The discovery of a new planetary nebula from (O III) interference filter imagery is reported. The nebula, PN 136 + 5°1, is 15′ in diameter and asymmetric in appearance. Spectrophotometry of the central regions indicate it is of excitation class between 8 and 10. A single bright condensation within the nebula exhibits emission lines of much lower ionization with (S II) λλ 6717, 6731 line intensities indicating an electron density of about 350 ± 150 cm−3. Seeing limited (O III) imagery of this planetary nebula is also presented. (This article is appearing in Astron. Astrophys. in the near future).