Uruguay Mineral Exploration Inc.: Reschedule of Definitive Agreement
with Fortune Valley
Uruguay Mineral Exploration Inc
Uruguay Mineral Exploration Inc. ("UME" or the "Company") (TSX
VENTURE:UME) (LSE:UGY), a South American gold production and exploration
company, announced today that the signature with Fortune Valley
Resources Inc. ("Fortune Valley") of the definitive agreement to combine
their respective businesses has been rescheduled for November 6, 2009,
extending the deadline from October 30.
Due diligence is still being undertaken by both parties and the parties
expect to sign the agreement on or before November 6, 2009.
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.
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CONTACT:
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Uruguay Mineral Exploration Inc.
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David Fowler, CEO: 598 2 6016354
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urumin@ume.com.uy
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or
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Matrix Corporate Capital LLP
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Louis Castro, +44 (0) 203 206 7209
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or
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Tim Graham, +44 (0) 203 206 7206
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