Mr. Tony Giardini reports

TRILOGY METALS FILES FINAL BASE SHELF PROSPECTUS IN CANADA AND REGISTRATION STATEMENT IN THE UNITED STATES

Trilogy Metals Inc. has filed a final short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, and a corresponding shelf registration statement on Form S-3 with the United States Securities and Exchange Commission (SEC) allowing for the future issuance, from time to time, of up to $50-million (U.S.) in common shares, warrants to purchase common shares, share purchase contracts of the company, subscription receipts and units comprising some or all of the foregoing securities. Any amounts, prices and terms will be determined based on market conditions at the time of an offering and will be set out in an accompanying prospectus supplement. The Canadian final base shelf prospectus will be valid for a 25-month period. The U.S. shelf registration statement on Form S-3 is now effective and will be valid for three years.

The intention of the base shelf prospectus and shelf registration statement is to allow the company to more quickly access capital when the capital is needed and as market opportunities permit.

Any offering of the securities covered by the base shelf prospectus and shelf registration statement will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering. Copies of the base shelf prospectus and shelf registration statement are available, and copies of any prospectus supplement relating to a particular offering will be available, under the company's profile on SEDAR+ and EDGAR, respectively. Copies may also be obtained, when available, by contacting the corporate secretary of the company at suite 901, 510 Burrard St., Vancouver, B.C., V6C 3A8, telephone: 1-604-638-8088.

We seek Safe Harbor.