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Press release from GlobeNewswire (a Nasdaq OMX company)

CORRECTION -- BPZ Energy Announces 2013 Capital Plan and Provides Block Z-1 Operational Update

Tuesday, January 22, 2013

CORRECTION -- BPZ Energy Announces 2013 Capital Plan and Provides Block Z-1 Operational Update11:39 EST Tuesday, January 22, 2013 HOUSTON, Jan. 22, 2013 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by BPZ Energy (NYSE:BPZ) (BVL:BPZ), please note that the budgeted amount in the third paragraph should read $76 million ($149 million gross), not $79 million ($149 million gross) as originally issued.CONTACT: Investor and Media Contact: A. Pierre Dubois Investor Relations & Corporate Communications BPZ Energy (281) 752-1240 pierre_dubois@bpzenergy.com