News Release
Shares outstanding: 82 Million
Symbol & exchange: FGT-V
Montreal, QC - May 8, 2007 - Forest Gate Resources announces today that it has appointed Peter Watson to its Board of Directors.
Mr. Watson holds a B.A. (Commerce) from the Royal Military College of Canada, an M.Sc. (Economics) from the London School of Economics, and a Diploma form the Executive Management Program at the Harvard Graduate School of Business.
Mr. Watson is a Corporate Director and Business Advisor with extensive experience in the roles of Chairman, President and CEO in publicly traded, private and not-for-profit corporations.
Peter Watson is Chairman of the Board for Blue Note Mining, a former subsidiary of Forest Gate.
Mr. Watson's other current positions include; Chairman of the Board of the Shumka Group, Chairman of the Willis Canada Advisory Board, and Member of the Endowment Policy Committee (Advisory Board of the Alberta Heritage Trust Fund, Alberta Heritage Fund for Medical Research and Alberta Science, and Engineering Endowment Fund).
In other news, Forest Gate announces the departure of Andre Audet from its Board of Directors. "On behalf of the Company and its board, I wish to thank Mr. Audet for his excellent service and contribution to Forest Gate Resources," says Michael Judson, President of Forest Gate.
Forest Gate Resources Inc. is an international oil & gas exploration company. The company is seeking to increase shareholder value through participation and development of oil & gas exploration and production projects in Ireland and Canada. The company's shares trade under the symbol FGT on the TSX Venture Exchange.
For more information please contact:
Robert Kramberger,
V-P, Investor Relations
Forest Gate Resources Inc.
866-666-3040
www.forestgate.ca
