TORONTO, ONTARIO -- (Marketwired) -- 04/09/13 -- Appia Energy Corp. (the "Company" or "Appia") is pleased to announce the appointment of Frank van de Water as the Chief Operating Officer and Corporate Secretary of the Company, and a new member of the Board of Directors. As part of his compensation, Frank will receive 400,000 options exercisable at $1.25 per share for a period of 5 years.
Frank holds a B.Comm. from Concordia University, Montreal and is a Canadian CPA, CA. He has been involved in international mining, metals and resource companies in North and Latin America, Europe, Asia and Africa. He spent two years as the Finance Director of one of the largest metal dealers on the London Metal Exchange and has some 40 years' experience in the mining industry.
Appia is currently an unlisted, public issuer in Canada, having filed a Long Form Non-Offering Prospectus on December 12, 2012. Appia is developing 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.
Both the Prospectus and the Technical Report can be found on the SEDAR website, www.sedar.com.
Results from the 2012 drilling programs along with metallurgical recovery tests of the drill core are currently being analysed in order to prepare an updated resource calculation on the Teasdale Lake Zone deposit, leading to a Preliminary Economic Assessment of the project later this year.
The Company recently staked additional claims in the Athabasca Basin, Saskatchewan, primarily near the Patterson Lake South area, bringing its total holdings in twenty mining claim blocks to 50,116 hectares. This area boasts a recent high grade uranium discovery reported by Fission Energy Corp. and Alpha Minerals Inc.
Appia has 41.6 million common shares outstanding. Private placements to date have been in a range of $1.00 to $1.50 per share.
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 in this news release.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
Appia Energy Corp.
President, CEO and Director
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