Pemberton hires Integrated Geophysical for 3-D 01/17/2007

Pemberton Energy Ltd (“Pemberton”) is pleased to announce that it  has engaged the services of Integrated Geophysical Consultants Ltd. for the 3-D seismic program to manage this program through to completion.  The Company has commenced the permitting process with land surface right owners on the Pemberton’s Peace River Arch property. The Company expects the permitting process to be completed within the next two weeks.

On receipt of the requisite permits, Pemberton will begin surveying the property in order to begin a 3D seismic shoot of the property. The Company has advanced funds for permitting, land owner permitting fees and surveying. 

Upon completion of the 3D seismic shoot, the Company’s geological and geophysical team will review the seismic and pick multiple drilling targets.  Pemberton has secured a drilling rig with JMAC Drilling Ltd. (www.jmacdrilling.com) and Pemberton expects to begin drilling as soon as the targets are prioritized and selected.

Pemberton is  also pleased to announce that further to the news release dated June 1, 2006 the Company has now signed binding Petroleum and Natural Gas Lease and Grant Agreements to lease the subsurface mineral rights in the Peace River Arch Area from surface to basement. Pemberton will retain 82% beneficial interest over a term of 3 years on 320 acres. These mineral right leases have been paid in full in accordance to the lease agreement terms .The Company will assume 100% of the drilling and completion costs of the well, inclusive of all operating, processing, transportation and production costs.  This property acquisition is in the immediate vicinity of Pemberton’s key holdings in the Peace River Arch Area.   This acquisition gives Pemberton a sizable land position in a very productive region of the Peace River Arch.

Company President Richard Saxon states, “We are very pleased to have negotiated the surface rights access and to have begun the permitting process. The Directors recently visited the Peace River Arch properties and met with the landowners and the surveyors and drilling contractors. The Company was very impressed with the amount of drilling activity in the immediate area and we are looking forward to begin our work programs. I feel that management has also done a terrific job of negotiating favorable rates for the survey and 3D seismic shoot. In addition, we are very pleased to have secured the services of Integrated Geophysical Consultants Ltd and JMAC Drilling Ltd. as they have the technical expertise and experience in the area to ensure a very professional seismic and drilling program.”

On Behalf of Pemberton Energy Ltd.

“Miroslava Antoniouk”

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Ms. Miroslava Antoniouk, Director

For additional information please contact the Company at 604-269-9801 or info@pembertonenergy.ca

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