Appia Reports Diamond Drilling on ULTRA HARD ROCK Carbonatite Target Intercepts 300m at 2.55% Total Rare Earth Oxide from Surface Including 1.7m at 14.27% TREO in Goias, Brazil

Core Viewpoint - Appia Rare Earths & Uranium Corp. announces significant preliminary assay results from a 26-hole diamond drilling program at the Ultra Hard Rock carbonatite target, indicating high-grade Total Rare Earth Oxide (TREO) and Magnet Rare Earth Oxide (MREO) intervals [1][5]. Drilling Program Details - The drilling program totaled 7,347.1 meters across 26 holes, with results from 13 holes received to date and additional results pending [1][2]. - The Ultra Hard Rock and Ultra IAC Projects cover a total area of 42,932.24 hectares in Goiás, Brazil, where Appia holds a 25% interest [1][14]. Assay Results - Notable assay results include: - Hole UNA-DDH-015: 300 meters with an average TREO of 2.55%, including a high-grade interval of 1.7 meters grading 14.27% TREO [3][5]. - Other holes also reported significant TREO and MREO values, with some intervals exceeding 4% TREO [5]. - The presence of uranium and thorium is low, averaging 7.46 ppm and 66.48 ppm, respectively, indicating a focus on rare earth elements [8]. Project Characteristics - The Ultra IAC and Hard Rock Projects feature two distinct mineralization styles: Ionic Adsorption Clay REE mineralization and high-grade REE mineralization associated with carbonatite intrusions [4]. - Drilling on the ULTRA IAC Target is ongoing, with plans for a total of 952 Reverse Circulation (RC) holes, and initial assay results expected soon [4]. Future Exploration and Development - The results from the current drilling program are expected to support the development of a future mineral resource estimate, with ongoing exploration drilling to further define the mineralized intrusion [7]. - The company remains optimistic about the scale and mineralization potential of the carbonatite system [7].