Calgary, Alberta, April 29^th, 2020 Xfuels Inc. (OTC: XFLS) is pleased to update its shareholders with the following report.

The company continues to push forward to reconcile its financial statements in order to file its initial report with OTC markets.  Issues revolving around COVID-19 have slowed things down considerably from previous timeline projections.  Xfuels continues to push forward and is on a day by day schedule for filing.

The company is also continuing to push forward on an acquisition candidate and hopes to sign a formal agreement with that candidate as soon as the disclosure requirements are met.

Further to our May 16^th press release Xfuels is pleased to report the 30 million shares have been officially canceled and reflected in our OTC Markets security profile. The issued and outstanding shares have been reduced to 44,849,758.

About Xfuels Inc.

XFuels The Clean Petroleum & Power Company, is a publicly held energy company based in Alberta, Canada and develops technologies for clean energy and synthetic hydrocarbon products.

Clean Petroleum chemicals and fuels have the same molecular composition as traditional petroleum, offer premium performance with NEAR-ZERO environmental footprint, and face very few hurdles to full market penetration in today's existing petroleum vehicle fleet and distribution infrastructure.

Safe Harbor

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Xfuels Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Xfuels Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Xfuels Inc.'s filings with the Securities and Exchange Commission.

For further information please contact:

Xfuels Inc. Public Relations and Shareholder Information

Email: mikem@cyclenrgy.com