A novel method for fabricating dual-wavelength fiber Bragg gratings (FBGs) by using one phase mask is developed. The method is based on a double-exposure technique. Our technique lends itself to writing gratings with controllable reflectivity and separation of two Bragg wavelengths. A grating with two equal transmission peaks of 20.25 dB is obtained by this method and the separation of the two Bragg wavelengths is about 0.8 nm. With the grating, we demonstrate a dual-wavelength erbium-doped fiber ring laser whose interval of the two peaks is 0.8 nm. The laser's peak powers can get 3.1 mW above and have a good stability.