ST. LOUIS, Missouri - International Fuel Technology, Inc. (OTC BB:IFUE), the developer of a series of fuel blends designed to improve fuel economy and reduce harmful emissions, announced today that the Company has attained Environmental Protection Agency (EPA) registration for its gasoline additive. According to the Code of Federal Regulations 40 CFR 79, fuels and fuel additives must be registered with the EPA prior to their introduction into commerce.

Jonathan R. Burst, Chairman and CEO of IFT stressed the importance of this step in the Company's expansion into different markets. "This will allow us to start penetrating markets other than the diesel market and reach a greater number of individual end-users of petroleum-based fuels." IFT will market its gasoline additive as E3 Performance Fuel Conditioner for gasoline.

Currently IFT is selling E3 Performance Fuel Conditioner for diesel to individual truck owners and larger fleet owners. E3 for gasoline will initially be targeted to individual automobile owners and small automobile fleet operators.

The registration process entailed submitting a detailed description of the fuel additive composition, as well as recommended usage and range of concentration. EPA registration signifies the additive and resulting fuel blends comply with federal regulations for such products and does not endorse or provide approval by any agency of the United States.

In addition, IFT announced that a technical paper, co-authored by Robert Fanick and Ian Williamson, was presented at the Society of Automotive Engineers (SAE) conference on May 8, 2002. Mr. Fanick is a senior research scientist at Southwest Research Institute. The paper details the benefits of IFT's additive formulations for diesel fuel such as: increased fuel economy, reduction in harmful emissions, and increased fuel lubricity. The paper is now available on the SAE website: www.sae.org. (paper # 2002-01-1702).

For information on all of IFT's products, visit the company's web site at: www.internationalfuel.com.

Statements contained in this release that are not strictly historical are forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to obtain financing adequate to fund its operations, the company's ability to generate revenues, the company's ability to develop a market for its products and other factors more fully described in the Company's literature and its filings with the Securities and Exchange Commission.

International Fuel Technology, Inc.

International Fuel Technology, Inc.

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