Forest Gate Discovers New Anomaly at California Lake

March 9, 2004 - Montreal, Qc. - Forest Gate Resources Inc. has discovered a new anomaly, possibly indicative of sulphide mineralization, on its California Lake silver property near Bathurst, New Brunswick. A recent geophysical survey of California Lake sought to better define a known electromagnetic (EM) anomaly for drill testing. Using induced polarization (I.P.), the survey successfully defined the known anomaly and also identified a previously unknown zone running parallel to the known anomaly.

The new zone is almost twice as wide (100 metres) and shows approximately the same chargeability strength as the known zone. The new zone extends over 800 metres of strike length. In simple terms, I.P. surveys shoot charges of electricity into subsurface rock. Massive sulphide rock typically holds a charge well and enables the charge to pass through it more quickly than non-mineralized rock. Both anomalies responded with high chargeability and low resistivity. The new anomaly is parallel to and immediately north of the known anomaly and the silver breccia zone. The company plans to test both anomalies as soon as it can mobilize drilling rigs, which incidentally, have been in extremely short supply thanks to a flurry of new exploration activity in the Bathurst Camp.

Immediately following drilling of California Lake, Forest Gate will also drill its Rio Road gold property, where recent I.P. surveys have further defined anomalies.

In other news, approximately 500 kilograms of kimberlite taken from the company's Dizzy Kimberlite body in Fort a la Corne, Saskatchewan is in line for processing or is presently being processed. Half of the core was sent to Kennecott's lab in Thunder Bay, Ontario and the other half to the SGS Lakefield Lab in Lakefield, Ontario. Results are expected by the end of March.