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Appia Announces Approval of Listing and Trading on CSE

TORONTO, ONTARIO -- (Marketwired) -- 06/16/14 -- Appia Energy Corp. (CNSX:API) (the "Company" or "Appia") is pleased to announce that it has received approval to list its Common Shares for trading on the Canadian Securities Exchange ("CSE"), and that its Common Shares will commence trading on June 19, 2014 under the trading symbol "API".

The Listing Statement, which contains information on the Company's structure, financial history and the details of its holdings in the Elliot Lake, Ontario Camp, and the Athabasca Basin area, Saskatchewan can be found on the Company's website, www.appiaenergy.ca.

Appia is a Canadian Federally incorporated public issuer, having filed a Long Form Non-Offering Prospectus in December, 2012 and currently has 41.6 million common shares outstanding, 44.6 million shares fully diluted.

The Company has two main interests:

1) a 100% interest in 12,545 hectares (31,000 acres), including Rare Earth 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 production; and

2) varying (90-100%) interests in 79,438 hectares (196,000 acres) of claims in Saskatchewan, mainly in the Athabasca Basin area, with some located near the Patterson Lake South area as well as claims south of Alces Lake where outcrop and rock samples have assayed as high as 35% total rare earth elements by weight, plus uranium and thorium values.

Elliot Lake

Watts, Griffis and McOuat Limited (WGM) completed a NI 43-101 compliant Technical Report entitled "Update Report on the Appia Energy Corp. Uranium-Rare Earth Property, Elliot Lake District, North-Central Ontario, Canada" (the" Property"), dated July 30, 2013 and filed on SEDAR (www.sedar.com) in August, 2013. A summary of the Teasdale Zone Uranium and Rare Earth Resources as well as other Resources on the Property follows:


                                                                            
Teasdale Lake Zone                                                          
                  Summary of Teasdale Zone Uranium and Rare Earth Mineral   
                              Resource Estimate                             
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                               Average  Contained  Contained
        Tonnes    Tons      TREE       U3O8  Thickness       TREE       U3O8
Zone    ('000)  ('000) (lbs/ton)  (lbs/ton)        (m) ('000 lbs) ('000 lbs)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Indicated Resources                                                         
                                                                            
UR       6,733   7,422      4.20      0.484       4.61     31,199      3,593
                                                                            
IQ       3,006   3,314      1.98      0.259       2.27      6,578      0.857
                                                                            
LR       3,355   3,699      2.68      0.958       2.60      9,912      3,544
                                                                            
Total   13,095  14,435      3.30      0.554       9.48     47,689      7,995
                                                                            
Inferred Resources                                                          
                                                                            
UR      18,326  20,201      3.87      0.421       4.33     78,080      8,498
                                                                            
IQ      10,209  11,254      1.64      0.184       2.78     18,464      2,070
                                                                            
LR       9,972  10,992      3.33      0.869       2.71     36,631      9,564
                                                                            
Total   38,507  42,447      3.14      0.474       9.82    133,175     20,115
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Notes:  1. Mineral Resources effective 30 July, 2013. "UR" is the Upper     
           Reef, "IQ" is the Intermediate Quartzite and "LR" is the Lower   
           Reef. These are contiguous and add to the "Average Thickness"    
           proposed to be mined. "TREE" is Total Rare Earth Elements.       
        2. Mineral Resources are estimated at a cut-off value of $100 per   
           tonne, using a uranium price of US$70/lb U3O8, a TREE price of   
           $78/kg, and a C$:US$ exchange rate of 1:0.9. TREE includes all   
           the REE elements from lanthanum to lutetium plus yttrium.        
        3. Mineral Resources which are not Mineral Reserves do not have     
           demonstrated economic viability. The estimate of Mineral         
           Resources may be materially affected by environmental,           
           permitting, legal, title, taxation, socio-political, marketing,  
           or other relevant issues. There are no known specific problems at
           this date.                                                       
        4. The quantity and grade of reported Inferred Resources in this    
           estimation are uncertain in nature and there has been            
           insufficient exploration to define these Inferred Resources as an
           Indicated or Measured Mineral Resource and it is uncertain if    
           further exploration will result in upgrading them to an Indicated
           or Measured Mineral Resource category.                           
        5. The Mineral Resources were estimated using the Canadian Institute
           of Mining, Metallurgy and Petroleum standards on Mineral         
           Resources and Reserves, Definitions and Guidelines prepared by   
           the CIM Standing Committee on Reserve Definitions and adopted by 
           CIM Council December 11, 2005.                                   
        6. Specific Gravity of 2.85 tonnes/m3 (or 3.14 tons/m3) was used.   
        7. Indicated amounts may not precisely sum due to rounding.         

It should be noted that that the contents for the rare earth components are for rare earth metals, whereas it has become more common to report the contents as equivalent rare earth oxides, which results in an average increase of approximately 46% for the oxides versus the metallic form.

Collectively, only the most recent 24 drill holes were assayed for rare earths, so the current Mineral Resource Estimate has been restricted to the area of influence from these intersections, and the historical drill holes completed by others have necessarily been excluded.

Preliminary metallurgical testing carried out by SGS Canada indicated a recovery rate of approximately 90% for uranium and most REEs in the 80% to 90% range using a simple grind, a flotation process to recover a high grade concentrate, pre-leach and acid baking of the flotation concentrate and acid leaching of the flotation tailings. With the total REE content being approximately six times the uranium content of the Indicated and Inferred Resources, the recovery of the REEs is a very significant factor in determining the economic value of the resources.


