updated 6/21/2011 12:17:29 PM ET 2011-06-21T16:17:29

HOUSTON, June 21, 2011 (GLOBE NEWSWIRE) -- BPZ Energy (NYSE:BPZ), will hold its annual meeting for shareholders on June 24, 2011 at 10 a.m. Central Time (11 a.m. Eastern Time). The meeting will be hosted by Mr. James Taylor, Chairman of the Board of Directors of BPZ Resources, Inc. at the Westlake Club, 570 Westlake Park Boulevard, 7th Floor, Houston, Texas 77079.  Mr. Taylor has invited Mr. Manolo Zúñiga, President and Chief Executive Officer, to make a presentation to shareholders once the general business has been conducted. 

The annual meeting will be available via a live 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, which trades as BPZ Resources, Inc. on the New York Stock Exchange, is an independent 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. 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 also owns a minority working interest in a producing property in southwest Ecuador. Please visit the Company's website at 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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