Forest Gate Resources Inc., together with its partners, is pleased to announce details of the upcoming 2008 drilling program offshore Ireland. The semi-submersible drilling rig GlobalSantaFe Arctic 2 has been confirmed for a two firm plus one option well program in the North Celtic Sea Basin, offshore southern Ireland. Drilling activities are expected to commence in August 2008.

Forest Gate Resources Inc. (the "Company") announced today that it has completed its first closing of the amended brokered private placement announced May 29, 2008 and has issued 2,222,221 Flow-Through Units at a price of $0.09 per Flow-Through Unit, and 16,111,430 Units at a price of $0.07 per Unit, for total gross proceeds of $1,327,799.99.

Forest Gate Resources Inc. (the "Company") announces today that it has amended its brokered private placement agreement with Northern Securities Inc. ("Northern") whereby Northern will act as lead underwriter in a private placement of an aggregate of $1,750,000 in Flow-Through Units and Units, with a bought deal commitment provided by Northern Financial Corporation.

Forest Gate Resources Inc. announces today that it has entered into an amended brokered private placement agreement with Northern Securities Inc.

Forest Gate Resources Inc. ("Forest Gate") is pleased to announce the filing today on SEDAR of its Annual Information Form ("AIF") for the year ended December 31, 2007 with the Canadian securities regulatory authorities in Canada.