Uruguay Mineral Exploration Inc.: Change of Nominated Adviser

    LONDON, August 30 /CNW/ - The Board of Uruguay Mineral Exploration Inc.
(TSX VENTURE:UME) (LSE:  UGY)(the "Company") announces that the Company has
appointed RBC Capital Markets as its Nominated Adviser and Broker with
immediate effect.

    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,
Chairman: +44 20 7602-1570 tonyshearer@btinternet.com or David Fowler, CEO:
598 2 6016354 urumin@ume.com.uy or 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 or Sarah Wharry: +44 (0) 20 7653 4667
sarah.wharry@rbccm.com or Martin Eales: +44 (0) 20 7029 7881

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