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MagneGas Secures Significant Fuel and Strategic Development Customer


March 29, 2011 - Tampa, FL

MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), the producer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that it has reached an agreement with Michigan-based Blue Water Industrial Products ("Blue Water") to provide its multiple locations with MagneGas™. Expanding throughout Michigan and the Upper Midwest, Blue Water currently has over 30,000 fuel cylinders in rotation and produces and sells more than 2.0 million cubic feet of metal working fuel per month. Blue Water already has customers for MagneGas™, and is taking receipt of its first fuel shipment from the Company this week. Its goal is to eventually make MagneGas™ a leading component of its fuel product offering.

In addition to its importance to MagneGas as a large fuel customer, Blue Water represents a potential strategic leap forward for the Company's fuel sales platform. As MagneGas President Scott Wainwright explains, "While we have achieved rapid success with our new direct sales model, it is our long term goal to have a MagneGas™ Refinery onsite at each distributor, allowing them to produce their own fuel and eliminating our transportation costs. As we roll out our fuel sales to Blue Water we will be exploring structures whereby Blue Water can become the first satellite MagneGas™ producer, and thus create a template for accelerated expansion and market penetration."

Adds Blue Water Principal Steve Olson, "As a metal working fuel MagneGas™ has proven to be without peer -- in our extensive testing MagneGas™ has cut cleaner and quicker than any other fuel, and it represents the first "green" alternative to hit the market. If regional demand is as strong as we anticipate, we look forward to growing our relationship with MagneGas the company, the fuel and the technology."

MagneGas can provide no assurance as to the eventual installation of a MagneGas™ Recycler at a Blue Water facility, nor at the facilities of any other existing or future client.

To be added to the MagneGas investor email list, please email justin.davis@magnegas.com with MNGA in the subject line.

Become a MagneGas fan and follow the Company on Facebook -- visit www.facebook.com/MagneGas.

About MagneGas Corporation (www.magnegas.com)
Founded in 2007, Tampa-based MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas™, a natural gas alternative and metal working fuel that can be made from 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 fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas™ can be used for metal working, cooking, heating, powering bi fuel automobiles and more.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events 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 safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

CONTACT:

Justin K. Davis
Vice President of Domestic Relations
MagneGas Corporation
(727) 934-3448
Email Contact
www.magnegas.com

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