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Limassol, Cyprus, July 19, 2023 Toro Corp. (NASDAQ: TORO) ("Toro", or the "Company"), an international energy transportation services company, announces that on July 17, 2023 the Company completed the previously announced sale of M/T Wonder Avior, a 2004-built Aframax/LR2 tanker, at a price of $30.1 million, by delivering the vessel to its new owner. The Company expects to record during the third quarter of 2023 a net gain of $18.6 million, excluding any transaction-related costs. In addition, on July 18, 2023, the Company took delivery of the 2015 eco design Japanese-built 5,000 cbm LPG carrier Dream Syrax, which it had agreed to acquire, as previously announced, on April 27, 2023. The acquisition price of $16.95 million was financed in its entirety with cash on hand. About Toro Corp. Toro Corp. is an international energy transportation services company with a fleet of tankers and LPG carriers that carry crude oil, petroleum products and petrochemical gases worldwide. Toro Corp. currently owns a fleet of seven vessels, with an aggregate capacity of 0.3 million dwt, consisting of one Aframax, one Aframax/LR2, two Handysize tankers and three 5,000 cbm LPG carriers. As previously announced, Toro Corp. has agreed to acquire one additional LPG carrier. Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol "TORO". For more information, please visit the Company’s website at www.torocorp.com. Information on our website does not constitute a part of this press release. Toro Corp., press release 
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