Orosur Mining Regulatory News (OMI)

12 Jan 2007 16:22

URUGUAY MINERAL EXPLORATION INC. MEDIA RELEASE SHAREHOLDER NOTIFICATION Uruguay Mineral Exploration Inc. (the "Company") announces that it has beeninformed by letter from AXA Investment Managers UK Ltd, dated 12th January 2007,that AXA S.A of 25 Avenue Matignon, 75008 Paris and its Group Companies areinterested in 6,341,400 Ordinary Shares in the Company, representing 13.13% ofthe 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 focussed 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 the country (San Gregorio), and is also the leadingmineral exploration company in Uruguay having assembled an exploration portfoliobased on gold, base metals (copper, nickel, lead, zinc) and diamond prospects.In the first half of 2003, the Company discovered the Arenal deposit, currentlythe largest known gold resource in Uruguay. Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) andCollins Stewart Europe Limited is its Nominated Adviser and Broker. \* TFor further information, please contact Uruguay Mineral Exploration IncTony Shearer, Chairman 44 20 7221-9983; 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\* T Copyright Business Wire 2007