Pemberton signs a letter of intent on another potential hydrocarbon multi horizon geologic section.

February 28, 2007 Calgary, Alberta, (TSX.V:PBT, FSE :P5W)  
Pemberton Energy Ltd. is  pleased to announce that it has signed a letter of intent on a 160 acre parcel to lease the subsurface mineral rights from basement to surface in the Gage area of Peace River Arch.  This parcel is contiguous to one of the sections that Pemberton has a current land lease agreement on.  Pemberton has purchased 2D data on this quarter section that shows a shallow gas target.

After reviewing the 2D on this land parcel in July of 2006, Pemberton’s geological and geophysical team has strongly advised that management pursue this acquisition. Outlined in the report the main zones of hydrocarbon potential are the lower Cretaceous Notikewan, Falher and Gething formations. These sandstones are at approximately 600m to 1200m in depth. The Triassic sediments from approximately 1100m to 1400m depth (the Montney carbonates and sands, the Charlie Lake carbonates and the Halfway sand) all have hydrocarbon potential.  This new acquisition has been added to the Company’s upcoming 3D seismic program to asses the reservoir potential as well as to explore the deeper formations such as Granite Wash sands that underlie these mentioned above formations and drape over Precambrian basement highs.

Management is excited that it has now completed negotiations on leasing this land parcel and anticipates a binding land lease agreement to be signed within the next 30 days.

Pemberton Energy Ltd. will retain 75% beneficial interest over a term of 3 years.  The Company will assume 100 % of the drilling and completion costs of the well, inclusive of all operating, processing, transportation and production costs, crown royalties and any other costs associated with development pertaining to the well.  

Pemberton Energy’s principal business is the acquisition, exploration and development of petroleum properties. The company continues to focus on its primary corporate objective: the creation of value for shareholders by identifying oil and gas accumulations with relatively low geological risk but with substantial reserve potential.

For further information on Pemberton Energy Ltd. please contact 604-269-9801.

On Behalf of Pemberton Energy Ltd.

“Miroslava Antoniouk”
___________________________
Ms. Miroslava Antoniouk, Director

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

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