Generally speaking, for fluid systems the mechanical power can be computed as the product of pressure and volumetric flow rate:
$\dot{E} = P\dot{V}$
where $\dot{E}$ is the power, $P$ is the pressure and $\dot{V}$ is the flow rate. Therefore, for your application (with unit conversions to get the output in watts):
$\dot{E} = (1 \text{ psi})(\frac{6894.76 \text{ Pa}}{1 \text{ psi}})(10 \text{ L/min})(0.001 \text{ m}^3/\text{L})(\frac{1 \text{ min}}{60 \text{ s}}) \approx 1.15 \text{ W}$
However, the required flow and pressure are not the only considerations. You need to consider all the sources of friction and other energy losses in the system: friction in the motor bearings, efficiency losses when converting mechanical energy in the impeller to fluid flow in the system, etc. Therefore you would need an electrical motor with more than just 1.15 W of power. The energy losses from the impeller to the fluid flow would be difficult to estimate if you're building your own pump.
Also consider that an electric motor cannot output 1.15 W for any combination of speed and torque, so you need to check the motor's spec sheet to make sure that it can provide the power you need at the desired motor speed.