Calotto Capital Inc.
TSX VENTURE : TTO.P

December 21, 2007 20:00 ET

Calotto Capital Inc. Releases Third Quarter Financial Results

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Calotto Capital Inc. (TSX VENTURE:TTO.P) has released its financial results for the third quarter ended October 31, 2007.

The full text of the unaudited interim financial statements is included with the Company's Quarterly Report posted on the SEDAR website at www.sedar.com.

The Company continues to be actively involved in the process of identifying and evaluating companies in various industries with a view to completing a Qualifying Transaction. The Company has been approached by over 50 private companies since its initial public offering in July 2007 from the technology, life sciences, clean technology, manufacturing and mining sectors.

Investors are cautioned that trading in the securities of a capital pool company should be considered to be highly speculative. Calotto Capital Inc. is a capital pool company governed by the policies of TSXV. Its principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.

The TSX Venture Exchange does not accept responsibility for adequacy or accuracy of this release.

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