LONDON, June 15 /CNW/ - Saad Investments Company Limited has notified Uruguay Mineral Exploration Inc. (the "Company") (TSX VENTURE:UME) (LSE:UGY) that it holds, in aggregate, 4,904,000 shares, equivalent to 10.09% of the Company's outstanding shares. This represents an increase of 1,462,600 shares since its last notification on 15 April 2005.
Additionally, the Company has been notified by AXA S.A. and its Group of Companies of its holding of 6,403,200 shares in aggregate, equivalent to 13.18% of the Company's outstanding shares.
The current issued share capital figure for the Company is 48,581,935 as at close of business 14 June 2007.
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.