Synthesis Energy Systems and Zhangjiagang Chemical Machinery Company Receive 20-Year Business License for China Clean Coal

Synthesis Energy Systems and Zhangjiagang Chemical Machinery Company Receive
20-Year Business License for China Clean Coal Gasification Joint Venture

HOUSTON, March 19, 2014 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc.
(SES) (Nasdaq:SYMX) today announced that its wholly owned subsidiary, SES Asia
Technologies, Ltd., and Zhangjiagang Chemical Machinery Co., Ltd. ("ZCM")
(Shenzhen listing code: 002564) have successfully completed a major step in
the governmental approval process with the receipt of the required 20-year
business license on March 18, from the State Administration for Industry &
Commerce of the People's Republic of China (SAIC) in Zhangjiagang, for the
previously announced joint venture, ZCM-SES Sino-U.S. Clean Energy
Technologies Limited ("ZCM-SES" or the "JV"). Within the next 30 days ZCM is
scheduled to make its first cash capital contribution of RMB 53.8 million
(approximately US$8.7 million) and SES is to complete its contribution
authorizing SES Gasification Technology usage by the JV. Remaining customary
government approvals entail the issuance of a verification report, by an
independent accountant, of the registered capital contributions. Once the
registered capital of the Company has been contributed, and upon the issuance
of the final capital contribution certificates, ZCM-SES will be operational.

"Along with our joint venture partner, ZCM, we are pleased to be proceeding
smoothly with China government approvals. ZCM has already been working
diligently on securing the first orders for ZCM-SES, and we have been working
in parallel to ensure a seamless transition of our Shanghai team into the new
joint venture," said Robert Rigdon, SES President and CEO. "A ZCM-SES general
manager has been selected, and will be named after an upcoming meeting of the
JV's Board of Directors."

ZCM has agreed to contribute a total of RMB 100 million (approximately US$16.5
million) to the JV to fund its working capital needs for a 65% ownership
interest. ZCM will have exclusive manufacturing rights for all ZCM-SES
customer projects in China as well as the joint venture's additional markets
of Indonesia, Malaysia, Mongolia, the Philippines, and Vietnam. SES is
contributing exclusive usage of its premiere SES Gasification Technology in
these Asian markets for a 35% interest in ZCM-SES.

ZCM-SES was formed to deliver a comprehensive clean coal gasification solution
to China and select Asian markets, to advance the region's development plans.
The JV combines SES Gasification Technology with the market reach of one of
China's leading and most respected coal-chemical equipment manufacturers. The
uniquely competitive and high growth ZCM-SES clean coal gasification platform
coincides with the recent announcement, by the director of the Shanxi
State-owned Assets Supervision and Administration Commission at the 12^th
National People's Congress, of the planned formation of a large coal to gas,
liquids, glycols and olefins base to provide clean energy to North China.

About Synthesis Energy Systems, Inc.

Synthesis Energy Systems (SES) is a Houston-based technology company focused
on bringing clean high-value energy to developing countries from low-cost and
low-grade coal, biomass and wastes through its proprietary gasification
technology based upon U-Gas®, licensed from the Gas Technology Institute. The
SES Gasification Technology enables greater fuel flexibility for both
large-scale and efficient small- to medium-scale operations close to fuel
sources. Fuel sources include low-rank, low-cost high ash, high moisture
coals, which are significantly cheaper than higher grade coals, many coal
waste products, and biomass feedstocks. For more information, please visit:
www.synthesisenergy.com.

About Zhangjiagang Chemical Machinery Co., Ltd.

Zhangjiagang Chemical Machinery Co., Ltd. is the leading manufacturer of
pressure vessels in China and a leading equipment supplier to the coal and
chemical sectors. It has served China's petro-chemical, coal-chemical,
refinery, metallurgy, green energy, nuclear and offshore industries for more
than four decades. ZCM has more than 3,000 employees across its four
manufacturing plants: Linjiang and Chengyang Plants located in Zhangjiagang,
Jiangsu Province; Urumchi and Ili Plants located in the Sinkiang Autonomous
Area. It also owns and operates port facilities on the Yangtze River, 100km
west of Shanghai. ZCM has received certifications from the H.S.E (Health,
Safety, & Environment) and ASME (American Society of Mechanical Engineers).
Their clients include Shell, GEA, CB&I, Lurgi, Halder Topsoe, KBR, BP,
Mitsubishi, SINOPEC, CNPC, and CNOOC. ZCM is a publicly listed company, listed
on the Shenzhen Exchange since 2011 (Shenzhen listing code: 002564). For more
information, please visit: www.zcmchina.com

Forward-Looking Statements

This press release includes "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. All statements other than
statements of historical fact are forward-looking statements. Forward-looking
statements are subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected. Among those
risks, trends and uncertainties are the development stage of the operations of
SES; the ability of the ZZ joint venture to effectively operate XE's methanol
plant and produce methanol; the ability of the Yima project to produce
earnings and pay dividends; the ability of SES to complete the approval
process with ZCM for their joint venture and then to develop and expand
business in the joint venture territory; its ability to develop its power
business unit and marketing arrangement with GE and its other business
verticals, steel and renewables; its ability to successfully develop its
licensing business; its ability to reduce operating costs; the limited history
and viability of its technology; commodity prices and the availability and
terms of financing opportunities; the ability of SES to obtain the necessary
approvals and permits for future projects; its ability to raise additional
capital and its estimate of the sufficiency of existing capital sources; the
sufficiency of internal controls and procedures; and its results of operations
in foreign countries where it is developing projects. Although Synthesis
Energy Systems believes that in making such forward-looking statements its
expectations are based upon reasonable assumptions, such statements may be
influenced by factors that could cause actual outcomes and results to be
materially different from those projected. Synthesis Energy Systems cannot
assure you that the assumptions upon which these statements are based will
prove to have been correct.

Contact:

MDC Group

Investor Relations:
David Castaneda
Arsen Mugurdumov
414.351.9758
IR@synthesisenergy.com

Media Relations:
Susan Roush
747.222.7012
PR@synthesisenergy.com

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