Kallisto Seeks Capital

Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") is pleased
to announce that it has entered into an agreement with Paradigm Capital Inc.
("Paradigm") pursuant to which Paradigm will act as the Company's financial
advisor in seeking sources of funding to develop Kallisto's oil-focused
properties. As announced earlier, Kallisto has multiple near-term drilling
opportunities, including:




--  Elkton light oil at Crossfield, Alberta; 
--  Cardium light oil at Minnehik, Alberta; 
--  Shaunavon medium oil at Chambery, Saskatchewan; and 
--  Doe Creek light oil at Valhalla, Alberta. 



More information on the Company's drilling opportunities can be found in the
updated corporate presentation on the Company's website at
www.kallistoenergy.com.


Funding sources being considered include a public equity offering, a private
placement of common shares, an acquisition by investors of all of the
outstanding shares of the Company with the intention of taking the Company
private or other potential sources of capital.


The Company is not establishing a data room, nor has the board of directors
struck an independent committee. Paradigm is working with management to secure
the desired funding.


Kallisto is a Calgary-based junior resource company engaged in the exploration,
development, exploitation, production and acquisition 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 intent to secure funding for the
Company's future drilling opportunities. 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 April 30, 2013 which is filed on SEDAR
at www.sedar.com.


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