Kallisto announces Q3 2009 filings and completed banking agreement

CALGARY, Nov. 20 /CNW/ - Kallisto Energy Corp. (TSX Venture: KEC) (formerly Arrow Energy Ltd. - AOF) ("Kallisto" or the "Company") is pleased to announce that it has filed its Q3 2009 financial statements and accompanying Management's Discussion and Analysis ("MD&A") for the period ended September 30, 2009. The financial statements and MD&A are available for viewing under Kallisto's profile on SEDAR at www.sedar.com.

In addition, the Company and its lender have executed an agreement under which the lender has agreed to forebear exercising its rights until March 31, 2010. In conjunction with signing this agreement, the Company has applied to the TSX Venture Exchange for approval to amend certain terms of its $200,000 Secured Convertible Debenture.

Kallisto is a Calgary-based junior resource company engaged in the exploration, development and production of natural gas and oil primarily in Alberta.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information: Robyn Lore, President, Telephone: [phone], Facsimile: [phone]