Zion Oil & Gas extends Unit Option Program deadline to February 29, 2024

ZION OIL & GAS INC

Unit Option under DSPP extended from Jan 31 to Feb 29, 2024; each Unit priced at $250.
Each Unit includes common shares and 50 warrants exercisable at $0.25 per share.
AMI enrollees who purchase at least one Unit receive an additional 50 warrants.
ZNWBA warrants exercisable from March 15, 2024 through March 14, 2025.
Warrant Agent Agreement with Equiniti Trust Company executed and amended.

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