Debt Settlement

April 4, 2007                                                                                                               PBT

Pemberton Energy Ltd. (the “Company”), wishes to advise that a settlement by way of 885,085 shares at a deemed price of $0.26 per common share and 701,816 share purchase warrant with an exercise price of $0.50 for a one year period and $0.55 for the second year has been completed, and such shares are subject to a hold period expiring on July 20, 2007.
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.

On Behalf of Pemberton Energy Ltd.

Miroslava (Antonuk) Antoniouk
___________________________
Ms. Miroslava (Antonuk) Antoniouk, Director

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

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