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Re:   News Release - Tuesday, December 23, 2008
      Tournigan Finalizes Dalradian Gold Agreement in Northern Ireland
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Vancouver, December 23, 2008 -- Pursuant to the announcement by
Tournigan Energy Ltd. ("Tournigan") (TVC:TSX-V; TGP:Frankfurt) on
October 2, 2008 that it had arranged to sell its wholly-owned
subsidiaries Dalradian Gold Limited ("Dalradian Gold") and Tournigan
USA Inc., Tournigan is now pleased to announce that it has amended and
closed the Dalradian Gold transaction and is continuing to work toward
closing the Tournigan USA transaction.

Dalradian Gold Transaction

The Dalradian Gold transaction, which includes the company's
Curraghinalt Gold Project in Northern Ireland, has been amended and
finalized as an earn-in option agreement. In the agreement, C3
Resources, Inc. ("C3 Resources") will pay Tournigan a total of C$9.25
million in four staged payments and C3 Resources will fund 100% of the
project expenditures until the completion of a bankable feasibility
study for a 90% equity interest in Dalradian Gold.  The staged payments
will be paid in the following earn-in phases:

(a) An upfront payment of C$1 million (C$375,000 of which has been
previously paid, C$450,000 which will be paid on receipt of approval
for the transaction from the TSX Venture Exchange and a further
C$175,000 on or before March 31, 2009);

(b) C$3.25 million upon the completion of an updated NI 43-101
compliant resource definition, on or before December 31, 2010;

(c) C$1.75 million upon completion of a NI 43-101 compliant
pre-feasibility report, on or before December 31, 2011; and

(d) C$3.25 million upon completion of a NI 43-101 compliant
bankable feasibility study, on or before June 30, 2013.


Upon completion of the updated NI 43-101 compliant resource definition
as outlined in phase (b) above, C3 Resources will have the option to
enter into a formal joint-venture agreement with Tournigan and hold a
51% equity interest in Dalradian Gold.  This interest will increase
with each earn-in phase until it reaches 90% upon completion of phase
(d) at which time Tournigan and C3 Resources will participate in
Dalradian Gold on a pro-rata basis.  The parties have entered into a
definitive option agreement, effective as of December 19, 2008.

The Dalradian Gold transaction is still subject to approval by the TSX
Venture Exchange.


Tournigan USA Transaction

Tournigan continues to work toward closing the Tournigan USA
transaction with Fischer-Watt Gold Company, Inc. under the same terms
as outlined in the October 2, 2008 press release.  Tournigan USA holds
claims in Wyoming, South Dakota and Arizona covering approximately
55,000 acres of prospective uranium exploration ground.  Closing of the
Tournigan USA transaction is planned for mid-January.

The Curraghinalt Gold Project in Northern Ireland (Dalradian Gold) and
the uranium exploration licenses in the USA (Tournigan USA) are
non-core assets of Tournigan.  The structures of the two transactions
allow Tournigan to continue participating in the potential upside of
the underlying assets, while allowing its management and financial
resources to be focused exclusively on the development of its
prospective mineral properties in Slovakia, notably its Kuriskova
Uranium Project.

About Tournigan Energy Ltd.

Tournigan Energy is a uranium and gold exploration and development
company that has built a portfolio of highly prospective assets in
Europe. The Company has focused its development and obtained licences
in Slovakia, a member of the European Union since 2004. Slovakia is
economically and politically stable, has excellent infrastructure, an
educated population and is adopting the Euro currency on January 1,
2009. Tournigan Energy is committed to safe and sustainable exploration
and mine development in Slovakia and its other operational
jurisdictions.

On behalf of the Board of Directors of

TOURNIGAN ENERGY LTD.

"Dusty Nicol"                                        
Dorian L. (Dusty) Nicol, President and CEO

Forward-looking statements: Certain of the statements made herein,
including any information as to the Company's future financial or
operating performance, may be forward-looking and subject to important
risk factors and uncertainties, many of which are beyond the
Corporation's ability to control or predict. Accordingly, readers
should not place undue reliance on forward-looking statements. The
Company undertakes no obligation to update publicly or release any
revisions to forward-looking statements to reflect events or
circumstances after the date of this document or to reflect the
occurrence of unanticipated events.

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

For further information please contact: Knox Henderson, Tournigan
Energy Investor Relations, at (604) 637-3563, or visit
www.tournigan.com.

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Copyright (c) 2008 TOURNIGAN ENERGY LTD. (TSXV-TVC)  All rights
reserved.  For more information visit our website at
http://www.tournigan.com/ or send mailto:info@tournigan.com
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