Zion Oil & Gas amends bylaws to raise thresholds for special meetings and shareholder proposals

ZION OIL & GAS INC

Special meetings now require written request from holders of at least 50% of voting shares.
Shareholders proposing business (non-director election) must own 20% of shares continuously for at least one year.
Board may cancel special meeting if revocations reduce support below 50% threshold.
Advance notice for proposals at annual meetings: 90-120 days before anniversary; for special meetings: within 10 days of notice.
Identical or substantially similar items presented in last 120 days bar a new special meeting request.

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