PMFG, Inc. (parent of Peerless Mfg. Co.) Awarded $4.1 Million Separation/Filtration Systems Order

PMFG, Inc. (parent of Peerless Mfg. Co.) Awarded $4.1 Million
Separation/Filtration Systems Order

DALLAS, April 22, 2013 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company")
(Nasdaq:PMFG) today announced that it has been awarded a contract with a value
of approximately $4.1 million for separation equipment. The equipment is for
LNG applications in the Gulf Coast region of the United States. The project
consists of multiple units of the Company's proprietary Ultra®
filter/separators to be used in compressor station protection and liquefaction
processes. The revenue will be recognized across both fiscal years 2013 and
2014.

Peter J. Burlage, PMFG's chief executive officer said, "This order
demonstrates the growing impact the domestic natural gas industry is having on
our business and is one of our key markets. Our products are used across the
natural gas value chain including production, processing, storage,
transmission and end users. We expect emerging applications such as natural
gas as a transportation fuel and LNG for both export and domestic use to drive
incremental demand for our products. This is in addition to the growing use of
natural gas as a base load fuel source by utilities and other industrial
sectors including the chemical and pulp and paper industries."

About PMFG

PMFG is a leading provider of custom-engineered systems and products designed
to help ensure that the delivery of energy is safe, efficient and clean. PMFG
primarily serves the markets for power generation, natural gas infrastructure
and petrochemical processing. Headquartered in Dallas, Texas, PMFG markets its
systems and products worldwide.

Safe Harbor Under The Private Securities Litigation Reform Act of 1995

Certain statements contained in this press release that are not historical
facts are forward-looking statements that involve a number of known and
unknown risks, uncertainties and other factors that could cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievement expressed or implied by
such forward-looking statements. The words "anticipate," "expect," "believe,"
"intend" and similar expressions identify forward-looking statements. The
Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for
such forward-looking statements. In order to comply with the terms of the safe
harbor, the Company notes that a variety of factors could cause actual results
and experience to differ materially from the anticipated results or other
expectations expressed in such forward-looking statements. These risks and
uncertainties include the Company's ability to raise additional capital and to
execute its plans and strategies. Other important information regarding
factors that may affect the Company's future performance is included in the
public reports that the Company files with the SEC, including the information
under Item 1A. "Risk Factors" in the Company's Annual Report on Form 10-K for
the fiscal year ended June 30, 2012. The Company undertakes no obligation to
revise any forward-looking statements or to update them to reflect events or
circumstances occurring after the date of this release, or to reflect the
occurrence of unanticipated events, except as required by law. Readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. The inclusion of any statement in this
release does not constitute an admission by the Company or any other person
that the events or circumstances described in such statement are material.

CONTACT: Mr. Peter J. Burlage, Chief Executive Officer
         Mr. Ronald L. McCrummen, Chief Financial Officer
         PMFG, Inc.
         14651 North Dallas Parkway, Suite 500
         Dallas, Texas 75254
         Phone: (214) 357-6181
         Fax: (214) 351-4172
         www.peerlessmfg.com
        
         or
        
         Shawn Severson
         The Blueshirt Group
         Phone: (415) 489-2198
         shawn@blueshirtgroup.com
 
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