Appia Plans a 3,300 Metre Summer Drill Program at the Alces Lake Rare Earth Elements Property

• Appia Rare Earths & Uranium Corp. has finalized logistics for a 3,300-metre diamond drill program at its Alces Lake REE Property in Saskatchewan.
• Mobilization is scheduled to commence on or about May 29, 2026.
• The program consists of 9 holes targeting high-priority zones (Targets 1, 5, 6, and 7) identified via a November 2025 ground gravity survey.
• Drilling will test depths between 300 to 500 metres along the regional northwest-southeast structural corridor.
• Targets exhibit geophysical similarities to known high-grade zones (WRCB and Magnet Ridge).
• The company holds 100% ownership of the Alces Lake property, which contains high-grade total and critical rare earth elements (CREO) and gallium mineralization.

• Routine - Positive: This announcement represents the execution phase of exploration plans previously outlined in November 2025 (gravity survey results). It confirms management is moving forward with capital deployment but does not introduce new discovery data or financing terms that would alter valuation significantly at this stage.
• Progression Check: The news follows a logical sequence: Oct/Nov 2025 Financing & JV Deal -> Feb 2026 Brazil Drilling Results -> Apr 2026 Uranium Survey Completion -> Apr 2026 Alces Lake Drill Plan. This indicates consistent operational momentum across multiple jurisdictions (Saskatchewan and Brazil).
• Expectations: The market likely anticipated this drill program following the November gravity survey announcement. Therefore, the news is incremental rather than transformative.
• Risk Note: Mobilization in late May suggests a short drilling window before winter conditions potentially return or logistical constraints arise in Saskatchewan.

• Company: Appia Rare Earths & Uranium Corp. (TSX-V: API).
• Flagship Projects:
  1. Alces Lake (Saskatchewan): 100% owned REE/Gallium property. High-grade targets identified via gravity survey.
  2. Otherside (Saskatchewan): 100% owned Uranium property in the Athabasca Basin. MT survey completed showing EM conductor trends comparable to NexGen Energy's Arrow deposit.
  3. PCH Project (Brazil): Ionic Adsorption Clay REE project. Appia holds a 25% interest; Ultra Rare Earth holds 50% via JV. High-grade carbonatite drilling results reported in Feb 2026 (14.27% TREO).
• Development Stage: Exploration and Resource Definition. No production revenue currently.