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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (18107)	4/21/2008 10:38:36 AM
From: LoneClone	Read Replies (1) \| Respond to of 193482

Production Suspended as a Result of Union Blockade Mon Apr 21, 2:01 AM ca.news.finance.yahoo.com MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Uruguay Mineral Exploration Inc (“the Company”) (TSX VENTURE: UME.V) (LSE: UGY.L) advises that operations at San Gregorio have been temporarily halted from Friday 18th of April as a result of a labour conflict. Up to an estimated 40 members of the Union of Metallurgical Workers blockaded all entrances to the mine, prohibiting other workers and contractors from entering the site. Approximately 400 employees and 300 contractors work at the Company’s San Gregorio operations. The labour dispute occurred as a result of the dismissal of an employee on Wednesday 16th of April following an accident investigation that concluded that he had failed to observe safe operating procedures. The employee had four previous disciplinary sanctions. A review of the most recent and prior incidents concluded that the employee was unsuitable to work in a mining environment. In agreement with the blockading workers, a small number of workers continue to operate the plant on care and maintenance to allow immediate commencement of production once the blockade has been lifted. The effect on full year production will be quantified and the Company will keep the market informed of developments. ENDS 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. Uruguay Mineral Exploration Inc Tony Shearer, Chairman: +44 20 7602-1570 tonyshearer@btinternet.com or David Fowler, CEO: 598 2 6016354 urumin@ume.com.uy or Investor/Media Relations Shared Value Ltd Emily Bruning, +44 (0) 20 7321 5027 ebruning@sharedvalue.net or RBC Capital Markets Andrew Smith, +44 (0) 20 7029 7882 andrew.smith@rbccm.com or Sarah Wharry, +44 (0)20 7653 4667 sarah.wharry@rbccm.com