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MagneGas Holds World Summit with Key Partners

                MagneGas Holds World Summit with Key Partners

MagneGas Partners from Europe, China and Australia gather at Headquarters to
Develop Key Global Initiatives

PR Newswire

TAMPA, Fla., Aug. 12, 2013

TAMPA, Fla., Aug. 12, 2013 /PRNewswire/ --MagneGas Corporation ("MagneGas" or
the "Company") (NASDAQ: MNGA), the developer of a technology that converts
liquid waste into a hydrogen-based fuel, announced today that it hosted a
world summit meeting at its headquarters in Tarpon Springs, Florida with
several of its key global partners. The purpose of the meeting, which was held
from July 30, 2013 to August 5, 2013, was to share and collaborate on a
variety of strategic technical advancements made by the partners for the
MagneGas systems and fuels

At the World Summit Meeting, presentations from its European partners included
the use of the MagneGas technology to process and sterilize sewage within the
required irrigation norms of the European Union, presentations from China
included the use of the MagneGas system to process human sludge and
presentations from Australia included the use of MagneGas Fuel to co-combust
coal burning power plants to reduce toxic emissions. MagneGas Corporation
presented its recent fuel advances for metal working and other key power and
industrial markets. Each partner has spent years developing their individual
area of expertise and the presentations resulted in a collaborative effort to
bring the technology forward on a global scale in several key markets.

"Our global partners have invested considerable time and resources into
developing their specialized use for the MagneGas technology. It has been a
dream of mine to gather our partners and share on a collaborative basis the
various technological advancements made by each group. We will now take the
information shared during this important meeting and put it into immediate use
for sales in those particular markets," stated Ermanno Santilli, CEO MagneGas.

"We developed clean coal technology using MagneGas in a post combustion
process, lowering emissions and increasing heat, which was presented at the
MagneGas world summit. This new technology improves the market use of MagneGas
clean burning fuel and we are excited at the future potential of this
application," David Johnston, Director, MagneGas Australia

"We have made great advances in the area of sewage sterilization with
world-wide applications. We are excited with the business opportunities and
new strategic initiatives that came as a result of the collaborative efforts
from this important meeting," stated Giovanni Giuseppe Cocchiaro, CEO Nuova
MagneGas Italia and Giovanni Era, Managing Director Nuova MagneGas Italia.

"As a long-time partner and friend of MagneGas, I was thrilled at the
opportunity to share ideas and find new ways to resolve global issues
surrounding the processing of sludge. We have invested considerable effort
into this market for China and look forward to furthering our success as a
result of the many opportunities that came from this meeting," stated Allen
Feng, CEO MagneGas Technology (Beijing) Co. Ltd.

The MagneGas IR App is now available for free in Apple's App Store for the
iPhoneor 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: KCSA Strategic Communications, Philip Carlson / Brad Nelson, +1
212.896.1233 / +1 212.896.1217, pcarlson@kcsa.com / bnelson@kcsa.com