First Bauxite Reports Discovery on the Waratilla-Cartwright Prospecting Licence

Aug. 10, 2010 - In December 2009 First Bauxite Corporation had announced the start of sonic drilling of the bauxite deposits on the Waratilla-Cartwright Prospecting Licence (Warcart PL) to explore their extent, quality and continuity of a mineralized zone in the north of the PL, now referred to as the Upper Waratilla Cartwright deposit (UWC). Since this date, a NI 43-101 compliant mineral resource estimate has been prepared based on 150 sonic drill holes and 1907 analyses for major oxides and LOI. The mineralized zone extends over an area of some 1600m x 700m remains open to the north, where additional drilling is merited.
The UWC deposit was drilled initially on a grid of 120 x 120m over an area of broad mineralization; subsequently, the area of highest resource potential was in-filled by holes centered within the 120m squares to provide an effective drill spacing of 85m. The Company's SDC550-18 sonic drill rig was used and as a result of the success of this drilling program, a NI 43 101 Technical Report will be issued within the next thirty days in support of the mineral resource estimate. Representative, composite mineralogical and metallurgical composite core samples are currently being treated at SGS Lakefield, Ontario.
First Bauxite is also pleased to announce that on May 18, 2010, Company geologists discovered outcrops of high quality bauxite exposed in a creek bed in the South-West sector of the Waratilla Cartwright Prospecting Licence. On June 3 the Company mobilized its sonic drill rig to test this exciting discovery and to date 83 holes at a spacing of 120 x 120 m have been drilled totaling 3133m. This zone is now referred to as the Lower Waratilla Cartwright (LWC) deposit.
The results indicate a zone of 1200m by 500m however, the limits to the deposit remain open and drilling is ongoing. Representative, composite mineralogical and metallurgical core samples have been collected at LWC for test work at SGS Lakefield.
The drill program continues to be supervised by Mr. Bryan S. Osborne, P.Geo of Aluminpro Inc., who is the designated Qualified Person as defined by NI 43-101 and has reviewed the above exploration information for accuracy.
The CEO of the company Hilbert N Shields commented that "the discovery of bauxite at surface on the Warcart PL is exciting. While it was known from the historical Alcan drilling that bauxite resources existed on the PL, the average depth of overburden was close to 50 meters; this is why FBX focused the Feasibility Study on the Bonasika deposits which have shallower overburden. Higher quality Warcart bauxite, under a relatively thin overburden cover offers the potential to significantly optimize the Bonasika Project and add to the resource base and project life. The company has embarked on an aggressive program to delineate a NI 43-101 compliant mineral resource at LWC and will initiate a Preliminary Economic Assessment (PEA) aimed at integrating the LWC deposit into the Bonasika Development Plan and so enhance the project economics."