08/10/2005- Finds 121 Kimberlite Pipe Extends

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Forest Gate Finds 121 Kimberlite Pipe Extends onto its Property (cnw)

MONTREAL, Aug. 10 /CNW/ - Forest Gate Resources Inc. reports that drill hole FG05-29 of its ongoing 2005 exploration drill program has intersected 22.7 metres of kimberlite along the eastern flank of the 121 Kimberlite. The vertical hole was collared about 50 metres east of the boundary that separates the DeBeers/Kensington 121 Kimberlite pipe from Forest Gate Resource's East Side property.

In total, three HQ size drill holes (64mm diameter) were attempted, however two were lost in the glacial till about 90 metres down-hole due to drilling difficulties. The third drill hole, FG05-29, collared 100m north of the two failed holes, intersected kimberlite at 143.3 metres down-hole and exited the kimberlite body at 166.0 metres.

"I'm very pleased," said Steve Roebuck, Vice President of Exploration. "We were following up on work originally done by Rhonda Mining in 1993 that suggested we might find meter-scale beds of kimberlite. To find a continuous kimberlite intercept of over 20 metres is a great boost and well worth the effort."

The 121 Kimberlite pipe, owned by the DeBeers/Kensington joint venture, is one of several diamondiferous kimberlite pipes that are currently under review by the companies. In 2004, as part of their program to gain information and provide samples for geological models and initial grade estimates, the 121 Kimberlite was the target of five HQ sized core holes that cut kimberlite with intercepts ranging from 177.50 metres to 32.3 metres. To date, no diamond information on the 121 Kimberlite has been released.

"Our 20-metre-plus kimberlite intercept, backed up by geophysics, suggests that we are on the periphery of the 121 pipe. It looks like a large pipe, and we may have a significant portion of its eastern flank," states Roebuck. "If 121 ever makes it to the mine planning stage, Forest Gate will be well placed to be a player in the process."

Initial core logging of the hole suggests several different phases of kimberlite were intersected including a complex resedimented upper unit and a garnet-rich xenolithic unit further down-hole. Forest Gate Resources plans to sample the hole for micro-diamonds, with analysis to be conducted at the SGS Lakefield Lab in Lakefield, Ontario.

This latest success for the 2005 exploration program comes after last week's announcement by Forest Gate that all nine holes drilled on the Dizzy pipe intersected kimberlite, including three drill holes with intercepts of over 110 metres.

For more information on the 2005 drill program please visit the geology section at www.forestgate.ca to view FAQs answered by Steve Roebuck.

Ralph Newson, P.Eng., P.Geo and Qualified Person has edited and reviewed the technical information contained in this press release.

Forest Gate is a publicly traded mineral exploration company with diamond properties in Saskatchewan and precious and base metal properties in New Brunswick. The company's shares and warrants trade under the symbol FGT on the TSX Venture Exchange.

Forward-Looking Statements

This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.

The TSX Venture Exchange has not reviewed nor does it accept

responsibility for the adequacy or accuracy of this news release.

For further information: Robert Kramberger, Investor Relations, Forest Gate Resources Inc., [phone], [e-mail], www.forestgate.ca OR Trevor Burns, President, Tiger Capital Corporation, Toronto, Ontario, [phone], [e-mail]