Uruguay Mineral Exploration Inc.: Management Change

    MONTEVIDEO, URUGUAY, November 9 /CNW/ - Pablo Ferrari, Chief Financial
Officer of Uruguay Mineral Exploration Inc. (the "Company") (TSX
VENTURE:UME)(LSE:UGY) has resigned from his position with effect from 15th
November, 2007 in order to pursue other interests.

    The Company's CEO, David Fowler, commented: "I would like to thank Pablo
for his contribution to the Company during the past year, and wish him all the
best in his future endeavours."

    David Fowler will act as interim CFO until a suitable replacement has
been appointed.

    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 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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