First Bauxite Corporation announces appointment of interim chairman

First Bauxite Corporation announces that Larry Washow has been appointed Interim Chairman of the Board of Directors of First Bauxite succeeding John Hicks. The Company thanks Mr. Hicks for his contributions and wishes him well in his future endeavors.

Mr. Washow will also continue in his role as a member of the Audit Committee, Corporate Governance and Nominating Committee and Human Resources and Compensation Committee of the Company. He will also continue to hold the role of a Director at Oil-Dri Corporation of America and Eudora Global.

Mr. Washow has over 20 years of proven leadership of diversified global manufacturing and distribution enterprises. He has senior management experience working with both public and private companies in corporate finance, strategic planning, financial reporting and mergers and acquisitions. He has previously held a number of senior management roles, including President and Chief Executive Officer of AMCOL International, a mining company, until 2010.

First Bauxite Corporation 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.