NEWS RELEASE

Pemberton signs four binding land lease agreements in the Peace River Arch Area and begins Joint Venture negotiations. 

June 22, 2006 Calgary, Alberta, (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd. is pleased to announce that further to the June 1, 2006 news release, the Company has now signed four binding Petroleum and Natural Gas Lease and Grant Agreements to lease the subsurface mineral rights from basement to surface on a 50% undivided interest of a 507 acre parcel.  Pemberton Energy Ltd. will retain 75% beneficial interest of the 50% undivided interest over a term of 2 years.  This property acquisition is situated west and contiguous to the Pemberton’s key Peace River Arch property. The Company will assume 50% of the drilling and completion costs of the well, inclusive of all operating, processing, transportation and production costs. This acquisition gives Pemberton a sizable land position in a very productive region of the Peace River Arch.

Pemberton Energy Ltd. is in negotiations on a Joint Venture with a company that holds the other 50% of the undivided interest in this 507 acre parcel. The Company will also extend its 3D seismic program to encompass its latest acquisition. Terms and conditions of this joint venture will be disseminated upon completion of these negotiations.  

Director Ms. Miroslava Antoniouk states:  “Management is pleased with its latest land acquisition and a prospect of a Joint Venture, as it gives the Company a greater land position surrounding the Company’s current targets in the Peace River Arch area and reduces financial risk associated with exploration, drilling and completion of possible targets. The Company believes that sharing costs associated with this petroleum property development will increase shareholder value. Pemberton Energy Ltd. and its management would also like to take the opportunity to thank its shareholders for their continuing support and would also like to thank its shareholders that participated in our recently completed $0.70 private placement.”

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 agreements are subject to approval by the TSX Venture Exchange.

Pemberton Energy Ltd.

 Richard Saxon

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Richard Saxon, President

TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN