International Fuel Technology, Inc. To Issue Restricted Stock Dividend To Shareholders

ST. LOUIS, January 20, 2009 – International Fuel Technology, Inc. (“IFT”) (OTCBB: IFUE) announced that it will issue a restricted stock dividend to shareholders of record at the close of business on February 4, 2009 (the “Record Date”) in the amount of 1 restricted share for every 25 common shares owned. The distribution date will be February 10, 2009. The restricted stock dividend will be subject to resale conditions pursuant to Rule 144 of the Securities and Exchange Act.

For additional information regarding the restricted stock dividend, shareholders can visit IFT’s website: www.internationalfuel.com (see Contact Page).

Note

Statements contained in this web site 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, demand for the Company’s product both domestically and abroad, the Company's ability to continue to develop its market, general economic conditions and other factors that may be more fully described in the Company’s literature and any periodic filing with the Securities and Exchange Commission.