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[IIBI]

2004-02-03 10:36 ET - News Release

Mr. Damien Reynolds reports

TOURNIGAN TO SECURE FULL OWNERSHIP OF NORTHERN IRELAND GOLD PROJECTS

Tournigan Gold Corporation has signed a letter of intent to purchase the Curraghinalt and Tyrone gold projects from Strongbow Resources Inc. Prior to this, Tournigan Gold had the option to earn into the projects over a seven-year period. This purchase agreement accelerates the process to provide Tournigan with immediate full ownership.

The Curraghinalt and Tyrone projects consist of 346 square kilometres of exploration licences, which cover numerous gold and base metal occurrences, including the Curraghinalt deposit, historically estimated to contain 468,097 grading 16.96 grams of gold per tonne for a total of 255,000 ounces. The licences are currently under option to Tournigan with staged expenditures of $7-million to earn 60 per cent, delivery of feasibility studies to earn 75 per cent and a NPV buyout option on the remaining 25-per-cent interests.

To secure full ownership, the company will issue five million Tournigan shares to Strongbow upon completion of a definitive agreement and another five million Tournigan shares on the date that Tournigan`s board approves mine construction on the properties. The agreement involves the purchase of Strongbow`s wholly owned subsidiary, Ulster Minerals Limited, which holds both exploration licences on the Curraghinalt and Tyrone projects. Strongbow will be entitled to name one representative for appointment to Tournigan`s board of directors. The 10 million Tournigan shares will be subject to hold periods and may be subject to escrow restrictions.

This transaction will give full ownership of the Curraghinalt deposit to Tournigan and provide greater flexibility as Curraghinalt is advanced expeditiously to production. Tournigan is very pleased to welcome Strongbow as a cornerstone shareholder in the company.

The agreement is subject to regulatory approval and successful due diligence by both companies.

WARNING: The company relies upon litigation protection for "forward-looking" statements

[Imoen]

Bei " Letters of intendent " rollen sich bei mir regelmässig die Zehennägel auf, die gab es als Massenware im Neuen Markt damals.

Aber scheint ja wirklich die Leute vom Hocker zu reissen.

[ds99]

wie lautet die Überschrift ?

NEWS bei TOURNIGAN !!!!!!!!!!!!!!!!!!!


und drüben friert der Kurs ein !




Man glaubt es nicht.........

[Imoen]

Spricht für die Aussagekraft der Meldung.

[Claptoni]