NEWS RELEASE

June 1, 2006 Calgary, Alberta, (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd. is pleased to announce that it has entered into 2 letters of intent to lease the subsurface mineral rights from basement to surface. 

First letter of intent is to lease the subsurface mineral rights from basement to surface on a 50% undivided interest of a 507 acres parcel.  Pemberton Energy Ltd. will retain 75% beneficial interest of the 50% undivided interest over a term of 3 years.  This property acquisition is situated west and contiguous to Pemberton’s key Peace River Arch property. On April 19, 2006 the Company announced results of the 2D seismic interpretation, which outlined multiple potential targets in a proven multi-horizon play area, with hydrocarbon potential from basement to surface. The Company will assume 100% of the drilling and completion costs of the well, inclusive of all operating, processing, transportation and production costs. 

In the second letter of intent, Pemberton Energy Ltd. will retain 82% beneficial interest over a term of 3 years on 320 acres, subject to review of seismic trade data in the area. 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.

Director Ms. Miroslava Antoniouk states:  “These are key acquisition for Pemberton Energy Ltd, as they give the Company a greater land position surrounding the Company’s current targets.  In addition it will secure a greater footprint for the Company’s upcoming 3D seismic shoot.  The Company is currently reviewing recently purchased 2 D seismic, going through permitting and reviewing current 3D budget”

Pemberton Energy Ltd’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.

These letters of intent are subject to approval by the TSX Venture Exchange.

Pemberton Energy Ltd.

“Miroslava Antoniouk”

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 Ms. Miroslava Antoniouk, Director