Mr. Matthew Keevil reports

TRILOGY METALS ANNOUNCES ELECTION OF DIRECTORS AND VOTING RESULTS FROM THE 2026 ANNUAL MEETING OF SHAREHOLDERS

Trilogy Metals Inc. has released the detailed voting results on the items of business considered at its annual meeting of shareholders held in Vancouver on Wednesday, May 13, 2026. All proposals were approved and the nominees listed in the management proxy circular for the meeting were all elected as directors. A total of 108,434,019 or 62.84 per cent of the company's issued and outstanding shares eligible to vote were represented at the meeting.

Shareholder voting results

The shareholders voted on the following matters at this year's meeting. Other than proposal 1, which represents votes by ballot, the results presented below represent votes according to proxies received.

Detailed results of all items of business are also available in the report of voting results filed under the company's SEDAR+ profile and on the Form 8-K filed under the company's EDGAR profile.

About Trilogy Metals Inc.

Trilogy Metals is a metal exploration and development company holding a 50-per-cent interest in Ambler Metals LLC, which has a 100-per-cent interest in the Upper Kobuk mineral projects (UKMP) in northwestern Alaska. On Dec. 19, 2019, South32 Ltd., a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals. 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 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 cooperation with local communities. Trilogy Metals' vision is to develop the Ambler mining district into a premier North American copper producer while protecting and respecting subsistence livelihoods.