Forest Gate Resources Inc. is pleased to announce that the share consolidation and name change described in its news release of June 23 will become effective at the opening of trading on June 30, 2009. On that day, Forest Gate will start trading under its new name of "Forest Gate Energy Inc." and under its new trading symbol, "FGE".

Forest Gate Resources Inc. is pleased to report that it has appointed Curtis Hartzler, P. Eng. as Vice-President of Operations and Chief Operating Officer. Mr. Hartzler has also been appointed a director of Forest Gate.

Forest Gate Resources Inc. is pleased to announce the following re-appointments to its Board of Directors of Messrs. Michael C. Judson, Jean Mayer, Ed Ierfino and Robert Kramberger at the Annual and Special Meeting of Shareholders held in Montreal on June 23, 2009.

Forest Gate Resources Inc. reports that co-owners of a non-core asset have recovered a 7.99 carat diamond from their K122 Pipe portion in the Taurus kimberlite cluster located near Prince Albert, Saskatchewan (Shore Gold News Release, June 4, 2009).

Forest Gate Resources Inc. reports that, following further due diligence, it has terminated its agreement with Angus Energy LLP, as disclosed in a news release dated May 12, 2009.