BPZ to Present at IPAA Oil & Gas Investment Symposium.

HOUSTON -- BPZ Energy, Inc. (AMEX:BZP) announced today that they will be presenting the Company profile at the Independent Petroleum Association of America (IPAA) Oil & Gas Investment Symposium on Monday, April 23, 2007.

The IPAA Oil & Gas Investment Symposium is held in New York April 23 to 25, 2007. It is the premier outlet for publicly traded independent exploration and production and service and supply companies to present their company profile to the investment community including buy-side analysts and portfolio managers.

Manolo ZASiga, President and CEO of BPZ Energy, will make the Company presentation at 10:30 AM EDT on Monday, April 23, 2007. The presentation will be web cast live and will be available at the Company's web site, www.bpzenergy.com.

About BPZ Energy

Houston-based BPZ Energy, Inc. is an oil and gas exploration and production company with properties in northwest Peru and southwest Ecuador. It is executing an integrated gas-to-power strategy, which includes generation and sale of electric power in Peru and sales of gas into Ecuador for third-party power generation, in parallel to the development of the Corvina oil field and the redevelopment of the Albacora oil field. BPZ has exclusive rights and license agreements for oil and gas exploration and production covering approximately 2.4 million acres in four properties in northwest Peru. It also owns a working interest in a producing property in southwest Ecuador. 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.