PEMBERTON ENERGY LTD. - NEWS RELEASE

	    CALGARY, Sept. 30 /CNW/ - (TSXV: PBT, FSE: P5W) Pemberton Energy Ltd.
("Pemberton") announces the following corporate update and the Company's post
consolidation plans. Pemberton is in the process of securing an underwriter to
finance both Pemberton and its fully owned subsidiary Clinch Energy Ltd.
("Clinch") for $2.5 million each.  Pemberton will proceed with NI 51-101
compliant independent evaluation of the P&NG Reserves on all its assets. 
Values from these independent evaluations will be factored into the private
placement price on both companies along with the weighted average of the post
consolidation 5 day trading price for Pemberton.
	    Proceeds from these private placements will be used to acquire or farm in
on additional mineral rights around our current reserves. The company has
engaged the services of a Landman for this purpose.  The Landman is currently
in negotiations on 14 sections (8,960 acres) of land in AB that are
neighboring to our land holdings.  These mineral rights are zone specific. 
Pemberton's in-house geoscientist has done extensive work mapping out zones of
interest, giving the company plenty of running room to expand. This will allow
the company to expand its hydrocarbon production if successful on the first
proposed horizontal well on Pemberton's current property. The current proposed
horizontal well is 1 km in length and is in an oil bearing zone of interest
and has a net pay of 10m with a medium to high saturation of oil.
	    President Richard Saxon states: "Management feels that proposed share
consolidation will allow the company to move forward and recover shareholder
value and also provides an opportunity to negotiate with our creditors to
clean up our current debt. Management feels that acquiring additional assets
will move the company into a positive cash flow. Management has received
extensive internal geological reports that have created a firm game plan going
forward.  These reports will be disclosed following completion of negotiations
and NI 51 -101 compliant independent evaluations of the P&NG Reserves have
been completed on the 14 sections of land mentioned above. The Company
believes that equity financing is needed to develop and to grow our current
asset base."
	    On Behalf of Pemberton Energy Ltd.   
	    "Richard Saxon"----------------------------------Richard Saxon, President
	    We seek Safe Harbor
	    NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.





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	    /For further information:
	    please contact president Richard Saxon at 604-269-0006 or via email
[email protected]
	    /