Forest Gate Commences Drilling of Hook Head

Montreal, QC - August 21, 2007 - Forest Gate Resources Inc. today announced that it has commenced drilling on its Hook Head appraisal well, located in Standard Exploration Licence 2/07 in the North Celtic Sea Basin. Using the Petrolia semi-submersible rig, drilling operations on the 50/11-3 well commenced at approximately 20:45 on Friday, August 17th and are expected to last 50 days.*

The Hook Head structure is a large anticline that was first drilled in 1971 by Marathon. The IRL 50/11-1 well discovered hydrocarbons in five sandstone units within the Lower Cretaceous. The well was not flow-tested due to severe operational issues at the time.

"The project is moving ahead as anticipated and I look forward to news from Ireland in the very near future." said Michael Judson, President & CEO of Forest Gate.

The IRL 50/11-2 discovery well, drilled by Marathon in 1975, was a delineation well at the down-dip edge of the structure. Post-drill mapping by Marathon indicates that the crest of the structure is located to the north-east of the IRL50/11-1 discovery well. This mapping is further supported by the seismic data acquired by Providence in 2006.

"We are very pleased that the drilling is now underway," said Michael Judson, President of Forest Gate. "This is a very exciting time for Forest Gate and our consortium partners."

Partners in the Hook Head well are:

In other corporate news, Robert Kramberger, Vice-President, Investor Relations has been granted 200,000 incentive stock options exercisable at $0.15 with an expiry date of August 16, 2012. There will be a four-month hold period expiring on December 17, 2007.

*This includes a provision for comprehensive wireline logging and testing.
**Farm in subject to Ministerial Consent

Forest Gate Resources Inc. is an international oil & gas exploration company. The company is seeking to increase shareholder value through participation and development of oil & gas exploration and production projects in Ireland and Canada. The company's shares trade under the symbol FGT on the TSX Venture Exchange.

For more information please contact:

Angela Colizza,
Investor Relations Manager
1-866-666-3040
acolizza@forestgate.ca
www.forestgate.ca

FORWARD-LOOKING STATEMENTS This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf. The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this news release.