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TARONIS FUELS ANNOUNCES KEVIN FOTI CEO, WILBUR ROSS DIRECTOR, AND RECAPITALIZATION Industry Veteran Company Closes Private Placement of Approximately Legendary Investor and Former Secretary of Commerce Wilbur Ross Joins Board Peoria, AZ, June 04, 2021 (GLOBE NEWSWIRE) Taronis Fuels, Inc. (“Taronis” or the “Company”) (OTCQB:TRNF), a global producer of renewable and socially responsible fuel products, today announced several important developments, including naming Kevin Foti as CEO, the addition of Wilbur Ross to the Company’s Board of Directors, and the closing of a private placement of approximately $16.5 million of common stock to institutional and accredited investors to permit the Company to reduce debt obligations and pursue several important growth initiatives. The private placement was completed at a fixed price of $3.00 per share of common stock, with no warrants

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