First Bauxite Corporation announces change of President and CEO

First Bauxite Corporation today announced that effective immediately Mr. Alan Roughead has replaced Mr. Hilbert Shields as President and Chief Executive Officer of FBX. Alan brings over 25 years of experience in the industrial minerals industry focused on operations, marketing and finance. Until its sale to Sibelco in 2012, Alan was CEO and Managing Director of Queensland Magnesia Pty Ltd, one of the world's largest producers of magnesia for the global refractory and chemical markets. Alan has been a Non Executive Director of FBX since August 2012 and will relocate to Toronto in October 2014 to take up his new role. Alan holds a Bachelor of Economics (Hons.) degree from the University of Western Australia and served as a Director of Talison Minerals Pty Ltd. from 2007 to 2009.

Alan's role with the Corporation will include leading the development and implementation of the Corporation's strategic plan, and optimisation of the Corporation's substantial resource base to produce and sell sintered bauxite refractory and ceramic proppant products. A key function will be securing project financing for the development and construction of the Corporation's high quality bauxite resource.

The Board of Directors of FBX thanks Hilbert Shields for his foresight in establishing FBX, the identification and establishment of reserves on the Bonasika deposit and his leadership in bringing the project to its current position. Mr. Shields will continue in his role as a board member of FBX.