Document:

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                                                                     Exhibit 4c2

                            SHARE PURCHASE AGREEMENT

                                  made between

                              ARGOSY MINERALS INC.

                               ARGOSY MINING CORP.

                                       and

                           TOURNIGAN GOLD CORPORATION

                                  July 9, 2003

                            Fasken Martineau DuMoulin

                             Barristers & Solictors

                         2100 - 1075 West Georgia Street

                                 Vancouver, B.C.

                                     V6E 3G2

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                                TABLE OF CONTENTS

ARTICLE 1        INTERPRETATION................................................2

           1.1   Defined Terms.................................................2

           1.2   Schedules.....................................................3

           1.3   Interpretation................................................4

ARTICLE 2        PURCHASE AND SALE.............................................5

           2.1   Shares........................................................5

           2.2   Purchase Price................................................5

           2.3   Purchase Price Allocation.....................................5

           2.4   Operating Cost Adjustment.....................................6

           2.5   AMI Consent...................................................6

ARTICLE 3        REPRESENTATIONS AND WARRANTIES OF THE VENDORS.................6

           3.1   Representations and Warranties................................6

ARTICLE 4        REPRESENTATIONS AND WARRANTIES OF THE PURCHASER...............9

           4.1   Representations and Warranties................................9

ARTICLE 5        CLOSING......................................................10

           5.1   Closing Date and Location....................................10

           5.2   Application for Exchange Approval............................10

           5.3   Vendors' Closing Documents...................................10

           5.4   Purchaser's Closing Documents................................11

ARTICLE 6        CONDITIONS PRECEDENT TO THE PERFORMANCE BY THE

                 PURCHASER OF ITS OBLIGATIONS UNDER THIS AGREEMENT............11

           6.1   Purchaser's Conditions.......................................11

           6.2   Waiver.......................................................13

           6.3   Covenant of the Vendors......................................13

ARTICLE 7        CONDITIONS PRECEDENT TO THE PERFORMANCE BY THE

                 VENDORS OF THEIR OBLIGATIONS UNDER THIS AGREEMENT............13

           7.1   Vendors' Conditions..........................................13

           7.2   Waiver.......................................................14

ARTICLE 8        CONDUCT OF BUSINESS PRIOR TO CLOSING.........................14

           8.1   Conduct......................................................14

ARTICLE 9        EXAMINATIONS AND WAIVERS.....................................15

           9.1   Access for Investigation.....................................15

           9.2   Disclosure of Information....................................15

ARTICLE 10       EXCLUSIVE AREA OF INTEREST...................................16

ARTICLE 11       GENERAL......................................................16

           11.1  Public Notices...............................................16

           11.2  Expenses.....................................................16

           11.3  Time.........................................................16

           11.4  Notices......................................................16

           11.5  Governing Law................................................17

           11.6  Severability.................................................17

           11.7  Entire Agreement.............................................18

           11.8  Further Assurances...........................................18

           11.9  Enurement....................................................18

           11.10 Counterparts.................................................18

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                            SHARE PURCHASE AGREEMENT

THIS AGREEMENT is made as of July 9, 2003

BETWEEN:

               ARGOSY MINERALS INC., a body corporate duly

               incorporated in the Yukon Territory ("AMI"), and

               ARGOSY MINING CORP. a body corporate duly

               incorporated in the Yukon Territory ("AMC"), each

               having an office at 20607 Logan Avenue, Langley,

               B.C., V3A 7R3

               (together, "the Vendors")

AND:

               TOURNIGAN GOLD CORPORATION, a company

               incorpo-rated under the laws of the Yukon

               Territory, having a place of business at Suite 520

               - 800 West Pender Street, Vancouver, B.C.

               (the "Purchaser")

WHEREAS:

A. AMI holds all of the issued and outstanding shares in the capital of AMC

B. AMC is the legal and beneficial owner of all of the issued and outstanding

shares in the capital of the Slovak joint stock company, Kremnica Gold, a.s (the

"Company");

C. The Company is the holder of certain mineral properties in the area of

Kremnica in the Slovak Republic;

D. The Purchaser and AMI entered into a letter agreement dated March 11, 2003,

whereby the Purchaser offered to acquire the Company shares, subject to all

necessary regulatory approvals and completion of satisfactory due diligence, and

paid to AMI the sum of $25,000 to secure the exclusive right to conduct such due

diligence; and

E. The Purchaser has completed the due diligence process to its satisfaction and

gave notice thereof to AMI on May 28, 2003, in accordance with such letter

agreement;

     NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of one dollar

and the mutual agreements and covenants herein contained (the receipt and

adequacy of such consideration being hereby acknowledged by each party), the

parties covenant and agree as follows:

                                   ARTICLE 1

                                 INTERPRETATION

1.1  Defined Terms

     As used in this Agreement, the following terms have the following meanings:

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(a)  "Affiliate" has the meaning ascribed to that term under the Yukon Business

     Corporations Act as of the date of this Agreement;

(b)  "Assets" means the Machinery and Equipment, the real property described in

     Schedule D, the mineral rights described in Schedule E, the Permit and the

     Data;

(c)  "Balance Sheet" means the Company's balance sheet comprised in the

     Financial Statements;

(d)  "Bookkeeping Report" means the Company's bookkeeping report dated June 30,

     2003 prepared by Eva Krajcikova, a copy of which is contained in Schedule

     A;

(e)  "Closing" means the completion of the purchase and sale of the Shares

     pursuant to this Agreement;

(f)  "Closing Date" means July 11, 2003 or such other date as may be agreed in

     writing by the parties;

(g)  "Company" means the Slovak joint stock company, Kremnica GOLD, a.s., having

     its registered seat at Horna 51, 974 01 Banska Bystrica, Identification

     No.: 36 019 798, registered with the Company Register of the District Court

     in Banska Bystrica, file: Sa, inlet No.: 415/S;

(h)  "Current Operations" means the Company's operations in relation to its

     Mineral Properties as of the date of the Purchase Notice;

(i)  "Data" means the maps, data, reports, samples, assay and other test results

     and other information in the possession or under the control of the Company

     or either of the Vendors and relating to the mineral exploration or mining

     operations of the Company or of any previous owner of the Company's mineral

     rights;

(j)  "Encumbrances" means any lien, claim, charge, pledge, hypothecation,

     security interest, mortgage, title retention agreement, option, royalty or

     encumbrance of any nature or kind whatsoever;

(k)  "Exchange" means the TSX Venture Exchange;

(l)  "Financial Statements" means the audited financial statements of the

     Company for the fiscal year of the Company ended December 31, 2002

     consisting of a balance sheet, statement of retained earnings, an income

     statement and a statement of changes in financial position of the Company

     including the notes to such financial statements;

(m)  "Key Employees" means those individuals employed by the Company and listed

     in Schedule B;

(n)  "Letter Agreement" means the letter agreement referred to in Recital D of

     this Agreement;

(o)  "Machinery and Equipment" means the machinery, equipment and other personal

     property listed in Schedule C;

(p)  "Permit" means the permit listed in Schedule G;

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(q)  "Person" includes an individual, corporation, body corporate, partnership,

     joint venture, association, trust or unincorporated organization or any

     trustee, executor, administrator or other legal representative thereof;

(r)  "Purchase Notice" means the notice dated May 28, 2003 described in recital

     E of this Agreement;

(s)  "Purchase Price" means $500,000;

(t)  "Purchaser's Solicitors" means the law firm of Fasken Martineau DuMoulin

     LLP;

(u)  "Shares" means all of the outstanding shares in the share capital of the

     Company;

(v)  "Shareholder Loans" means amount due or accruing due to AMC or AMI or any

     of their respective Affiliates, or any director or officer of any of them;

(w)  "Time of Closing" means the time on the Closing Date that the Closing

     occurs;

(x)  "Vendors' Solicitors" means the law firm of Lawson Lundell;

1.2  Schedules

     The following are the schedules to this Agreement:

         Schedule A        Bookkeeping Report June 2003

         Schedule B        Employees

         Schedule C        Machinery and Equipment

         Schedule D        Real Property

         Schedule E        Mineral Rights

         Schedule F        Encumbrances

         Schedule G        Permit

1.3  Interpretation

     For the purposes of this Agreement, except as otherwise expressly provided

herein:

(a)  "this Agreement" means this Agreement, including the schedules hereto, as

     it may from time to time be supplemented or amended;

(b)  any reference in this Agreement to a designated article, section,

     subsection, paragraph or other subdivision, or to a schedule, is to the

     designated article, section, subsection, paragraph or other subdivision of

     or schedule to this Agreement unless otherwise specifically stated;

(c)  the words "herein", "hereof" and "hereunder" and other words of similar

     import refer to this Agreement as a whole and not to any particular

     article, clause, subclause or other subdivision or schedule;

