News Release

June 21, 2006 Calgary, Alberta, (TSX.V:PBT, FSE :P5W)  Pemberton Energy Ltd. wishes to announce that the private placement announced on April 21, 2006 and accepted for filing by TSX on June 14, 2006 has closed. Pemberton Energy Ltd. has issued 588,144 units at $0.70 per unit consisting of one share and one share purchase warrant entitling the holder to purchase an additional share for a period of two years at $0.85 per share.  Finder's fee:  $1,249.99 payable to Canaccord Capital Corp. In respect of any shares issued or issuable pursuant to the foregoing securities, a hold period with an expiry date of October 16, 2006 applies.

Pemberton Energy Ltd would also like to remind its shareholders that the date for the Company’s Annual General Meeting has been changed from June 23, 2006 to July 28, 2006. Notice of meeting regarding date change for the AGM was filed on Sedar on May 26, 2006.

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”

___________________________

Miroslava Antoniouk, Director

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

TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS HEREIN