First Bauxite Corporation Announces Appointment of New Director and Option Grant

First Bauxite Corporation announces that it has further strengthened its Board of Directors with the appointment of Mr. John W. Hick as a Director and Chairman.

Mr. Ioannis (Yannis) Tsitos has stepped down from the position of Interim Chairman to enable Mr. Hick to assume the Chairman role, but will continue serving as a Director. Mr. Tsitos is thanked for his leading the Company as an officer and Interim Chair to date.

Mr. Hick brings over 30 years of executive management and board experience in the mining sector with operations encompassing the globe including Placer Dome, TVX Gold, Rio Narcea Gold, and Medoro Resources. Mr. Hick holds a LLB degree from the University of Ottawa, was called to the Bar of Ontario in 1978, and currently serves on the boards of a number of other mining companies.

In connection with this appointment, the Company has granted incentive stock options for the purchase of up to 400,000 common shares of the Company at a price of $0.52 for a five-year period to Mr. Hick.

"I am extremely pleased that John has agreed to join our Board at this time," said Hilbert N. Shields, President & CEO. "John's appointment adds valuable expertise to First Bauxite's Board to provide guidance to management to move forward with the next major milestones of the Company. First Bauxite is increasingly well positioned to be the next major, long life, low cost, producer of refractory grade bauxite."