Mr. Tom Drivas reports

APPIA DEPLOYS THIRD DRILL AT PCH IONIC CLAY PROJECT IN BRAZIL

Appia Rare Earths & Uranium Corp. has deployed a third drill on site to investigate a significant geophysical anomaly at depth below target IV at Appia's PCH ionic adsorption clay project in Goias state, Brazil.

Summary:

• Appia is currently using three drills -- one RC (reverse circulation) drill, one auger drill and one diamond drill.
• A comprehensive geophysical investigation has led to the identification of a significant magnetic anomaly at over 300 metres and open at depth.
• The initial target will be drilled to 250-metre depth to test both the ionic clay and hard-rock mineralization below Appia's priority ionic clay structures, which reach an average depth from surface of plus or minus 12 metres.
• This program is designed to expand on the diamond drilling that was completed by the vendor in prior seasons.

"A study by a Brazilian geographer/geophysicist master's student from the University of Brasilia was conducted on target IV of the PCH project, where an induced polarization (IP) program as well as detailed ground magnetics and gamma surveys were carried out, inverted and subsequently analyzed by senior university and Appia geologists and geophysicists. This comprehensive investigation led to the identification of a significant magnetic anomaly at over 300 metres and open at depth," commented Stephen Burega, president.

"The arrival of the diamond drill marks a pivotal advancement in our exploration initiative. It underscores our commitment to investigating not only the potential genesis of ionic adsorption clay but also the exciting opportunity for REE [rare earth element] mineralization in hard-rock formations," Mr. Burega continued.

The continuing diamond drill hole operation aims to extend the investigation below the known ionic clay through saprolite structures to greater depths of up to 250 metres to test the continuation of mineralization at depth.

Furthermore, Appia's continuing reverse circulation (RC) and auger drilling program of 300 holes is in full swing (see Aug. 24, 2023, press release). The company's primary objective is to accurately delineate the extent of the mineralized zone and to assess its economic significance.

To achieve this, a rigorous sampling procedure is being employed, including one-metre samples that will be carefully collected and subsequently shipped to SGS Geosol's laboratory. Assays from this program are expected to be received within two months of being submitted.

Background on the PCH project

The PCH ionic adsorption clay project is located within the Tocantins structural province in the Brasilia fold belt -- more specifically, the Arenopolis magmatic arc. The PCH project is 17,551.07 hectares in size and located within the Goias state of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE and niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti plutonic complex and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the recent geochemical exploration work carried out to date indicates great potential for REEs and Niobium within lateritic ionic adsorption clays.

The technical content in this news release was reviewed and approved by Don Hains, PGeo, consulting geologist and a qualified person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp.

Appia is a publicly traded Canadian 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 113,837.15 hectares (281,297.72 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 in Ontario. Lastly, the company holds the right to acquire up to a 70-per-cent interest in the PCH ionic adsorption clay project, which is 17,551.07 hectares in size and located within the Goias state of Brazil (see June 9, 2023, press release).

Appia has 130.5 million common shares outstanding and 143.3 million shares fully diluted.

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