Zion Oil & Gas, Inc.

Zion Applies for New Exploration License in Megiddo-Jezreel Valley Area, Israel

DALLAS and CAESAREA, Israel, April 18, 2013 (GLOBE NEWSWIRE) --

Zion Oil & Gas, Inc.

Zion Oil and Gas Launches Dividend Reinvestment and Direct Stock Purchase Plan

DALLAS and CAESAREA, Israel, March 27, 2013 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) today announced the introduction of a Dividend Reinvestment and Common Stock Purchase Plan for existing shareholders and prospective investors. The Plan allows investors to purchase shares of Zion's common stock directly from the Company and reinvest cash dividends (when and if Zion pays dividends in the future), without the payment of fees and commissions typically charged by stockbrokers for small transactions.

Zion Oil & Gas, Inc.

Zion Oil Confirms Three Day Broker Protect Period for ZNWAW and ZNWAZ Warrants

DALLAS and CAESAREA, Israel, Dec. 11, 2012 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) confirmed today that its common stock warrants which publicly trade under the symbol "

Zion Oil & Gas, Inc.

Photo Release -- Zion Oil & Gas, Inc. Names New Interim Chief Executive Officer

DALLAS and CAESAREA, Israel, Oct. 25, 2012 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) announced today that, effective October 18, 2012, Zion's Board of Directors unanimously appointed Mr. John Brown, Zion's Executive Board Chairman, as Interim Chief Executive Officer, replacing Richard J. Rinberg who resigned from Zion on the same day by mutual and amicable agreement. Mr. Brown will also maintain his current responsibilities as Executive Board Chairman until a permanent Chief Executive Officer has been selected.

Zion Oil & Gas, Inc.

Zion Oil Reduces the Exercise Price of Outstanding Warrants

DALLAS and CAESAREA, Israel, Oct. 22, 2012 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) (Nasdaq:ZNWAW) (Nasdaq:ZNWAZ) today announced that it has reduced the exercise price to $1.75 of both series of its outstanding publicly traded warrants quoted under the symbols "

Zion Oil & Gas, Inc.

Zion Oil & Gas Announces Successful Re-Entry Operations at Its Elijah #3 Well in Northern Israel

DALLAS and CAESAREA, Israel, Aug. 8, 2012 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) announced the successful end of field operations at its Elijah #3 wellsite within its 78,824 acre Asher-Menashe License in northern Israel.

Zion Oil & Gas, Inc.

Zion Oil Confirms Three Day Broker Protect Period for ZNWAL Warrants

DALLAS, Texas and CAESAREA, Israel, Aug. 2, 2012 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) confirmed today that its common stock warrants which publicly trade under the symbol "

Zion Oil & Gas, Inc.

Zion Oil & Gas to Re-Enter the Elijah #3 Well in Northern Israel

DALLAS and CAESAREA, Israel, July 2, 2012 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) announced today that, on June 28, 2012, it signed an agreement with Lapidoth Israel Oil Prospectors Corp. Ltd ("Lapidoth") regarding further exploratory work to be performed in Zion's Asher-Menashe License area in northern Israel.

Zion Oil & Gas, Inc.

Zion Oil Reduces the Exercise Price of Outstanding Warrants

DALLAS and CAESAREA, Israel, June 6, 2012 (GLOBE NEWSWIRE) --

Zion Oil & Gas, Inc.

Zion Oil Executes Memorandum of Understanding Regarding Drilling Partnership

DALLAS and CAESAREA, Israel, June 4, 2012 (GLOBE NEWSWIRE) --