(d)  the singular of any term includes the plural and vice versa and the use of

     any term is equally applicable to any gender and where applicable to a body

     corporate;

(e)  the word "or" is not exclusive and the word "including" is not limiting

     (whether or not non-limiting language such as "without limitation" or "but

     not limited to" or other words of similar import are used with reference

     thereto);

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(f)  all accounting terms not otherwise defined in this Agreement have the

     meanings assigned to them in accordance with generally accepted accounting

     principles applicable in Canada;

(g)  except as otherwise provided, any reference to a statute includes the

     regulations made pursuant thereto with all amendments made to such statute

     and regulations and in force from time to time, and to any statute or

     regulations that may be passed which have the effect of supplementing or

     superseding such statute or such regulations;

(h)  the phrase "to the best of the knowledge of" or phrases of similar import

     used in this Agreement mean that the Person in respect of whom the phrase

     is used has made such enquiries as would be reasonably necessary to enable

     a Person to make the statement or disclosure;

(i)  the headings to the articles and clauses of this Agreement are inserted for

     convenience only and do not form a part of this Agreement and are not

     intended to interpret, define or limit the scope, extent or intent of this

     Agreement or any provision hereof;

(j)  any reference to a corporate entity includes and is also a reference to any

     corporate entity that is a successor to such entity;

(k)  the parties acknowledge that this Agreement is the product of arm's length

     negotiation between the Vendors and the Purchaser, each having obtained

     their or its own independent legal advice, and that this Agreement will be

     construed neither strictly for nor strictly against any party irrespective

     of which party was responsible for drafting this Agreement;

(l)  the representations, warranties, covenants and agreements contained in this

     Agreement will not merge at the Closing and will continue in full force and

     effect from and after the Closing Date;

(m)  each and every covenant, representation or warranty of the Vendors

     contained herein will be a joint and several covenant, representation or

     warranty of AMI and AMC; and

(n)  unless otherwise specifically noted, all references to money in this

     Agreement are to lawful currency of Canada.

                                   ARTICLE 2

                                PURCHASE AND SALE

2.1  Shares

     The Purchaser agrees to purchase the Shares from AMC and AMC agrees to sell

the Shares to the Purchaser, free and clear of all Encumbrances and the

Purchaser agrees to pay the Purchase Price by bank draft or certified cheque on

the terms and conditions hereinafter set forth.

2.2  Purchase Price

     The Vendors, in consideration of the Purchase Price, agree to assign,

transfer and set over unto the Purchaser, the Shareholder Loans as at the

Closing Date, provided that such Shareholder Loans are not less than the amount

of the Shareholder Loans described in the Bookkeeping Report.

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2.3  Purchase Price Allocation

     The Purchase Price will be allocated amongst the Shares and the Shareholder

Loans owned by AMC on the following basis:

                  Shares:                   $448,100

                  Shareholder Loans         $ 51,900

                  TOTAL                     $500,000

2.4  Operating Cost Adjustment

     The Purchaser will, by certified cheque or bank draft, reimburse the

Vendors at Closing for $3.000, being that proportion of the July operating costs

of the Company advanced by the Vendors to the Company which represents the

number of days in July after the Closing Date as compared with the number of

days in July to and including the Closing Date.

2.5  AMI Consent

     AMI agrees with the sale of the Shares from AMC to the Purchaser and

undertakes to provide AMC with all approvals, assistance and co-operation

required with respect to the sale of the Shares and transactions contemplated by

this Agreement.

                                   ARTICLE 3

                  REPRESENTATIONS AND WARRANTIES OF THE VENDORS

3.1  Representations and Warranties

     Each of the Vendors jointly and severally represents and warrants to the

Purchaser as follows:

(a)  Organization and Good Standing of Vendors. Each of the Vendors is a company

     duly incorporated, validly existing and in good standing with respect to

     the filing of annual reports under the Yukon Business Corporations Act.

(b)  Transaction Authority. AMC has all necessary corporate power, authority and

     capacity to sell the Shares and to perform its other obligations hereunder.

     AMI has all necessary corporate power authority and capacity to perform its

     obligations hereunder. The execution and delivery of this Agreement has

     been duly authorized by all necessary corporate action on the part of each

     of the Vendors and this Agreement has been duly executed and delivered by

     each of them and constitutes a valid and binding obligation of each of

     them.

(c)  No Exchange Approval Needed. Neither of the Vendors is required to obtain

     any approval or acceptance by the Exchange or any other stock exchange in

     relation to the transaction contemplated herein.

(d)  No Violation of Other Agreements. Neither of the Vendors is a party to,

     bound by or subject to any indenture, mortgage, lease, agreement,

     instrument, statute, regulation, order, judgment, decree or law which would

     be violated, contravened or breached by, or under which any default would

     occur as a result of, the execution and delivery by the Vendors of this

     Agreement or their performance of any of the terms hereof.

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(e)  Title to Shares. AMC owns and has good and marketable registered title to

     all of the Shares, free of all Encumbrances, and the Shares have been duly

     and validly issued to AMC and are outstanding as fully paid and

     non-assessable shares in the capital of the Company.

(f)  Residency of AMC. AMC is not a "non-resident" of Canada within the meaning

     of s. 116 of the Income Tax Act of Canada.

(g)  Absence of Options. No Person has any agreement, right or option, present

     or future, contingent, absolute or capable of becoming an agreement, right

     or option or which with the passage of time or the occurrence of any event

     could become an agreement, right or option:

     (i)  to require the Company to issue any further or other shares in its

          capital or any other security convertible or exchangeable into shares

          in its capital or to convert or exchange any securities into or for

          shares in its capital;

     (ii) to require the Company to purchase, redeem or otherwise acquire any of

          its Shares; or

     (iii) to acquire the Shares or any of them.

(h)  Financial Statements. The Financial Statements and the Bookkeeping Report

     present fairly the financial position of the Company as at the respective

     date thereof and the results of the Company's operations and the changes in

     the Company's financial position for the period then ending.

(i)  Absence of Undisclosed Liabilities. Except to the extent reflected or

     reserved against in the Financial Statements or the Bookkeeping Report, or

     incurred subsequent to June 30, 2003 in the ordinary and usual course of

     the business of the Company or otherwise and not in excess of $10,000 in

     the aggregate (excluding any Shareholder Loans and any employee severance

     obligations), the Company does not have any outstanding indebtedness or any

     liabilities or obligations (whether accrued, absolute, contingent or

     otherwise) including any debt, liability or other obligation to either of

     the Vendors or to any of their respective Affiliates, directors, officers

     or employees, or to any director, officer or employee of the Company.

(j)  Absence of Changes. Since the date of the Balance Sheet, except as shown on

     the Bookkeeping Report there has not been:

     (i)  any material adverse change in the condition or operations of the

          business, in the Assets or in the financial affairs of the Company; or

     (ii) any damage, destruction or loss, labour trouble or other event,

          development or condition, of any character (whether or not covered by

          insurance) which is not generally known or which has not been

          disclosed to the Purchaser, which has or may have a material adverse

          effect on the business, Assets, financial affairs or future prospects

          of the Company.

(k)  Equipment. Substantially all of the office equipment, furniture and

     computer equipment (including software) of the Company as inspected by the

     Purchaser on April 28, 2003 will be included in the assets of and will be

     in the possession of the Company at Closing.

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(l)  Title to Assets. The Company has good and marketable title to all of its

     Assets, free and clear of all Encumbrances except as shown in Schedule F

     and none of the Company's Assets are in the possession of or under the

     control of any other Person.

(m)  Permits. To the best of the Vendors' knowledge, the Permit is in good

     standing, unamended except as disclosed to the Purchaser, and the Vendors

     are not aware of any existing breach of the Permit by the Company or any

     act or omission which, after notice or lapse of time, might constitute such

     a breach.

(n)  Employees. Schedule B contains a complete and accurate list of the names

     and job titles of all individuals who are full-time, part-time or casual

     employees or individuals engaged on contract to provide employment or

     similar services or who are sales or other agents or representatives of the

     Company. Neither of the Vendors is aware of any intention of any Key

     Employee to terminate his or her employment with the Company.

(o)  Litigation. To the best of the Vendors' knowledge, there is no action,

     suit, litigation, arbitration proceeding, governmental proceeding,

     investigation or claim, including appeals and applications for review, in

     progress, threatened or pending against, or relating to the Company or

     affecting its Assets, the Current Operations or its business, and there is

     no judgment, decree, injunction, rule or order of any court, governmental

     department, commission, agency, instrumentality or arbitrator outstanding

     against the Company.

(p)  Corporate Records. The Vendors, as shareholders of the Company, have not

     approved or taken any other action with respect to the Company since

     December 31, 2002 which would constitute a declaration of dividend,

     fundamental change or other determination solely within the jurisdiction of

     the shareholders, other than with respect to the issuance of additional

     shares upon the capitalization of outstanding Shareholder Loans.

