DALLAS & CAESAREA, Israel–(BUSINESS WIRE)–Zion Oil & Gas, Inc. (NYSE Alternext US: ZN) announced today that, effective February 1, 2009, Martin M. Van Brauman has been appointed as Chief Legal Officer and Senior Vice President and that Sandra Green has been appointed as Chief Financial Officer and Senior Vice President.

Mr. Van Brauman holds a B.E. degree from Vanderbilt University, a Doctor of Jurisprudence degree from St. Mary’s University and an M.B.A. (Beta Gamma Sigma) and LL.M. (Tax Law), from Southern Methodist University and has over 22 years of experience in corporate tax and accounting analysis. Mr. Van Brauman, Board Certified in Tax Law by the Texas Board of Legal Specialization, is currently Zion’s Chief Financial Officer, a post he has held since July 2007. He spent 12 years as a Senior Attorney (International Specialist and Petroleum Industry Specialist) with the Office of Chief Counsel, IRS, providing legal support for complex issues concerning major U.S. oil companies and the preparation of requests for Technical Advice Memoranda for the Petroleum Industry Group, following which he spent three years as a tax consultant with the global accounting firms of Deloitte & Touche and Grant Thornton and then in private practice with over three years as a member in the law firm of Gibson, Wiley, Cho & Van Brauman, PLLC.

Ms. Green has been Chief Accounting Officer of Zion since July 2007, Assistant Treasurer since November 2006, Director of Planning since March 2005 and Assistant Secretary since December 2005. Ms. Green holds a Bachelors Degree in Business Administration from the University of Texas at Tyler and has over 17 years experience in corporate accounting. Ms. Green is a Certified Public Accountant in the State of Texas.

Zion’s Chief Executive Officer, Richard Rinberg, said today that “The appointment of Martin M. Van Brauman as Chief Legal Officer and Sandra Green as Chief Financial Officer is a strategic repositioning of Zion?s management team. By dynamically redefining the roles within our management team, we continue to improve the total management contribution to Zion.”

Zion?s common stock trades on the NYSE Alternext US under the symbol ?ZN? and Zion?s units will trade under the symbol ?ZN.U?.

Zion Oil & Gas, Inc., a Delaware corporation, explores for oil and gas in Israel in areas located onshore between Tel-Aviv and Haifa. It currently holds two petroleum exploration licenses, the Joseph and Asher-Menashe Licenses, between Netanya on the south and Haifa on the north, covering a total of approximately 162,000 acres.

FORWARD-LOOKING STATEMENTS: Statements in this press release that are not historical fact, including statements regarding Zion?s planned operations, potential results thereof and plans contingent thereon, are forward-looking statements as defined in the ?Safe Harbor? provisions 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.

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