Gateway Oil & Gas, Inc.

Gateway Resources Ltd. has increased its credit via Gateway Oil & Gas, Inc. to Gateway Resources U.S.A., Inc. to $10,400 US.  The objective of providing in-house financing is proceeding ahead and with time will allow me to shift loans from external institutions to internal loans.  We earned $543 in interest during the 07-08 year and said funds were reinvested into additional loans to Gateway Resources USA.