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Synergy Resources Corporation Hires Ronald K. Morgenstern as VP of Land & Business Development


Synergy Resources Corporation Hires Ronald K. Morgenstern as VP of Land & Business Development

PLATTEVILLE, CO -- (Marketwire) -- 04/01/13 -- Synergy Resources Corporation (NYSE MKT: SYRG), a U.S. oil and gas exploration and production company with assets in the Denver-Julesberg Basin (DJ) and Western Nebraska, has employed Ronald K. Morgenstern as Vice President of Land & Business Development.

Mr. Morgenstern has over 30 years of experience involving all phases of land and management of lease assets in various basins in the Rocky Mountains including the Williston, Powder River and DJ basins. For the past 11 years Ron has been the Senior Landman for Bill Barrett Corporation, a Denver based oil and gas company, with significant operations in the DJ Basin. Ed Holloway, President and CEO of Synergy, commented, "The hiring of Ron Morgenstern is another significant step in Synergy's growth as we continue to expand our lease position in the DJ Basin and broaden the company's overall portfolio. Ron's experience will also be very valuable to Synergy as we commence the horizontal drilling development of our assets in the Wattenberg Field later this year."

Ron Morgenstern added, "Joining a company with such rapid growth as Synergy is a perfect match with my skill set. I look forward to working with Synergy's management team and maximizing the impressive leases and assets they have assembled in Colorado and Nebraska, as well as evaluating and introducing new opportunities to the company."

About Synergy Resources Corporation Synergy Resources Corporation is a domestic oil and natural gas exploration and production company. Synergy's core area of operations is in the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska. The Wattenberg field in the D-J Basin ranks as one of the most productive fields in the U.S. The company's corporate offices are located in Platteville, Colorado. More company news and information about Synergy Resources is available at www.syrginfo.com.

Important Cautions Regarding Forward Looking Statements This press release may contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "should," "likely" or similar expressions, indicates a forward-looking statement. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, and information currently available to management. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information. The identification in this press release of factors that may affect the company's future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the company's actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the success of the company's exploration and development efforts; the price of oil and gas; worldwide economic situation; change in interest rates or inflation; willingness and ability of third parties to honor their contractual commitments; the company's ability to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the company's capital costs, which may be affected by delays or cost overruns; costs of production; environmental and other regulations, as the same presently exist or may later be amended; the company's ability to identify, finance and integrate any future acquisitions; and the volatility of the company's stock price.

Investor Relations Contact: Jon Kruljac Synergy Resources Corporation jkruljac@syrginfo.com Tel (303) 840-8166

Company Contact: Rhonda Sandquist Synergy Resources Corporation rsandquist@syrginfo.com Tel (970) 737-1073

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