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 it has granted incentive
stock options for the purchase of up to 1,500,000 common shares of the Company
at a price of $0.53 for a five-year period to certain officers, management, and
one director of the Company.


About First Bauxite 

First Bauxite Corporation (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) 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, and the Essequibo PGGS
Prospecting Permit. The Company also holds the Tarakuli and contiguous Tarakuli
North-West Prospecting Licenses in Northeast Guyana. The Company's Bankable
Feasibility Study Update defines and confirms the economic viability of an
operation based on sequential mining of the two (2) bauxite deposits (Bonasika 6
and Bonasika 7), and the construction of a washing plant facility, a sintering
plant, and load out facilities, at Sand Hills. The Bonasika 1, 2 and 5 deposits
are additional value and would increase the mine of life from 36 years to 44.5
years. 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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