First Liberty Power Corp. Receives Additional Funding

LAS VEGAS, Jan. 3, 2011 /PRNewswire/ -- First Liberty Power Corp (OTC Bulletin Board: FLPC) www.firstlibertypower.com today announced that on the 17th of December 2010 the Company requested and received an investment of an additional $75,000. This is the third investment the Company has received from the one million dollar finance agreement the Company announced on March 17th 2010. Under the terms of the agreement, First Liberty Power Corp. has the right to call upon funds for up to $1,000,000 by issuing units consisting of one share of its common stock and one common stock purchase warrant exercisable for the purchase of one additional share of common stock. The securities to be issued under the agreement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration.

''As the international demand for electric vehicles and battery-powered devices increases, the global demand for our potential Lithium resource has intensified the investment communities spotlight on the sector," commented Mr. Don Nicholson, First Liberty Power's CEO and President.

The funds raised will be allocated to administration of the Company and to the exploration and development of the Company's 84 placer claims (12,800 acres) strategically located in Esmeralda County, Nevada.

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.

FORWARD-LOOKING STATEMENTS

This news release may include "forward-looking statements" regarding First Liberty Power Corp., business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where First Liberty Power Corp. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. First Liberty Power Corp. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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.

For further information please visit the Company's website www.firstlibertypower.com.

SOURCE First Liberty Power Corp.