Direction of arrival (DoA) estimation is a key area of sensor array processing which is encountered in a broad range of important engineering applications. This fact together with the development of the Compressed Sensing (CS) area in the last years are the principal motivation of this thesis. In this dissertation, a formulation of the source localization problem as a sparse signal representation problem is presented and several sparse recovery algorithms are derived and investigated for solving the current problem. The proposed algorithms are based on the incorporation of the prior information about the sparse signal in the estimation process. In the first part, we focus on the development of two Bayesian greedy algorithms which are principally based on the iterative hard thresholding (IHT) algorithm. Due to the inferior performance of the conventional DoA estimation algorithm in scenarios with correlated sources, we pay special attention to the performance of the proposed algorithms under this condition. In the second part, the optimization problem using a l1 penalty is introduced and a Bayesian algorithm for solving the basis pursuit denoising problem is presented. Simulation results shows that Bayesian estimators which take into account the prior knowledge of the signal distribution outperform and improve substantially the performance of the non-Bayesian estimators.