Uruguay Mineral Exploration Inc.: Stock Options Granted

20 Apr 2007 10:09

Uruguay Mineral Exploration Inc. ("UME") (TSX VENTURE:UME)(LSE:UGY) announces that it has granted an aggregate of 285,000 stockoptions exercisable at a price of CDN$ 3.45 per Common Share on orbefore April 9, 2012. £ Pablo Ferrari, Chief Financial Officer of UME was granted 150,000stock options, while the balance equivalent to 135,000 stock optionswere granted to recently appointed Managers of UME. £ All of these options were granted on April 10, 2007 and vest inthree equal parts on April 9, 2008, April 9, 2009 and April 9, 2010. £ The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of this news release. £ Editors note: Uruguay Mineral Exploration Inc. is a gold producerand exploration company focused on identifying and developing mineralopportunities in Uruguay. UME is a fully integrated mining company,possessing the skills necessary to explore and develop itsdiscoveries. The Company operates the only producing gold mine inUruguay (San Gregorio), and is also the leading mineral explorationcompany in Uruguay having assembled an exploration portfolio based ongold, base metals (copper, nickel, lead, zinc) and diamond prospects. £ Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) andLondon (AIM) and Collins Stewart Europe Limited is its NominatedAdviser and Broker. Copyright Business Wire 2007