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Re: News Release - Monday, May 05, 2008
Name Change to Tournigan Energy Ltd. Focus on Kuriskova Uranium
Deposit in Slovakia
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Vancouver, May 5, 2008 - Tournigan Gold Corporation (TVC:TSX-V; TGP:
Frankfurt) announced today the company has changed its name to
Tournigan Energy Ltd. The company will retain the trading symbol TVC on
the TSX Venture Exchange. On Tuesday, May 6, 2008, the company's shares
will commence trading under the new name. Tournigan Energy is focused
on the development of the Kuriskova uranium deposit in Slovakia and is
currently re-evaluating its options with regards to its other assets.

"Our new name reflects the future direction of Tournigan, which is to
focus our attention, capital and human resources on our uranium assets,
particularly on advancing our flagship Kuriskova deposit in eastern
Slovakia," said Tournigan president and CEO James Walchuck.

Given current market conditions, Tournigan is re-evaluating its
previously proposed reorganization strategy (see news release dated May
28, 2007). The company, with advice from its independent financial
advisor, Cormark Securities Inc., is evaluating other corporate
alternatives to maximize shareholder value. Tournigan's chief
operating officer, Michael Mracek, is evaluating all of the company's
gold and US uranium assets to recommend alternatives to enhance
shareholder value.

The Kuriskova deposit currently has a NI 43-101 resource of 36.3
million pounds of uranium grading 0.323% U3O8 contained in 5.1 million
tonnes (cutoff grade 0.035%).

Tournigan's exploration and development milestones at Kuriskova are
summarized below. These milestones represent management's best estimate
under present conditions. While Tournigan will make every effort to
meet or exceed these timelines, investors are cautioned that some
technical or social licence issues may extend or reduce the timelines
listed below

.. Complete 2008 infill drilling (2000 metres drilled, more than 8,000
metres planned) by the fourth quarter of 2008 (Q4-08)

.. Release assay results of 2008 drilling starting in July 2008

.. Begin baseline environmental work in Q2-08

.. Release in Q3-08 a new NI 43-101 resource estimate that includes
2007 drilling with the expectation to move a portion of the resource
to the measured and indicated categories

.. Release a preliminary assessment (scoping study) in Q4-08

.. Start metallurgical test work in Q3-08 to be completed Q3-09

.. Release a new resource estimate including 2008 drilling to be
completed Q1-09 with the expectation to move the majority of the
resource to the measured and indicated categories

.. Start a pre-feasibility study Q1-09 to be completed by Q4-09

.. Begin a feasibility study in Q4-09 to be completed by Q4-10

.. Complete an environmental social impact assessment (ESIA) by early
2011

.. Begin the permitting process in 2011

Tournigan, through its wholly owned Slovak subsidiary, Ludovika Holding
s.r.o, continues its ongoing stakeholder and community engagement
program in Slovakia. The company is committed to a transparent dialogue
and providing important information on the social, economic and
environmental benefits of the Kuriskova project.

About Tournigan Energy Ltd.

Tournigan is a uranium and gold exploration and development company
that has built a portfolio of highly prospective assets in Slovakia and
other jurisdictions. The company has focused its development and
obtained licences in Slovakia, a member of the European Union since
2004 that is economically and politically stable, has excellent
infrastructure and an educated population. Tournigan 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.

"James Walchuck"

James Walchuck, President and CEO

Forward-looking statements: Certain of the statements made herein,
including any information as to the Corporation'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
Corporation 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 Investor Relations, at (604) 637-3563, or
visit www.tournigan.com .

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Copyright (c) 2008 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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