Appia Discovers an Unprecedented High-Grade Mineralized Zone: Total Weighted Average Grade of 7,578 ppm or 0.76% Total Rare Earth Oxide Across 10 Reverse Circulation Drill Holes at Its PCH Ionic Clay Project, Brazil

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0.F) (FSE: A0I0.MU) (FSE: A0I0.BE) (the "Company" or "Appia") is pleased to announce the further delineation of the SW Extension Zone, a significant high-grade Rare Earth Elements (REE) mineralized zone located in the Southwest (SW) corner of the Target IV zone. This discovery spans an area of over 1,000 metres by 500 metres, with an average thickness of approximately 19 metres, and builds on the previously announced remarkable PCH-RC-63 results. (See Oct. 31st, 2023 Press Release)

Highlights:

High-Grade SW Extension Zone:
- 10 Reverse Circulation (RC) holes with a total weighted average of 7,578 ppm or 0.76% Total Rare Earth Oxide (TREO), including:
  - 1,744 ppm or 0.17% Magnet Rare Earth Oxide (MREO), and 416 ppm or 0.04% Heavy Rare Earth Oxide (HREO); 7,162 ppm or 0.71% Light Rare Earth Oxide (LREO)
  - The SW Extension Zone currently spans approximately 0.5 km² with average hole depths of 19 metres - all open at depth.
Highest-Grade RC and Auger (AH) Intercepts:
- PCH-RC-067 from 0 to 11m EOH:
  - 24,309 ppm or 2.43 % TREO, 5,717 ppm or 0.57% MREO, 1,452 ppm or 0.15% HREO, and 22,857 ppm or 2.29% LREO.
- PCH-RC-066 from 0 to 13m EOH:
  - 12,858 ppm or 1.29% TREO, 2,789 ppm or 0.28% MREO, 524 ppm or 0.05% HREO, and 12,334 ppm or 1.23% LREO.
- PCH-RC-063 from 0 to 24m EOH:
  - 27,188 ppm or 2.72% TREO, 6,293 ppm or 0.63% MREO, 1,369 ppm or 0.14% HREO, and 25,819 ppm or 2.59% LREO.
- 2 AH holes have a total weighted average of 10,249 ppm or 1.02% TREO, including:

"We believe that the high-grade nature of the SW Extension Zone, which contains Magnet Rare Earth Oxides sample values of up to 13,212 ppm or 1.32%, places this discovery on a global stage. The fact that all of these holes are still open at depth creates an opportunity to discover additional mineralization at depth," stated Tom Drivas, CEO.

"Appia's work with exploratory auger drilling has delivered compelling results, particularly when the 2023 auger holes PCH-AH-29 and PCH-AH-30 are included, which returned a total weighted average of over 10,000 ppm or +1% TREO over 7m of depth," noted Stephen Burega, President, "Follow-up RC drilling successfully expanded the overall total depth of the high-grade mineralization to an average of approximately 19 metres across this zone, and we've observed mineralization throughout the length of all RC and Auger holes. For instance, holes PCH-RC-063 with a total depth of 24m and PCH-RC-067 with a total depth of 11m, each yielded grades exceeding 24,000 ppm or 2.4% TREO and over 5,000 ppm or 0.5% MREO at the bottom of each drill hole."

The lateral extension and the depth of the SW Extension high-grade zone has not been fully tested, and the Company eagerly awaits results from the remaining 7 RC holes drilled within this new zone, in addition to the numerous RC drill holes to the south located outside of the Target IV boundary. Target IV encompasses 1,702 hectares, with the Southwest extension zone occupying about 50 hectares. In total, the PCH project spans 17,551 hectares.

