An anonymous director reports

TRILOGY METALS PROVIDES AN UPDATE ON THE AMBLER ACCESS PROJECT

Trilogy Metals Inc. has provided an update on the Ambler access project (AAP) -- the proposed 211-mile, industrial-use-only road from the Upper Kobuk mineral projects (UKMP) to the Dalton Highway that will enable the advancement of exploration and development at the Ambler mining district, home to some of the world's richest known copper-dominant polymetallic deposits. The United States Bureau of Land Management (BLM) has filed the draft supplemental environmental impact statement (SEIS) for the AAP on its website and anticipates being in the federal register on Oct. 20, 2023.

It is envisioned that the AAP be financed and maintained by the Alaska Industrial Development and Export Authority (AIDEA), and companies such as Ambler Metals LLC, Trilogy's 50/50 joint venture with South32 Ltd., would enter into commercial agreements to use the road and pay tolls to AIDEA and its financing partners.

Road permits -- litigation and remand

During the summer of 2020, the BLM granted permits that authorized a right of way across federally managed lands for AIDEA and the AAP. Shortly thereafter, a coalition of national and Alaska environmental non-government organizations (ENGO) filed lawsuits against the federal agencies responsible for issuing the permits for the AAP. The ENGOs' main position is that due process was not carried out during the permitting of the road. In May, 2022, the right-of-way permits issued to AIDEA for the AAP were suspended by the federal agencies based upon a request to remand the lawsuits. This remand request was made by the U.S. Department of Justice on behalf of the federal agencies and was granted by the U.S. District Court. The purpose of the remand is to allow the BLM to carry out additional supplemental work in response to the lawsuits.

The original lawsuit was filed by the Northern Alaska Environmental Center and several other environmental and conservation groups, and a subsequent separate lawsuit was filed by Tanana Chiefs Conference and several tribes.

In April, 2023, several Alaska native leaders travelled to Washington, D.C., with representatives of Ambler Metals and AIDEA to urge the fair review and timely completion of the Ambler access project's SEIS. There is strong support for the AAP from local residents and the Alaska delegation in Washington.

Further to Trilogy's previous update on the SEIS, provided in its news release dated Oct. 11, 2023, the BLM has filed the draft SEIS on its website and anticipates being in the federal register on Oct. 20, 2023. The draft SEIS is open for a 60-day public comment period, until Dec. 19, 2023. The BLM reconfirmed it anticipates a final SEIS is expected in the first quarter of 2024, and a record of decision within the second quarter of 2024.

About Trilogy Metals Inc.

Trilogy Metals is a metal exploration and development company holding a 50-per-cent interest in Ambler Metals, which has a 100-per-cent interest in the Upper Kobuk mineral projects in northwestern Alaska. On Dec. 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler mining district which is one of the richest and most prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide (VMS) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler mining district -- the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with Nana Regional Corp. Inc., an Alaska native corporation that provides a framework for the exploration and potential development of the Ambler mining district in co-operation with local communities. Trilogy's vision is to develop the Ambler mining district into a premier North American copper producer while protecting and respecting subsistence livelihoods.

We seek Safe Harbor.