MagneGas Signs $1 Million Fuel Pre-purchase Agreement

            MagneGas Signs $1 Million Fuel Pre-purchase Agreement

Sustainable Green Signs Two-Year Deal to Become Exclusive Distributor in
Pacific Northwest; MagneGas Will Install a Refinery at Distributor's Seattle
Facility

PR Newswire

TAMPA, Fla., Dec. 19, 2012

TAMPA, Fla., Dec. 19, 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 Sustainable Green, a new Seattle-based
distributor of industrial gas, has agreed to pre-purchase $1 million worth of
MagneGas™ fuel over a two year period.

MagneGas Corporation will install and operate a gasification unit in Seattle
and Sustainable Green will become the exclusive distributor of MagneGas™ fuel
in Washington and Oregon for two years and beyond, subject to continued
forward purchases. In addition, Sustainable Green will be permitted to sell
the MagneGas fuel in any other territories where there is no exclusive
distributor.

"We are very pleased to enter into this partnership with Sustainable Green and
expand our market presence in the Pacific Northwest," said Ermanno Santilli,
CEO of MagneGas. "Today's announcement shows that our sales efforts are paying
off and that there is a strong demand for our fuel. More importantly, it
demonstrates our viable business model that will generate significant revenue
growth and drive shareholder value."

"We are extremely excited at the opportunity to be at the forefront of what we
feel is a game changing and innovating technology in an industry that has long
needed more efficient and green methods in which to operate. We believe
MagneGas is that solution. We are excited and honored to open this important
market with MagneGas," said Zachary Lark, President of Sustainable Green.

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

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.

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.

About Sustainable Green

Sustainable Green Corporation (SGC) is an energy development company. We
leverage our partnerships and experience with an understanding of the global
marketplace to introduce eco-intelligent, financially viable solutions for
global industries. We are committed to the advancement of environmentally
responsible alternatives that provide competitive advantages to
traditionalindustrial methodologies.

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
antifreeze, vegetable oil and 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.

Investor Contacts:
KCSA Strategic Communications
Philip Carlson / Brad Nelson
+1 212.896.1233 / +1 212.896.1217
pcarlson@kcsa.com / bnelson@kcsa.com

SOURCE MagneGas Corporation

Website: http://www.magnegas.com
 
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