First Bauxite Corporation Announces Extension for Commencement of Construction Under the Bonasika Mining Licence and Amendments to the Mineral Agreement

November 5, 2017

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NEW ORLEANS, LOUISIANA–(Marketwired – Nov. 1, 2017) – First Bauxite Corporation (“First Bauxite” or the “Company”) (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI)
is pleased to announce that it has received formal notification from the Guyana Geology and Mines Commission (the “GGMC”) that its request for an extension to commence construction under its Mining License for the Bonasika Project has been approved. The Company had earlier received an extension through January 31, 2018, which also provided for an additional year to be granted if the GGMC considered the Company to have made sufficient progress to merit the additional extension. The construction commencement date has now been extended to January 31, 2019.

Category: General