Map #1 - Map of RC and Auger drilling locations at the high-grade SW extension zone.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/188883_06c0fcf9c473590f_005full.jpg

REVERSE CIRCULATION AND AUGER HOLE COMPOSITE (ASSAY IN PPM, BY SGS LAB)
Hole #	PCH-RC-017	PCH-RC-018	PCH-RC-039	PCH-RC-040	PCH-RC-063	PCH-RC-064	PCH-RC-065	PCH-RC-066	PCH-RC-067	PCH-RC-068	PCH-AH-029	PCH-AH-030
TREO	1,549.61	1,676.84	2,163.97	3,900.03	27,188.70	2,388.26	2,023.14	12,857.62	24,308.97	2,840.66	4,122.37	16,374.88
MREO	312.58	362.95	508.42	883.95	6,293.19	523.79	466.63	2,788.80	5,717.47	688.93	1,065.97	2,954.46
HREO	109.90	112.13	137.18	229.03	1,369.46	161.29	166.32	524.08	1,452.30	185.43	360.54	456.82
LREO	1,439.71	1,564.71	2,026.79	3,671.00	25,819.24	2,226.97	1,856.81	12,333.54	22,856.67	2,655.23	3761.8355	15,918.07
Magnet -MREO
Total depth	0 - 9m (EOH)	0 - 18m (EOH)	0 - 27m (EOH)	0 - 15m (EOH)	0-24m (EOH)	0-16m (EOH)	0-22m (EOH)	0 - 13m (EOH)	0 - 11m (EOH)	0 - 33m (EOH)	0 - 7m (EOH)	0 - 7m (EOH)
Nd2O3	197.72	233.85	337.41	582.01	4,511.49	337.13	295.04	1,952.89	4,032.79	464.44	689.29	2,018.79
Pr2O3	60.31	71.77	98.40	179.67	1,026.18	105.97	89.35	552.87	935.84	131.38	189.48	668.72
Sm2O3	32.68	36.50	48.48	83.43	524.14	49.36	48.61	207.84	469.36	61.78	123.43	209.44
Dy2O3	18.70	17.59	20.23	32.57	191.04	26.72	28.51	62.17	236.98	26.49	53.20	47.39
TbO3	3.18	3.24	3.91	6.27	40.33	4.61	5.12	13.04	42.50	4.84	10.57	10.13
MREO	312.58	362.95	508.42	883.95	6,293.19	523.79	466.63	2,788.80	5,717.47	688.93	1,065.97	2,954.46
Heavy - HREO
Total depth	0 - 9m (EOH)	0 - 18m (EOH)	0 - 27m (EOH)	0 - 15m (EOH)	0-24m (EOH)	0-16m (EOH)	0-22m (EOH)	0 - 13m (EOH)	0 - 11m (EOH)	0 - 33m (EOH)	0 - 7m (EOH)	0 - 7m (EOH)
Sm2O3	32.68	36.50	48.48	83.43	524.14	49.36	48.61	207.84	469.36	61.78	123.43	209.44
Eu2O3	7.30	8.57	11.21	20.96	133.04	13.48	14.50	49.01	125.46	16.28	31.96	46.95
Gd2O3	24.39	26.30	31.52	53.97	332.05	36.69	40.15	121.62	329.05	41.15	85.26	100.49
TbO3	3.18	3.24	3.91	6.27	40.33	4.61	5.12	13.04	42.50	4.84	10.57	10.13
Dy2O3	18.70	17.59	20.23	32.57	191.04	26.72	28.51	62.17	236.98	26.49	53.20	47.39
Ho2O3	3.26	2.93	3.36	5.22	30.73	4.67	4.88	10.77	43.46	4.89	9.04	7.34
Er2O3	9.43	7.94	8.70	13.13	69.69	12.57	12.85	29.10	110.41	13.82	23.79	18.07
Tm2O3	1.23	1.00	1.06	1.56	7.33	1.59	1.54	3.78	13.56	1.85	2.91	2.10
Yb2O3	8.51	7.00	7.59	10.40	36.79	10.24	9.02	23.48	72.89	12.54	18.14	13.22
Lu2O3	1.23	1.07	1.11	1.51	4.31	1.36	1.14	3.26	8.64	1.78	2.23	1.70
HREO	109.90	112.13	137.18	229.03	1,369.46	161.29	166.32	524.08	1,452.30	185.43	360.54	456.82
Light -LREO
Total depth	0 - 9m (EOH)	0 - 18m (EOH)	0 -27m (EOH)	0 - 24m (EOH)	0-24m (EOH)	0-16m (EOH)	0-22m (EOH)	0 - 13m (EOH)	0 - 11m (EOH)	0 - 33m (EOH)	0 - 7m (EOH)	0 - 7m (EOH)
La2O3	406.30	427.54	587.20	1,046.29	9,004.33	705.08	553.75	3,870.80	7,837.68	724.34	977.03	5,063.70
CeO2	775.38	831.54	1,003.79	1,863.03	11,277.23	1,078.79	918.68	5,956.99	10,050.36	1,335.07	1,906.04	8,166.86
Pr2O3	60.31	71.77	98.40	179.67	1,026.18	105.97	89.35	552.87	935.84	131.38	189.48	668.72
Nd2O3	197.72	233.85	337.41	582.01	4,511.49	337.13	295.04	1,952.89	4,032.79	464.44	689.29	2,018.79
LREO	1,439.71	1,564.71	2,026.79	3,671.00	25,819.24	2,226.97	1,856.81	12,333.54	22,856.67	2,655.23	3,761.84	15,918.07

