BPZ Energy to Host Annual Shareholder Meeting

HOUSTON, June 19, 2012 (GLOBE NEWSWIRE) -- BPZ Energy (NYSE:BPZ) (BVL:BPZ), will hold its annual meeting for shareholders on June 22, 2012 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. Manolo Zuniga, President and Chief Executive Officer, will make a presentation to shareholders once the general business has been conducted.

The annual meeting and presentation 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.

About BPZ Energy

Houston-based BPZ Energy, which trades as BPZ Resources, Inc. on the New York Stock Exchange and Bolsa de Valores in Lima, Peru is an independent oil and gas exploration and production company with license contracts for oil and gas exploration and production covering approximately 2.2 million gross 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
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