updated 9/8/2010 10:46:45 AM ET 2010-09-08T14:46:45

DALLAS, Texas and CAESAREA, Israel, Sept. 8, 2010 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) announced today that Victor Carrillo, currently serving as Chairman of the Railroad Commission of Texas, has joined the Company as a member of its Board of Directors.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7967

Victor Carrillo, a petroleum geologist and geophysicist, attorney, former Abilene City Councilman, former Taylor County Judge, and a current Commissioner of the Texas Railroad Commission, has over 20 years of experience in the oil and gas industry, specifically in exploration and production. Mr. Carrillo earned his law degree from the University of Houston Law Center, a Master of Science degree in geology from Baylor University, and a Bachelor of Science degree in geology from Hardin-Simmons University. Mr. Carrillo also received an honorary doctorate degree from Hardin-Simmons University in May 2006.

Mr. John Brown, Chairman of the Board and Founder, said: "We are delighted to have Victor Carrillo joining our Board of Directors. He brings an immense wealth of experience in the petroleum industry to Zion and has a unique and valuable set of skills that will serve as a tremendous asset to our Company, as we continue our pursuit to recover hydrocarbons in Israel. He will immediately join Zion's Technical Committee, where I expect his involvement to bring a great benefit."

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.

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

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

The photo is also available at Newscom, www.newscom.com , and via AP PhotoExpress.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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