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BPZ Energy CEO Manolo Zuniga to Address Investors and Analysts

October 16, 2008

BPZ Resources, Inc. (NYSE Alternext US:BPZ) will host a conference call today at 4pm Eastern/3pm Central time to address investors and analysts. Manolo Zuniga, BPZ’s President and Chief Executive Officer, will discuss the following items:

— 20XD well test results

— Recent developments in Peru

— Update on financings

To access the conference call the dial-in numbers are:

United States 1-800-762-8795

International 1-480-629-9041

Please reference conference code: 3934028

The audio will also be available at:

http://www.shareholder.com/BPZI/MediaRegister.cfm?MediaID=33823

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 2.4 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 of the Corvina oil discovery, the redevelopment of the Albacora oil field, and the exploration of Block XIX, 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.




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