Tournigan Energy Limited

Published : September 04th, 2008

A Letter to Shareholders from Dorian L. (Dusty) Nicol, President & CEO

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Re:   Investor Alert - Wednesday, September 03, 2008
      A Letter to Shareholders from Dorian L. (Dusty) Nicol, President
      &  CEO

Dear Shareholder,

I was appointed President and CEO of Tournigan Energy in July 2008.
Having had some time now to review the company's assets, I am writing
this letter to present to you my plan to regain and increase
shareholder value.

As our name states, our primary focus is energy.  Our most significant
properties are located in Slovakia, a member of the European Union and
a country which has made a long-term commitment to nuclear energy.  Our
most advanced property is Kuriskova, a large, high-grade uranium
deposit on which we recently completed a resource recalculation,
resulting in a significant upgrade to the resource.  Our other
significant uranium properties in Slovakia include Novoveska Huta,
which was the subject of a great deal of historical exploration work
and on which we are conducting a resource recalculation, and a large
area of prospective exploration ground on which our reconnaissance work
(including airborne radiometric surveys) has demonstrated tremendous
potential for discovering additional uranium mineralization.

Currently we are drilling with two rigs at Kuriskova.  This drilling is
expected to further upgrade the resource, moving more pounds of uranium
from the inferred to the measured and indicated categories, as well as
to add to the resource both along strike and at depth.  We continue our
baseline environmental sampling and geotechnical data collection on the
property as well as continuing the dialogue with communities and
government at all levels in Slovakia about the project and its
potential social, environmental and economic impacts.  We are
evaluating options that will optimize value to Tournigan shareholders
as Kuriskova heads toward feasibility and an expected production

At Novoveska Huta, we have one rig drilling at present and plan to add
a second shortly.  Drilling there is so far confirming the results of
historic drilling; recent drilling also appears to have extended the
strike length of mineralization and has intersected higher grade
mineralization than reported in the historic resource. We hope that
continued drilling will add to the deposit's size as well as increase
its grade.  Our objective is to complete a resource recalculation there
near the end of 2008 or early in 2009 and advance Novoveska Huta so
that it is also ready for a feasibility study and expected production

On our Slovakian exploration properties, we are continuing to follow up
on the anomalies generated by our airborne radiometric survey.  Work to
date has identified 25 individual targets worthy of follow up.  We will
be prioritizing these targets and aggressively advancing exploration on

In addition to our Slovakian uranium assets, we have several
early-stage uranium exploration properties in the western United
States.  These are lower priority to us and will not be the focus of a
significant amount of activity by Tournigan.  We are evaluating options
for selling or joint venturing these in a way that maintains some
participation for our shareholders in any long-term potential upside.

In addition to its uranium assets, Tournigan Energy has two significant
gold assets: Curraghinalt in Northern Ireland and Kremnica in Slovakia.
 Curraghinalt is a high-grade vein deposit with significant potential
to expand both laterally and at depth.  Kremnica, which has produced
over 1.7 million ounces of gold since medieval times, has a defined
resource near historic workings.  However, we feel that the real
potential at Kremnica lies within the extensive mineralized area in the
southern part of the exploration license, where relatively little
exploration has been conducted to date.

As most of you know, Tournigan gave serious consideration recently to
splitting its gold assets into a separate company by means of a
so-called "butterfly split".  Market conditions since then have not
been favorable for this and these plans have been shelved for the
present.  We are evaluating options for realizing value for these gold

I accepted this job because I felt that Tournigan Energy has a
world-class combination of assets that represented an ideal springboard
for realizing growth.  During my first two months, we have made major
reductions in head office staff and costs and our resulting scaled back
management team has the skills and experience that we need.  We have
focused our efforts on those assets which have the potential to add
real shareholder value and will continue to focus our efforts in these
directions.  While we will always be aggressive in following
opportunities as we identify them, we will not allow ourselves to be
distracted from our objective: to become a premier mid-tier explorer,
developer and producer of uranium.  Our strategy will be to advance
Tournigan projects through exploration and development; where
appropriate, we will bring in senior joint venture partners to provide
capital and share the risk in construction and operation.  Initially
our focus will remain in Slovakia where we already have world-class
uranium assets, but we will expand into other areas as we identify
opportunities that make commercial sense and fit into our strategy and

The next few years promise to very exciting for Tournigan Energy.  I
thank you all for your continued support and I certainly welcome any of
your questions.  If you have questions, please contact Knox Henderson,
our Manager of Investor Relations, or email

            "Dusty Nicol"

Dorian L. (Dusty) Nicol
President and Chief Executive Officer

Copyright (c) 2008 TOURNIGAN ENERGY LTD. (TSXV-TVC)  All rights
reserved.  For more information visit our website at or send
Data and Statistics for these countries : Ireland | Slovakia | All
Gold and Silver Prices for these countries : Ireland | Slovakia | All

Tournigan Energy Limited

ISIN : CA8915651035
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Contact Cpy

Tournigan Energy Ltd. is a gold and silver exploration company based in Canada.

Tournigan Energy Ltd. holds various exploration projects in Slovakia.

Its main exploration properties are NOVOVESKA HUTA and KURISKOVA in Slovakia and CURRAGHINALT in Ireland.

Tournigan Energy Ltd. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.2 millions as of today (US$ 4.2 millions, € 3.6 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.50, and its lowest recent point on February 17, 2023 at CA$ 0.02.

Tournigan Energy Ltd. has 208 018 000 shares outstanding.