(q)  Trade-marks. The Company does not have and does not use any service marks,

     trade names, design marks or trade marks.

(r)  Indebtedness to Vendors. Except as reflected in the Financial Statements

     and the Bookkeeping Report, the Company is not indebted to the Vendors,

     other than in respect of amounts advanced for monthly operating expenses in

     the ordinary course.

(s)  Environmental Matters. Neither the Company nor either of the Vendors has

     received notice alleging a violation of environmental laws relating the

     Company's activities or its properties, none of them is aware of any such

     violation having occurred other than as disclosed to the Purchaser, and to

     the best of their knowledge the Vendors have made available to the

     Purchaser all environmental audits, evaluations, assessments, reports,

     studies or tests relating to the Company and its business and Assets that

     were commissioned by or are in the possession of either of them.

(t)  Shareholder Loans. AMC does not, nor does AMI or any of the Affiliates,

     directors, officers or employees of either of them, have any debt or other

     liability owing to the Company nor are there any debts or other liabilities

     of the Company to any such persons, other than amounts owed to or

     receivable from employees which are not in excess of $5,000 in the

     aggregate, and the Shareholder Loans disclosed in the Financial Statements

     and the Bookkeeping Report, and AMC:

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     (i)  has actually advanced to the Company the aggregate amount of such

          Shareholder Loans;

     (ii) is lawfully entitled to be repaid, on demand and without interest, the

          full amount of such Shareholder Loans, to the extent that the Company

          has the ability to repay such loans, and holds its interest therein

          free of all Encumbrances;

     (iii) has not assigned any of such Shareholder Loans or any right, title or

          interest therein to any other Person;

     (iv) has not made any demand for repayment of the whole or any portion of

          such Shareholder Loans; and

     (v)  confirms that it has not forgiven, settled or waived any right of

          repayment in respect of the whole or any portion of such Shareholder

          Loans other than Shareholder Loans that were previously re-capitalized

          as equity by the Company as reflected in the Bookkeeping Report.

                                   ARTICLE 4

                 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

4.1  Representations and Warranties

     In order to induce the Vendors to enter into and to consummate the

transactions contemplated by this Agreement the Purchaser represents and

warrants to the Vendors that:

(a)  Organization and Good Standing. The Purchaser is a company duly

     incorporated, validly existing and in good standing with respect to the

     filing of annual reports under the Yukon Business Corporations Act.

(b)  Transaction Authority. The Purchaser has all necessary corporate power,

     authority and capacity to acquire the Shares and to perform its obligations

     hereunder. The execution and delivery of this Agreement has been duly

     authorized by all necessary corporate action on the part of the Purchaser

     and this Agreement has been duly executed and delivered by the Purchaser

     and, subject to Exchange approval, constitutes a valid and binding

     obligation of the Purchaser.

(c)  No Violation of Other Agreements. The Purchaser is not a party to, bound by

     or subject to any indenture, mortgage, lease, agreement, instrument,

     statute, regulation, order, judgment, decree or law which would be

     violated, contravened or breached by, or under which any default would

     occur as a result of, the execution and delivery by the Purchaser of this

     Agreement or the performance by the Purchaser of any of the terms hereof.

                                    ARTICLE 5

                                     CLOSING

5.1  Closing Date and Location

     The transactions contemplated by this Agreement are intended to be

completed at 11:00 A.M. on the Closing Date at the offices of the Purchaser's

Solicitors, 2100 - 1075 West Georgia Street, Vancouver B.C., or at such other

time, date or location as the parties may agree in writing.

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5.2  Application for Exchange Approval

     Upon execution of this Agreement the Purchaser will promptly file this

agreement and all related relevant materials with the Exchange and will take all

commercially reasonable efforts to obtain Exchange acceptance of the transaction

contemplated herein in a timely fashion

     If the Exchange approval of this transaction has not been received by the

Closing Date, then the Closing will be deferred until 3 business days after

receipt by the Purchaser of Exchange Approval, provided that, if such approval

is not obtained on or before October 1, 2003, then either the Vendors or the

Purchaser may advise the other in writing that they have or it has elected to

terminate this Agreement. Upon such termination, neither the Vendors nor the

Purchaser will have any further obligation or liability hereunder, other than

the obligations of confidentiality described in section 9.2, or as may have

arisen prior to such termination.

5.3  Vendors' Closing Documents

     On the Closing Date, the Vendors will deliver, or cause to be delivered, to

the Purchaser the documents set forth in section 6.1(e) and such other documents

as the Purchaser may reasonably require to complete the purchase and sale

intended hereby.

5.4  Purchaser's Closing Documents

     On the Closing Date, the Purchaser will deliver to the Vendors one or more

bank drafts, certified cheques or solicitor's trust cheques made payable to the

Vendors' Solicitors, in trust, in the aggregate amount of $503,000.

                                   ARTICLE 6

           CONDITIONS PRECEDENT TO THE PERFORMANCE BY THE PURCHASER OF

                      ITS OBLIGATIONS UNDER THIS AGREEMENT

6.1  Purchaser's Conditions

     The obligations of the Purchaser to complete the purchase of the Shares and

Shareholder Loans will be subject to the satisfaction of, or compliance with, at

or before the Time of Closing, each of the following conditions precedent:

     (a)  Truth and Accuracy of Representations of the Vendors. The

          representations and warranties of the Vendors in Article 3 will be

          true and correct at the Time of Closing and with the same effect as if

          made at and as of the Time of Closing.

     (b)  Performance of Obligations. Each of the Vendors and the Company will

          have performed and complied with all the obligations, covenants and

          agreements to be performed and complied with by it by the Closing

          Date.

     (c)  No Injunctions. No injunction or restraining order of any court or

          administrative tribunal of competent jurisdiction will be in effect

          prohibiting the transactions contemplated by this Agreement, and no

          action or proceeding will have been instituted or be pending before

          any court or administrative tribunal to restrain or prohibit the

          transactions between the parties contemplated by this Agreement.

     (d)  Regulatory Approval. The Purchaser will have received Exchange

          acceptance of the purchase of the Shares and the Shareholder Loans.

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     (e)  Closing Documentation. The Purchaser will have received from the

          Vendors and, where applicable, the Company the following closing

          documentation, delivered either to the place of closing or to the

          Purchaser's designated agent in the Slovak Republic:

          (i)  the share certificate representing the Shares issued in the name

               of AMC, duly endorsed for transfer to the Purchaser; which

               endorsement must include the business name and the registered

               seat of the Purchaser, signatures of the representatives

               authorized to act on behalf of AMC and the date of the transfer

               of the Shares must correspond to the Closing Date ;

          (ii) a certified extract from a resolution of the board of directors

               of the Company, authorizing the transfer of the Shares to the

               Purchaser, the endorsement for such purpose of the share

               certificate representing the Shares, and the registration of such

               transfer in the books of the Company and with the Slovak

               Securities Centre;

          (iii) a certified extract from the shareholder register of the Company

               held by the Slovak Securities Centre showing the Purchaser as the

               registered owner of the Shares;

          (iv) duly signed resignations (including a statement as to the return

               of information to the Company), in form and substance

               satisfactory to the Purchaser, acting reasonably, of each of the

               members of the Company's board of directors, supervisory board,

               officers and statutory representatives designated by the

               Purchaser;

          (v)  releases, in form and substance satisfactory to the Purchaser,

               acting reasonably, executed by each of the Vendors in favour of

               the Company releasing the Company from any and all manner of

               actions, causes of action, suits, proceedings, debts (other than

               the Shareholder Loans being transferred to the Purchaser), dues,

               profits, expenses, contracts, damages, claims, demands and

               liabilities whatsoever, in law or equity, which the Vendors or

               either of them, ever had, now has or may have against the Company

               for or by reason of any matter, cause or thing whatsoever done or

               omitted to be done by the Company up to the Closing;

          (vi) an assignment of the Shareholder Loans, in form and substance

               satisfactory to the Purchaser, acting reasonably, duly executed

               by AMC;

          (vii) an assignment of the engagement agreement between Boris

               Bartalsky and AMC, in form and substance satisfactory to the

               Purchaser, acting reasonably, duly executed by AMC;

          (viii) all other necessary consents, waivers, including waivers of

               pre-emptive rights and authorizations required to enable the

               transfer of the Shares and the Shareholder Loans to the Purchaser

               as provided for in this Agreement; and

          (ix) all such instruments of transfer, duly executed, which in the

               opinion of the Purchaser acting reasonably are necessary to

               effect and evidence the transfer of the Shares and Shareholder

               Loans to the Purchaser free and clear of all Encumbrances.

