Mr. Tom Drivas reports

APPIA ANNOUNCES CLOSING OF $425,000 NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT

Further to its press release dated Dec. 23, 2024, Appia Rare Earths & Uranium Corp. has closed its non-brokered private placement for 3,541,667 flow-through units at a price of 12 cents per FT unit for gross proceeds of $425,000.04.

Each FT unit comprises one flow-through common share priced at 12 cents per FT share and one common share purchase warrant, with each warrant entitling the holder to acquire one common share of the company at a price of 15 cents until Dec. 31, 2025.

An eligible finder was paid $21,000 in cash and issued 175,000 brokers' warrants in relation to the sale of FT units placed by the finder. Each broker's warrant issued entitles the holder to acquire one common share of the company at a price of 15 cents until Dec. 31, 2026. The securities issued are subject to a hold period expiring on May 1, 2025.

The gross proceeds from the offering will be used for Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)) that qualify as a flow-through critical-mineral mining expenditure for purposes of the tax act related to the exploration program of the company to be conducted on the company's properties located in Saskatchewan. The company will renounce such Canadian exploration expenses with an effective date of no later than Dec. 31, 2024. The Canadian exploration expenses to be renounced by the company will qualify for the critical-mineral exploration tax credit under the tax act.

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 June 9, 2023, press release), which is 42,932.24 hectares in size and located within Goias state, Brazil (see Jan. 11, 2024, press release). The company is also focused 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, Ontario.

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