Table #1 – Denotes weighted average chemical assay results of composites RC and Auger samples from high-grade SW Extension zone. For full assay results please click here for RC and click here for Auger.

TREO = ([CeO2 ppm] + [Dy2O3 ppm] + [Er2O3 ppm] + [Eu2O3 ppm] + [Gd2O3 ppm] + [Ho2O3 ppm] + [La2O3 ppm] + [Lu2O3] ppm] + [Nd2O3 ppm] + [Pr2O3 ppm] + [Sm2O3 ppm] + [TbO3 ppm] + [Tm2O3 ppm] + [Yb2O3 ppm]). MREO = ([Dy2O3 ppm] + [Pr2O3 ppm] + [Nd2O3 ppm] + [Sm2O3 ppm] + [TbO3 ppm]). HREO = [Dy2O3 ppm] + [Er2O3 ppm] + [Eu2O3 ppm] + [Gd2O3 ppm] + [Ho2O3 ppm] + [Lu2O3] ppm] + [Sm2O3 ppm] + [TbO3 ppm] + [Tm2O3 ppm] + [Yb2O3 ppm]).

Chart #1 - Denotes the Drill Log from CH -RC-063.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/188883_06c0fcf9c473590f_007full.jpg

Chart #2 - Denotes the Drill Log from CH -RC-066.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/188883_06c0fcf9c473590f_008full.jpg

Chart #3 - Denotes the Drill Log from CH -RC-067.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/188883_06c0fcf9c473590f_009full.jpg

Table #2 - PCH Target IV Reverse Circulation and Auger collar details - SIRGAS 2000 - UTM zone 22S - Click Here

Appia has previously provided details on a total of 57 RC drill holes, showcasing an extraordinary overall total weighted average grade of 2,287 ppm TREO, (see press release dated November 9, 2023). The Company will provide timely updates to investors as assay results are received from the remaining 85 RC, 128 Auger, and 1 diamond drill holes which are located both within Target IV and from various extension zones outside of the main Target IV zone.

Background on the PCH Project

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 geochemical exploration work carried out to date indicates the potential forhigh-grade REEs and Niobium mineral resources within the lateritic ionic adsorption clays.

The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.

QA/QC

Reverse circulation (RC) drill holes are vertical and reported intervals are true thicknesses.. Each are sampled at one metre intervals, resulting in average sample sizes of 5-25 kg. A small representative specimen was taken from each sample bag and placed into a chip tray for visual inspection and logging by the geologist. Quartering was performed at Appia's logging facility using a riffle splitter and continued splitting until a representative sample weighing approximately 500g each was obtained, bagged in a resistant plastic bag, labeled, photographed, and stored for shipment.

The samples were sent to the SGS laboratory in Vespasiano, Minas Gerais. In addition to the internal QA/QC of the SGS Lab, Appia has included its own control samples in each sample batch sent to the laboratory.

Quality control samples, such as blanks, duplicates, and standards (CRM) were inserted into each analytical run. For all analytical methods, the minimum number of QA/QC samples is one standard, one duplicate and one blank, introduced every batch which comprise a full-length hole. The rigorous procedures implemented during the sample collection, preparation, and analysis stages underscore the robustness and reliability of the analytical results obtained.

All analytical results reported herein have passed internal QA/QC review and compilation. All assay results of RC samples were provided by SGS Geosol, an ISO/IEC 17025:2005 certified laboratory, which performed their measure of the concentration of rare earth elements (REE) analyses by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) analytical methods.

The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp. (Appia)

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The Company also has a 100% interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. Lastly, the Company holds the right to acquire up to a 70% interest in the PCH Project which is 17,551.07 ha. in size and located within the Goiás State of Brazil. (See June 9^th, 2023 Press Release - Click Here)

Appia has 130.5 million common shares outstanding, 138.0 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 a guarantee 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, CEO and Director: (cell) 416-876-3957, (fax) 416-218-9772 or (email) tdrivas@appiareu.com

Stephen Burega, President: (cell) 647-515-3734 or (email) sburega@appiareu.com

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Appia Rare Earths & Uranium API:CC CSE:API Critical Metals Investing

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Appia Announces Preliminary Desorption Results and Confirms Ionic Adsorption Clay Rare Earth Mineralization in Brazil

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today the confirmation of the presence of Ionic Adsorption Clay (IAC) rare earth elements (REE) at the PCH project. A total of 100 samples were sent to AGS Laboratories in La Serena, Chile and the results consistently indicated that the regolith developed over the Ipora Granite presented significant recoveries for Magnet Rare Earth Oxides (MREO) and Heavy Rare Earth Oxides (HREO) consistent with the expected profile of an IAC ore.

Stephen Burega, President, commented, "We are very excited with the recoveries of this first phase of testing. The desorbable Magnet and Heavy Rare Earth recoveries achieved in these initial desorption tests confirm high-grade ionic adsorption clay characteristics which compare very favourably to commercially viable operations in China and globally. We will now work towards fine-tuning the process to increase the level of recovery. Appia is confident that the expansion of our exploration efforts across the PCH project area will uncover many new targets exhibiting this same IAC profile and desorbability."

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Appia Announces Appointment of Mr. Andre Costa as New VP Exploration for Brazil Operations

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today the appointment of Mr. Andre Costa as its new VP Exploration for its Brazil Operation effective immediately. Mr. Costa will oversee the ongoing development of the Company's PCH Ionic Adsorption Clay project located in Goias, Brazil.

Tom Drivas, CEO stated, "Having the right leadership in place to direct our plans and team in Brazil has been a priority for Appia, and we are so pleased to have Mr. Andre Costa joining us at this pivotal time in our growth cycle. As Appia moves to the next phase in the exploration of the PCH project, and following the announcement of our maiden Mineral Resource Estimate (MRE) on Target IV and Buriti Zones and NI 43-101 technical report, Mr. Costa will design and implement programs to further delineate extension zones at these targets along with drill testing the next series of high-potential REE areas, and will oversee our ongoing metallurgic testing programs."

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Appia Files NI 43-101 Technical Report on Maiden Indicated and Inferred Mineral Resource Estimate for the PCH Ionic Adsorption Clay Project in Goias, Brazil

6.6 Million Tonnes Indicated Grading 2,513 ppm TREO
46.2 Million Tonnes Inferred Grading 2,888 ppm TREO

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today that an independent technical report prepared in accordance with National Instrument 43-101 ("NI 43-101") has been filed for the PCH ionic adsorption clay (IAC) project (the "PCH Project") located in the State of Goiás, Brazil. The report entitled 'Technical Report on the Maiden Mineral Resource Estimate for The PCH Project, State of Goiás, Brazil' dated April 15th, 2024 with an effective date of February 1, 2024 (the "PCH MRE Report"). The PCH MRE Report was co-authored by Yann Camus, P.Eng., Marc-Antoine Laporte, P.Geo., M.Sc., and Sarah Dean, P.Geo., of SGS Canada Inc. ("SGS"), all of whom are independent qualified persons under NI 43-101. The PCH MRE Report is available for review on SEDARplus (www.sedarplus.com) and the Company's website www.appiareu.com.

