BPZ Energy Annual Shareholders Meeting Scheduled for June 20, 2008

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Thu Jun 19, 2008 2:59pm EDT

HOUSTON--(Business Wire)--
BPZ Resources, Inc. (AMEX:BZP) announced that the annual meeting
of the shareholders will take place on Friday, June 20, 2008 at 10 am
Central time. The meeting will be held at the Westlake Club, 570
Westlake Park Blvd., Houston, Texas, 77079.

   The annual meeting will be webcast live beginning at 10 am on that
date. Go to
http://investor.shareholder.com/media/eventdetail.cfm?eventid=56071&Co
mp (Due to its length, this URL may need to be copied/pasted into your
Internet browser's address field. Remove the extra space if one
exists.)

   A link for the webcast can also be found on the Company's website
at www.bpzenergy.com. At the request of Dr. Fernando Zuniga y Rivero,
Chairman of the Board, Mr. Manolo Zuniga, President and Chief
Executive Officer, will update shareholders on the Company's
activities in Peru, specifically the Corvina oil production, the
Albacora oil field redevelopment, and the Corvina gas-to-power
project. Mr. Zuniga will also offer an overview of the numerous
prospects identified and opportunities available for the Company in
Peru.

   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.

BPZ Resources, Inc., Houston
Director of Investor Relations and
Corporate Communications
Greg Smith, 281-556-6200

Copyright Business Wire 2008
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