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     (f)  Absence of Damages. No damage, destruction or loss to any Assets of

          the Company, whether owned, leased or licensed that is not adequately

          covered by insurance (less amounts which are "deductibles" under such

          insurance), and no damage, destruction or loss to any Assets of the

          Company where the cost of repairing or replacing all such Assets

          exceeds $10,000 in total, will have occurred.

6.2  Waiver

     The conditions set forth in this Article 6 are for the exclusive benefit of

the Purchaser and may be waived by the Purchaser in writing in whole or in part

at or before the Time of Closing. Notwithstanding any such waiver, the

completion of the purchase and sale contemplated by this Agreement by the

Purchaser will not prejudice or affect in any way the rights of the Purchaser to

indemnification in respect of the warranties and representations of the Vendors

in this Agreement.

6.3  Covenant of the Vendors

     The Vendors covenant to complete all of their respective obligations

hereunder to be completed by the Time of Closing including the deliver all of

the documents, instruments and other items set out in section 6.1(e).

                                   ARTICLE 7

            CONDITIONS PRECEDENT TO THE PERFORMANCE BY THE VENDORS OF

                     THEIR OBLIGATIONS UNDER THIS AGREEMENT

7.1  Vendors' Conditions

     The obligations of the Vendors to complete the sale of the Shares and

Shareholder Loans will be subject to the satisfaction of, or compliance with, at

or before the Closing Time, each of the following conditions precedent:

     (a)  Truth and Accuracy of Representations of the Purchaser. The

          representations and warranties of the Purchaser made in Article 4 will

          be true and correct at the Time of Closing and with the same effect as

          if made at and as of the Time of Closing.

     (b)  Performance of Agreements. The Purchaser will have performed and

          complied with all the obligations, covenants and agreements to be

          performed and complied with by it by the Closing Date.

     (c)  Absence of Injunctions. No injunction or restraining order of any

          court or administrative tribunal of competent jurisdiction will be in

          effect prohibiting the transactions contemplated by this Agreement,

          and no action or proceeding will have been instituted or be pending

          before any court or administrative tribunal to restrain or prohibit

          the transactions between the parties contemplated by this Agreement.

     (d)  Purchase Price. The Purchase Price will have been delivered in

          accordance with section 5.4.

7.2  Waiver

     The conditions set forth in this Article 7 are for the exclusive benefit of

the Vendors and may be waived by the Vendors in writing in whole or in part at

or before the Time of Closing.

13

                                   ARTICLE 8

                      CONDUCT OF BUSINESS PRIOR TO CLOSING

8.1  Conduct

     Except as otherwise contemplated or permitted by this Agreement, during the

period from the date of this Agreement to the Closing Time, each of the Vendors

will do or will cause the Company to do the following:

     (a)  Conduct Business in Ordinary and Usual Course. Conduct the Company's

          business in the ordinary and usual course thereof and not, without the

          prior written consent of the Purchaser, enter into any transaction

          which would constitute a breach of any of the Vendors'

          representations, warranties or agreements contained herein.

     (b)  Continue Insurance. Continue in force any and all existing policies of

          insurance presently maintained by the Company.

     (c)  Perform Obligations. Comply with all laws applicable to the Company

          and its Current Operations and pay all required taxes as they become

          due.

     (d)  Pay Liabilities. Pay and discharge all liabilities or obligations of

          the Company in the ordinary and usual course of business consistent

          with past business practice, except for such liabilities or

          obligations as may be contested by the Company in good faith.

     (e)  No Breach. Refrain from any action or omission which would, or would

          reasonably be expected to, result in a breach of or render untrue any

          representation, warranty, covenant, or other obligation of any of the

          Vendors contained herein.

     (f)  Licences. Obtain, or provide the Purchaser with all co-operation or

          support reasonably required to allow the Purchaser to obtain, on or

          before the Closing Date, from all appropriate federal, provincial,

          state, municipal or other governmental or regulatory bodies, any

          licences, permits, consents, approvals, certificates, registrations

          and authorizations required to permit the completion of the

          transactions contemplated by this Agreement, including Exchange

          approval.

     (g)  Preserve Business. Preserve intact the Assets and carry on the Current

          Operations and the affairs of the Company as currently conducted, and

          promote and preserve for the Purchaser the goodwill of suppliers,

          customers, regulators and others having business relations with the

          Company.

     (h)  Necessary Steps. Take all necessary actions, steps and proceedings

          that are necessary or desirable to approve or authorize, or to validly

          and effectively undertake, the execution and delivery of this

          Agreement and the completion of the transactions contemplated by this

          Agreement.

     (i)  Compliance with Article 9. Comply with the provisions of Article 9.

14

                                   ARTICLE 9

                            EXAMINATIONS AND WAIVERS

9.1  Access for Investigation

     The Vendors will permit, and will cause the Company to permit, the

Purchaser and its employees, agents, professional advisors and other

representatives between the date hereof and the Closing Date, to have access

during normal business hours to the premises and to all the Key Employees, the

Data, books, accounts, records and other data of the Company (including all

technical, corporate, accounting and tax records and any electronic or computer

accessed data) and to the Assets of the Company. The Vendors will cause the

Company to furnish, and require that the Company's principal bankers, appraisers

and independent auditors and other advisors furnish, to the Purchaser such

financial and operating data and other information with respect to the Current

Operations, business and Assets of the Company as the Purchaser may from time to

time reasonably request to enable confirmation of the matters warranted in

Article 3.

9.2  Disclosure of Information

     Until the Time of Closing and, in the event of the termination of this

Agreement without consummation of the transactions contemplated by this

Agreement, thereafter, the Purchaser will keep confidential any information

(unless otherwise required by law or such information is readily available or

becomes readily available, from public or published information or sources)

obtained from the Company or from the Vendors. If this Agreement is so

terminated, promptly after such termination all documents, work papers and other

written material obtained from a party in connection with this Agreement and not

theretofore made public (including all copies and photocopies thereof), will be

returned to the party that provided such material. Before and after Closing the

Vendors and the Purchaser will not disclose the Purchase Price or any other

terms of this Agreement except as reasonably required for income tax, stock

exchange, securities commission and other reporting requirements. After Closing

the Vendors will keep confidential any information regarding the Company and its

business and Assets which was known to it at or prior to the Time of Closing.

                                   ARTICLE 10

                           EXCLUSIVE AREA OF INTEREST

     Each of the Vendors agrees that it will not acquire, nor will it permit any

of its Affiliates to acquire, directly or indirectly, any interest in any

exploration concessions, mining claims, leases, mining rights, interests in

land, fee lands, surface rights or water rights within five (5) kilometres of

the external boundaries of the mineral rights described in Schedule E, without

the Purchaser's prior written consent.

                                   ARTICLE 11

                                     GENERAL

11.1 Public Notices

     The parties agree that all notices to third parties and all other publicity

concerning the transactions contemplated by this Agreement will be jointly

planned and co-ordinated and no party will act unilaterally in this regard

without the prior approval of the others, such approval not to be unreasonably

withheld.

15

11.2 Expenses

     All costs and expenses incurred in connection with the preparation of this

Agreement and the transactions contemplated by this Agreement will be paid by

the party incurring such expenses.

11.3 Time

     Time will be of the essence of this Agreement.

11.4 Notices

     Any notice or other writing required or permitted to be given hereunder or

for the purposes hereof will be sufficiently given if delivered, telecopied or

transmitted electronically to the party to whom it is given or, if mailed, by

prepaid registered mail addressed to such party at:

     (a)  if to the Purchaser at:

                           520 - 800 West Pender Street

                           Vancouver, B.C.,  V6C 2V6

                           Attention:  President

                           Fax number: (604) 683 8340

          with a copy to Purchaser's Solicitors at:

                           2100 - 1075 West Georgia Street

                           Vancouver, B.C.,  V6E 3G2

                           Attention: R. S. Angus

                           fax number:  (604) 631 3232

                           e-mail:  tangus@van.fasken.com

     (b)  if to the Vendors at:

                           20607 Logan Avenue

                           Langley, B.C.,  V3A 7R3

                           fax number:  (604) 530 8423

                           e-mail:  argosy@intergate.ca

          with a copy to the Vendors' Solicitors at:

                           1600 - 925 West Georgia Street

                           Vancouver, B.C.,  V6C 3L2

                           Attention:  John T.C. Christian

                           fax number:  (604) 669 1620

                           e-mail:  john.christian@lawsonlundell.com

or at such other address as the party to whom such writing is to be given will

have last notified to the party giving the same in the manner provided in this

clause. Any notice mailed or personally delivered will be deemed to have been

given and received when actually delivered to the recipient. Any notice sent by

telecopier or e-mail will be deemed to have been given and received on the

business day next following the day it was telecopied or e-mailed, provided that

confirmation of receipt is received.

11.5 Governing Law

     This Agreement will be governed by and construed in accordance with the

laws in force in the Province of British Columbia and the parties submit and

attorn to the jurisdiction of the courts of the Province of British Columbia.

