updated 3/8/2011 4:17:36 PM ET 2011-03-08T21:17:36

HOUSTON, March 8, 2011 (GLOBE NEWSWIRE) -- BPZ Resources, Inc. (NYSE:BPZ) will host a conference call to discuss fourth quarter and year end 2010 financial and operational results on Wednesday, March, 16, 2011 at 11AM Eastern Time/ 10 AM Central Time. The Company plans to issue an earnings press release at close of market on Tuesday, March 15, 2011.

Dial-in numbers:  Participant Dial-In Number(s): (877) 293 - 5457
   
  Participant Dial-In Number(s): (707) 287 - 9344
   
  Use Conference Code: 49463774

You can also listen from your computer by clicking on the following link:

http://ir.bpzenergy.com/eventdetail.cfm?eventid=93759

Replay Telephone Numbers:

(800) 642-1687

(706) 645-9291

Replay code: 49463774 available through March 23, 2011.

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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