Director's Share Dealings

12 Jan 2007 07:00

URUGUAY MINERAL EXPLORATION INC. MEDIA RELEASE DIRECTOR'S DEALING Uruguay Mineral Exploration Inc. (the "Company") announces that Tony Shearer,Non-Executive Chairman, today purchased 10,000 Common Shares in the Company("Common Shares") at a price of £1.55 per share. Following this transfer, Mr Shearer has an interest in 681,667 Common Shares. 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 focussed 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 the country (San Gregorio), and is also the leadingmineral exploration company in Uruguay having assembled an exploration portfoliobased on gold, base metals (copper, nickel, lead, zinc) and diamond prospects.In the first half of 2003, the Company discovered the Arenal deposit, currentlythe largest known gold resource in Uruguay. 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 \* TUruguay Mineral Exploration IncTony Shearer, Chairman 44 20 7221-9983; tonyshearer@btinternet.comDavid Fowler, CEO 598 2 6016354 urumin@adinet.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\* T Copyright Business Wire 2007