Tournigan Adds 3.75 Million Pounds of Measured and Indicated U3O8 and 12.74 Million Pounds of Inferred U3O8 to Mineral Inventory

Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) (Pink Sheets: TVCFF)
announces a resource estimate for its Novoveska Huta uranium project in
Slovakia. This is the first NI 43-101 compliant resource estimate that
has been prepared for this deposit; the estimate has been reviewed,
audited and approved by Tetra Tech, Inc. The results of the resource
estimate at a cutoff grade of 0.06% U are:

• 
  3.75 million pounds of U₃O₈ in Measured and
  Indicated Resources of 1.662 million tonnes grading 0.102% U₃O₈;
  and an additional
  
• 
  12.738 million pounds of U₃O₈ in Inferred
  Resources of 4.689 million tonnes grading 0.123% U₃O₈.
  

This resource adds to Tournigan′s 43-101 compliant uranium inventory.
The Novoveska Huta uranium deposit is located near the town of Spisska
Nova Ves, about 50 kilometres northwest of Tournigan′s high-grade
Kuriskova uranium deposit. At Kuriskova, the most recent resource
estimate (see news release dated April 26, 2011) comprises an Indicated
Resource of 28.5 million pounds U₃O₈ at a grade of
0.555% U₃O₈ contained in 2.3 million tonnes and an
additional Inferred Resource of 12.7 million pounds U₃O₈ at
a grade of 0.185% U₃O₈ contained in 3.1 million
tonnes, both estimates at a cutoff of 0.05% U. The Kuriskova
Prefeasibility Study, being prepared by Tetra Tech, Inc. continues to
progress on schedule, with completion expected by early in 2012.

'We are excited to add these pounds of uranium to our 43-101 compliant
resource inventory so close to Tournigan′s flagship Kuriskova project,?
said Dorian L. (Dusty) Nicol, Tournigan′s President and CEO. 'We look
forward to growing and advancing both properties.?

Tournigan′s objective at Novoveska Huta was to verify historic data,
which was collected during Slovakia′s communist period, and to find
additional resources. The western part of the deposit (currently
comprising the Measured and Indicated Resource) was known before
Tournigan acquired the property, but the data base had not been verified
and underground sampling data had not been evaluated. Tournigan′s work
in the western part of the deposit verified the historical data. In
addition, Tournigan included underground channel sample data in the new
resource estimate. Tournigan′s exploration drilling in the eastern part
of the deposit confirmed the extension of mineralization to the east and
increased the exploration potential of the deposit. The eastern block is
at a higher grade than the western block and remains open to the east
and north.

In addition to historical drilling and underground sampling data that
could be verified, the Novoveska Huta resource estimate incorporates 17
diamond drill holes totaling 8,897 metres drilled by Tournigan between
2006 and 2011. These holes comprise 7 twin holes drilled to verify
historical drill holes, 2 twin holes drilled to verify data from the
historic shaft, 2 exploration holes drilled into the western block and 6
step-out holes (of which 5 were completed) that were drilled to explore
and extend the deposit to the east.

Historical data at Novoveska Huta were compiled during Slovakia′s
communist period. They comprise 106 surface drill holes (of which 38
were used in this resource estimate), 371 underground holes and 5.5 Km
of underground development from which were taken 2,081 radiometric
channel samples. Only data which could be verified and had backup of
hardcopy stamped original documents were used in the resource
estimation. Data verification was reviewed by Tetra Tech, Inc. The data
base comprises eU % (gamma) for historic holes and U % (chemical assay)
for Tournigan holes. Tournigan carried out closed-can analysis at Energy
Lab, USA, to confirm that there are no disequilibrium issues between
radiometric gamma and chemical assays.

The following table summarizes the Novoveska Huta resource estimate:

*The resource estimate includes radiometric gamma for historic holes and
underground development data and chemical assays for Tournigan drilling.
Molybdenum resource numbers represent molybdenum associated with uranium
resource blocks above a 0.06% U cutoff.

**All of the molybdenum resource is classified as Inferred because of
the absence of molybdenum assays in historical data. For this same
reason, not every uranium block in the resource is included in the
molybdenum resource and therefore uranium and molybdenum resource
tonnages do not correspond.

