Pemberton secures Phelps Drill Rig No. 8 to drill the first of three locations w

This drill location would test two zones, a Gething side channel complexand a Notikewin AVO gas anomaly. The Gething formation is approximately 60metres thick in this area and consists of fluvial-deltaic sands, silts andshale with a coal measures zone approximately 24 metres in thicknesscomprising the central section of the formation.

The Notikewin formation is a Lower Cretaceous clastic depositapproximately 270 metres shallower then the Gething formation in this part ofthe Western Canada sedimentary basin. The Notikewin formation is approximately65 metres thick in the Fairview area and consists of fluvial-deltaic sands,silts and shale. Immediately to the north of Pemberton's property the GageNotikewin A pool is producing gas from a structural stratigraphic trap. Cleanand very porous sands approximately 15 metres thick are found in this pool.Gas pay averages 3.5 metres over water.

Economic evaluation of the Gething zone based on a model using 22producers in this immediate area showed a best estimate of per wellprospective resources to be 2.1 billion cubic feet of recoverable gas with abest estimate initial rate on 1.0 million square cubic feet per day.Prospective resources are defined as those quantities of oil and gas estimatedon a given date to be potentially recoverable from undiscovered accumulations.They are technically viable and economic to recover. The unrisked expectedmean value (EMV) for the 100-per-cent case was $4,365,000 and the risked EMVfor the 100-per-cent case was $971,000, both values at a discount rate of 10per cent. The probability of success (POS) for the risked case was estimatedto be 33 per cent with the capital exposure estimated to be $700,000, the costof drilling one exploratory well. As can be seen on the risk analysis chartbelow, the minimum POS needed for this project to obtain a 10-per-cent rate ofreturn is 14 per cent. As POS was estimated at 33 per cent, the drilling of aGething exploratory well is considered feasible.

An economic evaluation of the Notikewin zone based on the Gage NotikewinA pool showed a best estimate of per well prospective resources to be1.4 billion cubic feet of recoverable gas with a best estimate initial rate on1.5 million square cubic feet per day. Prospective resources are defined asthose quantities of oil and gas estimated on a given date to be potentiallyrecoverable from undiscovered accumulations. They are technically viable andeconomic to recover. The unrisked expected mean value (EMV) for the100 per cent case was $3,557,000 and the risked EMV for the 100 per cent casewas $772,000, both values at a discount rate of 10 per cent. The probabilityof success (POS) for the risked case was estimated to be 33 per cent with thecapital exposure estimated to be $600,000, the cost of drilling oneexploratory well.

A sales line is located less then 500 m from the proposed drill locationand has the capacity to take Pemberton's product.

The Company also wishes to announce that it intends to complete anon-brokered private placement of up to $1,125,00.00, with $675,000 beingraised through the sale of 1,500,000 flow-through units ("ft units") priced at$0.45 per ft unit, and $450,000 being raised through the sale of 1,400,000non-flow through units ("nft units") priced at 0.30 per nft unit.

Each ft unit shall consist of one flow through share and one half of aflow through warrant entitling the holder to purchase an additional share at$0.45 for a period of one year. Each nft unit shall consist of one non-flowthrough share and one non flow through warrant entitling the holder topurchase an additional share at $0.45 for a period of one year. One ft unitmust be purchased with one nft unit. Cash commissions of up to 10% of theproceeds of certain subscriptions may be payable to agents. This PrivatePlacement is subject to approval by the TSX Venture Exchange.

The proceeds of the private placement will be used to fund drilling ofthe first of the three proposed drill targets located on our Peace River Archproperty.

Pemberton Energy Ltd. also wishes to announce that on November 20, 2007TSX Venture Exchange has accepted for filing Online IR Marketing Agreementbetween the Company and AGORACOM Investor Relations Corp. Details of thisAgreement were announced in October 26, 2007 news release.

Pemberton Energy Ltd's principal business is the acquisition, explorationand development of petroleum properties. The company continues to focus on itsprimary corporate objective: the creation of value for shareholders byidentifying oil and gas accumulations with relatively low geological risk butwith substantial reserve potential.

    On Behalf of Pemberton Energy Ltd.    "Jerry Hale"    Jerry Hale, Director

For further information

please contact the Company at (604) 269-9801 or