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LONDON, August 28 /CNW/ - Uruguay Mineral Exploration Inc. (the "Company") (TSX VENTURE:UME) (LSE:UGY) announces that David Fowler, Chief Executive Officer of the Company, on August 23, 2007 purchased 5,100 Common Shares in the Company ("Common Shares") at a price of CN$ 2.90 per share.
Following his purchase, Mr Fowler has an interest in 5,100 Common Shares representing 0.01% of the Company's issued share capital and 200,000 options to purchase 200,000 Common Shares at an exercise price of CN$ 4.00; 50,000 options to purchase 50,000 Common Shares at an exercise price of CN$ 4.50 and 200,000 options to purchase 200,000 Common Shares at an exercise price of CN$ 3.90.
ENDS
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 Collins Stewart Europe Limited is its Nominated Adviser and Broker.