Andrew Summey (VP, Marketing & Investor Relations) and Cecelia Zimmermann (Marketing and IR Manager) discuss the following questions:

• What is a proxy vote?


• What’s the difference in investing in the DSPP or through a broker?


• How can someone participate in the DSPP?


• Who is AST Financial?


• How often will registered shareholders get account updates from AST Financial?


• AST Online Account issues? Who should you call?


• How does a registered investor participating in the DSPP set up recurring investments?


• How does a registered investor participating in the DSPP sell their stock?

Zion Oil & Gas, a public company traded on NASDAQ (ZN), explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel license area.

Website: www.zionoil.com

FORWARD-LOOKING STATEMENT: This podcast contains forward-looking statements. Statements in this communication that are not historical fact, including statements regarding Zion’s planned operations, anticipated attributes of geological strata that may be drilled or tested in the future, import of the rig it purchased into Israel in a timely manner and Zion’s ability to successfully raise the funds needed to undertake all of its planned exploration efforts; Zion’s ability to continue as a going concern; Zion’s ability to have its common stock continue to be listed on the Nasdaq Capital Market; the timing and completion of the processing, interpretation of the results and plans contingent thereon of the 3 D seismic survey, the timing of the importation onto the well site of the purchased drilling rig, approvals needed for the rig’s erection and startup, the effect, if any, of the coronavirus pandemic on the timing of the delivery and start-up of the well, and operational risks in ongoing exploration efforts, are forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. 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.