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Tournigan Seeks to Unlock Shareholder Value by Separating
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Tournigan Gold Corporation (TVC:TSX-V; TGP:Frankfurt) announces it will
seek shareholder approval for the reorganization of its capital
structure and separation of the ownership, management and financing of
its uranium and precious metals assets.

The Company's strategy is to focus primarily on the further development
of its high-grade Kuriskova uranium deposit while ensuring that
shareholders receive maximum value from Tournigan's portfolio of highly
prospective precious metals properties. Cormark Securities Inc. has
been retained as independent financial advisor to assist the Company
with the reorganization process.

The Board of Directors has reviewed management's proposal and, with the
benefit of external financial advisors, is of the view that the
division of assets into separate commodity classes will benefit the
Company and its shareholders. This conclusion is based on the following
considerations:

1. Tournigan's primary focus is the development of its interest in the
high-grade Kuriskova uranium deposit. The formation of a new company to
hold the precious metal deposits and exploration lands will separate
gold and uranium fund-raising and mining strategies.
2. A new publicly traded gold company, under separate management, will
continue to focus on the exploration and development of the advanced
stage Kremnica and Curraghinalt gold deposits and adjoining exploration
lands.

3. The shareholders of Tournigan will have separate ownership interests
in one of the largest undeveloped high-grade uranium deposits in the
world and in a more focused precious metals company with potential near
term production projects and excellent exploration potential.

4. The separation in gold and uranium assets will enable equity
analysts and potential investors to more accurately value the companies
on a stand-alone basis against similar mineral exploration companies
and industry benchmarks, enhancing the likelihood that both companies
will be more appropriately valued in the public markets.

5. The separation of ownership interests is expected to create
additional investment demand by attracting investors who prefer pure
play commodity exposure.


The reorganization will be subject to a favourable tax ruling from the
Canadian Revenue Agency (CRA), regulatory and court approvals, as well
as approval of the transactions by shareholders at an extraordinary
special meeting and subject to the new gold company being accepted for
listing on a stock exchange. The new company will have to comply with
all requirements of the securities commissions involved. It is
anticipated that the extraordinary meeting will be held in October
2007.

Accordingly, there is no assurance that the reorganization will proceed
as planned or at all.

Once shareholder approval is received, the precious metal deposits and
exploration lands will be transferred to a new gold corporation in
exchange for shares. Shareholders of Tournigan will own shares in both
the uranium and gold companies. Once all approvals are received,
shareholders of record will receive a yet to be determined number of
common shares in the new companies. The new entities will be named at a
future date.

Tournigan has built a portfolio of highly prospective uranium and gold
properties in both Europe and North America. The Company intends to
develop its best prospects. Tournigan has focused its efforts in
countries that are economically and politically stable, have good
infrastructure and a well educated population.

On behalf of the Board of Directors of

TOURNIGAN GOLD CORPORATION

"James Walchuck"
James Walchuck, President and CEO

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

Statements in this press release other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, constitute forward-looking
statements. Forward-looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties
inherent in the Company's business, including risks inherent in mineral
exploration and development. As a result, actual results may vary
materially from those described in the forward-looking statements.

Contact Patrick Soares, Vice President, Investor Relations at +1 (604)
683-8320, or visit www.tournigan.com

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Copyright (c) 2007 TOURNIGAN GOLD CORPORATION (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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