Forest Gate Closes $1,000,000 Flow-Through Financing

June 13, 2006 - Montreal, QC - Forest Gate Resources Inc. is pleased to announce that it has successfully closed its previously announced (May 29, 2006) non-brokered, flow-through private placement in the amount of $1,000,000.

The company raised $1,039,375 by issuing 3,407,786 flow-through shares at $0.305 per share.

The certificates for the 3,407,786 flow-through shares bear a legend confirming that they cannot be traded until October 6, 2006.

The gross proceeds of the flow-through financing will be used to further develop the company's Canadian diamond exploration projects.

In other news, Mr. Robert Kramberger has been appointed Vice-President, Investor Relations; he had previously been Vice-President, Shareholder Relations & Corporate Marketing. His new title reflects his expanded responsibilities for the capital markets side of Forest Gate's business.