Orosur Mining Regulatory News (OMI)

14 Oct 2009 07:00

Uruguay Mineral Exploration Inc. ("UME" or "the Company") (TSX VENTURE:UME) (LSE:UGY), a South American focused gold production and exploration company, announces today that it has appointed Mr. Mario Caron as Non-Executive Chairman of the Company with immediate effect.

David Fowler, UME Director and Chief Executive Officer commented, "We are delighted to welcome Mario to the role of Chairman of UME. Mario's experience in developing projects will be very important as the Company looks to develop the Arenal Deeps project and expand outside of Uruguay in the coming year."

"I wish to thank Tony Shearer, who chose not to stand for re-election to the Board at the recently held shareholders' meeting, for all his leadership and dedication to the development of our Company in the past seven years."

"I also wish to thank John Sadek and George Schroer who also did not stand for re-election at the last shareholders' meeting but who will continue to work for the Company in their current positions as Vice President Operations and Vice President Exploration respectively," closed Mr. Fowler.

Mr. Caron, aged 55, is a mining executive with over 30 years of experience in the mining industry including board and management expertise in operations, exploration, and capital markets as well as government relations, from projects in North, Central and South America, Africa and South-East Asia.

He holds a Bachelor of Engineering degree in Mining from McGill University and is a member of the Quebec Order of Engineers and the Association of Professional Engineers of Ontario.

Mr. Caron is currently the Chief Executive Officer and a Director of Axmin Inc and a Director of Tiomin Resources Inc. In the last 5 years, Mario has been but has since resigned as a Director of Tiberon Minerals Ltd. from July 2003 to August 2007, Dias Bras Exploration Inc. from June 2007 to June 2008 and Anaconda Mining Inc. from June 2007 to October 2009.

There is no other information required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

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 Latin America. 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 and diamond prospects.

Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and Matrix Corporate Capital LLP is its Nominated Adviser and Broker.

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