SOURCE: First Liberty Power Corp.

March 23, 2010 11:00 ET

First Liberty Power Corp. Announces Exploration Agreement With Clayton Valley Specialist GeoXplor Corp.

LAS VEGAS, NV--(Marketwire - March 23, 2010) -  First Liberty Power Corp. ("the Company") (OTCBB: FLPC) announced today that it has signed an agreement in principle with GeoXplor Corp. to explore and potentially develop the Company's mineral claims in Esmeralda County Nevada (the LVW claims) and San Juan County Utah (the Uravan claims).

First Liberty Power Corp. President and Chief Executive Officer Glyn R. Garner said, "GeoXplor was the first exploration company to recognize the lithium brine opportunities that existed in the Clayton Valley area and has staked over 200,000 acres of geologically viable ground and has entered into numerous option agreements with other companies." Garner added, "Within the Clayton Valley area, GeoXplor has conducted numerous gravity and seismic surveys and was instrumental in facilitating the successful drilling of the anomalies associated with these surveys. Also, GeoXplor was one of the first geological consulting firms to utilize and perfect the field applications of the Radon Flux Monitor that has been successful in delineating the vanadium and uranium paleo channels of South Eastern Utah. I believe engaging GeoXplor Corp. on these projects is a key first step for the Company."

The LVW claims share a similar geology and weathering history to nearby Clayton Valley, the LVW Claims are located within 15 miles of the Montezuma Peak, which is believed to be the source of the regions lithium. The north end of Clayton Valley hosts Chemetall Foote Corporation's Silver Peak Mine, the only lithium brine producer in the United States. Mine production comes from a lithium enriched brine located below the surface. This plant has been in production since 1967 and is designed to produce up to 1.2 million kilograms of lithium hydroxide per annum.

The Uravan Mineral claims are located within the Colorado Plateau near the Utah-Colorado border. A preliminary radon survey was completed on the Uravan Mineral Claims during September 2009. The preliminary radon survey data indicates an anomalous east-west radiometric trend. The size of the anomalies appears to be similar to the size of the high grade vanadium-uranium beds mined from the nearby Firefly, Gray Daun and Vanadium Queen Mine. The channel system already delineated by the radon survey is part of the channel system that hosts the Pandora and Beaver Shaft mines, both producing Uranium and Vanadium ore that is transported to and processed at the Dennison Mill located near Blanding, Utah.

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, entering into a definitive agreement with GeoXplor, Lithium production from the Clayton Valley or surrounding region, 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.

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