Kallisto Announces Q3 2013 Sedar Filings and Provides Crossfield Update

Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") is pleased
to announce it has filed its Condensed Interim Consolidated Financial Statements
for the nine months ended September 30, 2013 and the accompanying Management's
Discussion and Analysis. These documents are available for viewing under
Kallisto's profile at www.sedar.com.


At Crossfield, completion and evaluation operations on the 16-26-027-01W5 well
commenced on September 12, 2013 and consisted of a series of 15 m3 acid squeeze
treatments, swab testing and fluid and natural gas analysis, all undertaken over
several weeks. During the completion procedures, the Company recovered 32
degrees API crude oil and liquids-rich natural gas. A pressure test taken in
conjunction with completion operations confirmed that the Elkton in the 16-26
well is in pressure communication with the Crossfield Gas Storage facility.
Kallisto is continuing to evaluate the well and is examining further completion
methods to improve oil productivity as the recoveries achieved to date are
inconsistent with log and drill cuttings interpretation. Management will
continue its efforts to recover the Elkton oil from this reservoir.


Kallisto has a diversified asset base with abundant near term drilling
opportunities, including:




--  Elkton light oil and Basal Quartz liquids-rich gas at Crossfield; 
--  Cardium light oil at Minnehik - Buck Lake; 
--  Shaunavon crude oil in southwest Saskatchewan; and 
--  Doe Creek light oil at Valhalla.



Kallisto is targeting to spend $6,000,000 - $8,000,000 on these drilling
opportunities in 2014. To complete the drilling program, Kallisto will use
internally generated cash flow but will also require additional sources of
capital. Such additional capital may come through farm-out agreements,
disposition of non-core infrastructure assets, additional equity financing or
through corporate transactions. Management is in discussions with various
parties on all these options and will finalize its 2014 drilling program and
capital budget and report back to shareholders when additional capital sources
have been secured. 


Kallisto is a Calgary-based junior resource company engaged in the acquisition,
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 potential oil production from the
16-26 well, future drilling opportunities on Company lands, the Company's 2014
drilling program and the potential sources of capital to complete the drilling
program. 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 and Annual Information Form dated April 30, 2013 which is filed under
the Company's SEDAR profile at www.sedar.com.


NEITHER THE 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]