Kallisto Acquires Minnehik-Buck Lake Property

Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") announces
that is has acquired a 100% working interest in two sections of land in the
Minnehik - Buck Lake area of Alberta (the "Lands"). The Lands were acquired
pursuant to the terms of the Farmout and Settlement Agreement (the "Agreement")
announced on May 30, 2013 between Kallisto and a company with which it holds a
secured loan facility ("Loanco"). The Lands are prospective for Cardium light
oil.


As part of the settlement of the outstanding loan, the Agreement specified that
Loanco would make a loan payment of approximately $850,000 on or before August
31, 2013. That payment was not made as contemplated. As a result, the interest
of Loanco in the Lands was quit claimed, surrendered and conveyed to Kallisto
pursuant to a Quit Claim, Surrender and Conveyance of Agreement dated September
1, 2013 in full satisfaction of the outstanding loan.


In addition, Loanco had previously entered into a farmout agreement (the
"Farmout Agreement") with an industry partner (the "Partner") pursuant to which
the Partner agreed to pay 37.5% of the capital costs of a test well to earn a
25% working interest in a portion of the Lands with an option to participate in
the drilling of a second well on the same terms to earn a 25% working interest
in the balance of the Lands. Kallisto has agreed, subject to certain
modifications to the Farmout Agreement, to recognize the farmout terms with the
Partner.


Subject to Kallisto completing the sale of certain non-core assets and/or other
ongoing funding initiatives, it is expected that a horizontal well will be
drilled on the Minnehik - Buck Lake lands in 2013.


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 timing of drilling activities on
its Minnehik - Buck Lake lands, potential Cardium oil discoveries, the
recognition by the Company of the Farmout Agreement with the Partner, the sale
of non-core assets and other funding initiatives. 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 its ability to obtain funding
and the amount, nature and sources thereof), competitive advantages, plans for
and results of drilling activity, environmental matters, business prospects and
opportunities and its ability to come to terms with the Partner on the Farmout
Agreement. 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 and Annual Information Form dated April 30, 2013 which is filed under
the Company's SEDAR profile at www.sedar.com.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kallisto Energy Corp.
Robyn Lore
President and Chief Executive Officer
[phone]