Orosur Mining Regulatory News (OMI)

18 Apr 2007 10:09

Uruguay Mineral Exploration Inc. (the "Company") announces that Tony Shearer,Non Executive Chairman of the Company, on 16th April, 2007 purchased 25,000Common Shares in the Company ("Common Shares") at a price of CAD 3.90 and 5,000Common Shares at a price of GBP 1.65 per share. Following this purchase, Mr Shearer will have an interest in 483,834 CommonShares representing 0.99% of the 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 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 Inc Tony Shearer, Chairman 44 20 7602-1570; tonyshearer@btinternet.com David Fowler, CEO 598 2 6016354 urumin@ume.com.uy Shared Value Ltd Emily Bruning +44 20 7321 5027; ebruning@sharedvalue.net Collins Stewart Europe Limited Chris Rollason +44 20 7523 8308; crollason@collins-stewart.com Copyright Business Wire 2007