Synergy Resources Corporation Completes Private Equity Offering of 1,000,000 Units

DENVER--(Business Wire)--
Synergy Resources Corporation (OTCBB:SYRG), a development stage oil and gas
exploration and production company, announced the completion of a private
offering of 1,000,000 units at a price of $3.00 per unit. Each unit consisted of
two shares of the Company`s common stock, one Series A Warrant and on Series B
Warrant.

Each Series A Warrant entitles the holder to purchase one share of the Company`s
common stock at a price of $6.00 per share. The Series A Warrants expire on the
earlier of December 31, 2012 or twenty days following written notification from
the Company that its common stock had a closing bid price at or above $7.00 for
any ten of twenty consecutive trading days.

Each Series B Warrant entitles the holder to purchase one share of the Company`s
common stock at a price of $10.00 per share. The Series B Warrants expire on the
earlier of December 31, 2012 or twenty days following written notification from
the Company that its common stock had a closing bid price at or above $12.00 for
any ten of twenty consecutive trading days.

With the completion of this offering, Synergy has now successfully raised over
$5.5 million in equity capital financing.

Synergy Resources also announced that the information previously released
concerning 28 oil & gas well permits and 10 pending permits with the Colorado
Oil & Gas Conservation Commission have now been approved and issued under
Synergy Resources Corporation as operator, bringing a total number of permits to
38. Ed Holloway (CEO) states, "With the successful completion of the private
offering and approved permits, Synergy is in a position to move forward with its
2009/2010 drilling program."

More company news and information is available at www.SYRGinfo.com.

About Synergy Resources Corporation

Synergy Resources Corporation is a development stage 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 the 7th largest field
in the U.S. in terms of proved gas reserves and 9th in production. Synergy has
corporate offices in Platteville, Colorado and on 17th Street in downtown
Denver.

Synergy Resources Corporation
Ben Barton, 303-623-3966
Director Investors Relations

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