                                                                            
Banana Lake Zone                                                            
          Summary of Banana Lake Zone Mineral Resource Estimate             
                                                                            
----------------------------------------------------------------------------
Category                              Specific                              
                                      Gravity.                Total lbs U3O8
                    Tons ('000)      (tons/m3)   lbs U3O8/ton         ('000)
----------------------------------------------------------------------------
Inferred                                                                    
 Resources               30,315           3.14          0.912         27,638
----------------------------------------------------------------------------
                                                                            
Notes: 1. Effective, 1 April, 2011                                          
       2. Mineral Resources which are not Mineral Reserves do not have      
          demonstrated economic viability. The estimate of Mineral Resources
          may be materially affected by environmental, permitting, legal,   
          title, taxation, socio-political, marketing, or other relevant    
          issues.                                                           
       3. The quantity and grade of reported Inferred Resources in this     
          estimation are uncertain in nature and there has been insufficient
          exploration to define these Inferred Resources as an Indicated or 
          Measured Mineral Resource and it is uncertain if further          
          exploration will result in upgrading them to an Indicated or      
          Measured Mineral Resource category.                               
       4. The Mineral Resources were estimated using the Canadian Institute 
          of Mining, Metallurgy and Petroleum standards on Mineral Resources
          and Reserves, Definitions and Guidelines prepared by the CIM      
          Standing Committee on Reserve Definitions and adopted by CIM      
          Council December 11, 2005.                                        
       5. A cut-off grade of 0.6 lb U3O8 was used                           
       6. Specific Gravity of 2.85 tonnes/m3 (or 3.14 tons/m3) was used.    
       7. Indicated amounts may not precisely sum due to rounding.          

The above Mineral Resource Estimate for the Banana Lake Zone was prepared in 2011 by WGM in accordance with the provisions of NI 43-101, based on earlier (historical) drilling and diamond drilling by Appia during 2007. The drill core was not tested for rare earth elements.

Historical Estimates

Based on mine data as well as a series of deep drill holes by other exploration companies in widely separated areas of the Property, the historical resources, located in five separate zones down-dip from past-producing mines, are summarized as:


                                                                            
    1979 historical U3O8 estimates on Appia's Elliot Lake Properties        
                                                                            
                                                          Grade             
                                          Quantity         (lbs   Contained 
Zone                                        (tons)    U3O8/ton)   U3O8 (lbs)
Teasdale Lake                           17,458,200        1.206   20,787,200
Gemico Block #3                         42,800,000         0.38   16,264,000
Gemico Block #10                        20,700,000         0.75   15,525,000
Banana Lake                            175,800,000         0.76  133,608,000
Canuc                                    7,000,000         1.86   13,020,000
Total                                  263,758,200         0.76  199,204,200

The foregoing historical resources were not estimated in accordance with definitions and practices established for the estimation of Mineral Resources and Mineral Reserves by the Canadian Institute of Mining and Metallurgy ("CIM"). As such, the historical resources are not compliant with Canada's security rule, NI 43-101, and are unreliable for investment decisions. Neither Appia nor its Qualified Persons have done sufficient work to classify the historical resources as mineral resources under current mineral resource terminology and are not treating the historical resources as current mineral resources. Nevertheless, most of the historical resources were estimated by mining companies active in the Elliot Lake camp using assumptions, methods and practices that were accepted at the time, and based on corroborative mining experience.

Saskatchewan Claims

Appia holds a 100% mineral rights interest in 64,495 hectares (159,371 acres) in the Athabasca Basin of Saskatchewan, including claims near the Patterson Lake South area where Fission Energy Corp. and Alpha Minerals Inc. recently discovered high grade uranium.

In addition, Appia holds a 90% mineral rights interest in 5,060 hectares (12,504 acres) and a 100% interest in 7,245 hectares (17,903 acres) in contiguous claims south of Alces Lake, near Athabasca Lake.

In 2010, the Saskatchewan Geological Survey visited the Alces Lake claims where a trenching program had been carried out at an earlier date. Assays from rock samples showed a significant presence of REEs, reaching as high as 29.8% total REEs and anomalous levels of uranium and thorium.

In 2011 a five person team visited the site and recorded radioactivity levels over 15 boulder and outcrop samples in a range of 5,500cps to 53,500cps, with thorium levels off scale for the spectrometer. Assays on five samples reflected favourably on the 2010 REE findings.

In September, 2013, a 200 metre baseline was cut, with up to 50 metre sidelines starting at the historical trenches. Radioactivity readings ranged to 40,000cps and higher, and 70 metres east of a previous high cps reading, outcrop and boulder train samples recorded in excess of 56,000cps. Assays from 12 rock samples ranged from over 1% to over 35% of rare earth elements by weight with anomalous uranium and thorium values. The Company intends to conduct a further evaluation of these claims in 2014.

Mr. Al Workman, P.Geo., Vice-President of WGM, a Qualified Person as defined in NI 43-101, has reviewed and approved the technical information on the Property in this news release.

Mr. Douglas Underhill, CPG, a Qualified Person as defined in NI 43-101, has reviewed and approved the technical information on the 2013 work on the Alces Lake claims in this news release.

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.

Contacts:
Appia Energy Corp.
Tom Drivas
President, CEO and Director
416-876-3957
416-218-9772 (FAX)
[email protected]

Appia Energy Corp.
Frank van de Water
Chief Operating Officer and Director
416-546-2707
416-218-9772 (FAX)
[email protected]
[email protected]

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