Forest Gate Resources Inc. (the "Company") announces today that it will be undertaking a non-brokered private placement whereby the Company intends to raise up to $3,000,000 at a price of $0.13 per unit (the "Units").

Forest Gate Resources Inc., together with its Celtic Sea Partners, is pleased to announce that it has been granted a Licensing Option, 07/1, over part-blocks 49/15, 50/7, 8, 11, 12 & 13 in the North Celtic Sea Basin, offshore Ireland by the Minister of Communications, Energy and Natural Resources.

Forest Gate Resources Inc, together with its partners is pleased to announce that it has successfully logged a total of 75 feet of net hydrocarbon-bearing reservoir in the 50/11-3 Hook Head appraisal well, offshore Ireland.

Forest Gate Resources Inc. today announced that it has commenced drilling on its Hook Head appraisal well, located in Standard Exploration Licence 2/07 in the North Celtic Sea Basin.

Forest Gate Resources Inc. announced today that the company and its Celtic Sea consortium partners, lead by Providence Resources Plc, have taken delivery of the Petrolia semi-submersible drilling rig from Island Oil and Gas Plc in anticipation of their upcoming appraisal drilling program at the Hook Head prospect in the Celtic Sea.