UME Completes Additional Purchase of Its Own Shares

Uruguay Mineral Exploration Inc (“the Company”) (TSX VENTURE:UME) (LSE:UGY) announces that on 10 and 11 June, 2008 CIBC World Markets plc purchased a total of 52,400 of UME’s common shares (“Common Shares”) on the Company’s behalf. The shares were bought at a price of C$ 2.85 per share and will be immediately cancelled. After such cancellation, the number of issued and outstanding Common Shares of the Company will be 48,667,068.

On 11 December, 2007 the Company announced the current share buy-back programme. Since the announcement, the cumulative total number of Common Shares purchased is 274,200 at an aggregate cost of C$ 816,247.

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

Editors’ note: Uruguay Mineral Exploration Inc. is a gold producer and exploration company focused 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 Uruguay (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.

Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and RBC Capital Markets is its Nominated Adviser and Broker.