FISCHER-WATT

   Exhibit 99.1

 XXXXXXX-XXXX       

 GOLD COMPANY, INC.

___________________________________________________________________________________________________

                0000 Xxxx Xxxxx, Xxxxxxxx, Xxxxxxxx 00000, XXX                     PH:(000) 000-0000  FAX:(000) 000-0000

NEWS   RELEASE

___________________________________________________________________________________________________

XXXXXXX-XXXX CONVERTS ITS OBLIGATIONS TO A ROYALTY.

Denver, CO – July 13, 2011 – Xxxxxxx-Xxxx Gold Company, Inc. (OTCQB: FWGO) has renegotiated its debt and property interests with Tournigan Energy Ltd. (“TVC”) concerning its uranium properties in the western United States. TVC has agreed to defer receipt of its debt and property interests by converting these Xxxxxxx-Xxxx liabilities to a 2% net smelter return (“NSR”) royalty interest on uranium properties within Xxxxxxx-Xxxx’x current areas of work.

Under the terms of its existing agreement with TVC, Xxxxxxx-Xxxx had the following obligations:

a)

$600,000 remained owing to TVC, payable from 50% of the proceeds of future equity financings;

b)

TVC retained a 30% carried interest on Xxxxxxx-Xxxx’x uranium properties in Wyoming, South Dakota and Arizona through to feasibility on any project on these properties;

c)

After completion of a feasibility on a project, TVC could elect to convert its interest to a 30% contributory working interest in the project, or its interest would be diluted to a 5% net profits interest.

Under the renegotiated terms TVC will:

a)

Forgive the $600,000 payable;

b)

Convert its interests in Xxxxxxx-Xxxx’x properties to a 2% NSR royalty up to a maximum of $10,000,000;

c)

Xxxxxxx-Xxxx is entitled to buy back up to half of this royalty  for $3,000,000 at any time up to July 13, 2016 and thereby reduce the remaining royalty to a 1% NSR royalty capped at $5,000,000;

d)

The NSR royalty will apply to any uranium production by Xxxxxxx-Xxxx in the Wyoming counties of Carbon, Fremont, Sublette and Sweetwater and the South Dakota county of Fall River. These are all areas where Xxxxxxx-Xxxx currently holds uranium property interests.

Xxxxx Xxxxxx, President and CEO of Xxxxxxx-Xxxx commented that; “We are very grateful that TVC was willing to renegotiate our previous agreement whereby they converted debt and property interests into a longer term royalty interest. This now allows Xxxxxxx-Xxxx to have a stronger chance of completing contemplated financings and possible ventures with others.”

The amended agreement has been approved by the Boards of both Xxxxxxx-Xxxx and TVC with Xxxxx Xxxxxx, President and CEO of Xxxxxxx-Xxxx and also a member of TVC’s Board of Directors, declaring his conflict and abstaining from all voting on the subject. The agreement is subject to TSX.V approval, which is anticipated shortly.

About Xxxxxxx-Xxxx.

Xxxxxxx-Xxxx is a U.S. junior mine exploration company traded on the OTCQB under the symbol FWGO. The Company’s management team has a strong background in all facets of the mineral industry especially in exploration, production and financing.

The Company’s focus is directed at advancing its suite of uranium exploration properties. This portfolio of mineral claims and leases on over 18,000 acres in Wyoming, South Dakota and Arizona covers some of the most prospective uranium-bearing geology in the United States.

Nuclear energy generation and the demand for uranium is expected to continue to increase over the coming years, despite the recent tragedy in Japan, as chiefly Asian countries strive to generate large-scale, stable and economical power with a low carbon footprint. Xxxxxxx-Xxxx aims to be a future provider to power utilities of the basic mined source of their needed fuel, a non-enriched product known as yellowcake.

Statements in this release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those projected in the forward-looking statements.

For further information please contact:

Xx. Xxxxx Xxxxxx  P.Eng.

     or

            Mr. Xxxxx Xxxxxx Xx.

President and CEO                           

            Managing Director

Xxxxxxx-Xxxx Gold Company, Inc.

                        Xxxxxx Capital Advisors, Inc.

Phones:    000-000-0000                                                         000-000-0000

emails:      xxxx@xxxxxxx-xxxx.xxx

             xxxxxxx@xxxxxxxxxxxx.xxx

websites:   xxx.xxxxxxx-xxxx.xxx                                          xxx.xxxxxxxxxxxx.xxx

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