Uruguay Mineral Exploration

2008 Fourth Quarter Earnings Conference Call

15:00 pm UK time, Wednesday, August 13, 2008

MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Uruguay Mineral Exploration Inc (TSX VENTURE:UME) (LSE:UGY), a gold production and exploration company, will hold its fiscal 2008 fourth quarter earnings conference call on Wednesday, August 13, 2008 at 10:00 Toronto time, 15:00 UK time. The earnings release for the fourth quarter ending May 31, 2008 will be issued on August 13, 2008 at 7:00 am UK time.

During the call management will discuss its year-end results as well as its four-year base case mine plan and strategies to improve this plan.

The conference call can be accessed by dialing +1 718 354 1361 (Canada and US) or +44 (0)20 7138 0821 (UK) and giving passcode 5432796. All participants will be required to register with the operator.

A live web cast of the conference call and replay will be available at http://www.uruguayminerals.com. You will need to have Windows Media Player installed on your computer and you will also be required to complete a registration page in order to log on to the webcast.

A slide presentation will also be available beginning August 13, 2008 at 7:00 am UK time for download from the investor relations section of UME’s corporate website at http://www.uruguayminerals.com/investors/presentations/.

A replay of the call will be available until midnight (UK time) on August 24, 2008. The replay is accessible by dialing +1 718 354 1112 (Canada & US) or +44 (0)20 7806 1970 (UK) and entering passcode 5432796#.

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

About Uruguay Mineral Exploration Inc.

Uruguay Mineral Exploration Inc. (UME) is a gold production and exploration company that identifies and develops mineral opportunities in South America. UME is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. UME operates San Gregorio, the only producing gold mine in Uruguay, and is the leading mineral exploration company in Uruguay with an exploration portfolio of gold, diamonds and base metal prospects, including copper, nickel, lead, and zinc.

Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and RBC Capital Markets is its Nominated Adviser and Broker. More information can be found at www.uruguayminerals.com