First Liberty Power (fka FLPC)

[TRAPPER JIM]

SO FAR THEY MISSED THE FIRST 3 PAYMENTS DUE ON THE MINE.THAT MEANS THEY ARE IN DEFAULT STATUS.
PG 4 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9361826

On August 22, 2012, the Company entered into an agreement with Group8 Minerals, a Nevada Corporation ("Group8”), and Group8 Mining Innovations, a Nevada Corporation (“G8MI”), the sole Shareholder of Group8, whereby G8MI transferred 81% of the total issued and outstanding shares of Group8 in exchange for the issuance of 83,000,000 shares of the Company to G8MI plus one hundred thousand dollars ($100,000) cash payment to G8MI. Further, pursuant to the Agreement, the Company is required to undertake certain payments to Group8 aggregating a total of $2,000,000 for associated property payments and exploration costs as follows: (a) $500,000 on or before October 30, 2012, which amount remains outstanding as of the date of this filing; (b) $500,000 on or before December 31, 2012, which amount remains outstanding as of the date of this filing; (c) $500,000 on or before February 28, 2013, which amount remains outstanding as of the date of this filing; and (d) $500,000 on or before April 30, 2013, the timing of which payments have been extended by mutual agreement pending additional funding of the Company.