PRIVATE & CONFIDENTIAL October 1, 2008 Fischer-Watt Gold Company, Inc. 2582 Taft Court Lakewood CO 80215 U.S.A. Attention: James M. Seed, Director Dear Sirs: RE:Tournigan Energy Ltd. • October 7th, 2008 • Gold and silver ores • British Columbia
We provide this letter to confirm the agreement of Tournigan Energy Ltd. ("TVC") and Fischer-Watt Gold Company, Inc. ("FWGO") respecting the acquisition by FWGO from TVC of 100% of the issued and outstanding shares of Tournigan USA Inc. ("TVC USA") on the terms set forth herein (the "Transaction").
