Appia Identifies Three High-Priority Drill Targets at Its Otherside Uranium Property Similar to the McArthur River Ingress/Egress Deposit Model

About this update from Appia Rare Earths & Uranium Corp

Toronto, Ontario--(Newsfile Corp. - June 29, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that newly processed SPARTAN Magnetotelluric ("MT") survey data along 3 lines (Figure 1) has been received. The Company views the newly processed MT results, in combination with their previous geophysical datasets, as extremely encouraging. After initial review, they have identified a highly prospective drill target corridor on Line 2 at the Company's 100 percent owned Otherside Uranium Property (the "Property") in Saskatchewan's Athabasca Basin, where targets P-09, P-09A, and P-10 (Figure 1) occur within a major electromagnetic (EM) conductor break/offset that displays some geophysical similarities to the structural setting of Cameco's McArthur River uranium deposit. Cameco's McArthur River uranium mine is the world's largest super high-grade uranium mine and remains one of the Athabasca Basin's premier uranium operations. Line 2 cuts across the central break of the approximately 49-km long Otherside conductor trend. This area has been a key part of Appia's exploration thesis since the Property was originally staked several years ago, as the large conductor offset near the center of the claim block was recognized as a potentially favourable structural setting for Athabasca-style unconformity-type uranium mineralization. The newly processed MT data has now provided stronger support for the Company's original interpretation. Within the area of the conductor break surveyed by Line 2, and specifically in the area of proposed drill targets P-09, P-09A, and P-10, the data has identified a combination of geophysical features (Figure 2) that Appia considers highly prospective. These include: Tom Drivas, CEO of Appia, commented:"The newly processed MT data from Line 2 has identified what we believe is the most compelling drill target area at Otherside. Drill targets P-09, P-09A, and P-10 occur within a major conductor break and display several geophysical features that strengthen our original uranium exploration model for the Property. This exciting development is pointing us toward a focused target area with characteristics reminiscent of Cameco's world-renowned McArthur River super high grade uranium deposit, and we are eager to advance the Proper...

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