Contact: Zion Oil and Gas, Inc., 214-221-4610

DALLAS, Texas, and CAESAREA, Israel, April 19, 2012 /Christian Newswire/ -- Zion Oil & Gas, Inc. (Nasdaq:ZN) announces that it will sponsor both the "Night to Honor Israel" banquet and the "Ambassadors" reception at the upcoming Summit at the 7th Annual Washington-Israel Summit of Christians United for Israel (CUFI).

The Summit will take place in Washington, D.C. during July 16-18, 2012. The banquet will take place on Tuesday evening, July 17. Pastor John Hagee (CUFI Founder and National Chairman), Michael Oren (Israel's Ambassador to the U.S.) and Richard Rinberg (Zion's Chief Executive Officer) 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."

Zion Oil & Gas, a Delaware corporation, explores for oil and gas in Israel in areas located onshore between Haifa and Tel Aviv. It currently holds three petroleum exploration licenses: the Joseph License (on approximately 83,272 acres) and the Asher-Menashe License (on approximately 78,824 acres) between Netanya, in the south, and Haifa, in the north, and the Jordan Valley License (on approximately 55,845 acres), just south of the Sea of Galilee. The total license area amounts to approximately 218,000 acres.

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