Directorate Change
Uruguay Mineral Exploration Inc
SYMBOLS: UME (TSXV), UGY (AIM)
Resignation of Chairman, Tony Shearer
Uruguay Mineral Exploration Inc (“UME” or the “Company”)
announced today that its Chairman, Tony Shearer, has informed the
Company that he will resign as Chairman and as a Director as soon as a
replacement has been appointed, but in any event no later than the
Company’s next annual general meeting, which is expected to be held in
October 2009. During this period Tony Shearer and David Fowler, the
Company’s CEO, will be looking for a new Chairman, working with a list
of potential candidates, and taking soundings from the major
shareholders. Tony has been a Director and Chairman of UME since 8
February, 2002.
Tony Shearer said today “After more than seven years as Chairman of UME
I have decided that UME needs a new Chairman with different skills and a
fresh mind to help David Fowler guide the Company.”
“We are very fortunate to have such a capable, enthusiastic and
dedicated Chief Executive running the business. I believe that the
Company will benefit from a fresh mind to work with David to maximise
the potential of our existing business in Uruguay and in pursuing new
growth opportunities already identified elsewhere in South America.”
David Fowler said that he and the Board would like to thank Tony Shearer
for his clear leadership, support and commitment to the development of
UME over the past seven years.
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 Latin America. 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 Matrix Corporate Capital LLP is its Nominated Adviser and
Broker.
For further information, please contact: