Appia Presenting at Mining Investment Forums in Tokyo, Seoul and Beijing
Toronto, October 7, 2019 - Appia Energy Corp. (CSE:API) (OTCQB: APAAF) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the "Company" or "Appia") is pleased to announce its participation in three Canada Mineral Investment Forums (the "Forums") hosted by the Canadian Embassy of the respective country. Appia's Vice-President, Exploration & Development, Mr. James Sykes, will be presenting in Tokyo, Japan, on October 7, Seoul, South Korea, on October 10, and Beijing, China, on October 14. Well over 50 participants representing mining companies, manufacturers, and investors are expected to be in attendance for each Forum.
The Company will be emphasizing its World-class, high-grade rare earth element ("REE") Alces Lake project, as well as its uranium assets in northern Saskatchewan and Elliot Lake, Ontario, due to the increased interest generated around these "critical" green energy elements in these Asian countries.
Previously released results of the recently completed high-grade critical REE summer exploration program on the Alces Lake project include some of the highest-grade critical REEs ever discovered, which include 16.10 wt% total rare earth oxide ("TREO") over 11.65 m in drill hole IV-19-003 (see Table 1, attached), and 16.06 wt% TREO over 15.55 m, including 49.17 wt% TREO over 3.7 m, in follow-up drill hole IV-19-012 (see news releases filed on SEDAR on July 16 and September 3, 2019. Drill hole assay results for the remaining 32 drill holes are expected within 2 weeks.
About Appia
Appia is a Canadian publicly-traded company in the uranium and rare earth element sectors. The Company is currently focusing on delineating high-grade critical rare earth elements ("REE") and uranium on its Alces Lake property, as well as prospecting for high-grade uranium in the prolific Athabasca Basin on its Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 57,048 hectares (140,968 acres) in Saskatchewan.
The Company also has a 100% interest (subject to a 1% Uranium Production Payment Royalty and a 1% Net Smelter Return Royalty on any precious or base metals payable, provided that the price of uranium is greater than US$130 per pound) in 12,545 hectares (31,000 acres), including rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario, which historically produced over 300 million pounds of U3O8 and is the only Canadian camp that has had significant rare earth element (yttrium) production. The deposits are largely unconstrained along strike and down dip.
Appia's technical team is directed by James Sykes, who has had direct and indirect involvement with over 550 million lbs. U3O8 being discovered in five deposits in the Athabasca Basin.
Appia has 65.3 million common shares outstanding, 85.2 million shares fully diluted.
Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Tom Drivas, President, CEO and Director: (tel) 416-546-2707, (fax) 416-218-9772 or (email) appia@appiaenergy.ca
James Sykes, VP Exploration & Development, (tel) 306-221-8717, (fax) 416-218-9772 or (email) jsykes@uraniumgeologist.com
Frank van de Water, Chief Financial Officer and Director, (tel) 416-546-2707, (fax) 416-218-9772 or (email) fvandewater@rogers.com
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