Forest Gate Hires New CFO

    




 Symbol & exchange: FGE-V 

 CALGARY, April 20, 2012 /CNW Telbec/ - Forest Gate  reports  that Nancy Guitard has taken over as the company's Chief Financial  Officer. Derek Lindsay, Forest Gate's former CFO, has resigned. 

 Ms. Guitard has been handling Forest Gate's accounting since 2004. Ms.  Guitard also worked in the accounting department of Blue Note Mining, a  former subsidiary of the company. 

 Ms. Guitard is a founder of Ledgers Solutions Inc., Montreal, an  accounting consultancy and Finger Communications, a printing brokerage. 

 "Ms. Guitard has been with Forest Gate since the beginning," said  Michael Judson, President and CEO. "She is exceedingly experienced in  the accounting side of our business and is highly versed at dealing  with auditors." 

 Derek Lindsay has resigned to pursue other opportunities. "Derek is a  great guy and a highly competent CFO. We will miss him." 

 In other news, Forest Gate wishes to report that its mineral exploration  group continues to make progress in its search for financing and joint  venture partners for its 100 percent-owned iron ore projects in  Abitibi, Quebec. 

 About Forest Gate 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. 

FOREST GATE ENERGY INC.


CONTACT:  MICHAEL JUDSON, PRESIDENT & [e-mail] 


    

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