16

11.6 Severability

     If a court of other tribunal of competent jurisdiction determines that any

one or more of the provisions contained in this Agreement is invalid, illegal or

unenforceable in any respect in any jurisdiction, the validity, legality and

enforceability of such provision or provisions will not in any way be affected

or impaired thereby in any other jurisdiction and the validity, legality and

enforceability of the remaining provisions contained herein will not in any way

be affected or impaired thereby, unless in either case as a result of such

determination this Agreement would fail in its essential purpose.

11.7 Entire Agreement

     This Agreement constitutes the entire agreement between the parties and

supersedes all prior agreements and understandings, oral or written, by and

between any of the parties with respect to the subject matter hereof, including

the Letter Agreement.

11.8 Further Assurances

     The parties will with reasonable diligence, do all such things and provide

all such reasonable assurances as may be required to consummate the transactions

contemplated by this Agreement, and each party will provide such further

documents or instruments required by the other party as may be reasonably

necessary or desirable to give effect to the purpose of this Agreement and carry

out its provisions whether before or after the Closing Date.

11.9 Enurement

     This Agreement and each of the terms and provisions hereof will enure to

the benefit of and be binding upon the parties and their respective successors

and assigns.

11.10 Counterparts

     This Agreement may be executed in as many counterparts as may be necessary

or by facsimile and each such counterpart agreement or facsimile so executed

will be deemed to be an original and such counterparts and facsimile copies

together will constitute one and the same instrument.

     IN WITNESS WHEREOF the parties have duly executed this Agreement as of the

day and year first above written.

THE CORPORATE SEAL of

TOURNIGAN GOLD CORPORATION                            )

was hereunto affixed in the presence of:              )

                                                      )

                                                      )     C/S

/s/ Hein Poulus                                       )

----------------------------------------------------- )

Authorized Signatory                                  )

                                                      )

                                                      )

----------------------------------------------------- )

Authorized Signatory                                  )

17

THE CORPORATE SEAL of ARGOSY MINERALS INC. was        )

hereunto affixed in the presence of:                  )

                                                      )

                                                      )     C/S

/s/ Cecil Bond                                        )

----------------------------------------------------- )

Authorized Signatory                                  )

                                                      )

                                                      )

----------------------------------------------------- )

Authorized Signatory                                  )

THE CORPORATE SEAL of ARGOSY MINING CORP. was         )

hereunto affixed in the presence of:                  )

                                                      )

                                                      )     C/S

/s/ Cecil Bond                                        )

----------------------------------------------------- )

Authorized Signatory                                  )

                                                      )

                                                      )

----------------------------------------------------- )

Authorized Signatory                                  )

18

                                   SCHEDULE A

                          Bookkeeping Report June 2003

                           (insert document #6032825)

19

                                                    SCHEDULE B

                                                    Employees

Employee               Job Description                     Period                                   Monthly Salary

--------               ---------------                     ------                                   --------------

Title, Age                                                 Since             To

----------                                                 -----             --

Boris Bartalsky        Director,                  K G      Jan 1, 2001       Present/unlimited      50 000,-SKK

PhD, 43                member of Board of                                                           one year

                       directors                                                                    severance

                       Exploration Manager        Agy      March 1, 1997     Present/unlimited      1500 C$, one

                                                                                                    year severance

                       Exploration Manager        Ago      March 1, 1998     Dec.31, 2001           50 000,-SKK

                       Exploration Manager        Ago      March 1, 1997     Mach 1, 1998           28 600, -SKK

                       Exploration Manager        Ago      Sept.1, 1996      March 1, 1997          26 000,-SKK

Dusan Roob             Site manager               K G      Nov. 1, 1997      Present/unlimited      16 800,-SKK

Ing, 36

                       Site manager               K G      May 1, 1997       Oct. 31, 1997          16 000,-SKK

Finka Oliver,          Counsellor                 K G      Jan. 1, 2001      Dec. 31, 2003          200,-SK/hour

Ing, 67

                       Technical supervisor       K G      April 1, 2000     Dec. 31, 2000          15 000,-SKK

                       Senior geologist           K G      May 1, 1997       March 31, 2000         15 000,-SKK

                       Senior geologist           K G      May 1, 1997       April 30, 1998         30 000,-SKK

Branislav Martis       Assistant,                 K G      Jan. 7, 1998      Present/unlimited      11 000,-SKK

29                     interpreter/translator

                       Assistant,                 K G      Aug. 25, 1997     January 6, 1998        9 000,-SKK

                       interpreter/translator

Damian Kelement        Watchman                   K G      April 1, 2000     Present/unlimited      5 000,-SKK

44                                                a.s

                       Watchman                   K G      Jan. 1, 1999      March 31, 2000         3 900,-SKK

                                                  a.s

                       Watchman                   K G      July 1, 1997      May 31, 1998           8 500,-SKK

                                                  a.s

Note: The company must pay 38% from salaries monthly overhead for Slovak

employees as social conscription.

Abbreviations: KG - Kremnica Gold a.s.; AGO - Argosy Slovakia S.I.O.; AGY -

Argosy Mining

20

                                   SCHEDULE C

                             Machinery and Equipment

Tangible Fixed Assets:

----------------------

Map cabinet in the archive - book value 25 309 Sk

Air compressor in Prep Lab - book value 15,112 Sk

Security system - book value 11,453 SK

Shelves for core boxes - book value 66107 Sk

Drying owen - book value 21862 Sk

Cars

----

2 Nissans Double Cab, Pick Up, year of prod. 1996

21

                                   SCHEDULE D

                                  Real Property

The two parcels numbered 2063 and 2065 registered in Slovakia with:

         Okresny urad v Ziari nad Hronom

         613 Odbor katastra nehntelnosti

22

                                   SCHEDULE E

                                 Mineral Rights

Decision issued by the Ministry of Environment of the Slovak Republic on

Sept.18, 2002 on the delineation of the exploration area Lucky No. 503/2002-7.

Decision of the Ministry of Metallurgy and Mining of CSSR on 21 January, 1961 on

the delineation of the Mining area Kremnica No. MHD-D.P. 12.

23

                                   SCHEDULE F

                                  Encumbrances

Ludovika shaft building is registered as technical cultural site.

24

                                   SCHEDULE G

                                     Permit

Permission given by a District Mining Office in Banska Bystrica for a purpose to

carry on securing of mine workings and open pit "Kremnica - Sturec - Au, Ag"

under the following conditions: (i) securing of mine workings and open pit

"Kremnica - Sturec - Au, Ag" must be carried on to the extent and according to

the terms of securing plans filed in the District Mining Office in Banska

Bystrica under No. 1963/99, and (ii) the Company must proceed in compliance with

legal rules regulating safety and health protection at work and safety of

performance of mining activity and other valid legal rules.

25<DOCUMENT>

                                                                     Exhibit 4c3

                                 LOAN AGREEMENT

THIS AGREEMENT dated for reference July 8, 2003 is between:

               QUEST CAPITAL CORP., a British Columbia company,

               having an office at Suite 300, 570 Granville

               Street, Vancouver, British Columbia V6C 3P1

                                                                  (the "Lender")

AND:

               TOURNIGAN GOLD CORPORATION, a Yukon corporation,

               having an office at Suite 520, 800 West Pender

               Street, Vancouver, BC V6C 2V6

                                                                (the "Borrower")

BACKGROUND

A. Pursuant to a letter of intent dated March 11, 2003 and a purchase agreement

made as of July 10, 2003 (collectively, the "Kremnica Acquisition Agreement")

between the Borrower, Argosy Minerals Inc. and Argosy Mining Corp., the Borrower

agreed to purchase all of the issued and outstanding shares of Kremnica Gold,

a.s. ("Kremnica") in accordance with the terms thereof (the "Acquisition").

B. The Lender has agreed to lend to the Borrower and the Borrower has agreed to

borrow from the Lender the principal amount of Cdn.$550,000 (the "Loan") to fund

the Acquisition, on the terms and subject to the conditions of this Agreement.

AGREEMENTS

For good and valuable consideration, the receipt and sufficiency of which each

party acknowledges, the parties agree as follows:

1. Definitions. In this Agreement "Business Day" means a day which is not a

Saturday, Sunday or a statutory holiday in British Columbia.

2. Loan Advance. Subject to and upon the fulfilment of the conditions precedent

contained in paragraph 8 of this Agreement, the Lender will advance the

principal amount of the Loan to the Borrower or as the Borrower may direct.

3. Use of Proceeds. The Borrower covenants and agrees with the Lender that the

Loan proceeds will be used by the Borrower as follows:

     (a)  as to Cdn.$503,000 to fund the purchase price payable pursuant to the

          Kremnica Acquisition Agreement,; and

     (b)  as to Cdn.$47,000 for general working capital purposes;

and for no other purpose whatsoever without the express written consent of the

Lender.

