NEWS RELEASE - 11/16/06

Pemberton reduces upcoming winter 3D seismic program cost by 70% through new business partnerships.
                                                                                   
Calgary, Alberta, (TSX.V:PBT, FSE :P5W)  Pemberton Energy Ltd wishes to announce the following corporate update, which includes a revised 70% decrease to previously anticipated expenditure due to concluding recent negotiations and ventures pertaining to its ongoing 3D seismic project in the Peace River Arch holding.

The Company has reviewed and concluded its geological and geophysical surveys with its respected teams and experts. Our reports have lead to indicate that the producing shallow Cretaceous, Notikewan formation pool to the north could continue southwards into our current property.

Pemberton’s geological and geophysical team have also interpreted findings found within the Triassic, Montney, and Devonian Granite Wash formations and have come to a conclusion, based on the results found from all formations surveyed, that a 3D seismic survey is the next necessary step in the development of the property. Geological and geophysical reports also indicate a strong lead of a structural high which has the potential to correspond to a significant bump or confirmed anomalies.

In order to efficiently convert our seismic leads into viable, drillable anomalies a 3D seismic assessment of the subsurface floor is necessary. Doing so will enable the Company to pool resources from prior sonic and density logs to construct a better understanding of the surrounding area with the aid of a 3 dimensional perspective furthering our confidence of known structural traps and anomalies in the area. In order to fully utilize the results of the 3D for implementation of multi-horizon plays within the 600-2220m levels, sufficient offsets on the surface level are essential in order to allow a geophysical correct elucidation of lower depth activity.

Pemberton’s primary geological time line will allow for the comprehensive interpretation of surrounding formations both on the vertical and horizontal level. This will further our ability to mutually map isochrone and thickness isopach, giving way to the imaging of potential hydro carbon traps on a 3 dimensional level in order to achieve a well target that allows for the highest up dip position.

President Richard Saxon comments:

“The board is very pleased with the direction Pemberton has moved over the previous few weeks and looks forward to further growth and success of this ever changing sector over the subsequent months. With our push to  have our seismic program underway during the coming quarter we feel confident in our decision to lower projected expenditure by initiating seismic during a period of time in which surrounding crops are in hiatus. With a continual business focus on developing our assets it excites me to further announce new partnerships and alliances both on the ground and on site. The coming months look to be some of the most prolific and exciting times we have seen to date.”

Management is eager to continue with growth that this sector has seen, and looks forward to setting and achieving new benchmarks that will not only richen company values and assets but also push to achieve shareholder value in what is looking to be an eventful quarter.

Pemberton Energy Ltd.

“Miroslava Antoniouk”
__________________________
 Ms. Miroslava Antoniouk, Director

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