Forest Gate Names New Directors

Forest Gate has announced the appointment of Messrs. Vic Alboini, Richard Pinkerton and Jean Mayer as directors of the Corporation in replacement of Messrs. Peter D. Watson, Gordon Ulrich and Sir Nicholas Bonsor.

Vic Alboini is Chairman, President and Chief Executive Officer of Northern Financial Corporation. Richard Pinkerton is Managing Director and Head of Capital Markets at Northern Securities Inc. Jean Mayer is Vice-President, Legal & Corporate Affairs and Corporate Secretary of Blue Note Mining Inc. Michael Judson, the Corporation's President and Chief Executive Officer, remains on the Corporation's board of directors and was appointed as its new Chairman.

The Former Directors decided to step aside following their resignations as directors of Blue Note Mining Inc. The Corporation thanks the Former Directors for their dedication to the well-being of the Corporation.