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

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

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