OTC Bulletin Board

S & P Company Insight for FIRST LIBERTY POWER

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.
  114 West Magnolia St., #400-136
  Bellingham , WA 98225
  Phone: 702-990-8402
  Website: http://www.firstlibertypower.com
  Davis Accounting Group P.C.
Transfer Agent
  Island Stock Transfer
ShareHolders:  39
Founded:  2007
Domicile:  Nevada

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.


 Glyn R. GarnerPresident

 Glyn R. Garner
 Annual Report

Annual Report
Income Statement
General and administrative2042
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.)2,5252,016
Balance Sheet
Cash & equiv. 15
Tot. curr. assets 15
Total assets 15
Accts. pay.5
Due to Shareholder1-
Tot. curr. liabs.94
Com. stk. p.$0.00122
Paid-in cap.5151
Retained earns.(62)(42)
Total stockholders' equity (deficit)(9)11
Total liabs. 15
Common Shares (Thou.)2,5252,525
 Interim Report

Interim Report    08/01/2009  -  01/31/2010
Income Statement
General and administrative7
Oper. income as calculated(7)
Interest income (expense)(2)
Net income(9)
Share earns. basicNil
Share earns. dilutedNil
Avge. com. shs. (Thou.)68,281
Balance Sheet
Cash & equiv.2
Tot. curr. assets2
Mineral properties220
Total assets222
Due to shareholder10
Loan payable195
Accts. pay.5
Tot. curr. liabs.215
Com. stk. p.$0.00169
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$
  2010   2(10,000)
  2010   3(60,000)
  2009   Full Year (20,000)
  2008   Full Year (40,000)
Quarterly EPS, US$
  2010   1Nil
  2010   2Nil
  2010   3Nil
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year (.01)
  2008   1Nil
  2008   2Nil
  2008   3(.01)
  2008   4(.01)
  2008   Full Year (.02)
 Stock Data

Capitalization as of 01/31/2010:
 Authorized SharesOutstanding Shares
Common $0.001 par540,000,00068,675,000
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.