SOURCE: First Liberty Power Corp.

January 08, 2013 10:30 ET

First Liberty Power Corp. -- Summation of the Fencemaker Property 43-101 Report

LAS VEGAS, NV--(Marketwire - Jan 8, 2013) - First Liberty Power Corp. (OTCQB: FLPC) (the "Company") is pleased to present an abridged review to investors on our recent 43-101 report completed on the Antimony property known as Fencemaker.

In March 2012, the report author visited the Fencemaker property to evaluate the project's mineral potential for antimony and associated minerals, including Carlin-type gold. The conclusion was for a Phase 1 exploration program to be carried out to determine the extent of stibnite (antimony) mineralization that had been recognized in old mine workings on the property. Work by the report author in March 2012 included sampling of ore dump and hanging wall material as well as historical reports that noted gold and silver had been recovered. The purpose of the Phase 1 was to help to determine continuity and grade of mineralization on the Fencemaker property.

In July 2012, a Phase 1 program of reverse circulation (RC) drilling was initiated to test the down dip and strike extension of mineralization known to be present in the Fencemaker mine. This program consisted of a total of 2350 feet (716 m) from thirteen (13) holes collared in the hanging wall of the structure. It was the author's opinion that a significant amount of antimony mineralization exists at Fencemaker, with an inferred resource of 34,125 tons. The complete report describes the results of that Phase 1 program, including budget recommendations and a program for continuation of drilling.

Mining operations would consist of drilling, blasting and ore removal from an existing underground mine audit and processing of the ore at a separately located sorting/crushing plant. The report showed the presence of high grade stibnite (Sb2S3) up to 7.94% Sb in the "typical" ore. Both current and historical observations suggest both structurally-controlled replacement antimony and carbonate sedimentary-hosted in addition to disseminated gold type deposits may also be present. Only background values in gold were noted in the report.

CEO Nicholson remarked that "the report is specific to the standards dictated by National Instrument 43-101, companion policy NI43-101CP and Form 43-101F (Standards of Disclosure for Mineral Projects) in respect to the Fencemaker Property and is intended to document the economic potential for antimony mineralization on the property." He also stated that "the completed report is available on the Company's website at www.firstlibertystrategic.com."

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 plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital.

Actual results could differ from those projected in any forward-looking statements due to numerous factors, including 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 they 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 SEC.

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