A graphic showing the drill holes, underground workings and outline of
resource zones can be found in the Appendix to this news release or can
be viewed from this web link: ?http://www.tournigan.com/i/pdf/2011-10-17_NRM.pdf.

The estimate was prepared by Ravi Sharma, Tournigan's Manager of
Resources and Reserves, and has been reviewed, audited and approved by
Tetra Tech, Inc. Tetra Tech, Inc. is preparing an independent NI 43-101
compliant Technical Report which will be filed on SEDAR within 45 days
of the date of this news release. Dr. Rex Bryan is Tetra Tech's
Qualified Person (QP) for this report and is an independent Qualified
Person as defined by NI 43-101. This estimate is prepared in accordance
to National Instrument 43-101 and classified as Measured, Indicated and
Inferred according to the 'CIM Standards on Mineral Resources and
Reserves?.

A historical (not NI 43-101 compliant) P & Z3 (Slovak resource
classifications, roughly analogous to Inferred) resource estimate
prepared by former operator Uranpres (Jozef Daniel) in 2005 reported
19,970,000 pounds of uranium contained in 12 million tonnes at an
average grade of 0.075% U₃0₈ (cutoff grade 0.015% U₃0₈)
at Novoveska Huta (see Tournigan news release dated September 10, 2008).

Drill core samples from 17 drill holes drilled by Tournigan were
analyzed by ALS Vancouver, SGS Lakefield and the SGUDS Laboratory in
Slovakia for chemical assay between 2006 and 2011. The assays were
conducted under Tournigan's strict Quality Assurance/Quality Control
protocols. Interpretation and outlining of mineralization was conducted
section-by-section by incorporating geological, structural and assay
information. The 3D wireframe solids were created using Datamine studio
software. Block models within these mineralized 3D wireframe solids were
interpolated using ordinary kriging. The estimate was reviewed by Tetra
Tech, Inc. Interpolation and NI 43-101 compliant resource classification
parameters were reviewed by Tetra Tech, Inc.

Ravi Sharma, MAusIMM, Tournigan's manager of resources and reserves, and
a Qualified Person as defined by NI 43-101 (a 'QP?), has reviewed and
approved the technical disclosure contained in this news release. Dr.
Rex Bryan of Tetra Tech, a QP, has reviewed and approved the technical
disclosure contained in this news release.

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 Novoveska Huta,
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: Doris Meyer, at (604) 536-2711,
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.

Cautionary Statement:

This news release contains forward-looking statements that are based on
the Corporation's current expectations and estimates. Forward-looking
statements are frequently characterized by words such as 'plan',
'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate',
'suggest', 'indicate' and other similar words or statements that certain
events or conditions 'may' or 'will' occur. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in
such forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans to continue
to be refined; possible variations in ore grade or recovery rates;
accidents, labour disputes and other risks of the mining industry;
delays in obtaining governmental approvals or financing; and
fluctuations in metal prices. There may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. Any forward-looking statement speaks only as of the date on
which it is made and, except as may be required by applicable securities
laws, the Corporation disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are
not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty
therein.

Notice to US investors:

This press release uses the terms 'indicated resources' and 'inferred
resources', which are calculated in accordance with the Canadian
National Instrument 43-101 and the Canadian Institute of Mining and
Metallurgy Classification system. We advise investors that while those
terms are recognized and required by Canadian regulations, the U.S.
Securities and Exchange Commission does not recognize them. U.S.
investors are cautioned not to assume that any part or all of mineral
deposits in these categories will ever be converted into reserves. In
addition, 'Inferred resources' have a great amount of uncertainty as to
their existence, and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an Inferred
Mineral Resource will ever be upgraded to a higher category. Under
Canadian rules, estimates of Inferred Mineral Resources may not form the
basis of feasibility or pre-feasibility studies, except in certain
exceptional cases. U.S. investors are cautioned not to assume that part
or all of an inferred resource exists, or is economically or legally
minable.

Tournigan Energy Ltd.

Doris Meyer, 604-536-2711