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Tournigan Energy Limited

Publié le 28 mai 2007

Seeks to Unlock Shareholder Value by Separating

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Mots clés associés :   Europe | Precious Metals | Uranium |
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Tournigan Seeks to Unlock Shareholder Value by Separating
======================================================================

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

======================================================================
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
======================================================================
.

Tournigan Energy Limited

EXPLORATEUR
CODE : TVC.V
ISIN : CA8915651035
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Tournigan Energy Ltd. est une société d’exploration minière d'or et d'argent basée au Canada.

Tournigan Energy Ltd. détient divers projets d'exploration en Irlande.

Ses principaux projets en exploration sont NOVOVESKA HUTA et KURISKOVA en Slovaquie et CURRAGHINALT en Irlande.

Tournigan Energy Ltd. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 6,2 millions CA$ (5,0 millions US$, 4,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 4,50 CA$, et son plus bas niveau récent le 28 juin 2022 à 0,03 CA$.

Tournigan Energy Ltd. possède 208 018 000 actions en circulation.

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Rapports annuels de Tournigan Energy Limited
2008 Annual Report
2007 Annual Report
Financements de Tournigan Energy Limited
05/01/2012Closes Private Placement With Areva, And Welcomes Andreas M...
14/07/2010Closes Private Placement
29/06/2010Plans Private Placement
Nominations de Tournigan Energy Limited
30/01/2009Cuts Costs, Opens Denver Office, Appoints CFO, Corporate Sec...
03/11/2008Appoints VP Engineering / Environmental and VP Exploration
08/08/2007Appoints New Chairman
Projets de Tournigan Energy Limited
01/03/2012To Open March 1, 2012 As European Uranium Resources Ltd.
22/02/2012Takes Final Steps To Become European Uranium Resources Ltd.
30/11/2011(Novoveska Huta)Files Technical Report For Novoveska Huta Resource
26/04/2011(Kuriskova)Increases Indicated Resource at Kuriskova by 39% to 28.5 Mil...
07/03/2011(Kuriskova)Continues to Improve Grade in Kuriskova's Main Zone South
03/08/2010(Kuriskova)Metallurgical Testing For Prefeasibility Study Indicates Ura...
24/03/2010(Kuriskova)Increases Indicated Resource, Adds High Grade, at Kuriskova ...
23/11/2009(Kuriskova)Discovers New Zone of High Grade Mineralization at Kuriskova
09/11/2009(Kuriskova)Drills More High Grade Uranium at Kuriskova
03/11/2009(Kuriskova)Initial Metallurgical Testing at Tournigan's Kuriskova Proje...
19/10/2009(Kuriskova)Awards Prefeasibility Study of Kuriskova Uranium Deposit
01/10/2009(Kuriskova)Resumes Drilling at Kuriskova Uranium Deposit
30/09/2009(Curraghinalt)Sells Curraghinalt Gold Project
27/07/2009Files Technical Report
26/06/2009(Kuriskova)Positive Preliminary Assessment for Tournigan's Kuriskova Ur...
08/06/2009(Kremnica Mine)Signs Option Agreement on Kremnica Gold Property
24/02/2009(Kuriskova)Doubles Contained Uranium and Increases Grade of Indicated R...
19/01/2009(Kuriskova)Provides Update on Kuriskova Uranium Deposit in Slovakia
10/09/2008(Kuriskova)Adds Uranium Mineralization at Kuriskova and Novoveska Huta
29/08/2008(Kuriskova)Files Kuriskova Technical Report
16/07/2008(Kuriskova)Upgrades Portion of Kuriskova Resource to Indicated Category...
23/04/2008(Kuriskova) Continues Reporting High Grade Uranium Assays at Kuriskova,...
08/04/2008(Kuriskova)Reports High Grade Chemical Assay Results at Kuriskova
28/02/2008(Curraghinalt)Confirms High-Grade Gold Veins at Curraghinalt with Addition...
21/02/2008(Kuriskova)Kuriskova Infill Drilling Returns More High Grade Uranium
05/12/2007(Curraghinalt) Announces Significant Increase in Curraghinalt Gold Resourc...
Communiqués de Presse de Tournigan Energy Limited
13/03/2012(Kuriskova)European Uranium Files Technical Report For Kuriskova Prelim...
01/03/20122012 Outlook
02/02/2012in Northern Miner
30/01/2012(Kuriskova)Prefeasibility Study Indicates Kuriskova Could be Among Worl...
28/12/2011News Release
07/12/2011Forges Alliance With Areva, Acquires Scandinavian Uranium As...
23/08/2011(Kuriskova)Geotechnical Drilling Hits Uranium Mineralization at Much Hi...
09/08/2011(Kuriskova)s Progress on Prefeasibility Study for Kuriskova
08/04/2011Elects New Board Member
20/07/2010Mobilizes Zone 45 Drill Program
30/04/2010files Voluntary U.S. Deregistration
15/04/2010completes sale of Kremnica to Ortac
14/01/2010Cuts 4.5 Metres of 0.977 Percent eU3O8 at Kuriskova
05/01/2010Sale of Irish Property Brings Year-End Cash Up to $5.6 Milli...
10/12/2009Members of Parliament Did Not Agree with Uranium Mining Ban
02/11/2009Closes $5.5 Million Dalradian Sale
02/03/2009Completes Sale of U.S. Uranium Properties
23/12/2008Finalizes Dalradian Gold Agreement in Northern Ireland
02/10/2008Arranges Sale of Non-Core Assets in Northern Ireland and the...
04/09/2008A Letter to Shareholders from Dorian L. (Dusty) Nicol, Presi...
09/07/2008Information Now Available Through S&P Market Access Program
15/05/2008Provides Clarification
05/05/2008Name Change to Tournigan Energy Ltd. Focus on Kuriskova Uran...
19/03/2008's Uranium Targets Continue to Expand
04/03/2008 Completes Acquisition of US Uranium Interests
08/02/2008Extends Uranium Roll-front in Wyoming
31/01/2008Adopts Shareholder Rights Plan
15/01/2008Hits Uranium in Wyoming
24/10/2007 Announces Exploration Property Resource Changes, Restatemen...
12/10/2007Tournigan U.S. Uranium Acquisition Agreement and Reorganizat...
19/07/2007 Project Updates
29/05/2007Receives Positive Pre-feasibility on Kremnica Gold
28/05/2007Seeks to Unlock Shareholder Value by Separating
07/05/2007Tournigan's Resource at Kuriskova (Jahodna) Almost Triples t...
19/04/20072007 Operational Update - Uranium Properties
29/03/2007Adds Claims in Wyoming
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