Director/PDMR Shareholding

20 Apr 2007 10:09

Uruguay Mineral Exploration Inc.: Stock Options Granted Uruguay Mineral Exploration Inc. ("UME") (TSX VENTURE:UME) (LSE:UGY) announcesthat it has granted an aggregate of 285,000 stock options exercisable at a priceof CDN$ 3.45 per Common Share on or before April 9, 2012. Pablo Ferrari, Chief Financial Officer of UME was granted 150,000 stock options,while the balance equivalent to 135,000 stock options were granted to recentlyappointed Managers of UME. All of these options were granted on April 10, 2007 and vest in three equalparts on April 9, 2008, April 9, 2009 and April 9, 2010. 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. \* T CONTACT: Uruguay Mineral Exploration Inc Tony Shearer, Chairman 44 20 7602-1570 tonyshearer@btinternet.com or David Fowler, CEO 598 2 6016354 urumin@ume.com.uy or Shared Value Ltd Emily Bruning +44 20 7321 5027 ebruning@sharedvalue.net or Collins Stewart Europe Limited Chris Rollason +44 20 7523 8308 crollason@collins-stewart.com\* T Copyright Business Wire 2007