Uruguay Mineral Exploration Inc.: Directors' Dealings

    LONDON, August 21 /CNW/ - Uruguay Mineral Exploration Inc. (the
"Company") (TSX VENTURE:UME) (LSE:UGY) announces that last Friday 17 August
William Lindqvist, Non Executive Director of the Company, purchased 10,000
Common Shares of the Company ("Common Shares"), 6,900 of which at a price of
C$ 3.11 per share and 3,100 of which at a price of C$ 3.22 per share.

    The Company also announces that Tony Shearer, Non Executive Chairman of
the Company, yesterday purchased 40,000 Common Shares at a price of C$ 2.97
per share.

    Following his purchase, Mr. Lindqvist has an interest of 10,000 Common
Shares representing 0.02% of the Company's issued share capital and 50,000
options to purchase 50,000 Common Shares at an exercise price of C$ 4.62
expiring on 6 December, 2010.

    In addition, following his purchase Mr. Shearer has an interest in
543,834 Common Shares representing 1.11% of the Company's issued share capital
and 50,000 options to purchase 50,000 Common Shares at an exercise price of C$
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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