DGAP-News

FIRST NEWGATE PETROLEUM RESOURCES CORP LTD COMPANY UPDATE - Seite 2

Resources Corp. Ltd. is consistently developing oil and gas prospects that
have a solid geological foundation. We have assembled a team of regional
experts to evaluate our projects from inception to completion. By taking
advantage of technological innovations, we are strategically recovering
domestic oil and gas reserves.

H.B. Andrews CEO

Cautionary Note Regarding Forward-looking Statements

Certain statements contained in this news release may constitute
forward-looking information, within the meaning of Frankfurt Securities
laws. Forward-looking information may relate to this news release and other
matters identified in the Company´s public filings, Forward-looking
information and anticipated events or results and can be identified by
terminology such as ´may´, ´will´, ´could´, ´should´, ´expect´, ´plan´,
´anticipate´, ´believe´, ´intend´, ´estimate´, ´projects´, ´predict´,
´potential´, ´continue´ or other similar expressions concerning matters
that are not historical facts and include, but are not limited in any
manner to, those with respect to capital and operating expenditures,
economic conditions, availability of sufficient financing, receipt of
approvals, satisfaction of closing conditions and any and all other timing,
development, operational, financial, economic, legal, regulatory and/or
political factors that may influence future events or conditions. Such
forward-looking statements are based on a number of material factors and
assumptions, including, but not limited in any manner, those disclosed in
any other public filings of the Company, and include the ultimate
availability and final receipt of required approvals, sufficient working
capital for development and operations, access to adequate services and
supplies, availability of markets for products, commodity prices, foreign
currency exchange rates, interest rates, access to capital markets and
other sources of financing and associated cost of funds, availability of a
qualified work force, availability of manufacturing equipment, no material
changes to the tax and regulatory regime and the ultimate ability execute
its business plan on economically favourable terms. While we consider these
assumptions to be reasonable based on information currently available to
us, they may prove to be incorrect. Actual results may vary from such
forward-looking information for a variety of reasons, including but not
limited to risks and uncertainties disclosed in other Company filings and
other unforeseen events or circumstances. Other than as required by law,
the Company does not intend, or undertake any obligation to update any
forward looking information to reflect, among other things, new information
or future events.

Neither the Frankfurt Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.

For more information on the Company please go to our website at
www.firstnewgatepetro.com

Or contact the company at [e-mail]

End of Corporate News

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10.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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141865 10.10.2011