FSC / Press Release

Tournigan Closes 40,000,000 Unit Offering

Not for distribution to United States newswire services or for dissemination in the United States.

Vancouver, British Columbia CANADA, December 30, 2010 /FSC/ - Tournigan Energy Ltd. (TVC - TSX Venture, TGP - FWB), announced today that it has completed its previously announced public offering of 40,000,000 units (the "Units") at a price of $0.30 per Unit to raise gross proceeds of $12,000,000 pursuant to a short form prospectus dated December 22, 2010 (the "Offering"). Each Unit consists of one common share of the Corporation and one-half of one common share purchase warrant. Each whole common share purchase warrant (a "Warrant") entitles the holder to purchase one common share of the Corporation for a period of two years from the closing date at a price of $0.40 per common share.

Salman Partners Inc. (the "Agent"), acted as agent in connection with the Offering and received a commission equal to 6.0% of the gross proceeds of the Offering. As additional consideration for their services, the Agent was issued 2,400,000 agent's warrants (each an "Agent Warrant"). Each Agent Warrant entitles the holder thereof to acquire one common share of the Corporation for a period of two years from the closing date at a price of $0.40 per common share.

The Corporation intends to use the net proceeds from the Offering for the advancement of the Kuriskova project and for general working capital.

The Units, common shares and Warrants offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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

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

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.

Source: Tournigan Energy Ltd. (TSX-V: TVC) http://www.tournigan.com
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