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Uruguay Min. Explor. (UGY)

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Tuesday 21 August, 2007

Uruguay Min. Explor.

Director/PDMR Shareholding

Uruguay Mineral Exploration Inc
                  

                               DIRECTORS' DEALINGS

Uruguay Mineral Exploration Inc. (the 'Company') 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, please contact

Uruguay Mineral Exploration Inc
Tony Shearer, Chairman: +44 20 7602-1570; tonyshearer@btinternet.com
David Fowler, CEO: 598 2 6016354; urumin@ume.com.uy

Shared Value Ltd
Emily Bruning: +44 20 7321 5027; ebruning@sharedvalue.net

Collins Stewart Europe Limited
Chris Rollason: +44 20 7523 8308; crollason@collins-stewart.com