Forest Gate Logs Significant Hydrocarbons Offshore Ireland

Hook Head Appraisal Well Logs 75 Feet of Net Pay In The Celtic Sea
Reservoir Quality Better Than Expected
Well Flow Testing Program to Commence Shortly

Montreal, QC - September 10, 2007 - Forest Gate Resources Inc, together with its partners is pleased to announce that it has successfully logged a total of 75 feet of net hydrocarbon-bearing reservoir in the 50/11-3 Hook Head appraisal well, offshore Ireland.

The well was drilled to a total depth (TD) of 4,880 feet true vertical depth subsea (TVDSS). All geological horizons were encountered within the pre-drill depth prognosis and significant oil and gas shows characteristic of either a light oil or rich gas were encountered whilst drilling. This well is located in 240 feet water and is approximately 60 kilometres offshore Waterford, Ireland, is situated in Standard Exploration Licence 2/07 in the North Celtic Sea Basin.

Preliminary petrophysical analysis of electric wireline logs acquired over the main Lower Cretaceous target indicates a 484 foot gross hydrocarbon-bearing interval. The reservoir zones are of equivalent age to those encountered in the 50/11-1 & 2 wells, located approximately 2.5 kilometres and approximately 5 kilometres to the south-west, respectively. Initial analysis of the data suggests an overall improvement in reservoir quality at the 50/11-3 location, with average porosity of 20% within the main hydrocarbon-bearing interval.

In addition to the successful appraisal of the accumulation, a number of further exploration objectives were also logged as hydrocarbon-bearing in the well. The plan is now to set a string of casing prior to flow testing the well.

Upon completion of drilling operations, the revised* equity ownership in the Hook Head discovery is Providence Resources Plc (Operator) 43.5294%, Challenger Minerals (Celtic Sea) Limited 16.3235%, Dyas BV 16.3235%, Atlantic Petroleum (Ireland) Limited 10.8824%, Forest Gate Resources Inc. 7.5%, Sosina Exploration Limited 5.4412%.

Consistent with the above revised equity ownership, the Company also reports that it has forfeited 7.5% of its 15% interest in the Celtic Sea joint venture.

"We worked relentlessly through the summer to raise this financing to maintain a level of participation in the project," said Michael Judson, President and CEO of Forest Gate. "A 7.5% interest in these Celtic Sea licenses offers Forest Gate enormous potential value," continued Judson. "The results from Hook Head appraisal well are extremely encouraging."

Forest Gate has $1.5 million in cash and must contribute approximately $2.5 million to fund its share of ongoing exploration and well-testing activities.

*subject to Ministerial approval

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.