Director/PDMR Shareholding

21 Aug 2007 15:19

DIRECTORS' DEALINGS Uruguay Mineral Exploration Inc. (the "Company") announces that last Friday 17August William Lindqvist, Non Executive Director of the Company, purchased10,000 Common Shares of the Company ("Common Shares"), 6,900 of which at a priceof C$ 3.11 per share and 3,100 of which at a price of C$ 3.22 per share. The Company also announces that Tony Shearer, Non Executive Chairman of theCompany, yesterday purchased 40,000 Common Shares at a price of C$ 2.97 pershare. Following his purchase, Mr. Lindqvist has an interest of 10,000 Common Sharesrepresenting 0.02% of the Company's issued share capital and 50,000 options topurchase 50,000 Common Shares at an exercise price of C$ 4.62 expiring on 6December, 2010. In addition, following his purchase Mr. Shearer has an interest in 543,834Common Shares representing 1.11% of the Company's issued share capital and50,000 options to purchase 50,000 Common Shares at an exercise price of C$ 4.50expiring on 15 September, 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. For further information, please contact Uruguay Mineral Exploration IncTony Shearer, Chairman: +44 20 7602-1570; tonyshearer@btinternet.comDavid Fowler, CEO: 598 2 6016354; urumin@ume.com.uy Shared Value LtdEmily Bruning: +44 20 7321 5027; ebruning@sharedvalue.net Collins Stewart Europe LimitedChris Rollason: +44 20 7523 8308; crollason@collins-stewart.com Copyright Business Wire 2007