[September 19, 2018]

The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Zion Oil & Gas, Inc. Investors

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Zion Oil & Gas, Inc. ("Zion" or the "Company") (NASDAQ: ZN) securities between March 12, 2018, and July 10, 2018, inclusive (the "Class Period"). Investors have until October 9, 2018 to file a lead plaintiff motion.

Investors suffering losses on their Zion investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

On July 11, 2018, Zion disclosed that the Company had received a subpoena to produce documents from the Fort Worth office of the Securities and Exchange Commission ("SEC (News - Alert)"), informng Zion of the existence of a non-public, fact-finding inquiry into the Company. On this news, Zion's share price fell $0.44 per share, or 11%, to close at $3.56 per share on July 12, 2018, thereby injuring investors.

The Complaint filed in this class action alleges that Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Zion was either already or was likely to soon become the subject of an SEC investigation; and (2) as a result, Zion's public statements were materially false and misleading at all relevant times.

If you purchased shares of Zion during the Class Period you may move the Court no later than October 9, 2018 to be appointed lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180919005874/en/

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