OTC Bulletin Board S & P Company Insight for FIRST LIBERTY POWER
Profile
	Business Summary: First Liberty Power Corp., in the exploration stage as of Jan. 31, 2010, engages in the exploration of domestic strategic energy and mineral properties to supply the emerging demand for clean energy.   Address   114 West Magnolia St., #400-136   Bellingham , WA 98225   Phone: 702-990-8402   Website: http://www.firstlibertypower.com Auditor   Davis Accounting Group P.C. Transfer Agent   Island Stock Transfer ShareHolders:  39 Founded:  2007 Domicile:  Nevada
Background
	First Liberty Power Corp., in the exploration stage as of Jan. 31, 2010, engages in the exploration of domestic strategic energy and mineral properties to supply the emerging demand for clean energy. The company seeks 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 First Liberty Power believes will fuel demand for products that utilize lithium-ion batteries and vanadium redox batteries. The company holds the rights to an 84-claim, 12,800-acre property located in Esmeralda County, Nevada (the LVW claims). The company's 66 vanadium-uranium mineral lode claims are located in San Juan County, Utah (the Uravan mineral claims). In April 2010, First Liberty Power announced its planned upcoming work program for the Lida Valley Lithium Brine Prospect (the LVW claims). The initial phase of the exploration program will consist of a complete gravity survey over the claim area to determine the depths of the basin and delineate troughs or traps that might contain economic values and concentrations of lithium brines. Work was scheduled to begin in May 2010. The project, including mobilization-demobilization, was expected to take approximately 16 days for field completion and another 30 days for the interpretation and final report. If results from the gravity surveys are deemed successful, a controlled source audio magnetotellurics/magentotellurics (CAMT/MT) method would be recommended as the next step to define brine filled layers and bedrock within the basin. Also in April 2010, First Liberty Power released the results from a radon survey conducted on the company's Uravan mineral claims in San Juan County, Utah. The Uravan mineral claims radon survey consisted of 101 readings with a minimum reading of 0.35 and a maximum reading of 27.75. The median reading was 6.75 with a midrange of 14.05. The preliminary radon survey data indicated an anomalous east-west radiometric trend. According to the company, a detailed radon survey would further define drill targets and thereby delineate tonnage and grade within the Uravan Claim Block. The company was previously focused on developing and offering a server-based software product for the creation of wireless communities. In December 2009, the company changed its business direction to focus on mineral exploration. History:  INCORPORATED in Nevada Mar. 28, 2007, as Quuibus Technology, Inc.; name changed to First Liberty Power Corp. Dec. 22, 2009.
Management
	Management Officers Position  Glyn R. Garner President Directors  Glyn R. Garner
Annual Report
	Annual Report   Income Statement   2009 2008 EXPENSES: General and administrative 20 42 Oper. income as calculated (20) (42) Net income (20) (42) Share earns. basic ($0.01) ($0.02) Share earns. diluted ($0.01) ($0.02) Avge. com. shs. (Thou.) 2,525 2,016   Balance Sheet   2009 2008 Assets: Cash & equiv. 15 Tot. curr. assets 15 Total assets 15 Liabilities: Accts. pay. 5 Due to Shareholder 1 - Accruals 3 4 Tot. curr. liabs. 9 4 STOCKHOLDERS' EQUITY (DEFICIT): Com. stk. p.$0.001 2 2 Paid-in cap. 51 51 Retained earns. (62) (42) Total stockholders' equity (deficit) (9) 11 Total liabs. 15 Common Shares (Thou.) 2,525 2,525
Interim Report
	Interim Report    08/01/2009  -  01/31/2010   Income Statement   2010 EXPENSES: General and administrative 7 Oper. income as calculated (7) Interest income (expense) (2) Net income (9) Share earns. basic Nil Share earns. diluted Nil Avge. com. shs. (Thou.) 68,281   Balance Sheet   2010 Assets: Cash & equiv. 2 Tot. curr. assets 2 Mineral properties 220 Total assets 222 Liabilities: Due to shareholder 10 Loan payable 195 Accts. pay. 5 Accruals 5 Tot. curr. liabs. 215 STOCKHOLDERS' EQUITY (DEFICIT): Com. stk. p.$0.001 69 Paid-in cap. 9 Retained earns. (71) Total stockholders' equity (deficit) 7 Total liabs. 222 Common Shares (Thou.) 68,675
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue   Data Not Available   Quarterly Net Income, US$ Year Quarter Revenue   2010   2 (10,000)   2010   3 (60,000)   2009   Full Year (20,000)   2008   Full Year (40,000)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 Nil   2010   2 Nil   2010   3 Nil   2009   1 Nil   2009   2 Nil   2009   3 Nil   2009   4 Nil   2009   Full Year (.01)   2008   1 Nil   2008   2 Nil   2008   3 (.01)   2008   4 (.01)   2008   Full Year (.02)
Stock Data
	Capitalization as of 01/31/2010:     Authorized Shares Outstanding Shares Common $0.001 par 540,000,000 68,675,000   LONG TERM DEBT: None.   Common $0.001 par   Stockholders:  10/26/2009, 39. Transfer Agent:  Island Stock Transfer   St. Petersburg , FL   OTC Bulletin Board( Primary): FLPC     DIVIDENDS: Common $0.001 par: No cash. Common split 27-for-1, Feb. 4, 2010.