Last checked at 20 Apr 2009 16:56
April 20, 2009
SYMBOLS: UME (TSXV), UGY (AIM)
STOCK OPTIONS GRANTED
Uruguay Mineral Exploration Inc ("UME" or the "Company"), a gold production and exploration company, announced today that it has granted 30,000 stock options to subscribe for Common Shares in accordance with the Stock Option Policy of the Company. These options were granted to a recently joined employee who is not an officer, vest over a two year period and are exercisable at a price of CDN$ 0.38 per Common Share with 5-year expiry.
ENDS
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.
Editors' note: Uruguay Mineral Exploration Inc. is a gold producer and exploration company focused on identifying and developing mineral opportunities in Uruguay. UME is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. The Company operates the only producing gold mine in Uruguay (San Gregorio), and is also the leading mineral exploration company in Uruguay having assembled an exploration portfolio based on gold, base metals (copper, nickel, lead, zinc) and diamond prospects.
Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and RBC Capital Markets is its Nominated Adviser and Broker.
For further information, please contact:
Uruguay Mineral Exploration IncTony Shearer, Chairman: +44 (0)20 7602 1570; tonyshearer@btinternet.comDavid Fowler, CEO: + 598 2 6016354; urumin@ume.com.uy
Investor Relations in North AmericaSusan Borinelli, Breakstone Group: +1 646-330-5907; sborinelli@breakstone-group.com
RBC Capital MarketsSarah Wharry: +44 (0)20 7653 4667; sarah.wharry@rbccm.com
Copyright Business Wire 2009