Uruguay Mineral Exploration Inc.

Uruguay Mineral Exploration Inc.

October 12, 2006 12:24 ET

Uruguay Mineral Exploration Inc.:AGM Resolutions Passed

LONDON, UNITED KINGDOM--(CCNMatthews - Oct. 12, 2006) - Uruguay Mineral Exploration Inc ("UME" or the "Company") (TSX VENTURE:UME) (AIM:UGY), the profitable mid-tier gold producer and explorer, announces that the resolutions put to shareholders at the AGM held at 4.00pm today at The City Suite, City of London Club, 19 Old Broad Street, London were duly passed.


Editors note: Uruguay Mineral Exploration Inc. is a gold producer and exploration company focussed 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 the country (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. In the first half of 2003, the Company discovered the Arenal deposit, currently the largest known gold resource in Uruguay.

Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and Collins Stewart Limited is the Nominated Adviser and broker.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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