On June 12, 2012, Zion Oil & Gas, Inc. (the "Company") held its 2012 Annual Meeting of Stockholders (the "2012 Annual Meeting") at the Dan Caesarea Hotel in Caesarea, Israel. As of April 16, 2012, the record date for the 2012 Annual Meeting, there were 30,460,490 shares of common stock issued and outstanding. A quorum of common stockholders, present in person or by proxy, representing 22,086,451 shares of common stock was present at the 2012 Annual Meeting. The final voting results of the 2012 Annual Meeting are set forth below.

1. Proposal to Elect Class I Directors to Serve until the 2015 Annual Meeting of Stockholders.

The Company's common stockholders elected each of the Company's three nominees for Class I Directors to serve a term of three years to expire at the 2015 Annual Meeting of stockholders or until their respective successors are duly elected and qualified, as set forth below:

Name               Votes For   Votes Withheld   Broker Non-Votes
John Brown         5,407,700      511,104          16,167,647
Forrest A. Garb    5,508,302      410,502          16,167,647
Julian D. Taylor   5,544,731      374,073          16,167,647

2. Proposal to ratify the appointment of MaloneBailey, LLP. as the Company's auditors for the year ending December 31, 2012.

The Company's common stockholders ratified the appointment of MaloneBailey, LLP. , as the Company's auditors for the year ending December 31, 2012, as follows:

Votes For Votes Against Abstain Broker Non-Votes 21,840,064 78,272 168,115 0

3. Proposal to approve, in a nonbinding advisory vote, the compensation of the Company's named executive officers.

The Company's common stockholders approved, in a nonbinding and advisory vote, the compensation of its named executive officers as described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 30, 2012 for the 2012 Annual Meeting, as set forth below:

Votes For Votes Against Abstain Broker Non-Votes 4,999,846 767,821 151,137 16,167,647