For Immediate Release

Forest Gate Energy Inc.
Symbol & Exchange: FGE-V

Forest Gate Commences Work on New Oil and Gas Target

Montreal, QC - December 18, 2007 - Forest Gate Resources Inc. reports the drilling of a single well on a potential oil and gas target with partner Emerald Bay Energy Inc., Calgary. This represents the second joint venture signed this year with Emerald Bay.

The Ferrybank property, which potentially hosts hydrocarbons, either oil or gas, in Glauconitic and Cardium formations, is located approximately 40 miles South of Edmonton, Alberta.

Drilling operations have commenced at Ferrybank on a Glauconitic test well in section 23-45-26 W4. This directional well will be drilled to an approximate total vertical depth of 1470 meters, and drilling time is estimated to be 8 days. This well has multi-zone potential that includes the Belly River, Cardium, and Glauconitic formations.

The well directly offsets 2 highly productive wells. To the Northwest, a Cardium well drilled in 1999, after clean-up, had an initial production rate over 3.5 million standard cubic feet per day. To the Southeast, a Glauconitic well drilled in 2006 had an initial production rate over 1.2 million standard cubic feet per day*.

"Ferrybank and Nevis both fit in with our plan of bolting on low-risk Canadian production, while we continue our focus on higher impact international plays," said Michael Judson, President and CEO of Forest Gate.

Forest Gate holds a 37.5% interest in the Ferrybank property before payout and an 18.75% interest after payout, subject to gross overriding royalties.

*Initial production rates are quoted from Accumap, a geological program used throughout the Alberta industry, http://energy.ihs.com/Products/Accumap/index.htm

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.