Tournigan Energy Limited Geotechnical Drilling Hits Uranium Mineralization at Much Higher Grade than Expected at Kuriskova by 24hgold

News Release - Tuesday, August 23, 2011
Tournigan Geotechnical Drilling Hits Uranium Mineralization at Much Higher Grade than Expected at Kuriskova

Vancouver, August 23, 2011 - Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) announced today the results of downhole radiometric logging of a geotechnical drill hole in the central part of the high grade Kuriskova Uranium deposit in Slovakia. This hole was drilled to collect geotechnical information as part of the ongoing prefeasibility study being performed by Tetra Tech, Inc. which is expected to be completed before the end of this year.

Highlights of the results from this drill hole (LE-K-70-G) are:

An intercept of 3.0 metres (393.2m to 396.2 m) at 0.239 % eU₃O₈, including 0.6 metres at 0.765% eU₃O₈;
An additional intercept of 1.2 metres (397.5 m to 398.7m) at 1.168 % eU₃O₈ including 0.6 meters at 2.038 % eU₃O₈; and
This hole was drilled into a zone of the deposit with a modeled grade of 0.056% U₃O₈ and thus intersected considerably higher than expected grade in this part of the deposit.

As planned, Drill Hole LE-K-70-G intersected the central portion of the Indicated Resource which comprises Kuriskova's Main Zone North at a depth of about 390 metres. Based on the most recent Kuriskova resource estimate (April 2011), the modeled grade in this part of the Kuriskova deposit was 0.056% U₃O₈. This new drill intersection thus represents a significant improvement over expected grade in this part of the deposit. The April 2011 resource estimate by Tetra Tech comprises an Indicated Resource of 28.5 million pounds U₃O₈ grading 0.555% U₃O₈ contained in 2.3 million tonnes and an additional Inferred Resource of 12.7 million pounds U₃O₈ grading 0.185% U₃O₈ contained in 3.1 million tonnes, at a cut-off of 0.05%U (see news release dated April 26, 2011).

A complete tabulation of significant intersections from this hole is presented in Appendix A which can be viewed from this web link: http://www.tournigan.com/i/pdf/20110823-Appendix-A.pdf. The drill hole location can be viewed from this web link: http://www.tournigan.com/i/pdf/20110823-Appendix-B.pdf.

Uranium grades presented in this news release are reported as equivalent uranium oxide (eU₃O₈ %) based on downhole radiometric logging. The logging was performed by Koral, s.r.o. of Slovakia. Drill core samples are being submitted to the Laboratory of the Geological Survey in Slovakia (SGUDS) and ALS Chemex in Seville, Spain for chemical assay. Drill intercepts are reported as drilled; true thicknesses have not yet been calculated. Quality Control and Quality Assurance is provided by Ravi Sharma, Tournigan's Manager, Resources and Reserves, who is a Qualified Person as defined by NI 43-101 and has reviewed and approved the technical disclosure contained in this news release.

About Tournigan
Tournigan is a uranium exploration and development company that has built a portfolio of highly prospective assets in Slovakia, a member of the European Union since 2004. Slovakia is economically and politically stable, has excellent infrastructure and currently has four nuclear reactors generating half of its electricity with two more under construction. Tournigan is committed to safe and sustainable exploration and mine development in Slovakia. In addition to Kuriskova, Tournigan has several other exploration targets along the Slovakian uranium belt which are showing positive exploration results.

TOURNIGAN ENERGY LTD.

"Dusty Nicol"

Dorian L. (Dusty) Nicol, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact: Knox Henderson, Tournigan Energy Investor Relations, at (604) 683-8320, or visit www.tournigan.com.

Cautionary Statement:

This news release contains forward-looking statements that are based on the Corporation's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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