Forest Gate reports that the prospective natural gas well in Township 43, Range 18 at Kelsey, Alberta was recently drilled, logged, and cased. The logs and geological data support the original optimism and show good potential for natural gas. Perforation and testing operations are scheduled to commence August 22nd.

Forest Gate Resources Inc. and its Celtic Sea partners announce that they have commenced drilling their first well in a multi-well drilling program in Standard Exploration License 2/07 in the North Celtic Sea Basin, offshore Ireland.

Forest Gate Resources Inc. reports that it has received a second Notice of Default concerning its Celtic Sea project for its failure to pay a second cash call within a specified period of time in accordance with the Celtic Sea Joint Operating Agreement ("JOA") dated June 29, 2007.

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 from the Operator for its failure to pay its June 3, 2008 cash call within a specified period of time.

Forest Gate Resources Inc. announced today that it has completed its second closing of the amended brokered private placement announced May 29, 2008 and has issued 1,378,112 Flow-Through Units at a price of $0.09 per Flow-Through Unit, and 850,000 Units at a price of $0.07 per Unit, for total gross proceeds of $183,530.08.