Uruguay Mineral Exploration Inc.: Annual Report & Accounts

    MONTEVIDEO, URUGUAY, November 7 /CNW/ - The Directors of Uruguay Mineral
Exploration Inc. (the "Company") (TSX VENTURE:UME) (LSE:UGY) advise that the
Company's 2007 Annual Report and Accounts has been posted to shareholders and
is available to download from the Company's website (www.uruguayminerals.com).

    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 RBC Capital Markets is its Nominated Adviser and Broker.

For further information:

For further information: Uruguay Mineral Exploration Inc Tony Shearer,
+44 20 7602-1570 Chairman tonyshearer@btinternet.com or David Fowler, 598 2
6016354 CEO urumin@ume.com.uy or Investor/Media Relations Shared Value Ltd
Emily Bruning, +44 (0) 20 7321 5027 ebruning@sharedvalue.net or RBC Capital
Markets Andrew Smith, +44 (0) 20 7029 7882 andrew.smith@rbccm.com

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