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Tournigan Takes Final Steps To Become European Uranium Resources Ltd.

To date, 155 shallow diamond drill holes have been drilled on three prospects within the project area: Klappibacken, Ravinen and Urban Hill. The best drill result is 56 metres at 0.1% U3O8 beginning at a depth of 20 metres. New targets have been identified up to 1 kilometre along strike from the Klappibacken resource and additional targets have been identified for drill testing.

Tournigan intends to continue exploration in the district by drill testing for extensions to the recognized mineralization and by identifying and drill testing new targets. In due course, Tournigan may elect to verify and update the historical resource estimates.

Duobblon Project

The Duobblon project area, with exploration licenses covering 1,524 hectares, is located in northwest Sweden. Uranium mineralization is associated with an acid volcanic (ignimbrite) and sedimentary sequence. On February 29, 2008, Mawson filed on its company profile on a technical report dated February 28, 2008 entitled “Technical Report on the Review of Three uranium Properties in Northern Sweden: Klappibacken, Duobblon and Tassjo” written by Mr. Andrew Browne of GeoSynthesis Pty. Ltd. The author prepared a resource estimate on the Duobblon project on behalf of Mawson. This resource estimate comprises an Inferred Resource of 13.8 million tonnes averaging 0.029% U3O8, containing 8.75 million pounds of U3O8 using a cut-off of 0.01% U3O8. This estimate was based on 55 diamond drill holes totaling 10,300 metres. Tournigan considers this resource estimate to be relevant but Tournigan has not independently verified the estimate. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and Tournigan is not treating the historical estimate as a current mineral resource.

Tournigan intends to conduct further drilling to upgrade confidence in the resource and test possibilities for expansion of the mineralization, together with initial metallurgical test work. After this has been completed, Tournigan may elect to verify and update the historical resource estimate.

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