Mr. Tom Drivas reports

APPIA RARE EARTHS & URANIUM CORP ANNOUNCES CFO TRANSITION

Frank van de Water, Appia Rare Earths & Uranium Corp. chief financial officer, will be retiring from the role of CFO as of Aug. 1, 2024, but will remain as an active member of the board of directors. Brian Crawford will assume the role of CFO.

Stephen Burega, president, stated: "On behalf of the board of directors and Appia's management team, I would like to thank Frank for his executive leadership and contributions since joining our management team in January, 2016, as CFO, and as an ongoing member of the board since March, 2013. During Frank's tenure, we successfully completed numerous exploration programs and property acquisitions, and I would like to thank Frank for his guidance to management throughout his time with the company and to wish Frank all the best in his retirement."

Mr. Crawford is graduate of the University of Toronto and a former partner with BDO Canada LLP. Mr. Crawford co-founded and built several public companies currently listed on the TSX Venture Exchange and the Canadian Securities Exchange. Mr. Crawford has extensive experience as CFO and as a director of private and public companies, and currently serves as CFO and director of several public companies.

Mr. Burega continued: "I am pleased to welcome Brian into his new role as CFO. Brian has extensive experience as a financial executive and we are fortunate to have Brian joining the Appia team."

Mr. Crawford's role as CFO is subject to regulatory approval.

About Appia Rare Earths & Uranium Corp.

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The company holds the right to acquire up to a 70-per-cent interest in the PCH ionic adsorption clay project (see the June 9, 2023, news release), which is 40,963.18 hectares in size and located within the Goias state of Brazil (see the Jan. 11, 2024, news release). The company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, and 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 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The company also has a 100-per-cent interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake camp in Ontario.

Appia has 136.8 million common shares outstanding (145.5 million shares fully diluted).

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