Mr. Alan Roughead reports

FIRST BAUXITE ANNOUNCES FOCUS ON DIRECT SHIPPING ORE (DSO) PROJECT AND RECEIPT OF ADDITIONAL ORDERS FOR BAUXITE ORE

First Bauxite Corp.'s subsidiary, Guyana Industrial Minerals Inc. (GINMIN), has received additional orders from customers in China and Europe for bauxite ore. The company expects the first bulk shipment to Europe of 5,000 to 10,000 metric tonnes to occur in June/July, 2018, and the second bulk shipment to China of 10,000 metric tonnes to occur in September, 2018. The orders are a result of the company's product and market development initiatives to sell its high-quality bauxite ore in an improving market to produce sintered refractory-grade bauxite. The company's recently completed trial production tests indicate the final sintered product will have an Al2O3 (aluminum oxide) content of greater than 92.0 per cent, an Fe2O3 (ferric oxide) content of less than 0.5 per cent and a BSG of greater than 3.25 grams per cubic centimetre.

As disclosed previously, the company was granted approval by the government of Guyana to ship up to 40,000 metric tonnes of bauxite ore in 2018 for product and market development. Small-scale production trials at Bonasika began recently using contract mining and further beneficiation of the ore in the company's pilot trommel wash plant.

The company has conducted an internal strategic review of its feasibility study issued in August, 2015. The strategic review supports a strategy of focusing on a DSO (direct shipping ore) project initially by accessing the significant idle kiln capacity that is available in the major market regions of Europe, China and the United States to produce ultrahigh-strength proppant (UHSP) products for the oil and gas market and also sintered bauxite products for the refractory market. A decision to construct a downstream processing plant in the United States has been deferred for the time being. The mineral resource estimates and probable reserve estimates remain largely as reported in the feasibility study.

The company is continuing to seek financing for the full development of its Bonasika project in Guyana, which is expected to initially operate as a DSO project. The company has received a $5-million (U.S.) bridge loan from Resource Capital Fund VI LP, all of which has been drawn from RCF VI. The company has had continuing discussions with potential lenders related to obtaining additional financing and has had discussions with its current lenders about refinancing or extending the maturity of its current debt, all of which matures on June 30, 2018. The company's ability to execute its work plan, meet its administrative overhead obligations, discharge its liabilities and fulfill its commitments as they come due is dependent upon its ability to obtain additional debt or equity financing and, ultimately, on achieving future profitable operations. While the company has been successful in the past, there can be no assurance it will be able to do so in the future. Pending receipt of such financing, the company's objective would be to commence full-scale mining operations in second half 2019.

About First Bauxite Corp.

First Bauxite is a Canadian natural resource company engaged in the exploration and development of bauxite deposits in Guyana, South America. The company intends to produce and sell bauxite raw ore from its facility in Guyana and intends to produce sintered refractory products and ceramic proppants for the refractory and energy industries in the future. The company has its head office in New Orleans, La., and is managed by experienced professionals with worldwide experience in the global industrial mineral industry across a number of industrial minerals.

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