Forest Gate Energy Inc. reports that it has reached an agreement with Vanterra Energy LLC of Denver Colorado, whereby Vanterra will return to Forest Gate 3,596,053 Forest Gate common shares, 4,343,947 subscription receipts and 7,550,000 common share purchase warrants of Forest Gate in exchange for the 70% interest in certain oil and gas leases vended-in to the company in late 2009 and in January of this year.

Forest Gate Energy Inc. is pleased to announce the appointments of Mr. Ron Goguen and Mr. Nicholas Powell as directors of the corporation./div>