Director Shareholding

11 Apr 2005 14:51

Uruguay Mineral Exploration Inc11 April 2005 11 April 2005 URUGUAY MINERAL EXPLORATION INC. SYMBOLS: UME (TSXV) UGY (AIM) Warrant exercise increases Chairman's holding Uruguay Mineral Exploration Chairman Tony Shearer has exercised 40,000 warrantsat a price of $3.75. He now holds an aggregate of 671,667 shares and 200,000stock options. ENDS Editors Notes: The Company's financial year-end is 31 May. 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. This release may contain certain forward-looking statements within the meaningof Section 21E of the United States Securities Exchange Act 1934, as amended.Although Uruguay Mineral Exploration Inc. has taken all care in preparing thisrelease, all statements included herein, other than statements of historicalfact, including without limitation exploration results, resource estimates,projected programs and statements of objectives involve certain risks anduncertainties. Important factors that could cause actual results to differmaterially from those in the forward looking statements contained herein,include among others, weather, access to property, drill availability, assaylaboratory performance and availability of technical personnel. For further information, please contact Uruguay Mineral Exploration Inc.Tony 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