FBX First Bauxite Corporation (delisted)

First Bauxite Corporation (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) ("First
Bauxite" or the "Company") is pleased to announce that as its next major step in
developing the Bonasika refractory bauxite mine into a major world producer, it
has moved its office to Toronto where it is assembling a world class management
team.


Mr. Hilbert N. Shields, CEO, who lead the technical work in Guyana to complete
the Feasibility Studies, will now spend more time in Canada and assume the role
of both President & CEO of the Company.


Mr. Ioannis (Yannis) Tsitos has stepped down as President of the Company but
will continue to guide the Company as Interim Chairman of The Board of
Directors.


Mr. Jim Heras, having served the Company since its incorporation, will step down
as Chairman of the Board of Directors but will remain as a Director.


First Bauxite is also pleased to announce that it has further strengthened its
Board of Directors with the appointment of Mr. Larry Washow as a Director. Mr.
Washow is the nominee of Resource Capital Fund V L.P. Mr. Washow had a
distinguished career with AMCOL International from 1986-2010 rising to President
& CEO. Mr. Washow brings strong financial business acumen to First Bauxite and
extensive experience in building strong management teams and high-performing
operations in both domestic and international markets. Mr. Geoff McNamara, who
was one of the two Director nominees of Pacific Road Resources Funds, has
tendered his resignation to enable Mr. Washow to act as a Director. Mr. Lee
Graber remains as the sole Director nominee of Pacific Road Resources Funds.


Mr. George Bennett, who worked on the Bonasika Feasibility Study, has been
appointed Chief Operating Officer of the Company. An Applied Science Graduate of
Queen's University with a degree in Engineering Geology, Mr. Bennett has over 50
years involvement with the exploration, mining, production and sale of
industrial minerals with specific focus on Refractories. Mr. Bennett experience
extends from start-up refractory operations to managing International Licensing
and Technology Sales for Harbison-Walker Refractories, and global refractories
marketing responsibilities. Mr. Bennett acted as an Industrial Minerals
Consultant to the Guyana and Peru refractory alumino-silicate industries on
technical operating issues and the establishment of global marketing and
distribution organization for refractory and chemical grade bauxites.


Mr. Ian Fodie has been appointed Chief Financial Officer. Mr. Fodie brings
extensive international accounting, finance, and capital markets experience to
First Bauxite. Most recently, Mr. Fodie has acted as CFO of Lithium Americas
Corp., President & CEO of Woulfe Mining Corp., and CFO of Resinco Capital
Partners Inc. Mr. Fodie obtained his Chartered Accountant designation from the
New Zealand Institute of Chartered Accountants and has resided in Canada for
over 22 years. The Company thanks Mr. Albert Wu for his contribution as CFO
since its inception.


Mr. Jess Hutchinson has been appointed Vice President, Marketing & Product
Development. A Bachelor of Science Graduate of the University of Virginia with a
degree in Chemical Engineering, Mr. Hutchinson has over 25 years experience in
the minerals and manufacturing industries, with significant exposure to
Refractories. Mr. Hutchinson has held various project and product management and
application engineering positions, Market & Product Development Manager, and VP
International Operations at Harbison-Walker over a 23 year period, followed by
EVP Worldwide Sales & Marketing at Global Industrial Technologies (GIX), where
he materially increased sales and reduced overheads, and Chief Executive Officer
of RHI America, where he successfully completed a merger integration plan. Mr.
Hutchinson experience illustrates his ability to create international sales
channels and increase market share.


Mr. Howard Winkelbauer has been appointed Technical Director, Products. A
Bachelor of Science Graduate of Edinboro University with a degree in Geology and
a Master of Science Graduate of Miami University with a degree in Geology
specializing in Experimental Mineralogy, Mr. Winkelbauer has 19 years of
experience in the research and technology development field for Harbison-Walker
Refractories and further senior research roles with RHI America and ANH
Refractories. Mr. Winkelbauer's is an accomplished writer with a number of
technical publications being released and his research has resulted in 11 US
patents being recorded, many related to refractory products and processes. Mr.
Winkelbauer's technical developments have led to significant cost savings in the
manufacturing process of various products.


"I am extremely pleased with the Director and management changes announced at
this time," said Hilbert N. Shields, President & CEO. "Coupled with the recently
announced upgrades in resources and reserves to the Company's NI43-101 compliant
Feasibility Study on the Bonasika Bauxite Project, this world class management
team has the expertise necessary to move forward with the next major milestone
of obtaining project finance and constructing the mine for operation. First
Bauxite is increasingly well positioned to be the next major, long life, low
cost, producer of refractory grade bauxite."


About First Bauxite

First Bauxite is a Canadian natural resource company engaged in the exploration
and development of bauxite deposits in Guyana, South America. The Company has
its head office in Toronto and is managed by experienced geoscientists and
business development professionals with worldwide experience in the exploration
and mining business across a number of mineral commodities. The mission of First
Bauxite is to become a near term, medium size producer and supplier of high
quality refractory grade sintered (calcined) bauxite. First Bauxite controls a
large land package in Guyana's historical coastal bauxite belt, including the
Bonasika Mining License, the Waratilla-Cartwright Prospecting License, the
Essequibo PGGS License, and the contiguous Tarakuli and Tarakuli North-West
Prospecting Licenses in Northeast Guyana. The Company completed a Feasibility
Study Update over the Bonasika 1, 2, 5, 6, and 7 deposits and announced its
results on October 6, 2011. The Feasibility Studies define and confirm the
economic viability of an operation based on sequential mining of the five (5)
bauxite deposits located on the Bonasika Licenses, and the construction of a
washing plant facility, a sintering plant, and load out facilities, at Sand
Hills. For further information on First Bauxite Corporation, please visit our
corporate website at www.firstbauxite.com.


On behalf of The Board of Directors of First Bauxite Corporation

Hilbert N. Shields, President & CEO

Certain statements contained herein constitute "forward-looking statements".
Forward-looking statements look into the future and provide an opinion as to the
effect of certain events and trends on the business. Forward-looking statements
may include words such as "developing", "will", "move forward", "next",
"obtaining", "constructing" and similar expressions. These statements include,
but are not limited to, statements regarding the continued advancement of the
Bonasika Bauxite Project. These forward- looking statements are based on current
expectations and entail various risks and uncertainties. Actual results may
materially differ from expectations, if known and unknown risks or uncertainties
affect our business, or if our estimates or assumptions prove inaccurate.
Factors that could cause results or events to differ materially from current
expectations expressed or implied by the forward-looking statements, include,
but are not limited to, the effect of capital market conditions and other
factors on capital availability; availability of sufficient financing to fund
planned or further required work in a timely manner and on acceptable terms;
changes in project parameters as plans continue to be refined and other risks
more fully described in the Company's Management Discussion & Analysis of
Financial Position and Results of Operations, which is available on SEDAR at
www.sedar.com. Readers are cautioned not to place undue reliance on the
forward-looking statements contained in this press release. Except as required
by law, the Company assumes no obligation to update or revise any
forward-looking statement, whether as a result of new information, future events
or any other reason.

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