Forest Gate Resources Inc. reports that, in accordance with the Joint Operating Agreement ("JOA") dated June 29, 2007, it has remedied the Notice of Default pertaining to its September 17, 2007 cash call from Operator, Providence Resources Plc.

Forest Gate Resources Inc. is pleased to announce that it has closed the second and final tranche of its proposed $3 million non-brokered private placement which was announced in a news release dated September 14, 2007.

Forest Gate Resources Inc., together with its Celtic Sea partners, reports that the appraisal well 50/11-3 on its Hook Head field shows a significant oil accumulation and a high quality reservoir.

Forest Gate Resources Inc. reports that, in accordance with the Joint Operating Agreement ("JOA") dated June 29, 2007, it has been issued a Notice of Default for inability to pay its September 17, 2007 cash call within a specified period of time from Operator, Providence Resources Plc.

Forest Gate Resources Inc. is pleased to announce that it has closed the first tranche of its non-brokered private placement which was announced in a news release dated September 14, 2007.