KALLISTO ANNOUNCES APPOINTMENT OF OFFICER AND RESULTS OF ANNUAL MEETING OF SHAREHOLDERS

CALGARY, June 3, 2011 /CNW/ - Kallisto Energy Corp. (TSX Venture: KEC) ("Kallisto" or the "Company") is pleased to announce that the Board of Directors has appointed Curtis Hartzler, P. Eng as Vice President of Operations effective as of June 15, 2011 replacing Greg Kondro, who has tendered his resignation to pursue other opportunities. Management and directors of Kallisto wish to express appreciation to Mr. Kondro for his dedication and professionalism during his time with the Company.

Mr. Hartzler has worked in the Canadian oil and gas industry for more than 35 years.  His early industry experience was in the area of field operations, completion and facilities construction, with field time spent in Rainbow Lake, Rocky Mountain House and the Crossfield regions of west central Alberta.   He then moved into the economic and reserve evaluations field of the industry and was employed by the firm which today is known as GLJ Petroleum Consultants.  Mr. Hartzler then became involved in senior management roles for a number of private and public companies, including Poco Petroleum Ltd, Penn West Petroleum Ltd, Birchill Resources Ltd, Goose River Resources Ltd and G2 Resources Ltd.

Kallisto also announces that at its Annual and Special Meeting of shareholders held June 2, 2011 Glenn Gradeen, John McLeod, Giovanni DeFrancesco, Jason Pack, Robyn Lore, Ross Clark and Sandford Gauchier were elected as directors of the Company. The shareholders did not approve the renewal of the Company's stock option plan. The corporate presentation made at the meeting can be viewed on the Company's website.

As indicated in the April 14, 2011 press release, the Company is waiting for road bans to be lifted to install production tubing and artificial lift on the 15-7-28-1W5 Viking horizontal well to evaluate its productive capability.

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

SOURCE Kallisto Energy Corp.

For further information:

Robyn Lore
President and Chief Executive Officer
Telephone: (403) 237-9996

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Kallisto Energy Corp.

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