REG-Uruguay Minerals Exploration plc Grant Of Stock Options

* Reuters is not responsible for the content in this press release.

Mon Apr 20, 2009 11:56am EDT

MONTEVIDEO, Uruguay--(Business Wire)--


April 20, 2009 

SYMBOLS: UME (TSXV), UGY (AIM) 

STOCK OPTIONS GRANTED

Uruguay Mineral Exploration Inc ("UME" or the "Company"), a gold production and
exploration company, announced today that it has granted 30,000 stock options to
subscribe for Common Shares in accordance with the Stock Option Policy of the
Company. These options were granted to a recently joined employee who is not an
officer, vest over a two year period and are exercisable at a price of CDN$ 0.38
per Common Share with 5-year expiry. 

ENDS

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this 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 (0)20 7602 1570; tonyshearer@btinternet.com
David Fowler, CEO: + 598 2 6016354; urumin@ume.com.uy

Investor Relations in North America
Susan Borinelli, Breakstone Group: +1 646-330-5907;
sborinelli@breakstone-group.com

RBC Capital Markets
Sarah Wharry: +44 (0)20 7653 4667; sarah.wharry@rbccm.com





Uruguay Minerals Exploration plc 

Copyright Business Wire 2009

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