Tournigan Closes Private Placement

NEWS RELEASE July 14, 2010

Symbol: Canada TSX.V – TVC Frankfurt – TGP

TOURNIGAN CLOSES PRIVATE PLACEMENT

Vancouver, July 14, 2010—Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") of 30,000,000 units ("Units"), at a subscription price of $0.10 per Unit, for gross proceeds of $3,000,000. Each Unit is comprised of one common share (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share of the Company up to and including July 14, 2012 at an exercise price of $0.20. The company paid $102,900 and issued 1,029,000 Warrants as finders’ fees in connection with the Private Placement.

The securities are subject to a hold period expiring on November 15, 2010 in accordance with the policies of the TSX Venture Exchange and applicable Canadian securities laws.

Tournigan will use the net proceeds of the Private Placement to advance its high-grade Kuriskova uranium project in Slovakia and for general working capital purposes.

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.

Unit 1 - 15782 Marine Drive, White Rock, BC Canada V4B 1E6 Tel: (604) 683 8320 Fax: (604) 683 8340 Email: [email protected]