APPIA RARE EARTHS URANIN - APAAF STOCK NEWS

Appia Rare Earths & Uranium Corp (CSE: API) (OTCQX: APAAF) has announced significant discoveries of uranium and rare earth element (REE) mineralization at its Eastside property in Saskatchewan, Canada. Key highlights include:

1. Uranium mineralization: Grab samples revealed U3O8 concentrations up to 2,523.06 ppm (0.25 wt%).

2. REE mineralization: Channel samples showed TREO (Total Rare Earth Oxide) concentrations up to 0.14 wt%.

3. The Eastside property's strategic location near the uranium-rich Athabasca Basin enhances its potential.

Appia plans to conduct further exploration to delineate the extent of mineralization and assess the potential for additional discoveries. These results validate the company's exploration models and underscore the Eastside property's potential as a valuable asset in Appia's Saskatchewan portfolio.

Appia Rare Earths & Uranium announced initial desorption test results from its Ionic Adsorption Clay (IAC) targets in Goias, Brazil. The results, from 89 samples across 13 auger drillholes, confirmed the REE IAC mineralization style at all targets, showing strong recoveries for both Magnet Rare Earth Oxides (MREO) and Heavy Rare Earth Oxides (HREO).

Highlights include:

• Up to 82% HREO recovery from 3-4m depths.
• Significant intervals: PCH-AH-202: 5m@59% TREO; 63% HREO; 85% NdPr; 72% TbDy from 3m.
• Enhanced Dy and Tb recovery values, essential for the permanent magnet industry.

Company President Stephen Burega emphasized the high grades and the project's potential in meeting the industry’s demand for rare earths. The project, hosted in easy-to-dig clays with a diversity of metals, continues to show promising desorption kinetics.

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) has announced a CFO transition. Frank van de Water, the current CFO, will be retiring from his role on August 1st, 2024, but will remain an active member of the Board of Directors. Brian Crawford, a former partner with BDO Canada LLP and co-founder of several public companies, will assume the role of CFO, subject to regulatory approval.

Stephen Burega, President of Appia, expressed gratitude for Frank's executive leadership and contributions since joining the management team in January 2016 and as a board member since March 2013. Brian Crawford brings extensive experience as a financial executive, having served as CFO and Director for multiple public companies listed on the TSXV and CSE.

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) has completed its drilling program at the Loranger property in Saskatchewan, Canada. The company drilled 714 meters and sent 42 samples to the Saskatchewan Research Council for analysis. Key findings include:

1. Intersection of radioactive (Uranium-Thorium)-REE pegmatites with visible monazite and potential uraninite.
2. Graphitic EM conductors with scintillometer readings up to 1,500 counts per second.
3. Visible monazite in drill hole #3, indicating potential for significant rare earth element mineralization.

The company expects to receive assay results within 6-8 weeks. Appia's President, Stephen Burega, expressed optimism about the findings, which validate their exploration models and highlight the property's potential for both uranium and rare earth elements.

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) announced excellent desorption test results for rare earth elements (REE) from the Target IV Ionic Adsorption Clay deposit at the PCH project in Goias, Brazil. Key highlights include:

- Recoveries up to 47.72% TREO, 67.18% HREO, 58.85% Dy+Tb, and 81.67% Nd+Pr from various drillholes

- Significant recovered desorption intercepts, such as 8m@32.92% TREO from PCH-RC-034

- High correlation between ALS and AGS Laboratories results

The company plans ongoing auger drilling and desorption testing on 4 newly identified targets, as well as developing a Preliminary Economic Assessment (PEA) of Target IV and the Buriti Zones.

Appia Rare Earths & Uranium Corp. announced the extension of a non-binding memorandum of understanding (MOU) with 15997356 Canada Inc. to option up to 100% working interest in the Elliot Lake Uranium Project. Originally announced on May 15, 2024, the agreement's financing commitment deadline has been extended to August 9, 2024. All original terms remain unchanged, except Appia can now solicit and engage with new or previous interested parties for other potential deal structures. Appia retains the right to terminate the transaction by notifying the purchaser in writing.

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) has commenced a diamond drilling program at its uranium-bearing Loranger property near the Athabasca Basin in Saskatchewan, Canada. The program targets favorable geophysical indicators intersecting the Tabbernor Fault system to discover conductors and alteration halos indicative of uranium mineralization. Up to 1,000 meters of drilling across 3 to 4 targets are planned. This follows a successful ground reconnaissance on the Eastside property completed last month. Operations, based in Points North, Saskatchewan, are expected to conclude within 18 days.

Appia Rare Earths & Uranium Corp. (CSE: API, OTCQX: APAAF) announced plans to start a diamond drilling program at its Loranger property, located near the uranium-rich Athabasca Basin in Saskatchewan, Canada. The operation will target NE-SW electromagnetic conductors identified in a 2021 geophysical survey, with drilling to commence mid-June 2024.

The company will drill up to 1,000 meters across 3-4 holes at depths of 200-300 meters, supported by Mustang Helicopters Inc. and Apex Diamond Drilling The project will involve local community workers from the Hatchet Lake First Nations Band to foster community engagement and support.

This program represents a significant step in exploring and developing the Loranger property. The initiative is overseen by Dr. Irvine R. Annesley, a Qualified Person as defined by National Instrument 43-101.

Appia Rare Earths & Uranium Corp. (CSE: API, OTCQX: APAAF, FSE: A0I0, MUN: A0I0, BER: A0I0) has achieved a 10% ownership interest in Appia Brasil Rare Earths Mineracao Ltda, which holds the PCH Project in Goiás State, Brazil. The company spent over $1 million USD to meet the requirements of the Quotaholders Agreement. Appia plans to issue 500,000 shares to Beko by June 19, 2024, and Beko will receive a 1% net smelter returns royalty. Appia aims to reach a 70% stake in Appia Brasil by issuing an additional 1.5 million shares and investing $9 million USD over the next four years. If they achieve 60% ownership, they will need to issue another $1.25 million USD in shares to gain an additional 10% interest. Upon reaching 70% ownership, Appia and Antonio Vitor Junior will enter into a joint venture to further develop the property.