Tournigan Energy Limited

Published : December 23rd, 2008

Finalizes Dalradian Gold Agreement in Northern Ireland

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Keywords :   Euro | European Union | Gold | Ireland | Knox | Slovakia | Uranium |
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Re:   News Release - Tuesday, December 23, 2008
      Tournigan Finalizes Dalradian Gold Agreement in Northern Ireland
=======================================================================

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.

=======================================================================
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
=======================================================================
.
<
Data and Statistics for these countries : Ireland | Slovakia | All
Gold and Silver Prices for these countries : Ireland | Slovakia | All

Tournigan Energy Limited

EXPLORATION STAGE
CODE : TVC.V
ISIN : CA8915651035
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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$ 8.3 millions as of today (US$ 6.7 millions, € 5.8 millions).

Its stock quote reached its lowest recent point on December 31, 2001 at CA$ 0.03, and its highest recent level on December 31, 2007 at CA$ 4.50.

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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