4. Term and Prepayment.

     (a)  Any outstanding balance of the Loan, including principal, accrued

          interest, bonus and other costs or charges payable hereunder

          (collectively the "Outstanding Balance"), will be immediately due and

          payable by the Borrower to the Lender on the earlier of:

1

          (i)  December 31, 2003;

          (ii) any change of control of the Borrower ("control" being defined as

               ownership of or control or direction over, directly or

               indirectly, 20% or more of the outstanding voting securities of

               the Borrower); or

          (iii) the occurrence of an Event of Default, as defined in paragraph

               12 hereof.

     (b)  If after the advance of the Loan and prior to payment in full of the

          Outstanding Balance, the Borrower sells or otherwise disposes of any

          assets, the Borrower will pay or cause to be paid all proceeds from

          such sale or disposition net of reasonable selling costs, up to the

          full amount of the Outstanding Balance, to the Lender within three (3)

          Business Days of receipt of the same, to be applied on account of the

          Loan. All payments made hereunder will be applied on account of the

          Loan, first to interest and any other costs or charges then owing,

          then to principal.

     (c)  If after the advance of the Loan and prior to payment in full of the

          Outstanding Balance, the Borrower closes one or more equity or debt

          financings, the Borrower will pay or cause to be paid fifty percent

          (50%) of all proceeds from such financing, up to the full amount of

          the Outstanding Balance, to the Lender within three (3) Business Days

          of receipt of the same, to be applied on account of the Loan. All

          payments made hereunder will be applied on account of the Loan, first

          to interest and any other costs or charges then owing, then to

          principal.

     (d)  The Borrower may repay the Loan at any time before maturity, without

          notice or penalty.

5. Interest. Interest will accrue on the Outstanding Balance from the Deposit

Date at the rate of twelve percent (12%) per annum, calculated and compounded

monthly (effective annual rate of 12.68%), and be payable by the Borrower to the

Lender monthly on the last Business Day of every month, commencing July 31,

2003, as well as after maturity, default and judgment.

6. Bonus Shares. As additional consideration for the advance of the Loan, the

Borrower will pay to the Lender at the time of the advance, a non-refundable

bonus in the form of 250,000 free-trading Common shares in the capital of the

Borrower (the "Bonus Shares"). Concurrently with the advance of the Loan, the

Borrower will deliver to the Lender a share certificate representing the Bonus

Shares registered in the name of the Lender or as the Lender may otherwise

direct. The Bonus Shares will be free from resale restrictions under all

applicable securities laws.

7. Security. As security for the Loan the Borrower will:

     (a)  execute and deliver to the Lender a promissory note, in the form

          attached hereto as Schedule "A" (the "Note");

     (b)  execute and deliver to the Lender a general security agreement (the

          "GSA") in form and terms satisfactory to the Lender, under which the

          Borrower will grant a security interest in all its present and

          after-acquired personal property. Financing statements (or equivalent)

          will be registered in such jurisdictions as the Borrower carries on

          business or has assets; and

2

     (c)  execute and deliver to the Lender a share pledge agreement (the

          "Pledge Agreement") under which the Borrower will pledge and grant a

          first security interest in favour of the Lender over all of the issued

          and outstanding shares in the capital of Kremnica (the "Pledged

          Shares"), together with share certificates representing the Pledged

          Shares, all required governmental and other consents, permits and

          authorizations, undated stock powers of attorney or, transfer forms or

          share purchase agreements, undated certified directors' resolutions of

          the Borrower required to effect the transfer of the Pledged Shares,

          and such other documents or instruments as the Lender may require in

          connection therewith, all in form and terms satisfactory to the

          Lender.

8. Conditions Precedent. As conditions precedent to the advance of the Loan by

the Lender:

     (a)  the representations and warranties of the Borrower contained in

          paragraph 9 will be true and correct in all material respects and the

          Borrower will have complied with all covenants required to be complied

          with by it prior to the advance of the Loan by the Lender;

     (b)  the Borrower will have:

          (i)  received the conditional approval of the TSX Venture Exchange

               (the "Exchange") to the Acquisition and the transactions

               contemplated herein and will have delivered to the Lender a copy

               of the Exchange's conditional approval letter and such other

               documents as the Lender may request;

          (ii) executed and delivered all of the above security documents and

               the documents, securities and instruments referred therein and

               the Lender will have completed all registrations and other

               filings that may be prudent or necessary to perfect the Lender's

               security therein;

          (iii) duly appointed a nominee of the Lender to the board of directors

               of the Borrower and executed and delivered a director's indemnity

               agreement in form and terms satisfactory to the Lender and its

               nominee;

          (iv) executed and delivered to the Lender a certified copy of the

               Kremnica Acquisition Agreement and confirmation of the closing of

               the Acquisition, in form and terms satisfactory to the Lender;

          (v)  delivered a certified copy of its directors' resolutions

               authorizing the borrowing of the Loan and the execution and

               delivery of this Agreement and all agreements, documents and

               instruments referred to herein, together with an officer's

               certificate, certifying certain factual matters, in form and

               terms satisfactory to the Lender;

          (vi) caused to be executed and delivered a legal opinion of Borrower's

               counsel, in form and terms satisfactory to the Lender and its

               counsel; and

          (vii) caused to be executed and delivered a legal opinion of

               Borrower's Slovak counsel, Csekes, Vilagi, Drgonec and partners,

               in form and terms satisfactory to the Lender and its counsel..

3

     (c)  the Lender will have completed and, in its sole and absolute

          discretion, be satisfied with its due diligence review of the

          Borrower; and

     (d)  the Lender will have received the approval of its board of directors

          and will, in its sole and absolute discretion, be satisfied as to the

          creditworthiness of the Borrower and the adequacy of the collateral

          security provided herein.

     If any of the foregoing conditions precedent are not satisfied or waived by

     the Lender in writing on or before July 11, 2003, this Agreement will

     terminate, and the Lender will be under no further obligation to the

     Borrower in connection with the transaction contemplated herein.

9. Representations and Warranties. The Borrower represents and warrants to the

Lender as follows:

     (a)  the Borrower is a company incorporated under the Business Corporations

          Act (Yukon), has not discontinued or been dissolved under that Act and

          is in good standing with respect to the filing of annual reports with

          the Registrar of Companies office;

     (b)  the Borrower is duly registered as an extra-provincial corporation in

          British Columbia and is in good standing with respect to the filing of

          extra-provincial annual reports in British Columbia;

     (c)  the Borrower has the power and authority to carry on its businesses as

          now being conducted, to acquire, own, hold, lease and mortgage or

          grant security in its assets including real property and personal

          property, and to enter into and perform its obligations under this

          Agreement, the Note, the GSA, the Pledge Agreement, the Kremnica

          Acquisition Agreement and all other documents or instruments delivered

          hereunder or thereunder;

     (d)  this Agreement, the Note, the GSA, the Pledge Agreement and all

          ancillary instruments or documents issued, executed and delivered

          hereunder or thereunder by the Borrower have been duly authorized by

          all necessary action of the Borrower and each constitutes or will

          constitute a legal, valid and binding obligation of the Borrower

          enforceable against it in accordance with their terms, subject to

          applicable bankruptcy, insolvency, reorganization, moratorium and

          other similar laws affecting the rights and remedies of creditors and

          to the general principles of equity;

     (e)  the Borrower is not in breach of or in default under any obligation in

          respect of borrowed money and the execution and delivery of this

          Agreement, the Note, the GSA, the Pledge Agreement and all ancillary

          instruments or documents issued and delivered hereunder or thereunder,

          and the performance of the terms hereof and thereof will not be, or

          result in, a violation or breach of, or default under the Borrower's

          constating documents, any law, any judgment, agreement or instrument

          to which it is a party or may be bound;

     (f)  no litigation or administrative proceedings before any court or

          governmental authority are presently ongoing, or have been threatened

          in writing, or to the best of the Borrower's knowledge are pending,

          against the Borrower or any of its assets or affecting any of its

          assets which could have a material adverse effect on its business or

          assets;

4

     (g)  the audited annual financial statements for Borrower for the fiscal

          year ended August 31, 2002 and the quarterly financial statements for

          the fiscal period ended February 28, 2003 (collectively, the

          "Financial Statements"), fairly present the financial affairs of

          Borrower as of the date to which they are made, and have been prepared

          in accordance with Canadian generally accepted accounting principles

          consistently applied;

     (h)  the disclosure contained in the Borrower's annual information form

          dated February 25, 2003 fully and accurately discloses the Borrower's

          business, assets and undertaking as at that date and no material

          changes have occurred in respect of the information described therein,

          except as publicly disclosed by the Borrower in accordance with

          applicable securities laws;

