First Bauxite receives NI 43-101 Compliant Technical Report for its Feasibility Study on Bonasika bauxite project

On behalf of the Board of Directors of First Bauxite Corporation, Alan Roughead, President and CEO announced that First Bauxite Corporation has received the NI 43-101 Compliant Technical Report with respect to its Feasibility Study to produce ceramic proppants from its Bonasika bauxite project. On June 18, 2015 the Company announced the FS results for the Project. A copy of the Technical Report has been filed with the applicable securities and regulatory authorities in Canada. The Technical Report was prepared by Ausenco Engineering Canada Inc.

First Bauxite Corporation (FBX) 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 professionals with worldwide experience in the global industrial minerals industry across a number of industrial minerals.

First Bauxite Corporation completed a Feasibility Study to produce ceramic proppants from First Bauxite’s Bonasika bauxite project. The FS has been prepared in accordance with NI 43-101 standards by Ausenco Engineering Canada Inc. (“Ausenco”) and the Mineral Resources and Reserves estimates by Moose Mountain Technical Services (“MMTS”). The ceramic proppant project anticipates:

• Mining and beneficiation of raw bauxite ore taking place in Guyana;
• Shipping beneficiated ore to Southern Louisiana, USA; and
• Calcining and sintering of the beneficiated ore taking place in a proppants processing plant located in the USA.