LONDON, January 12 /CNW/ - Uruguay Mineral Exploration Inc. (the "Company") (TSX VENTURE:UME) announces that it has been informed by letter from AXA Investment Managers UK Ltd, dated 12th January 2007, that AXA S.A of 25 Avenue Matignon, 75008 Paris and its Group Companies are interested in 6,341,400 Ordinary Shares in the Company, representing 13.13% of the Company's issued share capital.
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 focussed 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 the country (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. In the first half of 2003, the Company discovered the Arenal deposit, currently the largest known gold resource in Uruguay.
Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and Collins Stewart Europe Limited is its Nominated Adviser and Broker.