Kallisto Energy Corp. has increased proved & probable reserves by approximately 27% over the previous year. The additions are the result of a new discovery, reserve revisions and the Company's acquisition at Minnehik - Buck Lake.

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

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

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