Mr. Tom Drivas reports

APPIA EARNS FURTHER 5.89% LEGAL AND BENEFICIAL INTEREST IN THE PCH PROJECT

Further to Appia Rare Earths & Uranium Corp.'s press release dated June 12, 2024, Appia has earned a further 5.89-per-cent legal and beneficial ownership interest in Appia Brasil Rare Earths Mineracao Ltda., the Brazilian company that holds the PCH project located in the Tocantins structural province of the Brasilia fold belt, Goias state, Brazil. Appia now holds 15.89 per cent.

Pursuant to the quotaholders agreement among Appia, Beko Invest Ltd. and Antonio Vitor Junior dated July 20, 2023, which governs the continuing exploration and development of the property, Appia has expended $2,030,204 (U.S.) pursuant to the quotaholders agreement to earn a further 5.89-per-cent interest in Appia Brasil. Appia now holds 15.89 per cent.

The 500,000 shares to be issued will be subject to a four-month-and-one-day hold period from the date of issuance. Appia can earn up to a 70-per-cent interest in Appia Brasil. Reference is made to the Dec. 4, 2023, press release for further particulars.

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 the Goias state of Brazil (see Jan. 11, 2024, press 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, Ontario.

Appia has 168 million common shares outstanding, 205 million shares fully diluted.

We seek Safe Harbor.