LAS VEGAS, March 25, 2013 /PRNewswire/ --First Liberty Power Corp. (FLPC), an innovative and diversified mine exploration and development company focused on bringing to market "Mined in America" strategic industrial minerals, announced today the filing of its 2nd quarter financial statements with the Securities and Exchange Commission.

During this last quarter, First Liberty Power has made considerable progress on a number of fronts, as well as faced some challenges. With a strong team in place, the rate of progress has improved, and more capabilities are in place to deal with obstacles. Of particular importance was Mr. Mario Beckles joining our team as CFO/Treasurer, and Mr. Robert Reynolds extending his role to become our VP Operations - both of whom have greatly added to our depth of expertise and capacity to manage the various projects we have underway.

The company also established its Pathways of Progress program, which has made a significant difference in the extent of corporate development and quality of communication. This program provides a structure for the organization to follow best corporate practices, including transparent and regular communication, while working to have each property project move towards production as rapidly as possible. CEO, Don Nicholson, stated, "We are concentrating on our Fencemaker antimony property during the next three months as it is our objective to bring the Fencemaker property into initial production as soon as possible. Equally important though during this period will be to continue with the next stages on the lithium and vanadium/uranium properties in order to make important progress towards their plan of operations."

The company is continuing to pursue several avenues to obtain additional short term and medium term financing, and expect to have announcements on progress in that area within the next couple of weeks. The company also acknowledges some of the challenges faced with certain of our prior financings, and the dilutive effect on the capitalization structure. While the company remains appreciative for all of the investor support we have received in the past as well as the ongoing support, we also acknowledge that our future larger financings must have a structure which is sustainable and beneficial over the long run. First Liberty Power will continue to make every effort in this regard, and will continue to communicate progress and plans.

Our CFO, Mr. Beckles, has also been making great advances in developing and implementing more rigorous financial and operational controls, as well as putting together our improved financing structures, to ensure we have a solid foundation in place for our growth and near term operations. Mr. Reynolds, VP Operations, in coordination with Stockpile Reserves LLC Director Mr. James Vogan and the Fencemaker operation team, have also made impressive progress in ensuring everything is in place for rapid implementation of the mining and milling operations as financing becomes available, alongside of their ongoing development efforts. The next portion of the business plan calls for a Fencemaker on-site status review and planning session, which will be performed this week by CEO Nicholson and VP Operations Reynolds together with the Stockpile Reserves team.

The next few months are looking to be very exciting for First Liberty Power, as we continue to move forward towards our mission to bring to market "Mined in America" strategic industrial minerals. The company will continue to engage with investors and communicating as often and effectively as possible, including an update to the website subsequent to this week's on-site work, and other progress.

ABOUT FIRST LIBERTY POWER CORPORATION: First Liberty Power Corporation (FLPC) http://www.firstlibertypower.com is an innovative and diversified mine exploration and development company focused on bringing to market "Mined in America" strategic industrial minerals. Our corporate philosophy is driven by a dedication to Pathways of Progress, our program of best corporate practices designed to drive us rapidly towards mine production & milling, to the greatest benefit of FLPC shareholders, investors and mining partners, while ensuring safety, environmental integrity, and good governance. Presently, FLPC has interests in four properties: the Fencemaker Antimony project in Nevada, the Lida Valley and Smoky Valley Lithium Brine projects in Nevada, and the San Juan Vanadium / Uranium project in Utah.

Notice Regarding Forward-Looking StatementsThis 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.

Contact: Robert Reynolds (800) 709-1196 ir@firstlibertystrategic.com

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First Liberty Power Current SEC Filings Completed