Pemberton $260,000 Flow Through Only Applies to 2007 Tax Year

Pemberton Energy Ltd. has announced that the 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.