Orosur Mining Regulatory News (OMI)

15 Apr 2005 10:51

Uruguay Mineral Exploration Inc15 April 2005 URUGUAY MINERAL EXPLORATION INC. SYMBOLS: UME (TSXV) UGY (AIM) 15 April 2005 HOLDING IN COMPANY Notification of major interest in Shares Uruguay Mineral Exploration Inc. (the 'Company') has been informed of thefollowing interests in the Company's share capital. Saad Investments Company Limited currently holds 3,441,400 shares in theCompany, representing 7.98% of the Company's current issued share capital. ENDS Editors Notes: The Company announced third quarter results on 14 April, details of which can befound from www.uruguayminerals.com or at http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00004014 Uruguay Mineral Exploration Inc. is a gold producer and exploration companyfocussed on identifying and developing mineral opportunities in Uruguay. UME isa fully integrated mining company, possessing the skills necessary to exploreand develop its discoveries. The Company operates the only producing gold minein the country (San Gregorio), and is also the leading mineral explorationcompany in Uruguay having assembled an exploration portfolio based on gold, basemetals (copper, nickel, lead, zinc) and diamond prospects. In the first half of2003, the Company discovered the Arenal deposit, currently the largest knowngold resource in Uruguay. It is quoted in Canada (TSXV) and London (AIM) andDurlacher Limited is the nominated adviser. For further information contact: Uruguay Mineral Exploration IncTony Shearer, Chairman + 44 20 7523 5914; tony@tonyshearer.comChris Clark, President +59 82 601 6354; urumin@adinet.com.uyPJ Lewis + 44 7950 003 138; pjlewis@tiscali.co.uk Durlacher LimitedMathew Robinson +44 207 459 3600Jonathan Retter +44 207 459 3600 This information is provided by RNS The company news service from the London Stock Exchange