2009-04-23-2009-04-23

To buy additional 50% WI in AB Panny area well.

Pemberton Energy Ltd., Calgary, (Toronto Venture: PBT) plans to acquire an additional 50% ownership in the Panny 8-25-095-W5M well in northern Alberta from an undisclosed seller for C$50,000 in cash and approximately C$280,000 in stock in a deal valued at approximately C$330,000. Pemberton will issue 8 million shares to the seller. The well is on the Panny area property in the Keg River formation. Pemberton currently holds 25% ownership and is the operatorship. Pemberton also holds additional 1,280 acres near the Panny well location.