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Zion Oil & Gas To Sponsor Christians United For Israel's (CUFI) "Night To Honor Israel"

DALLAS and CAESAREA, Israel, June 23, 2010 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) announced today that it will sponsor both the " Night to Honor Israel" banquet and the "Ambassadors" reception, during the Summit at the Fifth Annual Washington-Israel Summit of Christians United for Israel (CUFI).

The Summit will take place in Washington, D.C. during July 20-22. The banquet will occur on Wednesday evening, July 21. Pastor John Hagee and Israel's Ambassador to the U.S., Michael Oren, are scheduled to speak at the banquet. It is expected that John Brown, Zion's Founder and Chairman, will be interviewed by Pastor John Hagee during the Summit and that the interview will be broadcast on the Daystar Television Network during the "Night to Honor Israel". In addition, CUFI will broadcast a video about Zion at the banquet's pre-event, and the banquet's proceedings will be telecast by live-feed over the Daystar Television network.

John Brown, Zion's Founder and Chairman, commented today, "Zion is proud to be a part of the CUFI Washington-Israel Summit and to support CUFI's educational and public policy work in support of Israel."

Zion's common stock trades on the NASDAQ Global Market under the symbol "ZN" and Zion's warrants trade under the symbol "ZNWAW".

Zion Oil & Gas, a Delaware corporation, explores for oil and gas in Israel in areas located on-shore between Haifa and Tel Aviv. It currently holds two petroleum exploration licenses, the Joseph and the Asher-Menashe Licenses, between Netanya, in the south, and Haifa, in the north, covering a total of approximately 162,000 acres and the Issachar-Zebulun Permit Area, adjacent to and to the east of Zion's Asher-Menashe license area, covering approximately 165,000 acres. Zion's total petroleum exploration rights area is approximately 327,000 acres.

Zion's homepage may be found at: www.zionoil.com

The Zion Oil & Gas, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6850

CONTACT:  Zion Oil & Gas, Inc.
          Mike Williams
          214-221-4610
          dallas@zionoil.com

Zion Oil & Gas Logo

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