Notice of Results

9 Oct 2008 17:09

Press Release

October 9, 2008

Symbols: TSXV: UME; AIM: UGY

Uruguay Mineral Exploration Inc: Notice of Results 

Uruguay Mineral Exploration Inc. (UME), a South American gold production and exploration company, will announce its financial results for the quarter ended August 31, 2008 on Friday, October 10, 2008 at 07.00 a.m. UK Time. There will be no subsequent Conference Call as the Company will hold its Annual General Meeting at 11.00 a.m. UK Time on Friday, October 10 at City of London Club, 19 Old Broad Street, London EC2N 1DS. Presentation materials will be available at www.uruguayminerals.com.

ENDS

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

About Uruguay Mineral Exploration Inc.

Uruguay Mineral Exploration Inc. (UME) is a gold production and exploration company that identifies and develops mineral opportunities in South America. UME is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. UME operates San Gregorio, the only producing gold mine in Uruguay, and is the leading mineral exploration company in Uruguay with an exploration portfolio of gold, diamonds and base metal prospects, including copper, nickel, lead, and zinc.

Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and RBC Capital Markets is its Nominated Adviser and Broker. More information can be found at www.uruguayminerals.com

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

Investor/Media Relations

Susan Borinelli, Breakstone Group: +1-646-330-5907; sborinelli@breakstone-group.com

RBC Capital Markets

Andrew Smith: +44 (0) 20 7029 7882; andrew.smith@rbccm.com 

Sarah Wharry: +44 (0) 20 7653 4667; sarah.wharry@rbccm.com 

Martin Eales: +44 (0) 20 7029 7881: martin.eales@rbccm.com