Forest Gate Name Change and Consolidation to Take Effect

    Shares outstanding: 142 Million
    Symbol & exchange: FGT-V

    MONTREAL, June 29 /CNW Telbec/ - Forest Gate Resources Inc. ("Forest
Gate") 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,
    Concurrently with the mailing of the information circular in regards to
the above-mentioned shareholders' meeting, Forest Gate sent a letter of
transmittal to its registered shareholders indicating the procedure to follow
in order to exchange their current share certificates for new
post-consolidation share certificates. Shareholders should follow the
procedure outlined in that letter to receive their new share certificates.
Additional copies of the letter may be obtained by contacting CIBC Mellon
Trust Company by phone at 1-800-387-0825 or, in Toronto, at 1-416-643-5500 or
by email at

    About Forest Gate Resources

    Forest Gate Resources is an international oil & gas exploration and
production company. It is seeking to increase shareholder value through
participation and development of oil & gas exploration and production projects
in Canada and internationally.


    Certain statements regarding Forest Gate, including management's
assessments of future plans and operations and Forest Gate's anticipated
financial performance, may constitute forward-looking statements under
applicable securities laws and necessarily involve known and unknown risks and
uncertainties, most of which are beyond Forest Gate's control. These risks may
cause actual financial and operating results, performance, levels of activity
and achievements to differ materially from those expressed in, or implied by,
such forward-looking statements.
    Such factors include, but are not limited to: the impact of general
economic conditions in Canada and the United States; industry conditions
including changes in laws and regulations including adoption of new
environmental laws and regulations, and changes in how they are interpreted
and enforced; competition; the lack of availability of qualified personnel;
fluctuations in commodity prices; the results of exploration and development
drilling and related activities; imprecision in reserve estimates; the
production and growth potential of Forest Gate's various assets; fluctuations
in foreign exchange or interest rates; the ability to access sufficient
capital from internal and external sources; and obtaining required approvals
of regulatory authorities.

    Neither TSX Venture Exchange nor its Regulation Service Provider (as that
    term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or the accuracy of this release. This
    transaction is subject to TSX Venture Exchange Approval.

For further information:

For further information: Robert Kramberger, V-P, Investor Relations,

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Forest Gate Energy Inc.

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