Tournigan Prices Public Offering

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

NEWS RELEASE

December 2, 2010 Symbol: Canada: TSX.V–TVC Frankfurt –TGP

Tournigan Prices Public Offering

Vancouver, B.C. – Tournigan Energy Ltd. – (TVC: TSX-V; TGP: Frankfurt) ("Tournigan" or the "Corporation") – announces today that it has priced the Offering described in the preliminary prospectus filed with the securities regulatory authorities in each of the provinces of British Columbia, Alberta, Manitoba, Saskatchewan and Ontario on November 29, 2010. The Offering will consist of up to $12,000,000 in Units. An amended preliminary prospectus will be filed and the Offering will close after receipt of all required regulatory approvals. Each Unit in the Offering is priced at $0.30 and consists of one common share of the Corporation and one-half of one common share purchase warrant. Each whole warrant (a "Warrant") will entitle the holder to purchase one common share of the Corporation at an exercise price of $0.40 for a period of two years following the closing of the Offering.

Salman Partners Inc. has been engaged as the agent in respect of the Offering. The Offering is subject to certain conditions, including regulatory and TSX Venture Exchange approval. The Corporation expects that the Offering will be fully subscribed and has therefore agreed with Salman Partners Inc. to remove the Over-Allotment option.

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

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

• 2 -

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.