Forest Gate Appoints New Director - TSX Approves Pershing Gold Property
Acquisition

Symbol & exchange: FGE-V

MONTREAL, Oct. 5 /CNW Telbec/ - Forest Gate Energy Inc. reports it has appointed Brian Weihs as a Director of the company.

Mr. Weihs is the Consultancy Projects Manager for Latin America of Control Risks. Control Risks is a London, U.K. based global consultancy focused on assisting clients to assess, manage and mitigate risks related to reputation, integrity, security and political risk. Control Risks operates 27 offices around the world and its clients include major and mid-sized oil and gas, oil services and mining companies. Mr. Weihs has been with Control Risks since 2004.

"Brian brings a significant amount of international business experience and risk management experience to Forest Gate," said Michael Judson, Forest Gate's President and Chief Executive Officer. "He has an extensive contact base in the natural resources sector worldwide."

Prior to joining Control Risks, Mr. Weihs was based in Rio de Janeiro, Brazil, where he was Legal and Commercial Manager of the Brazilian subsidiaries of WMC Resources Ltd. In 2005, when acquired by BHP Billiton, Australian-based WMC Resources was one of the largest mining companies in the world.

Mr. Weihs was also Legal and Commercial Manager of WMC's Pinares Project in Cuba, based in Havana and Toronto. Mr. Weihs worked for WMC from 1998 to 2003. Before joining WMC, Mr. Weihs worked for several years with Scotiabank in corporate banking in Buenos Aires and Toronto.

Mr. Weihs speaks English, French, Spanish and Portuguese fluently and holds a Masters in Business Administration and Degrees in both Canadian and US Law.

In other news, the TSX Venture Exchange has approved Forest Gate's Purchase Agreement (announced in the company's September 2, 2010 news release) to acquire the Pershing gold property located near Val D'Or, Quebec. Pershing is a gold exploration property consisting of 252 contiguous, unpatented mining claims. With the closing of the purchase, Forest Gate has a 100 percent interest in the Pershing property.

Details on the Pershing Property, including maps, are now available on Forest Gate's website: www.forestgate.ca.

About Forest Gate Energy

Forest Gate Energy Inc. is a publicly listed oil and gas exploration and production, and non-energy resource company trading on the TSX Venture Exchange under the symbol FGE. The Company is seeking to increase shareholder value through participation and development of energy and other resources in Canada and internationally.

FORWARD-LOOKING STATEMENTS

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.

For further information: Robert Kramberger, V-P, Investor Relations, 1-866-666-3040, [email protected]; www.forestgate.ca