REG-Uruguay Mineral Exploration Inc Statement re Reschedule of Record Date for interim dividend

MONTEVIDEO, Uruguay--(Business Wire)--

Reschedule of Record Date for interim dividend

Uruguay Mineral Exploration Inc. ("the Company") announced on 9 January 2008 the
payment of an interim dividend of 2 Canadian cents per share. The record date
for the interim dividend has been changed to 25 March 2008 from 21 March 2008
due to a conflict with a national bank holiday in the United Kingdom. The
payment date remains 11 April 2008.

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

Investor/Media Relations
Emily Bruning, Shared Value Ltd: +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

Uruguay Mineral Exploration Inc

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