SOURCE: Tournigan Gold Corporation

February 13, 2007 14:44 ET

Tournigan Curraghinalt Acquisition Renegotiation

VANCOUVER, BC -- (MARKET WIRE) -- February 13, 2007 -- Tournigan Gold Corporation (TSX-V: TVC) (FRANKFURT: TGP) is pleased to report it has reached an agreement with Strongbow Exploration Inc. to terminate the Ulster Acquisition Agreement, governing the sale by Strongbow, and the purchase by Tournigan, of all of the outstanding shares of Ulster Minerals Limited. Ulster holds mineral exploration licenses in County Tyrone, Northern Ireland including the Curraghinalt gold deposit. Under the termination agreement, Tournigan will issue 500,000 common shares to Strongbow and the remaining terms and conditions of the Ulster Acquisition Agreement will be eliminated. Tournigan will have no further share or cash payment obligations to Strongbow and can move forward, through its subsidiary, Ulster, with its 100% interest in the Curraghinalt gold deposit. The agreement is subject to the approval of the TSX Venture Exchange.

Tournigan is now completing a 6,300-metre drill program at the Curraghinalt deposit, designed to expand the existing resource strike length.

Corporate Matters

Tournigan announces the grant of 700,000 stock options to employees of the Company. The options have a five-year term and the exercise price will be the closing price of Tournigan stock on February 16, 2007.

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 an educated population.

On behalf of the Board of Directors of

"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 Information

  • Contact:

    Patrick Soares
    Vice President, Investor Relations
    +1 (604) 683-8320

    Tournigan Gold Corporation
    24th Floor, 1111 West Georgia Street
    Vancouver, BC
    Canada V6E 4M3
    Tel: (604) 683 8320
    Fax: (604) 683 8340
    Email: Email Contact