Mr. Tom Drivas reports

APPIA RARE EARTHS & URANIUM CORP. RECEIVES $98,355.52 SASKATCHEWAN TMEI GRANT & $126,542.57 DEFICIENCY DEPOSIT REFUND

Appia Rare Earths & Uranium Corp. has made two significant funding achievements that will directly support its 2025 Saskatchewan exploration programs.

Saskatchewan TMEI grant approval -- Loranger property

Appia has been approved for and received a $98,355.52 grant cheque through the Saskatchewan Targeted Mineral Exploration Incentive (TMEI) program. The TMEI grant provides eligible exploration companies with funding equal to 25 per cent of qualifying exploration costs -- including diamond drilling, downhole surveys, logging and geophysical surveys --incurred within Saskatchewan. In 2024, Appia completed three diamond drill holes on its high-priority Loranger rare earth element and uranium property, with two holes confirming REE and uranium mineralization.

Deficiency deposit refund -- Otherside property

Appia has also received a full refund of $126,542.57 relating to the deficiency deposit originally posted on its Otherside property in February, 2024, to allow the company to hold 100-per-cent ownership over the property. Following this in October, 2024, Appia completed an airborne gravity gradiometer and magnetic survey over the Otherside property. This survey not only qualified for more than enough work expenditure to fully satisfy the 2024 expenditure commitment, but to also qualified the company for a total refund of the initial $126,542.57 deposit.

"On behalf of Appia, I would like to sincerely thank the government of Saskatchewan for their ongoing support -- both for the $98,355.52 TMEI grant approval and reimbursement of the $126,542.57 Otherside deficiency deposit. Their commitment to exploration allows us to reinvest these funds into our 2025 drill programs at several of our Saskatchewan properties. The province's leadership in uranium mining -- helping Canada supply roughly 15 per cent of the world's mined uranium -- and its emergence as North America's premier rare earth jurisdiction, make this province the ideal partner for advancing critical-mineral exploration," said Tom Drivas, chief executive officer of Appia.

Use of funds

Appia intends to apply both the TMEI grant and deficiency deposit -- totalling $224,898.09 -- toward its 2025 Saskatchewan exploration initiatives. Priority programs include follow-up drilling and geophysical surveys on the Otherside and Alces Lake properties, advancing the company's objective to delineate high-grade rare earth and uranium targets in the Athabasca basin region.

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.

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