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Uruguay Min. Explor. (UGY)

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Thursday 30 August, 2007

Uruguay Min. Explor.

Change of Adviser

Uruguay Mineral Exploration Inc
                  

                           Change of Nominated Adviser

The Board of Uruguay Mineral Exploration Inc (the 'Company'). announces that the
Company has appointed RBC Capital Markets as its Nominated Adviser and Broker
with immediate effect.

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
RBC Capital Markets 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 (0) 20 7321 5027; ebruning@sharedvalue.net

RBC Capital Markets
Andrew Smith: +44 (0) 20 7029 7882; andrew.smith@rbccm.com
Sarah Wharry: +44 (0) 20 7653 4667; sarah.wharry@rbccm.com
Martin Eales: +44 (0) 20 7029 7881: martin.eales@rbccm.com