     (i)  the Borrower is in compliance, in all material respects, with its

          continuous disclosure obligations under applicable securities laws

          and, without limiting the generality of the foregoing, there has been

          no adverse material change (actual, contemplated or threatened) in the

          property, assets or business of the Borrower since the date of release

          of the Financial Statements, other than as publicly disclosed in

          writing by the Borrower in accordance with applicable securities laws

          prior to the date of this Agreement;

     (j)  the Borrower is a reporting issuer under the Securities Acts of

          British Columbia and Alberta and is in compliance with its material

          obligations under those Acts and under the rules, regulations and

          policies of the Exchange and will use its best efforts to maintain

          such status, without default, from the date hereof until repayment in

          full of the Loan to the Lender;

     (k)  the Bonus Shares are free trading, duly and validly issued, fully paid

          and non-assessable Common shares in the capital of the Borrower, free

          from all liens, claims and encumbrances whatsoever;

     (l)  as at the date of this Agreement, except as disclosed in the Financial

          Statements, in any filings within any governmental body or securities

          regulatory authority or to the Lender in writing and as contemplated

          by this Agreement, no holder of outstanding shares in the capital of

          the Borrower will be entitled to any pre-emptive or any similar rights

          to subscribe for any of the shares in the capital of the Borrower or

          other securities of the Borrower, and no rights, warrants or options

          to acquire, or instruments convertible into or exchangeable for any

          shares in the capital of the Borrower are outstanding;

     (m)  except for the acquisition of Kremnica to be completed pursuant to the

          Kremnica Acquisition Agreement, the Borrower has no direct or indirect

          subsidiary corporations;

     (n)  except as disclosed to the Lender in writing prior to the date of this

          Agreement, the Borrower owns its business, operations and assets, and

          holds good title thereto, free and clear of all liens, claims or

          encumbrances whatsoever, other than those in favour of the Lender;

5

     (o)  the board of directors of the Borrower have the full power and

          authority to appoint a nominee of the Lender to the board of directors

          of the Borrower and to provide such nominee with indemnification by

          the Borrower, and such appointment does not require the approval

          (except as has already been obtained) of any holders of shares,

          stocks, bonds, notes, debentures or other outstanding securities of

          the Borrower;

     (p)  immediately following the closing of the Acquisition, the Borrower

          will hold good and marketable title to all of the issued and

          outstanding Kremnica shares, free and clear of all liens, claims or

          encumbrances whatsoever, except for the pledge and security interest

          granted to the Lender pursuant to the Pledge Agreement; and

     (q)  Kremnica has, and immediately following the closing of the Acquisition

          will continue to have, good and marketable title to all of its Assets

          (as defined in the Kremnica Acquisition Agreement), free and clear of

          all Encumbrances (as defined therein) except as shown on Schedule F

          thereto, and none of Kremnica's Assets are in the possession or under

          the control of any other person.

10. Positive Covenants of the Borrower. The Borrower covenants and agrees that

so long as any monies will be outstanding under this Agreement, it will:

     (a)  at all times maintain its corporate existence and the corporate

          existence of all other corporations owned or controlled by it that own

          assets material to the Borrower's business;

     (b)  duly perform its obligations under this Agreement, the Note, GSA and

          Pledge Agreement and all other agreements and instruments executed and

          delivered hereunder or thereunder;

     (c)  promptly pay when due all agency or finders' fees payable in

          connection with the Loan or this Agreement and indemnify and save

          harmless the Lender from all claims in respect of any such fees;

     (d)  carry on and conduct its business in a proper business-like manner in

          accordance with good business practice and will keep or cause to be

          kept proper books of account in accordance with generally accepted

          accounting principles;

     (e)  furnish and give to the Lender within seven (7) Business Days of

          delivery of a written demand from the Lender such reports,

          certificates, updated financial statements, including monthly internal

          financial and operational reports and documents and such other

          information with respect to the Borrower as the Lender may request;

     (f)  provide the Lender with written notice of any proposed financing made

          by or to the Borrower;

     (g)  forthwith provide to the Lender copies of all financial statements,

          both audited and unaudited, as they become available from time to

          time;

     (h)  furnish and give to the Lender (if such is the case) notice that there

          has occurred and is continuing an Event of Default under this

          Agreement or any event which would constitute an Event of Default

          hereunder and specifying the same;

6

     (i)  perform and do all such acts and things as are necessary to perfect

          and maintain the security provided to the Lender pursuant to this

          Agreement; and

     (j)  as long as there is an Outstanding Balance, appoint or cause to be

          appointed a nominee of the Lender to the board of directors of the

          Borrower, as the Lender may so direct from time to time, and provide

          such nominee with indemnification in form and terms satisfactory to

          the Lender and any such nominee. If there is no Outstanding Balance

          and the Loan has been repaid in full, the Lender will, upon receipt of

          a written request from the Borrower, cause its nominee to resign from

          the board of directors of the Borrower.

11. Negative Covenants of the Borrower. The Borrower covenants and agrees with

the Lender that the Borrower will not without first obtaining the written

consent of the Lender:

     (a)  make, give, create or permit or attempt to make, give or create any

          mortgage, charge, lien or encumbrance that ranks equal to or in

          priority to the security interest of the Lender over the assets of the

          Borrower;

     (b)  allot and issue any new shares of any subsidiary corporation;

     (c)  declare or provide for any dividends or other payments based on share

          capital;

     (d)  redeem or purchase any of its shares;

     (e)  directly or through any subsidiary, make any sale of or dispose of any

          substantial or material part of its business, assets or undertaking,

          including its interest in the shares or assets of any subsidiary

          outside of the ordinary course of business;

     (f)  save and except for purchase money security interests, chattel

          mortgages and equipment leases entered into in the ordinary course of

          business, borrow or cause any subsidiary to borrow money from any

          person other than the Lender without first obtaining and delivering to

          the Lender a duly signed assignment and postponement of claim by such

          person in favour of the Lender, in form and terms satisfactory to the

          Lender;

     (g)  pay out any shareholders loans or other indebtedness to non-arm's

          length parties; or

     (h)  guarantee the obligations of any other person, directly or indirectly.

12. Events of Default. Each and every of the events set forth in this paragraph

will be an event of default ("Event of Default"):

     (a)  if the Borrower fails to make any payment of principal or interest

          when due hereunder, and such failure continues for two (2) Business

          Days;

     (b)  if the Borrower defaults in observing or performing any material term,

          covenant or condition of this Agreement or any other collateral

          document delivered hereunder or in connection with the Loan, other

          than the payment of monies as provided for in subparagraph (a) hereof,

          on its part to be observed or performed and such failure continues for

          five (5) Business Days;

7

     (c)  if the Borrower is in default of prescribed filings with applicable

          securities regulatory authorities, the stock exchange or market on

          which its shares trade (collectively, the "Authorities"), or is

          subject to any suspension or cease trade order issued by any such

          Authority;

     (d)  if any of the Borrower's covenants or representations in this

          Agreement or any other collateral document delivered hereunder or in

          connection with the Loan were at the time given false or misleading in

          any material respect;

     (e)  if the Borrower defaults, in any material respect, in observing or

          performing any term, covenant or condition of any debt instrument or

          obligation by which it is bound, makes an assignment for the benefit

          of its creditors, or admits in writing its inability to pay its debts

          as they become due, or is adjudicated bankrupt or insolvent;

     (f)  if the Borrower permits any sum which has been admitted as due by the

          Borrower, or is not disputed to be due by it, and which forms or is

          capable of being made a charge upon any of the assets or undertaking

          of the Borrower to remain unpaid or not challenged for 30 days after

          proceedings have been taken to enforce the same;

     (g)  if the Borrower, either directly or indirectly through any material

          subsidiary, ceases or threatens to cease to carry on business;

     (h)  if any order is made or issued by a competent regulatory authority

          prohibiting the trading in shares of the Borrower or if the Borrower's

          Common shares are suspended or de-listed from trading on any stock

          exchange;

     (i)  if, in the reasonable opinion of the Lender, a material adverse change

          occurs in the financial condition of the Borrower;

     (j)  if the Lender in good faith and on commercially reasonable grounds

          believes that the ability of the Borrower to pay any of the

          Outstanding Balance to the Lender or to perform any of the covenants

          contained in this Agreement or any other collateral agreement or other

          document is impaired or any security granted by the Borrower to the

          Lender is or is about to be impaired or in jeopardy;

     (k)  if the Borrower petitions or applies to any tribunal for the

          appointment of a trustee, receiver or liquidator or commences any

          proceedings under any bankruptcy, insolvency, readjustment of debt or

          liquidation law of any jurisdiction, whether now or hereafter in

          effect; or

     (l)  if any petition or application for appointment of a trustee, receiver

          or liquidator is filed, or any proceedings under any bankruptcy,

          insolvency, readjustment of debt or liquidation law are commenced,

          against the Borrower which is not opposed by the Borrower in good

          faith, or an order, judgment or decree is entered appointing any such

          trustee, receiver, or liquidator, or approving the petition in any

          such proceeding.

