Kallisto announces issuance of stock options

CALGARY, July 30 /CNW/ - Kallisto Energy Corp. (TSX Venture: KEC) ("Kallisto" or the "Company") announces that today the board of directors granted 1,505,000 stock options to employees, consultants, officers and directors of the Company. The options are exercisable at $0.86 per share, have a five year term and vest over two years. Kallisto now has 4,477,500 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: [phone], Facsimile: [phone]