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Annual reports of Tournigan Energy Limited
2008 Annual Report
2007 Annual Report
Financings of Tournigan Energy Limited
1/5/2012Closes Private Placement With Areva, And Welcomes Andreas M...
7/14/2010Closes Private Placement
6/29/2010Plans Private Placement
Nominations of Tournigan Energy Limited
1/30/2009Cuts Costs, Opens Denver Office, Appoints CFO, Corporate Sec...
11/3/2008Appoints VP Engineering / Environmental and VP Exploration
8/8/2007Appoints New Chairman
Project news of Tournigan Energy Limited
3/1/2012To Open March 1, 2012 As European Uranium Resources Ltd.
2/22/2012Takes Final Steps To Become European Uranium Resources Ltd.
11/30/2011(Novoveska Huta)Files Technical Report For Novoveska Huta Resource
4/26/2011(Kuriskova)Increases Indicated Resource at Kuriskova by 39% to 28.5 Mil...
3/7/2011(Kuriskova)Continues to Improve Grade in Kuriskova's Main Zone South
8/3/2010(Kuriskova)Metallurgical Testing For Prefeasibility Study Indicates Ura...
3/24/2010(Kuriskova)Increases Indicated Resource, Adds High Grade, at Kuriskova ...
11/23/2009(Kuriskova)Discovers New Zone of High Grade Mineralization at Kuriskova
11/9/2009(Kuriskova)Drills More High Grade Uranium at Kuriskova
11/3/2009(Kuriskova)Initial Metallurgical Testing at Tournigan's Kuriskova Proje...
10/19/2009(Kuriskova)Awards Prefeasibility Study of Kuriskova Uranium Deposit
10/1/2009(Kuriskova)Resumes Drilling at Kuriskova Uranium Deposit
9/30/2009(Curraghinalt)Sells Curraghinalt Gold Project
7/27/2009Files Technical Report
6/26/2009(Kuriskova)Positive Preliminary Assessment for Tournigan's Kuriskova Ur...
6/8/2009(Kremnica Mine)Signs Option Agreement on Kremnica Gold Property
2/24/2009(Kuriskova)Doubles Contained Uranium and Increases Grade of Indicated R...
1/19/2009(Kuriskova)Provides Update on Kuriskova Uranium Deposit in Slovakia
9/10/2008(Kuriskova)Adds Uranium Mineralization at Kuriskova and Novoveska Huta
8/29/2008(Kuriskova)Files Kuriskova Technical Report
7/16/2008(Kuriskova)Upgrades Portion of Kuriskova Resource to Indicated Category...
4/23/2008(Kuriskova) Continues Reporting High Grade Uranium Assays at Kuriskova,...
4/8/2008(Kuriskova)Reports High Grade Chemical Assay Results at Kuriskova
2/28/2008(Curraghinalt)Confirms High-Grade Gold Veins at Curraghinalt with Addition...
2/21/2008(Kuriskova)Kuriskova Infill Drilling Returns More High Grade Uranium
12/5/2007(Curraghinalt) Announces Significant Increase in Curraghinalt Gold Resourc...
Corporate news of Tournigan Energy Limited
3/13/2012(Kuriskova)European Uranium Files Technical Report For Kuriskova Prelim...
3/1/20122012 Outlook
2/2/2012in Northern Miner
1/30/2012(Kuriskova)Prefeasibility Study Indicates Kuriskova Could be Among Worl...
12/28/2011News Release
12/7/2011Forges Alliance With Areva, Acquires Scandinavian Uranium As...
8/23/2011(Kuriskova)Geotechnical Drilling Hits Uranium Mineralization at Much Hi...
8/9/2011(Kuriskova)s Progress on Prefeasibility Study for Kuriskova
4/8/2011Elects New Board Member
7/20/2010Mobilizes Zone 45 Drill Program
4/30/2010files Voluntary U.S. Deregistration
4/15/2010completes sale of Kremnica to Ortac
1/14/2010Cuts 4.5 Metres of 0.977 Percent eU3O8 at Kuriskova
1/5/2010Sale of Irish Property Brings Year-End Cash Up to $5.6 Milli...
12/10/2009Members of Parliament Did Not Agree with Uranium Mining Ban
11/2/2009Closes $5.5 Million Dalradian Sale
3/2/2009Completes Sale of U.S. Uranium Properties
12/23/2008Finalizes Dalradian Gold Agreement in Northern Ireland
10/2/2008Arranges Sale of Non-Core Assets in Northern Ireland and the...
9/4/2008A Letter to Shareholders from Dorian L. (Dusty) Nicol, Presi...
7/9/2008Information Now Available Through S&P Market Access Program
5/15/2008Provides Clarification
5/5/2008Name Change to Tournigan Energy Ltd. Focus on Kuriskova Uran...
3/19/2008's Uranium Targets Continue to Expand
3/4/2008 Completes Acquisition of US Uranium Interests
2/8/2008Extends Uranium Roll-front in Wyoming
1/31/2008Adopts Shareholder Rights Plan
1/15/2008Hits Uranium in Wyoming
10/24/2007 Announces Exploration Property Resource Changes, Restatemen...
10/12/2007Tournigan U.S. Uranium Acquisition Agreement and Reorganizat...
7/19/2007 Project Updates
5/29/2007Receives Positive Pre-feasibility on Kremnica Gold
5/28/2007Seeks to Unlock Shareholder Value by Separating
5/7/2007Tournigan's Resource at Kuriskova (Jahodna) Almost Triples t...
4/19/20072007 Operational Update - Uranium Properties
3/29/2007Adds Claims in Wyoming
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