TAMPA, FL -- (Marketwire) -- 05/21/09 -- MagneGas Corporation ("MagneGas Corp." or the "Company") (OTCBB: MNGA), a producer of a metal cutting fuel and natural gas alternative made from liquid waste, announced today that it has established a commercial foothold in the Australia and New Zealand markets through the appointment of exclusive distributor MagneGas Australasia Pty, Ltd ("MagneGas Australasia"). MagneGas Australasia also intends to purchase from MagneGas Corp. a small Plasma Arc Flow™ refinery; the purchase order agreement for this refinery is forthcoming.

MagneGas Australasia plans to separate the hydrogen from MagneGas™ and pursue the hydrogen market, while also selling fuel for metal cutting and cooking.

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About MagneGas Corporation

Founded in 2007, Tampa-based MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas™, a natural gas alternative and metal cutting fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. 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 cutting, cooking, heating or powering bi fuel automobiles. To learn more, visit www.magnegas.com.

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:
Cirrus Financial Communications, LLC
Justin K. Davis
(866) 330-MNGA (6642)
Email Contact
www.cirrusfc.com