Forest Gate Energy Inc FGENF

RE: News release

[Stockkeeper88]

399. I did not have any confusion because the statement below was made first. When I read off the top that this is from a "non-compliant 43-101 report, it was pretty clear to me. The reports listed below may be dated, but they were still done. I read this news in conjunction with their video of Cuff - on the website. Check out the part near the end when they "discover" the remains of the old core. Kinda entertaining - a la Indian Jones. But seriously, what matters is what's in the ground. The review of the existing data (plus the core found), plus new work will have to be done before anyone can seriously discuss an actual 43-101 compliant estimate. And that seems to have been stated in this paragraph and the following one in the news release. As previouslydisclosed in a news release dated October 3, 2011,the property known as CuffLake has a non-43-101-compliant historical “open pit mineable reserve of20,071,000 tons of magnetite ore grading 17.4% soluble iron” (source: Expo IronLtd. report, December 13, 1971) and an additional potential resource ofapproximately 180 million tonnes of similar quality magnetite-richmineralization (source: Fenton Scott 2010 internal reports) that wasgeologically inferred on the basis of widely separated holes and magnetometerdata.