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How Many Companies Are Left on Wall Street That Haven't Suffered a Free Fall in Stock Price?
Contact: Matt Dickerson, Interloop Media, 918-619-3837, matt@interloopmedia.com; for Zion Oil & Gas, Inc.

MEDIA ADVISORY, Aug. 31 /Christian Newswire/ -- In the midst of the stock market's darkest days since the Great Depression, Zion Oil & Gas, Inc., (www.zionoil.com) with offices in Dallas, Texas, and Caesarea, Israel, is not only defying the odds on Wall Street, they're making history in the Holy Land. Zion Oil & Gas, holding exploration licenses and permits covering approximately 327,000 acres, explores for oil and gas in Israel using a combination of faith and science as its guide. Zion's second well, the Ma'anit-Rehoboth #2 is nearing its target depth of 18,040 feet, potentially in Israel's Permian strata, and as they drill, not only has Zion's stock held its value, the Company's recent $21 million rights offering was oversubscribed.

To help answer the market's clear interest in their mission, Zion Oil & Gas, Inc., will move from the NYSE Amex exchange to the electronic NASDAQ Global Market and 'ring the bell' in New York on September 2nd to open the market.

To receive a press package or schedule an interview with Zion, please contact:

Matt Dickerson
Interloop Media
(918) 619-3837

FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding Zion's planned operations, potential results thereof and potential effects of those results are forward-looking statements as defined in the "Safe Harbor" provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are described in Zion's periodic reports filed with the SEC and are beyond Zion's control. These risks could cause Zion's actual performance to differ materially from the results predicted by these forward-looking statements. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.

NOTICE: Zion Oil & Gas, Inc. has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about Zion Oil & Gas and its offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Zion Oil & Gas will send you the prospectus if you request it by calling toll free 1-888-TX1-ZION (1-888-891-9466).

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

Zion Oil & Gas, Inc.
Brittany Russell, 214-221-4610