MagneGas Customer Growth Continues In October

                MagneGas Customer Growth Continues In October

MagneGas gains market share through new and existing customers added in
October

PR Newswire

TAMPA, Fla., Nov. 16, 2012

TAMPA, Fla., Nov. 16, 2012 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or
the "Company") (NASDAQ: MNGA), the developer of a technology that converts
liquid waste into a hydrogen-based metal working fuel and natural gas
alternative, announced today that it continued sales expansion in October by
adding eight new fuel customer locations in Florida and Michigan.

The Company expects the incremental revenue generated from these new locations
to be between $150,000 and $200,000 in fiscal year 2013 as it continues to
build on its recurring revenue base.

"We are pleased with the continuous expansion in our customer base," commented
Scott Wainwright, President of MagneGas. "Our ongoing growth is a direct
testament to the quality of our product, which not only cuts metal faster and
safer than its competitors, but also is an environmentally friendly
alternative to what is currently being used throughout the metal cutting
industry."

"We continue to deliver solid results as we further execute on our growth
strategy," stated Ermanno Santilli, Chief Executive Officer of MagneGas. "As
we build upon the solid foundation of our Company, our sales and marketing
efforts have helped us to expand our footprint in the metal working industry
as new and potential customers realize the cost effectiveness and superior
cutting qualities of MagneGas™."

The MagneGas IR App is now available for free in Apple's App Store for the
iPhone or iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk
for Android mobile devices.

To be added to the MagneGas investor email list, please email
pcarlson@kcsa.com with MNGA in the subject line.

About MagneGas Corporation

Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is the
producer of MagneGas™, a natural gas alternative and metal working fuel that
can be made from certain industrial, municipal, agricultural and military
liquid wastes following the receipt of appropriate governmental permits.

The Company's patented Plasma Arc Flow™ process gasifies liquid waste,
creating a clean burning hydrogen based fuel that is essentially
interchangeable with natural gas. MagneGas™ can be used for metal working,
cooking, heating, powering bi fuel automobiles and more. For more information
on MagneGas, please visit the Company's website at www.magnegas.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements as defined within
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements relate to
future events, including our ability to raise capital, or to our future
financial performance, and involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied
by these forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown risks,
uncertainties and other factors which are, in some cases, beyond our control
and which could, and likely will, materially affect actual results, levels of
activity, performance or achievements. Any forward-looking statement reflects
our current views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our operations, results
of operations, growth strategy and liquidity. We assume no obligation to
publicly update or revise these forward-looking statements for any reason, or
to update the reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new information
becomes available in the future. The Company is currently using new ethylene
glycol to produce fuel until proper permits to process used liquid waste have
been obtained.

For a discussion of these risks and uncertainties, please see our filings with
the Securities and Exchange Commission. Our public filings with the SEC are
available from commercial document retrieval services and at the website
maintained by the SEC at http://www.sec.gov.

SOURCE MagneGas Corporation

Website: http://www.magnegas.com
Contact: Investor Contacts: KCSA Strategic Communications, Philip Carlson,
+1-212-896-1233, pcarlson@kcsa.com, or Brad Nelson, +1-212-896-1217,
bnelson@kcsa.com