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News Releases 2011

December 22, 2011
FIRST BAUXITE CORPORATION ANNOUNCES SIGNING LETTER OF INTENT TO ENTER INTO ITS FIRST SINTERED BAUXITE SUPPLY OFF-TAKE AGREEMENT
First Bauxite Corporation is pleased to announce that it has signed a Letter of Intent to enter into its first Sintered Bauxite Supply Off-Take Agreement with a global refractory products manufacturer
December 07, 2011
FIRST BAUXITE CORPORATION ANNOUNCES MANAGEMENT AND DIRECTOR CHANGES AS IT POSITIONS ITSELF TO DEVELOP THE BONASIKA REFRACTORY BAUXITE PROJECT IN GUYANA INTO A MAJOR WORLD PRODUCER
First Bauxite Corporation (“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
November 29, 2011
FIRST BAUXITE CORPORATION ANNOUNCES SIGNING OF MINERAL AGREEMENT WITH THE GOVERNMENT OF GUYANA FOR ITS BONASIKA BAUXITE PROJECT AND THE RECEIPT OF ENVIRONMENTAL PERMIT TO MINE THE BONASIKA 6 & 7 DEPOSITS
First Bauxite is pleased to announce that it has signed a bilateral mineral agreement between the Government of Guyana and the Company and its local operating subsidiary, Guyana Industrial Minerals Inc., for the operation of the Bonasika Bauxite Project in Guyana, South America. The Company is also pleased to announce that it has received its Environmental Permit, to mine the Bonasika 6 & 7 bauxite deposits
November 21, 2011
FIRST BAUXITE CORPORATION FILES NI 43-101 TECHNICAL REPORT - BANKABLE FEASIBILITY STUDY UPDATE FOR THE BONASIKA PROJECT
First Bauxite Corporation is pleased to announce that the NI 43-101 Technical Report - Bankable Feasibility Study Update for its Bauxite project in Guyana, South America, prepared by the independent engineering firm, Met-Chem Canada Inc., has been filed on SEDAR at www.sedar.com and can also be found on the Company's website at www.firstbauxite.com
October 06, 2011
FIRST BAUXITE CORPORATION ANNOUNCES COMPLETION OF BONASIKA BAUXITE PROJECT FEASIBILITY STUDY UPDATE WITH SIGNIFICANTLY IMPROVED RESULTS BY INCLUDING BONASIKA 6 & 7 DEPOSITS IN THE ECONOMIC ANALYSIS
The Company has been working for the past year on optimizing and updating the Bonasika Feasibility Study announced last year, to mine refractory grade bauxite and produce 100,000 tonnes per year of bauxite sinter from its 100% owned Bonasika Project in Guyana, South America. The recently completed Bankable Feasibility Study Update was prepared by Met-Chem Canada Inc. under the supervision of G Mining Services, both of Montreal, Canada who were supported by a group of independent consultants with specialist expertise in critical sections of the project and First Bauxite personnel.
May 05, 2011
Rio Tinto Mining and Exploration Ltd. and First Bauxite Corporation Terminate their Option and Joint Venture Agreement over the Essequibo-Demerara Bauxite Project in Guyana
First Bauxite Corporation is announcing that the Letter of Understanding between the Company and Rio Tinto Mining and Exploration Ltd. (“Rio Tinto”) was terminated on February 17, 2011 with immediate effect
April 07, 2011
First Bauxite Corporation Retains Rothschild as Financial Advisor to Secure Project Financing of the Bonasika Refractory Bauxite Project in Guyana
First Bauxite Corporation is pleased to announce that it has engaged Rothschild Inc. as its exclusive financial advisor in planning, preparing and subsequently implementing the project financing for the Company's Bonasika refractory bauxite project located in Guyana
February 03, 2011
First Bauxite Corporation Reports Mineral Resource Estimate for Bonasika 7 Deposit, Waratilla-Cartwright, PL, Guyana
Significant Increase in NI 43-101 compliant Unwashed Bauxite Indicated Mineral Resource Estimate
January 19, 2011
First Bauxite Corporation Announces Execution of Definitive Agreement with Resource Capital Funds for up to $28 Million Financing Facility & First Bauxite Corporation Closes the $8 Million Tranche 1 Financing with Resource Capital Funds
Vancouver, B.C. – FIRST BAUXITE CORP. is pleased to announce that, further to its November 16, 2010 news release, it has closed the first tranche of a two tranche financing, pursuant to a note purchase agreement dated as of December 31, 2010