Uruguay Mineral Exploration Inc.: Stock Options Granted

    LONDON, April 20 /CNW/ - Uruguay Mineral Exploration Inc. ("UME") (TSX
VENTURE:UME) (LSE:UGY) announces that it has granted an aggregate of 285,000
stock options exercisable at a price of CDN$ 3.45 per Common Share on or
before April 9, 2012.

    Pablo Ferrari, Chief Financial Officer of UME was granted 150,000 stock
options, while the balance equivalent to 135,000 stock options were granted to
recently appointed Managers of UME.

    All of these options were granted on April 10, 2007 and vest in three
equal parts on April 9, 2008, April 9, 2009 and April 9, 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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