MONTEVIDEO, Uruguay, — (BUSINESS WIRE) — Uruguay Mineral Exploration Inc., a South American gold production and exploration company, yesterday released two press releases regarding the year end results for fiscal year 2008 which contain typographical errors which the Company considers should be clarified.

In the Press Release titled Uruguay Mineral Exploration Announces Results for Fiscal Year 2008, the correct basic earnings per share of the Company is $US 0.16 instead of $US 0.22 as stated on page 2 and the amount invested in exploration should read $US 9.96 instead of $US 9.6 as stated on page 4.

Also, in the Press Release titled Chairman’s and CEO’s Reports from Annual Report and Accounts 2007/08 the net profit after tax for the financial year to May 31, 2008 is $US 7.8 million and not $US 78 million as stated on page 4. Additionally, the amount invested in exploration should read $US 9.96 instead of $US 9.6 as stated on page 4.
The original Annual Report, Financial Statements and MD&A filed with Sedar and released on the company’s website are correct.

ENDS

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

SOURCE: Uruguay Mineral Exploration Inc