Forest Gate Energy Inc.
Symbol & Exchange: FGE-V
Forest Gate Appoints New Directors
Montreal, Quebec, November 20, 2008 - Forest Gate Resources Inc. (the "Corporation") announces the appointment today of Messrs. Vic Alboini, Richard Pinkerton and Jean Mayer as directors of the Corporation in replacement of Messrs. Peter D. Watson, Gordon Ulrich and Sir Nicholas Bonsor (the "Former Directors").
Vic Alboini is Chairman, President and Chief Executive Officer of Northern Financial Corporation. Richard Pinkerton is Managing Director and Head of Capital Markets at Northern Securities Inc. Jean Mayer is Vice-President, Legal & Corporate Affairs and Corporate Secretary of Blue Note Mining Inc. Michael Judson, the Corporation's President and Chief Executive Officer, remains on the Corporation's board of directors and was appointed as its new Chairman.
The Former Directors decided to step aside following their resignations as directors of Blue Note Mining Inc. The Corporation thanks the Former Directors for their dedication to the well-being of the Corporation.
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
About Forward-Looking Information and 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.
