Uruguay Mineral Exploration Inc.: Director's Dealing

    LONDON, August 17 /CNW/ - Uruguay Mineral Exploration Inc. (the
"Company") (TSX VENTURE:UME) (LSE:  UGY) announces that Tony Shearer, Non
Executive Chairman of the Company, yesterday purchased 20,000 Common Shares in
the Company ("Common Shares") at a price of GBP 1.41 per share.

    Following this purchase, Mr Shearer will have an interest in 503,834
Common Shares representing 1.03% of the Company's issued share capital and
50,000 options to purchase 50,000 Common Shares at an exercise price of CN$
4.50 expiring on 15 September, 2010.

    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.

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 20 7321
5027 ebruning@sharedvalue.net or Collins Stewart Europe Limited Chris
Rollason: +44 20 7523 8308 crollason@collins-stewart.com

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