UGY Uruguay Mineral (SEE LSE:OMI)

 
TIDMUGY 
 
 

  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. 

 
CONTACT:   Uruguay Mineral Exploration Inc. 
           David Fowler, CEO: 598 2 6016354 
           urumin@ume.com.uy 
           or 
           Matrix Corporate Capital LLP 
           Louis Castro, +44 (0) 203 206 7209 
           or 
           Tim Graham, +44 (0) 203 206 7206 
 
 
 
 
 

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