fully integrated mining company, possessing the skillsnecessary to explore and develop its discoveries. The Company operates the onlyproducing gold mine in Uruguay (San Gregorio), and is also the leading mineralexploration company in Uruguay having assembled an exploration portfolio basedon gold, base metals (copper, nickel, lead, zinc) and diamond prospects. Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) andCollins Stewart Europe Limited is its Nominated Adviser and Broker. For further information, please contact Uruguay Mineral Exploration IncTony Shearer, Chairman 44 20 7602-1570; tonyshearer@btinternet.comDavid Fowler, CEO 598 2 6016354 urumin@adinet.com.uy Shared Value LtdEmily Bruning +44 20 7321 5027; ebruning@sharedvalue.net Collins Stewart Europe LimitedChris Rollason +44 20 7523 8308; crollason@collins-stewart.com Copyright Business Wire 2007