Appia Rare Earths and Uranium Corp (APAAF)

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Appia Announces Assay Results Of The Alces Lake Western Anomalies Drilling Campaign

TORONTO, ONTARIO, April 4rth, 2023 - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE: API, OTCQX: APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is excited to announce the release of assay results from 2022 diamond drilling of various regional exploration targets at its 100%-owned Alces Lake Rare Earth Elements (REES) Property, Northern Saskatchewan.

Final assays for Appia’s 2022 Alces Lake diamond drilling program have been received, compiled, and interpreted zone-by-zone, the third (and final) set of results is reported here. In 2022, The Company completed an extensive diamond drilling campaign of regional exploration targets. Targets were identified primarily through the interpretation of the company’s 2021 Airborne Radiometric (U, Th, K) survey in conjunction with its 2021 and 2022 prospecting results. Table 1 below highlights the most significant geochemical assay results from the regional drilling program. Table 2 provides the collar information for all of the drill holes from the 2022 regional diamond drilling program. The complete assays results are available in Table 3 by clicking on this link.

The Magnet Ridge West Target (Figures 1 and 2), first identified and drilled in 2022, returned multiple intervals of a REE (monazite-bearing) mineralization over significant drill widths, including:

15.78m @ 0.201 wt.% TREO from hole 22-MRW-005
6.29m @ 0.253 wt.% TREO from hole 22-MRW-006
10.12m @ 0.145 wt.% TREO from hole 22-MRW-009
Follow-up drilling is warranted

The West Limb area (Figures 1 and 3), where Appia recently reported a discovery of massive monazite at surface, returned 2.07m @ 0.447 wt.% TREO from hole 22-WEL-004. And from the large Western Anomaly area (Figures 1 and 4), DDH 22-WES-003 returned 8.31m @ 0.123 wt.% TREO.

“Combined with the recently released results from the WRCB’s high-grade Wilson Zone (See March 2nd, 2023 News Release) and the extension of the Magnet Ridge Zone’s thick sequences of REES near surface over significant strike length and drilled widths exceeding 28 metres (See March 20th, 2023 News Release), Appia’s 2022 work season produced excellent results and further established Alces Lake as the Company’s priority project,” stated Stephen Burega, President.”

He continued, “Follow-up geophysical and geochemical surveys are planned along and across the highest-priority areas of Alces Lake’s major structural corridor that extends south-southeast from the main mineralized zones at WRCB to Magnet Ridge and continues for another 20 to 25 km. A highly focussed drilling campaign will test numerous targets to further delineating the continuity of mineralization controlled by this important structural corridor.”

Vice President, Exploration Irvine Annesley says, “The scale and extent of regional REE anomalies on the Alces Lake project provides us with numerous targets to test (drill) outside of the WRCB and Magnet Ridge areas. This clearly shows us that the Alces Lake area has a lot more mineralization to discover/uncover from surface to depth. Volume and tonnage is the intended result”.