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Private Placement Update December 20, 2007 PBT Pemberton Energy Ltd. wishes to advise that it has repriced its previously announced on November 22, 2007 private placement. Under the revised terms of the financing the Company intends to raise up to $1,500,000.00, with $1,000,000 being raised through the sale of 4,000,000 flow through units (“ft units”) priced at $0.25 per ft unit, and $500,000 being raised through the sale of 2,000,000 non-flow through units (“nft units”) priced at $0.25 per nft unit. Each ft unit shall consist of one flow through share and one flow through warrant entitling the holder to purchase an additional share at $0.35 for a period of one year. Each nft unit shall consist of one non flow through share and one non flow through warrant entitling the holder to purchase an additional share at $0.35 for a period of one year. Cash or stock commission at the maximum allowable by TSX Venture Exchange amount may be payable to agents. This private placement is subject to approval by the TSX Venture Exchange. Pemberton Energy Ltd. also wishes to announce that debt settlement for shares which was accepted for filing by the TSX Venture Exchange on December 4th, 2007 has closed. Pemberton Energy has issued 945,532 shares and 904,082 warrants to settle outstanding debt of $283,630.79. Warrant Exercise price is set at $0.30 if exercised in the first year and at $0.35 if exercised in the second year. 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. On Behalf of Pemberton Energy Ltd. Miroslava (Antonuk) Antoniouk 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
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