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Press release from CNW Group

Kallisto Announces Issuance of Stock Options

Tuesday, December 20, 2011

Kallisto Announces Issuance of Stock Options18:56 EST Tuesday, December 20, 2011CALGARY, Dec. 20, 2011 /CNW/ - Kallisto Energy Corp. (TSXV: KEC) ("Kallisto" or the "Company") announces that the board of directors has granted 150,000 stock options to an officer of the Company. The options are exercisable at $0.15 per share, have a five year term and vest over two years. Following this grant, Kallisto has 4,915,500 stock options outstanding.Kallisto is a Calgary-based junior resource company engaged in the exploration, development and production of oil and natural gas primarily in Alberta.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: Robyn Lore President Telephone: (403) 237-9996 Facsimile: (403) 264-0416