BPZ Reaches AMEX Milestone

BPZ Energy, Inc. said that it has received approval for listing of its common shares on the American Stock Exchange (AMEX).

BPZ Energy shares are expected to begin trading on the AMEX on Friday, January 12, 2007, under the symbol "BZP". The company has chosen Kellogg Capital Group, LLC as its AMEX Specialist.

Investors are cautioned that this approval is contingent upon the company being in compliance with all applicable listing standards on the date it begins trading on the AMEX, and may be rescinded if the company is not in compliance with such standards.

Manolo Zuniga, President and CEO of BPZ Energy, said: "This is a significant milestone in the continuing growth of BPZ Energy. One of our primary goals since the inception of the company has been to have a listing on the American Stock Exchange, which many consider to be the premiere exchange for energy companies like BPZ. We believe this listing will provide improved liquidity and price transparency for our shareholders and an overall higher profile for our company."

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 its first project in the region, an integrated gas-to-power strategy that includes generation and sale of electric power in Peru and sales of gas into Ecuador for third-party power generation. 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 minority working interest in a producing property in southwest Ecuador.