Reno, NV, June 27, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTCPK), a
diversified exploration, development and mining company focused on
accumulating and developing strategic mineral resources for
America's future, has increased its ownership interest to a full
50% in the Fencemaker project and Central Nevada mill, as well as
secured a 50% interest in five additional prospective antimony
properties (direct ownership of unpatented claims) in Pershing
County, Nevada.
First Liberty Power CEO Don Nicholson detailed
the evolution of the property advancements. "On August 22, 2012, we
entered into a share purchase agreement with Group8 Mining
Innovations ("G8MI") and its then wholly-owned subsidiary, Group8
Minerals ("G8 Minerals"), providing First Liberty with a 40.5%
interest in the development of a Stibnite (Antimony) property known
as Fencemaker, together with the milling project. Based on our
belief in the geological prospects of Fencemaker, the merits of an
antimony-centric / centralized milling program, and the benefits of
securing additional potential antimony ore supply at a nominal
cost, the Company has entered into a subsequent share purchase
agreement with G8MI and Group8 Minerals that has increased First
Liberty Power's ownership of Group8 Minerals to 100%. This
results in FLPC having a direct 50% interest in the Company's three
core strategic assets of the Fencemaker mine, the centralized
milling program and additional potential properties".
Available information on the history, prospects
and potential of each property will be added to the Company
website. According to CEO Nicholson, while resources are not
immediately available to fully develop each of these new
properties, they are a core component of the Company's mid to long
term strategy to secure now key antimony properties in the Nevada
region. "First Liberty has demonstrated to the investor
community that management, and its partners, can take an old
historical mine, remediate it, and bring it into initial operation
with very limited funds", Nicholson said. "Through this year, we
intend to replicate this smaller scale but highly efficient model,
to fulfill the vision of opening a milling operation that will
process ore into to a higher and much more valuable
concentrate."
First Liberty Power will continue to use Pathways of
Progress announcements to inform and update all
interested parties of advancements in Company mining and financial
operations.
ABOUT FIRST LIBERTY POWER CORPORATION
(OTCQB: FLPC): First Liberty Power Corporation is a
diversified exploration, development and mining company focused on
bringing to market strategic minerals for America's Future.
First Liberty Power's corporate philosophy is founded on a
methodology of open and transparent procedures designed to drive
the company's exploration, development and mining operations, while
ensuring safety, environmental integrity, and good governance.
Included in that philosophy is Pathways of Progress (POP), a
platform used to inform shareholders, investors and mining partners
of FLPC news and advancements through open and transparent
communication. First Liberty is focused on exploring,
accumulating and developing antimony and other strategic metal
projects and properties.
www.firstlibertypower.com
www.facebook.com/FirstLibertyPower
https://twitter.com/FirstLibertyOTC
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.
CONTACT: For more information contact:
Robert Reynolds(800)709-1196
ir@firstlibertypower.com
Thomas Dean(646)396-9615
Murdock Capital Partners
tdean@murdockcapital.com