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Appia Engages Generation IACP to Provide Market Making Services

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that it has engaged Generation IACP Inc. ("IACP") to provide services as a market maker in compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable legislation.

IACP will receive a fee of C$7,500 plus applicable taxes per month. The agreement between the Company and Generation is for an initial term of six (6) months and shall be automatically renewed for subsequent six (6) month periods (collectively, the "Term") unless the Company provides written notice of termination to IACP at least 30 days prior to the end of the Term or IACP provides a written notice of termination to the Company. Commencing on the first anniversary of the agreement, the fee payable to Generation will automatically increase annually by 3%.

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Australia Allocates AU$566.1 Million for Critical Minerals Exploration

In a bid aimed at fortifying Australia's position as a global leader in critical minerals and renewable energy, the Albanese government has announced a 10 year, AU$566.1 million investment into critical minerals exploration.

“There is no nation on earth better placed than Australia to achieve our goal of moving toward a clean energy future,” remarked Prime Minister Anthony Albanese in a Wednesday (May 8) press release.

“This investment highlights my Government’s commitment to building a secure and sustainable future for all Australians. By investing significantly in geoscience, we can boost our progress towards net zero,” he added.

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Uranium Sector Expected to See a Run as Positive Momentum and Demand Builds

FN Media Group News Commentary - An article from REUTERS on the Uranium markets earlier this year painted a prosperous picture for the global Uranium. The report said: "Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosting trading in physical uranium and in Goldman's case trading its options as well, five industry and hedge fund sources with knowledge of the deals said. The heightened activity comes as utilities seek new supplies amid shortfalls that have lifted prices to 16-year highs ." It continued: "A few hedge funds are also stepping up involvement in both equities and physical uranium, a sign that the metal is starting to broaden its appeal to financial institutions after a decade in the doldrums following the Fukushima nuclear disaster. With the headlines and positive momentum in nuclear more generally, hedge funds and other commodity investors are back in the (uranium) sector. A lot of it is done via physical funds, the easiest way to get exposure to uranium prices," said Bram Vanderelst at trading firm Curzon Uranium. The metal has captured investors' attention after prices doubled over the past year to $102 a pound as top producers Kazatomprom and Cameco cut production guidance because reopened mines that had been mothballed struggled to ramp up production to meet renewed demand." Active mining companies in the markets this week include Stallion Uranium Corp. (OTCQB: STLNF) (TSX-V: STUD) (, enCore Energy Corp. (NASDAQ: EU), Forum Energy Metals Corp. (OTCQB: FDCFF) (TSX-V: FMC), Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), Ur-Energy Inc. (NYSE American: URG).

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ACLARA REPORTS ON VOTING RESULTS FROM THE 2024 ANNUAL GENERAL MEETING OF SHAREHOLDERS

The Annual General Meeting of Shareholders (the " Meeting ") of Aclara Resources Inc. (" Aclara " or the " Company ") (TSX: ARA) was held today in Toronto, Ontario . Each of the matters voted upon at the Meeting is discussed in detail in the Company's management information circular dated April 5, 2024 (the " Circular "), which can be found under the Company's profile on SEDAR+ at www.sedarplus.ca .

The total number of votes cast by shareholders of the Company in person and by proxy at the Meeting was 104,205,909 votes, representing 62.62%. Each of the matters put forward before shareholders for consideration and approval at the Meeting, as described in the Circular, was duly approved by the requisite number of votes. These matters included the election of directors and the appointment of the auditor. The voting results are detailed below:

1. Election of Directors

Name of Nominee	Votes FOR	%	Votes WITHHELD	%
Eduardo Hochschild	92,464,826	94.14	5,754,485	5.86
Ramon Barua	92,872,513	94.56	5,346,798	5.44
Paul Adams	94,030,588	95.74	4,188,723	4.26
Eduardo Landin	92,538,800	94.22	5,680,511	5.78
Catharine Farrow	97,933,632	99.71	285,679	0.29
Maria Recart	98,131,039	99.91	88,272	0.09
Sanjay Sarma	97,905,072	99.68	314,239	0.32
Nicolás Hochschild	92,593,016	94.27	5,626,295	5.73
Joao Miranda	95,554,235	97.29	2,665,076	2.71
Jorge Born	92,589,487	94.27	5,629,824	5.73

