Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt). Tournigan’s Annual and Special Meeting (“AGM”) was held on Thursday, February 29, 2012. The following matters were approved at the AGM as set out in the Management Information Circular dated January 25, 2012, and available at www.sedar.com. 1. The number of Directors was set at eight, and Messrs. Peter Bojtos, Michael Hopley, Dorian (Dusty) Nicol, Rex McLennan, Andreas Mittler, David Montgomery, Ronald Shorr and Philip Williams were elected as Directors for the ensuing year. 2. KPMG LLP were re-appointed as the Company’s auditors for the ensuing year. 3. Renewal of the Company’s Stock Option Plan was approved. 4. Renewal of the shareholders’ rights plan for three years was approved. The shareholders’ rights plan is filed on Tournigan’s profile at www.sedar.com as a Security Holders Document. At the board of directors meeting immediately following the AGM the board appointed Dorian (Dusty) Nicol as the President and Chief Executive Officer, Alva “Al” Kuestermeyer as Executive Vice President and Doris Meyer as Chief Financial Officer and Secretary. Al Kuestermeyer was formerly the Vice President Engineering/Environmental and the board congratulated Al on his promotion. On February 29, 2012, Tournigan issued 53,639,848 pre-consolidation common shares to Mawson Resources Ltd. to complete the acquisition of seven uranium properties: the Hotagen, Duobblon, Kapell and Aronsjö projects in Sweden and the Riutta, Asento and Nuottijärvi projects in Finland. Mawson will distribute the post-consolidation Tournigan shares on a pro rata basis to its shareholders pursuant to a plan of arrangement prior to April 30, 2012. Tournigan has taken the final steps to consolidate its shares on a 5 old for 1 new basis, record date March 1, 2012, change its name to European Uranium Resources Ltd. and at the opening of trading on March 1, 2012 the Company will trade on the TSX Venture Exchange as EUU.
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.