Forest Gate Announces Non-Brokered Private Placement

Montreal, QC - September 14, 2007- Forest Gate Resources Inc. (the "Company") announces today that it will be undertaking a non-brokered private placement whereby the Company intends to raise up to $3,000,000 at a price of $0.13 per unit (the "Units"). Subject to approval by the TSX Venture Exchange, the Units will be issued pursuant to applicable prospectus and registration exemptions and will be subject to a four-month hold period.

Each Unit is comprised of one common share and one common share purchase warrant of the Company. Each share purchase warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.17 per share for a period of two years after issuance.

The Company will pay, where appropriate, a cash finder's fee of 8% in connection with the placement and issue finder's fee warrants equal up to 8% of the total number of Units issued under the offering. Each finder's fee warrant will entitle the holder to subscribe for Units of the Company at an exercise price of $0.13 for a period of two years after issuance.

The Company intends to utilize the proceeds from the private placement for ongoing exploration and well testing in the Celtic Sea Oil & Gas Exploration License pursuant to the Joint Operating Agreement ("JOA") entered into with its Celtic Sea consortium partners, as previously announced on July 5, 2007, as well as for general working capital purposes.

About the Company
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:

Robert Kramberger,
V-P, Investor Relations
1-866-666-3040
rkramberger@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.