Forest Gate Energy Inc.
Symbol & Exchange: FGE-V
Forest Gate Hires Mineral Geologist
Montreal, Quebec, October 20, 2010 – Forest Gate Energy Inc. reports that it has hired Edward L. Procyshyn to manage and supervise its mineral exploration projects.
Mr. Procyshyn will be responsible for developing the exploration program for Forest Gate's 100%-owned Pershing Gold property located near Val d'Or, Quebec. Mr. Procyshyn is an Officer and qualified person for Forest Gate.
Mr. Procyshyn has worked in the Val d'Or gold camp since 1997, and was involved in previous exploration programs on the Pershing gold property between 1997 and 2003.
"Ed has a lot of experience on the Pershing Gold property, and has many ideas regarding its development," says Michael Judson, Forest Gate's Chief Executive Officer and President.
Mr. Procyshyn graduated in 1965 from the University of Manitoba with a B.Sc. Geological Engineering degree. He undertook his Ph.D. research studies at Queen's University, Kingston.
From 1979 to 1995, Mr. Procyshyn was a Professor of Geology at Concordia University and taught courses in Field Mapping, Petrology, Structural Geology, Tectonics and Economic Geology. Mr. Procyshyn left Concordia in 1995 when the University closed its geology department and formed Le Groupe GeoInfo, a mineral exploration consulting company.
Mr. Procyshyn is a registered member of the Ordre des Géologues du Quebec, pa fellow of the Geological Association of Canada and the Society of Economic Geologists, and a member of the Geological Society of America and the American Association of Petroleum Geologists.
Mr. Procyshyn has been involved in structural mapping and conducted metallogenetic and exploration studies in Nunavut, British Columbia, Val d' Or and the Appalachian region of Gaspé and New Brunswick.
Le Groupe GeoInfo has also been involved in the study and evaluation of gold, goldpolymetallic and molybdenum deposits in Armenia, skarn gold deposits in northern Spain, and placer diamond deposits in Russia. Additionally, Mr. Procyshyn has been involved in evaluating gold deposits in various parts of Kyrgyzstan and Siberian Russia.
About Forest Gate Energy
Forest Gate Energy Inc. is a publicly listed oil and gas exploration and production, and non-energy resource company trading on the TSX Venture Exchange under the symbol FGE. The Company is seeking to increase shareholder value through participation and development of energy and other resources in Canada and internationally.
For more information please contact:
Robert Kramberger,
V-P, Investor Relations
1-866-666-3040
rkramberger@forestgate.ca
www.forestgate.ca
FORWARD-LOOKING STATEMENTS
Certain statements regarding Forest Gate, including management's assessments of future plans and operations and Forest Gate's anticipated financial performance, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Forest Gate's control. These risks may cause actual financial and operating results, performance, levels of activity and achievements to differ materially from those expressed in, or implied by, such forward-looking statements.
Such factors include, but are not limited to: the impact of general economic conditions in Canada and the United States; industry conditions including changes in laws and regulations including adoption of new environmental laws and regulations, and changes in how they are interpreted and enforced; competition; the lack of availability of qualified personnel; fluctuations in commodity prices; the results of exploration and development drilling and related activities; imprecision in reserve estimates; the production and growth potential of Forest Gate's various assets; fluctuations in foreign exchange or interest rates; the ability to access sufficient capital from internal and external sources; and obtaining required approvals of regulatory authorities.
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
