BPZ Energy to Host Conference Call for Third Quarter 2012 Results

HOUSTON, Oct. 26, 2012 (GLOBE NEWSWIRE) -- BPZ Energy, (NYSE:BPZ) (BVL:BPZ), an independent oil and gas exploration and production company, today announced that the Company will host a conference call and webcast to discuss third quarter 2012 financial and operational results on Friday, November 9, 2012, at 10:00 a.m. Central Standard Time (11:00 a.m. Eastern Standard Time).

The live conference call may be accessed via the Investor Relations, Events & Presentations section of the Company's website at www.bpzenergy.com, or by accessing the following dial-in numbers:

US and Canada Dial-In: (877) 293-5457

International Dial-In: (707) 287-9344

Conference Code: 55163298

A replay of the call will also be available at the Investor Relations section of the Company's website later in the day.

About BPZ Energy

Houston-based BPZ Energy, which trades as BPZ Resources, Inc. on the New York Stock Exchange and the Bolsa de Valores in Lima, is an independent oil and gas exploration and production company which has license contracts for oil and gas exploration and production covering approximately 2.2 million gross acres in four properties in northwest Peru. In partnership with Pacific Rubiales Energy Corp., 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. In addition, the Company is pursuing 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 non-operating net profits 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 & Corporate Communications
         BPZ Energy
         USA (281) 752-1240
         pierre_dubois@bpzenergy.com
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