Mr. Tom Drivas reports

APPIA ANNOUNCES CLOSING OF PCH PROJECT ACQUISITION

Further to the press release of Dec. 4, 2023, Appia Rare Earths & Uranium Corp. has issued the first tranche of 500,000 shares, pursuant to the definitive agreement with 3S Ltda., Beko Invest Ltd., Antonio Vitor Jr. and AZ125 Mineracao Ltda., now known as Appia Brasil Rare Earths Mineracao Ltda., to acquire up to a 70-per-cent interest in the PCH project, located in the Tocantins structural province of the Brasilia fold belt in Goias state, Brazil. The Shares are subject to a hold period expiring on April 12, 2024. For particulars of the transaction, see the December 4, 2023 press release [Click Here].

Background on the PCH Project

The PCH 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 ha 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 the potential for REEs and Niobium within lateritic ionic adsorption clays.

The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp. (Appia)

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% 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. Lastly, the Company holds the right to acquire up to a 70% interest in the PCH Project which is 17,551.07 ha. in size and located within the Goias State of Brazil. (See June 9th, 2023 Press Release - Click Here)

Appia has 131.5 million common shares outstanding, 139.3 million shares fully diluted.

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