KEC

Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") is pleased
to announce that it has successfully completed its Lower Mannville well in
11-26-027-01 W5M. The completion program utilized a hydraulic fracture
stimulation using an oil-based fluid and involved pumping approximately 35
tonnes of sand into the formation. The completion equipment is being removed
from the well and flow-back well cleanup will commence immediately.


Following flow-back procedures, the well will be shut in to obtain pressure
buildup data, satisfying the final drilling license condition set by the ERCB
and to determine the extent of the reservoir. The Company will then carry out
production testing of the well.


Kallisto previously confirmed commercial capability of the Lower Mannville
formation with the drilling of its 10-34-027-01 W5M well.


Kallisto is a Calgary-based junior resource company engaged in the exploration,
development and production of oil and natural gas primarily in Alberta.


Forward Looking Information

The reader is advised that some of the information contained herein may
constitute forward looking statements within the meaning assigned by National
Instrument 51-102 and other relevant securities legislation. It includes, but is
not limited to, statements with respect to the results of well completion and
testing operations, the timing of future operations and the conditions upon
which such operations may occur. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "scheduled", "potential", or other similar words, or
statements that certain events or conditions "may", "should" or "could" occur.
Forward-looking information is based on the Company's expectations regarding its
future growth, results of operations, production, future capital and other
expenditures (including the amount, nature and sources of funding thereof),
competitive advantages, plans for and results of drilling activity,
environmental matters, business prospects and opportunities. Such
forward-looking information reflects management's current beliefs and
assumptions and is based on information currently available to it. The reader is
cautioned that assumptions used in the preparation of such information, although
considered reasonable by the Company at the time of preparation, may prove to be
incorrect and readers are cautioned not to place undue reliance on
forward-looking information, which speaks only as of the date hereof. The
Company does not undertake any obligation to release publicly any revisions to
forward-looking information contained herein to reflect events or circumstances
that occur after the date hereof or to reflect the occurrence of unanticipated
events, except as may be required under applicable securities laws.


Forward-looking information involves significant known and unknown risks and
uncertainties. A number of factors could cause actual results to differ
materially from the results discussed in the forward-looking information
including risks associated with the impact of general economic conditions,
industry conditions, governmental regulation, volatility of commodity prices,
currency fluctuations, imprecision of reserve and resource estimates,
environmental risks, competition from other industry participants, the lack of
availability of qualified personnel or management, stock market volatility and
the Corporation's ability to access sufficient capital from internal and
external sources. Additional risks and uncertainties are described in the
Company's Annual Information Form dated May 22, 2012 which is filed on SEDAR at
www.sedar.com.

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