Pemberton Energy Ltd. - Corporate Update

Calgary, Alberta (ots/PRNewswire) -

(TSX.V: PBT, FSE: P5W) Pemberton Energy Ltd. wishes to announce
that it has engaged the services of Chapman Petroleum Engineering
Ltd. to provide engineering, geological and geophysical services on
an in-depth ongoing basis, assisting with the Company's exploration,
development and production activities. Key individuals directly
involved in engineering, geological and geophysical evaluation will
participate in the Company's incentive stock option plan on a
performance basis.

In view of the new duties and services, Chapman Petroleum
Engineering Ltd. relinquishes its role as the Company's independent
reserve evaluation firm. A replacement independent reserve evaluation
firm will be announced at a later date.

Director Ms. Miroslava Antonuk states: "Management is excited to
have such a valuable and highly qualified engineering, geological and
geophysical team working on the Company's projects, including current
3-D and 2-D seismic interpretation. P. Geologist, Harold Ryan, was
part of the geological and geophysical team that interpreted 2D
seismic that was shot by Pemberton Energy Ltd. last summer in the
Peace River Arch Area. We look forward to having this combined
experience within one Corporation working jointly on identifying
multiple producing drill targets. Chapman Petroleum Engineering Ltd.
will provide qualified staff and know-how to make Pemberton's Peace
River Arch Assets into a turn key producer. The Company looks forward
to announcing well target count within the next three weeks and all
our preliminary views are very positive."

Pemberton Energy Ltd. would like to take an opportunity to
introduce and welcome these three key consultants to our team and we
look forward to developing our Peace River Arch Assets.

C.W. (Charlie) Chapman, P. Eng.

Mr. Chapman is a professional engineer with greater than 33 years
of broad experience in the oil and gas industry, including staff and
management positions with major and minor producers and consulting
firms. Since 1985 Mr. Chapman has been president of Chapman Petroleum
Engineering Ltd., overseeing all of the diversified professional
services of the company, domestically and internationally.

Mr. Chapman's key project experience includes:
Chapman Petroleum Engineering Ltd.
-- Thousands of reserve and economic evaluations.
-- Domestic and international exploration drilling prospect analyses.
-- Coordinated numerous property unitization projects.
-- Expert witness testimony, Court of Queen's Bench (Alberta), US Federal
Court.
-- Reservoir engineering and production optimization projects.
-- Numerous regulatory submissions.
-- Represented clients on AEUB hearing panels.
-- Coordinate well re-entry and environmental clean up program in
Hungary.
-- Develop design criteria for shallow gas water lift system.
-- Provide management and technical assistance to associated company,
which drills and operates wells for clients.
Capital Engineering Ltd.
-- Managed technical and administrative staff in preparation of reserve
and economic evaluations.
-- Reserve evaluation of Barbados National Oil Company for Petro-Canada
International Assistance Corporation.
Dynamar Energy Ltd.
-- Evaluated all aspects of the implementation of enhanced recovery
project and coordination of unitization - Wayne Rosedale Basal Quartz
pool.
-- Involved in operation of large blocks of MR/MH, 2WS wells, experienced
state of art shallow gas technology.
James A. Lewis Engineering Ltd.
-- Coordinated major client reserve and economic evaluations.
-- Evaluation of gas potential underlying Lake Erie for Ontario Ministry
of Natural Resources.
-- Established and managed company branch office in Denver, Colorado.
Champlin Petroleum Company (UPRI)
-- Responsible for all engineering functions in Canadian Division.
-- Contributed to multi disciplined staff effort in development of West
Pembina deep rights.
-- Coordinated and supervised the construction and start-up of sour (DEA)
gas plant.
Murphy Oil Company
-- Responsible for all engineering activities for the company's oil
properties.
Sun Oil Company Limited
-- Senior reservoir engineering duties, enhanced recovery investigations
and acquisition analyses.
-- Production department reservoir engineer, production performance and
reservoir pressure monitoring for all operated properties.
-- Field assignments (2 years)
-- Ran 50 MMscf/d compressor facility.
-- Coordinated cathodic protection corrosion mitigation programs.
-- Supervised service rig activity.
-- Exposure to Drilling Operations.

