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AGORACOM News Flash

AGORACOM Client Feature

PP: TSX-V

Company is planning a late summer exploration program on its claim block which totals 795,824 hectares. The Amazonas Potash Basin is similar in size, scale and geology to Saskatchewan’s potash evaporate deposit, which is the largest and most prolific potash reserve in the world.

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Investment Highlights - Brazil

Amazonas Potash Basin

  • The Brazilian Government plans to reduce Brazil’s reliance on potash imports from 91% to 60% over the next 5 years
  • Soils in Brazil are deficient in potassium and require potash to remain productive
  • The Amazonas potash basin is similar in geology and dimension to the Saskatchewan potash basin in Canada

·Two deposits owned by Petrobras—Arari and Fazendinha—are located 20 and 40 km west of the property being optioned by Pacific Potash. These two deposits have reported historic resources as follows*:

Fazendinha – 520 Mt @ 28.8% KCl
Arari – 659 Mt @ 17.7% KCl

 

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Message: Tournigan's Sale of Irish Property Brings Year-End Cash Up to $5.6 Million

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Tournigan's Sale of Irish Property Brings Year-End Cash Up to $5.6 Million

posted on Jan 22, 10 11:25AM

Vancouver, January 5, 2010 - Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) reports that S.A. Resources Ltd. ("SA") has completed payment to the company for the September 2009 purchase of Dalradian Gold Ltd., the Northern Ireland company that holds the Curraghinalt gold licences. Tournigan's cash position at December 31, 2009 was approximately C$5.6 million.

SA acquired Dalradian from Tournigan for consideration of C$5.5 million paid as to C$2.5 million on November 2, 2009 and the balance of C$3 million on December 22, 2009.

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 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

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