Appia Rare Earths & Uranium Corp. has issued the first tranche of 500,000 shares pursuant to the Definitive Agreement with 3S LTDA ("3S"), Beko Invest Ltd. ("Beko"), Antonio Vitor Junior ("Antonio") and AZ125 Mineracao Ltda, now known as Appia Brasil Rare Earths Mineracao Ltda to acquire up to a 70% interest in the PCH Project located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. The Shares are subject to a hold period expiring on April 12, 2024.

The PCH Project is located within the Tocantins Structural Province in the Brasília Fold Belt, more specifically, the Arenópolis Magmatic Arc. The PCH Project is 17,551.07 ha in size and located within the Goiás State of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE and Niobium mineralization.

This mineralization is related to alkaline lithologies of the Fazenda Buriti Plutonic Complex and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the recent geochemical exploration work carried out to date indicates the potential for REEs and Niobium within lateritic ionic adsorption clays.