Mr. Tom Drivas reports

APPIA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING AND FIRST CLOSING

Appia Rare Earths & Uranium Corp. has arranged the offering of a non-brokered private placement of up to 10 million flow-through shares at 50 cents per FT share or up to 10 million working capital units at 43 cents per WC unit or a combination thereof to a maximum of up to 10 million common shares and up to 10 million WC warrants (as defined below). The company will be closing in the first tranche of the offering with the issuance of five million FT shares for gross proceeds of $2.5-million. The offering will remain open until the earlier of the sale of the remaining securities and Dec. 22, 2022.

Each WC unit is priced at 43 cents and consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price equal to 65 cents per warrant share for a period of 12 months following the closing of the offering. The WC units and FT shares to be issued under the offering will have a hold period of four months and one day from closing.

The net proceeds from the sale of WC units will be used for working capital requirements and other general corporate purposes. The gross proceeds from the sale of FT shares will be used for exploration expenses on the company's mining projects as permitted under the Income Tax Act (Canada) to qualify as Canadian exploration expenses.

All securities issued pursuant to the first closing are subject to a hold period expiring on March 23, 2023.

In connection with the offering, eligible finders will be paid $150,000.

About Appia Rare Earths & Uranium Corp.

Appia is a Canadian publicly listed company in the rare earth element and uranium sectors. The company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca basin on its Otherside, Loranger, North Wollaston and Eastside properties. The company holds the surface rights to exploration for 105,026 hectares (259,525 acres) in Saskatchewan. The company also has a 100-per-cent interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake camp, Ontario.

Appia has 123.1 million common shares outstanding and 146 million shares fully diluted.

We seek Safe Harbor.