Private Placement Update

December 28, 2007                                                                                                               PBT

Pemberton Energy Ltd. (Pemberton) wishes to announce that further to the news released by the TSX Venture Exchange on December 28, 2007 regarding acceptance for filing of the $260,000.00 of the flow through private placement funds is only applicable to the 2007 tax year and the remainder of the financing will be applicable to the 2008 tax year. Pemberton is in the process of completing the remainder of its flow through and non flow through financing.

The Company also wishes to announce that further to the October 29, 2007 news release Pemberton has now signed binding Petroleum and Natural Gas Lease and Grant Agreement to lease the subsurface mineral rights from surface to basement on a 160 acre parcel in the Peace River Arch Area. 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.

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
___________________________
Ms. Miroslava (Antonuk) Antoniouk, Director

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