NEWS RELEASE

Pemberton signs letter of intent on a 160 acre lease extension.

October 29, 2007 Calgary, Alberta, (TSX.V:PBT, FSE :P5W)

Pemberton Energy Ltd. (Pemberton) wishes to announce that the Company has entered into a letter of intent for a  lease extension on  subsurface mineral rights from surface to basement on a 160 acre parcel in the Peace River Arch Area.  Previous lease agreement has a November 2, 2007 expiration date. Pemberton will retain a 75% beneficial interest over a term of 2 years. The Company will assume 100% of the drilling and completion costs of the well, inclusive of all operating, processing, transportation and production costs.  This land is part of the recently shot 3D seismic program.

Pemberton Energy’s Ltd. 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 additional information please contact the Company at 604-269-9801 or info@pembertonenergy.ca

On Behalf of Pemberton Energy Ltd.

“Miroslava Antonuk”
___________________________
Miroslava Antonuk Director

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