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Notice of Results

8 Jan 2009 15:10

Uruguay Mineral Exploration

2009 Second Quarter Earnings Conference Call

13:00 UK time, Thursday, January 15, 2009

SYMBOLS: UME (TSXV), UGY (AIM)

Uruguay Mineral Exploration Inc ("UME" or "the Company"), a gold production and exploration company, announced today that it will hold its fiscal 2009 second quarter earnings conference call on Thursday, January 15, 2009 at 8:00 Toronto time, 13:00 UK time.

The earnings release for the second quarter ending November 30, 2008 will be issued on January 14, 2009 at 7:00 am UK time.

The conference call can be accessed by dialing +1 866 966 5335 (Canada and US) or +44 (0)20 3003 2666 (UK and International). All participants will be required to register with the operator.

A simultaneous web cast of the conference call and replay will be available at http://www.uruguayminerals.com. You will need to have Windows Media Player installed on your computer and you will also be required to complete a registration page in order to log on to the webcast.

A slide presentation will also be available beginning January 14, 2009 at 7:00 am UK time for download from the investor relations section of UME's corporate website at http://www.uruguayminerals.com/investors/presentations/.

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

Editors' note: Uruguay Mineral Exploration Inc. is a gold producer and exploration company focused on identifying and developing mineral opportunities in Uruguay. UME is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. The Company operates the only producing gold mine in Uruguay (San Gregorio), and is also the leading mineral exploration company in Uruguay having assembled an exploration portfolio based on gold, base metals (copper, nickel, lead, zinc) and diamond prospects.

Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and RBC Capital Markets is its Nominated Adviser and Broker.

For further information, please contact:

Uruguay Mineral Exploration Inc

Tony Shearer, Chairman: +44 (0)20 7602 1570; tonyshearer@btinternet.com

David Fowler, CEO: + 598 2 6016354; urumin@ume.com.uy

Investor Relations in North America

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

Copyright Business Wire 2009

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