SOURCE: First Liberty Power Corp.

May 25, 2010 09:00 ET

First Liberty Power Acquires Additional Mineral Claims

LAS VEGAS, NV--(Marketwire - May 25, 2010) - First Liberty Power Corp. (OTCBB: FLPC) announced today that it has acquired an additional 35 lode claims covering approximately 700 acres of BLM (Bureau of Land Management) land in San Juan County, Utah.

The geophysical anomalies identified by a preliminary Radon Survey on its Uravan property have delineated the ore bearing channel (Morrison Formation) for high grade vanadium-uranium historically mined from the nearby Firefly, Gray Daun and Vanadium Queen Mine to be potentially laterally extensive. Historical data shows ore produced at the nearby Firefly mine through 1956 averaged over 2% Vanadium. The expansion of the Uravan Mineral Claim block increases First Liberty's land holdings in the area in excess of 1900 acres.

Glyn R. Garner, President and CEO of First Liberty Power Corp., commented, "The decision to expand the exploration opportunities to our Vanadium project was inspired by anticipated demand for the metal. The primary factor influencing this projects upswing is a growing environmental pressure for a "greener" energy supply with larger capacity. Increased use of Vanadium Redox Flow batteries may be a major component to achieve this ideal, especially for large scale energy storage."

A detailed radon survey is anticipated to be performed in the summer of 2010 to define drill targets and delineate tonnage and grade within the Uravan Claim Block.

First Liberty Power Corp. is a Nevada-based mineral exploration company with a primary focus on lithium and vanadium exploration and development in the United States. The Company is positioned to capitalize on the anticipated increase in demand for both lithium carbonate and vanadium that is projected to result from the adoption and use of clean renewable energy that will fuel demand for products that utilize lithium-ion batteries and vanadium redox batteries.

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the scope of the anomalies identified by the initial Radon surveys, that the size of the anomalies appear to be similar to the size of the high grade vanadium-uranium beds mined from the Firefly, Gray Daun and Vanadium Queen Mine, and any mineralization, exploration and development of our mineral properties, specifically in regards to Lithium and Vanadium.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    First Liberty Power Corp.
    Tel: +1 888 331 8777