Toronto, Ontario--(Newsfile Corp. - August 8, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") wishes to announce that it is extending its non-brokered private placement, announced on July 12, 2024, of up to 10,000,000 working capital units (the "WC Units") of the Company at a price of $0.10 per WC Unit for up to $1,000,000 (the "Offering") to provide the Company with working capital and funding for exploration of the Corporation's PCH Project in Brazil. The Offering is being extended until the earlier of the completion of the Offering and September 20, 2024.

Each WC Unit consists of one (1) common share of the Company priced at $0.10 per common share and one (1) common share purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to purchase one (1) common share (a "WC Warrant Share") at a price of $0.20 per WC Warrant Share until the earlier of (i) twelve (12) months from Closing; and (ii) in the event that the closing price of the Common Shares on the Canadian Securities Exchange is at least $0.30 for ten (10) consecutive trading days, and the 10th trading day (the "Final Trading Day") is at least four (4) months from the Closing, the date which is thirty (30) days from the Final Trading Day (the "Trigger Date").

Eligible Finders may receive up to 6% of the value of proceeds on the sale of the WC Units in cash and up to 6% of the number of WC Units sold in the form of broker warrants. Each broker warrant issued in relation to the sale of WC Units ("Broker Warrants"), entitles the holder to acquire one (1) common share of the Corporation a price of $0.10 for twelve (12) months from the Closing.

Insiders of the Company may subscribe for up to 25% of the Offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which will be issued to the insiders will not exceed 25% of its market capitalization.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.