J. Brian Henry, P. Geophysicist

Mr. Henry has 12 years experience in the mining, marine and
engineering geophysics and 26 years in petroleum exploration and
production geophysics. He has worked in the Western Canada Basin,
Yukon, Northwest Territories, and East Coast, southern US and several
countries in the Middle East and Far East. Mr. Henry's specialty is
designing and operating integrated international exploration programs
involving satellite imagery, airborne geochemistry, airborne gravity,
aeromagnetics, electro-magnetics, induced polarization and seismic
refraction and reflection.

Mr. Henry's key project experience includes:
Saudi Aramco
-- Responsible for the acquisition, processing and interpretation of the
world's largest 4 sensor aeromagnetic survey in Eastern Saudi Arabia,
total of 1.3 million line km.
-- Introduced satellite imagery as a tool for exploration.
-- Integrated the gravity, magnetics and seismic into an interpretation
of the Arabian Plate.
-- Ran acceptance test for Sander Geophysical's new airborne gravity
system.
-- Quality controlled a 25,000 sq km airborne gravity survey in the
Rub al Kali.
Torca Geophysical Consultants
-- Conducted a multi-discipline survey on the Chiang Mai Basin in
Thailand involving aeromagnetics, gravity, seismic refraction and
seismic reflection.
-- Applied airborne geochemistry, land gravity, aeromagnetics, refraction
and reflection seismic for interpreting exploration blocks in the Gulf
of St. Lawrence.
-- Interpreted seismic data and quality controlled seismic acquisition in
Eastern Yemen.
Petro Canada
-- Geophysical supervisor for Yukon and Northwest Territories.
-- Project Coordinator for geophysical programs in Jordan, Nepal,
Thailand and Pakistan.

Harold J. Ryan, P. Geologist

Mr. Ryan has over 18 years experience in the petroleum industry
working as a petroleum geologist for enterprises ranging from major
Canadian and international producers to small and medium size
consulting firms. He has particular expertise in prospect evaluation,
both for Western Canadian and international plays as well as
petrophysical evaluation of open hole well logs. Mr. Ryan is also
knowledgeable in the application of geological concepts to seismic
interpretation.

Mr. Ryan's Key Project experience includes:
Chapman Petroleum Engineering Ltd.
-- Geological and economic evaluations of oil and gas properties required
by petroleum companies in support of exchange listings, financing and
securities regulations.
-- Evaluation of exploratory prospects both western Canadian and foreign
including risk analysis component.
-- Petrophysical evaluation of open hole well logs using HDS software.
Responsible for the acquisition and implementation of digital log
analysis software for Chapman Petroleum Engineering Ltd.
-- On-going geological consulting for clients in regards to evaluation of
exploratory prospects and development potential.
Hi-Res GeoConsulting
-- Evaluation of gas reserves and deliverability for Nova.
-- Creation and editing of synthetic seismograms including replacing
incomplete or missing well data using proprietary software.
Unocal Canada Ltd.
-- Regional and play subsurface geological mapping working with both
geophysicists and engineers.
-- Wellsite geological supervision.
-- Acquisition and divestiture geological evaluations.
PanCanadian Petroleum Ltd.
-- Geological support in Exploration department, primarily northeast
British Columbia.
PUBLICATIONS
CSEG Recorder, Vol. 19 No. 7, Sept. 1994
-- Ricker, Ormsby, Klauder, Butterworth: A Choice of Wavelets.

Pemberton Energy'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.

On behalf of Board of Directors
"Miroslava Antonuk"
------------------------------
Ms. Miroslava Antonuk Director

TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE
CONTENTS HEREIN

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