For Immediate Release

Forest Gate Energy Inc.
Symbol & Exchange: FGE-V

Forest Gate Recovers 118 Diamonds from the 121 Kimberlite Pipe

MONTREAL, QC. NOVEMBER 27, 2006 – Forest Gate Resources Inc. reports that it has recovered 118 diamonds from two three-inch diameter drill holes targeting its portion of the 121 Kimberlite pipe located on its East Side Property near Prince Albert, Saskatchewan. The 121 Kimberlite pipe spills eastward across the shared boundary with Shore Gold on the eastern flank of the massive Fort a la Corne diamond field.

The 118 diamond tally also includes 10 macrodiamonds, stones with two faces greater than 0.5 millimetres, with the largest measuring 1.91 mm x 1.20 mm x 0.68 mm. Eighty seven of the 118 diamonds are coloured white while one is coloured yellow. The 118 diamonds came from 216.7 kilograms of split core that was sent to SGS Lakefield of Lakefield, Ontario for microdiamond analysis. The results are as follows.

Drill Hole Sample Weight (kg) Total MD Count +0.85 mm Sieve +0.600 mm Sieve +0.425 mm Sieve +0.300 mm Sieve +0.212 mm Sieve +0.150 mm Sieve +0.105 mm Sieve
FG06-30 124.2 71 1 4 0 8 5 17 36
FG06-31 92.5 47 1 1 2 3 9 15 16
Total 216.7 118 2 5 2 11 14 32 52

The two vertical three-inch diameter drill holes, FG06-30 and FG06-31, were collared approximately 180 metres apart in the north – south direction and had kimberlite intercepts of 23.2 metres and 22.7 metres respectively.

“What I like is that we have diamondiferous kimberlite right off the top of the pipe.” said Steve Roebuck, Forest Gate’s Vice President of Exploration. “We hit kimberlite around the 140 metre depth interval and all the units sampled are diamondiferous.”

To view an updated property map please visit our website at www.forestgate.ca. If you would like to speak to us in person, please visit us at the Forest Gate Resources booth at the Saskatchewan Open House in Saskatoon from November 27 – 29, 2006.

Ralph Newson, P.Eng., P.Geo. and Qualified Person has edited and reviewed the technical information contained in this press release.