February 14, 2008 Calgary, Alberta, (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd. wishes to announce that it increased the amount of private placement announced on January 18, 2008. The Company intends to raise up to $1,740,000.00, with $990,000 being raised through the sale of 3,960,000 flow through units (“ft units”) priced at $0.25 per ft unit, and $750,000 being raised through the sale of 3,000,000 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.
Proceeds from this financing will be used for drilling and completion of 10-15-82-03-W6M and 6-15-82-03-W6M. Pemberton anticipates completion of this financing within 10 business days.
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.
For additional information please contact the Company at 604-269-9801 or info@pembertonenergy.ca
On Behalf of Pemberton Energy Ltd.
Ms. “Miroslava Antonuk”
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Miroslava Antonuk, 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
