Orosur Mining Regulatory News (OMI)

17 Aug 2007 10:03

DIRECTOR'S DEALING Uruguay Mineral Exploration Inc. (the "Company") (LSE:UGY) announces that TonyShearer, Non Executive Chairman of the Company, yesterday purchased 20,000Common Shares in the Company ("Common Shares") at a price of £ 1.41 per share. Following this purchase, Mr Shearer will have an interest in 503,834 CommonShares representing 1.03% of the Company's issued share capital and 50,000options to purchase 50,000 Common Shares at an exercise price of CN$ 4.50expiring on 15 September, 2010. 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@ume.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