updated 4/8/2011 4:17:50 PM ET 2011-04-08T20:17:50

HOUSTON, April 8, 2011 (GLOBE NEWSWIRE) -- BPZ Resources, Inc. (NYSE:BPZ) announced today that President and CEO, Manolo Zúñiga, will be presenting at the Independent Petroleum Association of America (IPAA) Oil and Gas Investment Symposium being held in New York City. Mr. Zúñiga will present on Wednesday, April 13, 2011 at 10:30 am EDT.

The live event will be available via webcast on the BPZ Energy website ( www.BPZenergy.com ) in the Investor Relations, Events & Webcasts section. A replay will also be available on the Company website later in the day.

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. Please visit the Company's website at http://www.bpzenergy.com for more information.

CONTACT: A. Pierre Dubois
         Investor Relations and Corporate Communications
         BPZ Energy
         (281) 752-1240
         pierre_dubois@bpzenergy.com

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