updated 3/3/2011 4:17:45 PM ET 2011-03-03T21:17:45

HOUSTON, March 3, 2011 (GLOBE NEWSWIRE) -- BPZ Resources, Inc. (NYSE:BPZ) will attend the 32nd Annual Raymond James Institutional Investor Conference in Orlando, Florida on March 7 - 9, 2011. The Company will be presenting on Monday, March 7, 2011 at 11:35 AM Eastern Time. Manolo Zuniga, President and Chief Executive Officer, will present on behalf of the Company. If you are unable to attend the live event and wish to view the presentation via webcast, you may do so by clicking on the link below.

http://www.wsw.com/webcast/rj62/bzp/

About BPZ Energy

Houston based BPZ Energy is an oil and gas exploration and production company which has exclusive license contracts for oil and gas exploration and production covering approximately 2.2 million acres in four properties in northwest Peru. It also owns a minority working interest in a producing property in southwest Ecuador. The Company is currently executing the development in Block Z-1 of the Corvina oil discovery, as well as the redevelopment of the Albacora oil field, and the exploration of Blocks XIX, XXII and XXIII, in parallel with the execution of an integrated gas-to-power strategy, which includes generation and sale of electric power in Peru and the development of a regional gas marketing strategy. The Company's website at www.bpzenergy.com provides additional information about the Company's plans, including photographs and other information with respect to its operations.

CONTACT: Ed Caminos
         Chief Financial Officer
         281-752-1202

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