Uruguay Mineral Exploration Inc.: Director's Dealing



    LONDON, August 28 /CNW/ - Uruguay Mineral Exploration Inc. (the
"Company") (TSX VENTURE:UME) (LSE:UGY) announces that David Fowler, Chief
Executive Officer of the Company, on August 23, 2007 purchased 5,100 Common
Shares in the Company ("Common Shares") at a price of CN$ 2.90 per share.

    Following his purchase, Mr Fowler has an interest in 5,100 Common Shares
representing 0.01% of the Company's issued share capital and 200,000 options
to purchase 200,000 Common Shares at an exercise price of CN$ 4.00; 50,000
options to purchase 50,000 Common Shares at an exercise price of CN$ 4.50 and
200,000 options to purchase 200,000 Common Shares at an exercise price of CN$
3.90.

    ENDS

    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 Mark Connelly:
+44 20 7523 8350 mconnelly@collins-stewart.com

Organization Profile

URUGUAY MINERAL EXPLORATION INC.

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