Forest Gate Announces Hook Head Drilling Results

Montreal, QC – August 27, 2008 - Forest Gate Resources Inc. (the "Company") announces today that they and their Celtic Sea consortium partners have concluded the appraisal drilling operation on the north-west flank of the Hook Head oil discovery in Standard Exploration Licence 2/07 in the North Celtic Sea Basin, offshore southern Ireland.

The Hook Head appraisal well (50/11-4) was drilled on the north-west flank of the Hook Head structure using the Transocean semi-submersible GSF Arctic II rig and was spudded on August 5th, 2008. The partners are now preparing to commence drilling operations on their nearby Dunmore oil discovery.

The well was successfully drilled to a total depth (TD) of 4,875 feet true vertical depth subsea (TVDSS). All geological horizons in the Wealden sand package were within the pre-drill depth prognosis and oil and gas shows were encountered whilst drilling. The well encountered 30 feet of net hydrocarbon bearing Lower Cretaceous sands above the primary objective, which is of an equivalent age to those logged as being hydrocarbon bearing in the 50/11-3 well, located c. 2.3 km to the south-east. Reservoir quality across these intervals was excellent with average porosities of c. 27%.

This well constitutes the fourth well to be drilled on the Hook Head structure, all of which have logged hydrocarbons. However, given that the net hydrocarbon bearing intervals in the 50/11-4 well were substantially less than that which was expected in the pre-drill estimates, the partners took the decision to plug and abandon the 50/11-4 well.

The initial well results suggest that the majority of the Hook Head resource lies in the central part of the structure already demonstrated by the 50/11-1 and 50/11-3 wells, however, the north-west flank could potentially provide additional incremental resources for any future development in the area.

The 50/11-4 well results will now be integrated into the Hook Head full field model before finalizing forward plans for the accumulation. In the meantime, and as per program, the partners have now started the process to move off Hook Head and mobilize the Arctic II drilling unit to the Dunmore oil appraisal well (50/6-D), located approximately 20 kilometers to the north of Hook Head. Drilling on Dunmore is expected to commence within 10 days.

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