2. Appointment of Auditor

Name of Auditor		Votes FOR		%		Votes WITHHELD		%
EY Servicios Profesionales de Auditoría y Asesorías SpA		104,188,072		99.98		17,837		0.02

The Company has filed a report of voting results on all resolutions voted on at the Meeting under its profile on SEDAR+ at www.sedarplus.ca .

About Aclara

Aclara Resources Inc. (TSX: ARA) is a development-stage company that is focused on heavy rare earth mineral resources hosted in Ion-Adsorption Clay deposits. The Company's rare earth mineral resource development projects include the Penco Module in the Bio-Bio Region of Chile and the Carina Module in the State of Goiás, Brazil .

Aclara's rare earth extraction process offers several environmentally attractive features. Circular mineral harvesting does not involve blasting, crushing, or milling, and therefore does not generate tailings and eliminates the need for a tailing's storage facility. The extraction process developed by Aclara minimizes water consumption through high levels of water recirculation made possible by the inclusion of a water treatment facility within its patented process design. The ionic clay feedstock is amenable to leaching with a common fertilizer main reagent, ammonium sulfate. Further, harmful levels of radionuclides, typical of hard rock rare earth deposits, are not concentrated within the Aclara's processing flowsheet. In addition to the development of the Penco Module and the Carina Module, the Company will continue to identify and evaluate opportunities to increase future production of heavy rare earths through greenfield exploration programs and the development of additional projects within the Company's concessions in Brazil , Chile , and Peru .

SOURCE Aclara Resources Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/06/c3133.html

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Aclara Awards the Carina Module Pre-Feasibility Study Contract To Hatch

Aclara Resources Inc. ("Aclara" or "Company") (TSX:ARA) is pleased to announce that it has awarded the Carina Module Pre-Feasibility Study (the "Carina PFS" or "PFS") contract to Hatch Ltd. ("Hatch"), a global multidisciplinary management, engineering, and development consultancy. Hatch has over six decades of business and technical experience in the mining, energy, and infrastructure sectors with a presence in over 17 countries and is ranked as a top 20 International Design Firm according to the Engineering News-Record rankings

The Carina PFS will be an internal study focused on identifying the optimal project configuration to serve as a basis for the upcoming Feasibility Study. The PFS is expected to be completed by the second half of 2025 and will immediately be followed by the Feasibility Study phase which is expected to be complete by the second half of 2026. The Feasibility Study will be developed and made public in accordance with the National Instrument 43-101 Guidelines associated with the Standards of Disclosure for Mineral Projects.