8

13. Effect of Event of Default. If any one or more of the Events of Default

occur or occurs and is or are continuing, the Lender may without limitation in

respect of any other rights it may have in law or pursuant to this Agreement or

any other document or instrument delivered hereunder, demand immediate payment

of all monies owing hereunder.

14. Lender's Legal Fees. The Borrower will pay for the Lender's reasonable legal

fees and other costs, charges and expenses (including due diligence expenses) of

and incidental to the preparation, execution and completion of this Agreement

and the security hereunder, and all costs and charges incurred by or on behalf

of the Lender in respect of any enforcement, realization or other administration

of the Loan, as may be required by the Lender to complete this transaction. All

amounts hereunder will be payable within 30 days of presentment of an invoice.

If not paid within that time, such amount will be added to and form part of the

principal amount of the Loan and shall accrue interest from such date as if it

had been advanced by the Lender to the Borrower hereunder.

15. Indemnity. The Borrower agrees to indemnify and save harmless the Lender and

each of its directors, officers, employees and agents from and against all

liabilities, claims, losses, damages and reasonable costs and expenses in any

way caused by or arising directly or indirectly from or in consequence of the

occurrence of any Event of Default under this Agreement.

16. Notices. In this Agreement:

     (a)  any notice or communication required or permitted to be given under

          this Agreement will be in writing and will be considered to have been

          given if delivered by hand, transmitted by facsimile transmission or

          mailed by prepaid registered post to the address or facsimile

          transmission number of each party set out below:

          (i)  if to the Lender:

               Quest Capital Corp.

               Suite 300, 570 Granville Street

               Vancouver, B.C. V6C 3P1

               Attention: A. Murray Sinclair

               Fax No:    (604) 681-4692

          (ii) if to the Borrower:

               Tournigan Gold Corporation

               Suite 520, 800 West Pender Street

               Vancouver, BC V6C 2V6

               Attention: Garry Stock

               Fax No:    (604) 683-8340

               or to such other address or facsimile transmission number as any

               party may designate in the manner set out above; and

     (b)  notice or communication will be considered to have been received:

          (i)  if delivered by hand during business hours on a Business Day,

               upon receipt by a responsible representative of the receiver, and

               if not delivered during business hours, upon the commencement of

               business on the next Business Day;

9

          (ii) if sent by facsimile transmission during business hours on a

               Business Day, upon the sender receiving confirmation of the

               transmission, and if not transmitted during business hours, upon

               the commencement of business on the next Business Day; and

          (iii) if mailed by prepaid registered post upon the fifth Business Day

               following posting; except that, in the case of a disruption or an

               impending or threatened disruption in postal services every

               notice or communication will be delivered by hand or sent by

               facsimile transmission.

17. Assignment. The Borrower acknowledges and agrees that the Lender may assign

all or part of the Loan, this Agreement and all collateral agreements, documents

or instruments delivered hereunder to one or more assignees, subject only to the

Lender's notification of such assignment or assignments being given in writing

to the Borrower.

18. Agreement to Pay. Upon receipt of written notice and direction from the

Lender, the Borrower covenants and agrees, net of all applicable withholding

taxes, to make all payments of interest, principal and structuring fees due

under this Agreement to the Lender and any assignee, pro rata in accordance with

their respective proportionate interests in the Loan as set out in such written

notice and direction, absent which all such payments may be made to the Lender.

19. Enurement. This Agreement will enure to the benefit of and be binding upon

the parties hereto and their respective successors and permitted assigns.

20. Waivers. No failure or delay on the Lender's part in exercising any power or

right hereunder will operate as a waiver thereof.

21. Remedies are Cumulative. The Lender's rights and remedies hereunder are

cumulative and not exclusive of any rights or remedies at law or in equity.

22. Time. Time is of the essence of this Agreement and all documents or

instruments delivered hereunder.

23. Criminal Code Compliance. In this paragraph the terms "interest", "criminal

rate" and "credit advanced" have the meanings ascribed to them in Section 347 of

the Criminal Code (Canada) as amended from time to time. The Borrower and the

Lender agree that, notwithstanding any agreement to the contrary, no interest on

the Loan or the credit advanced by the Lender under this Agreement will be

payable in excess of that permitted under the laws of Canada. If the effective

rate of interest, calculated in accordance with generally accepted actuarial

practices and principles, would exceed the criminal rate on the credit advanced,

then:

     (a)  the elements of return which fall within the term "interest" will be

          reduced to the extent necessary to eliminate such excess;

     (b)  any remaining excess that has been paid will be credited towards

          prepayment of the Loan; and

     (c)  any overpayment that may remain after such crediting will be returned

          forthwith to the Borrower upon demand, and, in the event of dispute, a

          Fellow of the Canadian Institute of Actuaries appointed by the Lender

          will perform the relevant calculations and determine the reductions,

          modifications and credits necessary to effect the foregoing and the

10

          same will be conclusive and binding on the parties. This Agreement,

          the Note and all related agreements and documents will automatically

          be modified to reflect such modifications without the necessity of any

          further act or deed of the Borrower and the Lender to give effect to

          them.

24. Invalidity. If at any time any one or more of the provisions hereof is or

becomes invalid, illegal or unenforceable in any respect under any law, the

validity, legality and enforceability of the remaining provisions hereof will

not in any way be affected or impaired thereby to the fullest extent possible by

law.

25. Governing Laws. This Agreement will be governed by and interpreted in

accordance with the laws of the Province of British Columbia and the laws of

Canada applicable therein. The Borrower and the Lender submit to the

non-exclusive jurisdiction of the Courts of the Province of British Columbia and

agree to be bound by any suit, action or proceeding commenced in such Courts and

by any order or judgment resulting from such suit, action or proceeding, but the

foregoing will in no way limit the right of the Lender to commence suits,

actions or proceedings based on this Agreement in any jurisdiction it may deem

appropriate.

26. Amendment. This Agreement may be varied or amended only by or pursuant to an

agreement in writing signed by the parties hereto.

27. Schedules. All Schedules attached hereto will be deemed fully a part of this

Agreement.

28. Currency. All references herein to "dollars" or "$" are to Canadian dollars,

unless otherwise indicated.

29. Counterparts. This Agreement may be signed in one or more counterparts,

originally or by facsimile, each such counterpart taken together will form one

and the same agreement.

TO EVIDENCE THEIR AGREEMENT each of the parties has executed this Agreement on

the date first above written.

QUEST CAPITAL CORP.

Per:

/s/ Michael Atkinson

-------------------------------

    Authorized Signatory

TOURNIGAN GOLD CORPORATION

Per:

/s/ Garry Stock

------------------------------

    Authorized Signatory

11

                                  SCHEDULE "A"

                                 PROMISSORY NOTE

Principal Amount:  Cdn.$550,000

For value received, TOURNIGAN GOLD CORPORATION (the "Borrower") hereby promises

to pay to QUEST CAPITAL CORP. (the "Lender") the principal sum of FIVE HUNDRED

FIFTY THOUSAND CANADIAN DOLLARS (Cdn.$550,000) on the earlier of:

(a) December 31, 2003;

(b) any change of control of the Borrower ("control" being defined as ownership

of or control of direction over, directly or indirectly, 20% or more of the

outstanding voting securities of the Borrower); and

(c) the occurrence of an Event of Default (as defined in the Loan Agreement

between the Borrower and the Lender dated for reference July 8, 2003),

together with interest accruing on the outstanding principal amount from the

date hereof at a rate of TWELVE PERCENT (12%) per annum, compounded monthly

(effective rate of 12.68% per annum), before and after each of maturity, default

and judgment, payable monthly on the last Business Day of every month commencing

July 31, 2003. All payments under this promissory note will be made by certified

cheque, bank draft or wire transfer (pursuant to wire transfer instructions

provided by the Lender from time to time) and delivered to the Lender at Suite

300, 570 Granville Street, Vancouver, British Columbia V6C 3P1. All payments

made by the Borrower will be applied first to interest, bonus and any other

costs or charges owed to the Lender, then to principal.

The undersigned is entitled to prepay this promissory note, in whole or in part,

without notice or penalty. The undersigned waives demand and presentment for

payment, notice of non-payment, protest, notice of protest and notice of

dishonour. This promissory note will be governed by and construed in accordance

with the laws of British Columbia and the federal laws of Canada applicable

therein. In this promissory note, "Business Day" means a day which is not a

Saturday, Sunday or a statutory holiday in British Columbia.

Dated:   July 9, 2003.

TOURNIGAN GOLD CORPORATION

Per:

------------------------------

     Authorized Signatory

12

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