Trading Statement
Uruguay Mineral Exploration Inc
SYMBOLS: UME (TSXV), UGY (AIM)
Uruguay Mineral Exploration, Inc. (“UME” or “the Company”), a
South American focused gold production and exploration company,
announces that the Board of the Company notes the recent movement in its
share price.
UME has no hedging and no borrowings. Accordingly, it benefits in full
from the recent increase in gold prices. Furthermore, the drilling
results released on 8 July, 4 August and 9 September 2009 for Arenal
Deeps have delivered significantly better grades than those used in
UME’s previously published pre-feasibility study
In addition, and in keeping with its stated strategy, UME continues to
investigate opportunities to acquire gold development assets in Latin
America and is in early stage discussions with a number of parties.
The Board is not aware of any other reason for the recent increase in
its share price.
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 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:
Uruguay Mineral Exploration Inc
Tony Shearer, ChairmanTony Shearer, Chairman
+44
20 7602-1570+44
20 7602-1570
tonyshearer@btinternet.com
oror
David
Fowler, CEODavid
Fowler, CEO
598 2 6016354598 2 6016354
urumin@ume.com.uy
or
Matrix Corporate Capital LLP
Louis Castro, +44 (0)
203 206 7209Louis Castro, +44 (0)
203 206 7209
oror
Tim Graham, +44 (0) 203 206 7206Tim Graham, +44 (0) 203 206 7206
or
Investor Relations in North America
Susan Borinelli,
Breakstone GroupSusan Borinelli,
Breakstone Group
+1 646-330-5907+1 646-330-5907
sborinelli@breakstone-group.com