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Holeid	Interval		TREO	TREO D	%TREO D	HREO	HREO D	%HREO D	NdPr	NdPr D	%NdPr D	DyTb	DyTb D	%DyTb D
	From	To		Desor-bed	*TREOD/TREO100**		Desor-bed	HREOD/ HREO*100		Desor-bed	*NdPrD/NdPrD100**		Desor-bed	*DyTbD/DyTbD100**
	m	m	ppm	ppm	%	ppm	ppm	%	ppm	ppm	%	ppm	ppm	%
PCH-RC-001	3.0	4.0	4505.8	495.1	11.0	724.6	147.4	20.3	889.4	120.4	13.5	124.9	20.3	16.3
PCH-RC-001	5.0	6.0	4215.9	760.9	18.0	806.6	266.9	33.1	822.9	169.7	20.6	141.6	37.9	26.8
PCH-RC-001	6.0	7.0	3404.6	488.5	14.3	815.9	193.4	23.7	574.3	99.6	17.3	121.6	26.1	21.5
PCH-RC-007	10.0	11.0	2214.6	338.9	15.3	362.8	136.0	37.5	471.0	74.1	15.7	46.1	15.8	34.3
PCH-RC-008	5.0	6.0	2545.4	858.1	33.7	453.0	241.8	53.4	508.0	245.0	48.2	71.3	35.2	49.4
PCH-RC-008	6.0	7.0	7940.4	1617.8	20.4	1523.5	471.8	31.0	1720.5	451.2	26.2	249.7	70.2	28.1
PCH-RC-008	7.0	8.0	5708.1	1184.3	20.7	1146.6	359.4	31.3	1180.0	318.2	27.0	181.6	51.3	28.3
PCH-RC-008	8.0	9.0	2645.2	648.7	24.5	483.6	206.3	42.7	535.4	168.5	31.5	72.4	29.2	40.4
PCH-RC-008	9.0	10.0	5741.7	514.3	9.0	990.8	171.1	17.3	908.1	122.2	13.5	153.9	24.1	15.6
PCH-RC-023	9.0	10.0	2163.1	215.2	9.9	236.7	80.1	33.8	416.3	39.7	9.5	37.9	7.8	20.6
PCH-RC-029	3.0	4.0	1548.1	256.3	16.6	93.7	45.7	48.8	263.3	81.8	31.1	15.5	5.8	37.6
PCH-RC-034	9.0	10.0	5357.4	398.6	7.4	604.5	138.5	22.9	1089.0	108.8	10.0	80.6	16.5	20.4
PCH-RC-037	4.0	5.0	3166.1	178.9	5.7	96.8	52.6	54.3	499.6	48.6	9.7	12.6	6.2	49.7
PCH-RC-043	3.0	4.0	2046.5	380.9	18.6	70.6	64.3	91.1	417.9	133.3	31.9	9.2	8.0	86.7
PCH-RC-047	6.0	7.0	1870.7	333.8	17.8	298.2	105.7	35.5	425.8	109.8	25.8	38.7	13.1	33.8
PCH-RC-047	7.0	8.0	2224.2	212.8	9.6	132.1	70.2	53.2	417.7	66.7	16.0	18.5	8.1	43.7
PCH-RC-050	3.0	4.0	1059.0	307.6	29.0	117.1	94.1	80.4	245.6	97.9	39.9	16.3	11.9	73.4
PCH-RC-050	4.0	5.0	1262.0	229.2	18.2	160.0	82.4	51.5	218.0	69.1	31.7	21.1	8.7	41.3
PCH-RC-050	5.0	6.0	1236.2	294.2	23.8	149.9	98.9	65.9	276.6	91.2	33.0	19.5	12.5	64.1
PCH-RC-051	4.0	5.0	9259.6	560.1	6.0	215.0	60.7	28.2	2042.7	218.6	10.7	41.1	8.1	19.6
PCH-RC-051	5.0	6.0	17538.4	617.5	3.5	422.1	70.7	16.7	3698.9	242.0	6.5	73.0	9.3	12.8
PCH-RC-051	7.0	8.0	7110.6	630.8	8.9	202.9	91.2	44.9	1557.1	220.0	14.1	31.1	10.4	33.4
PCH-RC-060	2.0	3.0	3001.4	393.6	13.1	122.1	49.8	40.8	631.5	106.8	16.9	20.6	5.9	28.7
PCH-RC-066	8.0	9.0	39881.2	637.6	1.6	1299.9	302.9	23.3	8089.2	126.7	1.6	166.9	20.1	12.0

Trading on a Split Basis/Négociation sur une base divisé :	Le 7 mai/May 2024
Record Date/Date d'enregistrement :	Le 8 mai/May 2024
CUSIP & ISIN :	14317M100/CA14317M1005

Appia Discovers an Unprecedented High-Grade Mineralized Zone: Total Weighted Average Grade of 7,578 ppm or 0.76% Total Rare Earth Oxide Across 10 Reverse Circulation Drill Holes at Its PCH Ionic Clay Project, Brazil

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Athabasca Basin Projects

Alces Lake

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Elliot Lake Project

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PCH Project - Brazil

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Anastasios (Tom) Drivas - CEO and Director

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