Bauxite Resources Limited

The Australian market rose through the 4,000 level on Wednesday, led by property stocks as data showed the economy had avoided a recession. The benchmark S&P/ASX200 surged 61.9 points, or 1.56 per cent, to 4,017.2, while the broader All Ordinaries was 61.2 points, or 1.55 per cent higher, at 4,009.3.

Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF) has taken another key step towards the development of its 14,400km(2) Darling Range Bauxite Project after receiving formal approval from the Foreign Investment Review Board (FIRB) for a A$9.85m share placement to Chinese Government agency, the Shandong Provincial Bureau of Geology and Mineral Resources ("SDGM").

Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF) has taken another key step towards the development of its 14,400km(2) Darling Range Bauxite Project after receiving formal approval from the Foreign Investment Review Board (FIRB) for a A$9.85m share placement to Chinese Government agency, the Shandong Provincial Bureau of Geology and Mineral Resources ("SDGM").

Following the ASX announcement on 1st May 2009, Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF) is pleased to announce that a formal Signing Ceremony was held in Perth earlier today attended by Ms Zheng, Director-General of Shandong Provincial Bureau of Geology and Mineral Resources (SDGM), Mr Meng General Manager of Shandong No 1 Institute for Prospecting of Geology and Minerals and their Shandong delegation.

Following the ASX announcement on 1st May 2009, Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF) is pleased to announce that a formal Signing Ceremony was held in Perth earlier today attended by Ms Zheng, Director-General of Shandong Provincial Bureau of Geology and Mineral Resources (SDGM), Mr Meng General Manager of Shandong No 1 Institute for Prospecting of Geology and Minerals and their Shandong delegation.

Following the ASX announcement on 1st May 2009, Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF) is pleased to announce that a formal Signing Ceremony was held in Perth earlier today attended by Ms Zheng, Director-General of Shandong Provincial Bureau of Geology and Mineral Resources (SDGM), Mr Meng General Manager of Shandong No 1 Institute for Prospecting of Geology and Minerals and their Shandong delegation.

Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF) has received a formal written offer of a placement of 19,700,000 shares at an issue price of 50 cents per share ("Placement Offer"). The Placement Offer has been made by an Australian entity controlled by the Shandong No 1 Institute for Prospecting of Geology and Minerals (Shandong), a government agency in China.

Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF) Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF) as at 31 December 2008 had 53,424,180 listed options on issue exercisable at 20 cents each and expiring on 31 January 2009. In the period up to an including the expiry date 23,451,158 options were exercised raising a total of A$4,690,232 (the balance of the options lapsed). Capital raising costs amounted to A$206,260.

The Australian share market yesterday closed around 3% higher. The benchmark S&P/ASX200 index was up 101.3 points, or 3.03 per cent, at 3444, while the broader All Ordinaries index lifted 92 points, or 2.79 per cent, to 3392.3. With the positive lead of Wall St. the market is expected to continue its upward movement today.