UME clarifies typographical errors

14 Aug 2008 17:02

Uruguay Mineral Exploration clarifies typographical errors Uruguay Mineral Exploration Inc. ("UME" or the "Company"), a South American goldproduction and exploration company, yesterday released two press releasesregarding the year end results for fiscal year 2008 which contain typographicalerrors which the Company considers should be clarified. In the Press Release titled Uruguay Mineral Exploration Announces Results forFiscal Year 2008, the correct basic earnings per share of the Company is $US0.16 instead of $US 0.22 as stated on page 2 and the amount invested inexploration should read $US 9.96 instead of $US 9.6 as stated on page 4. Also, in the Press Release titled Chairman's and CEO's Reports from AnnualReport and Accounts 2007/08 the net profit after tax for the financial year toMay 31, 2008 is $US 7.8 million and not $US 78 million as stated on page 4.Additionally, the amount invested in exploration should read $US 9.96 instead of$US 9.6 as stated on page 4. The original Annual Report, Financial Statements and MD&A filed with Sedar andreleased on the company's website are correct. ENDS The TSX Venture Exchange has not reviewed and does not accept responsibility forthe adequacy or accuracy of this news release. About Uruguay Mineral Exploration Inc. Uruguay Mineral Exploration Inc. (UME) is a gold production and explorationcompany that identifies and develops mineral opportunities in South America. UMEis a fully integrated mining company, possessing the skills necessary to exploreand develop its discoveries. UME operates San Gregorio, the only producing goldmine in Uruguay, and is the leading mineral exploration company in Uruguay withan exploration portfolio of gold, diamonds and base metal prospects, includingcopper, nickel, lead, and zinc. Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) andRBC Capital Markets is its Nominated Adviser and Broker. More information can befound at www.uruguayminerals.com \* TFor further information, please contact Uruguay Mineral Exploration IncTony Shearer, Chairman: +44 (0)20 7602 1570; tonyshearer@btinternet.comDavid Fowler, CEO: + 598 2 6016354; urumin@ume.com.uy Investor/Media RelationsEmily Bruning, Shared Value Ltd: +44 (0) 20 7321 5027; ebruning@sharedvalue.net Investor Relations in North AmericaSusan Borinelli, Breakstone Group: +1 646-330-5907; sborinelli@breakstone-group.com RBC Capital MarketsAndrew Smith: +44 (0) 20 7029 7882; andrew.smith@rbccm.comSarah Wharry: +44 (0)20 7653 4667; sarah.wharry@rbccm.com\* T Copyright Business Wire 2008