TORONTO, ONTARIO--(Marketwired - April 2, 2014) - Appia Energy Corp. (the "Company" or "Appia") is pleased to announce the appointment of Douglas H. Underhill to its Board of Directors. Dr. Underhill PhD, MBA, is a certified professional geologist with over 40 years of international experience in natural resource development and analysis. He has had broad based responsibilities in all phases of the uranium industry, including over eight years with the International Atomic Energy Agency, Vienna, where he worked on a world program on uranium resources, production, demand, technology and the environment. He has provided a broad base of services to commercial and government organizations with interests in uranium. He has evaluated uranium deposits on five continents, including having authored or contributed to several NI 43-101 Technical Reports, and has served as an advisor to governments, including the USA, China and Australia. On his appointment Dr. Underhill was granted 400,000 share purchase options exercisable at $1.25 per share for a period of five years.
Appia is a Federally incorporated, unlisted, public issuer in Canada, having filed a Long Form Non-Offering Prospectus in December, 2012. Appia controls 12,976 hectares (32,000 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.
Watts, Griffis and McOuat Limited (WGM) completed a NI 43-101 technical report on the Teasdale Zone (the "Technical Report") entitled, "A Technical Review of the Appia Energy Corp. Rare Earth and Uranium Property, Elliot Lake District, North-Central Ontario, Canada." dated July 18, 2011, with certificates dated November 7, 2012, written by Al Workman, P. Geo and Kurt Breede, P. Eng. Details of the Technical Report can be found on the SEDAR website, www.sedar.com.
The Company currently has interests in 79,438 hectares (196,000 acres) of claims in the Athabasca Basin, Saskatchewan, some near the Patterson Lake South area as well as around other parts of the Basin.
Appia currently has 41.6 million common shares outstanding, 44.6 million shares fully diluted.
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.