Trilogy Metals Announces Election of Directors and Voting Results from the 2024 Annual Meeting of Shareholders

VANCOUVER, BC, May 23, 2024 /CNW/ - Trilogy Metals Inc. (TSX:TMO) (NYSE:TMQ) ("Trilogy Metals" or the "Company") is pleased to announce the detailed voting results on the items of business considered at its Annual Meeting of Shareholders ("Meeting") held in Vancouver on Wednesday, May 22, 2024. All proposals were approved and the nominees listed in the management proxy circular for the meeting were all elected as directors. A total of 98,964,326 or 61.79% of the Company's issued and outstanding shares eligible to vote were represented at the Meeting.

The Shareholders voted on the following matters at this year's Meeting. Other than Proposals 1 and 3, which represent votes by ballot, the results presented below represent votes according to proxies received.

Proposal 1: Election of Directors

Proposal 2: Appointment of the Auditor

Proposal 3: Approval of all unallocated entitlements under the Equity Plan

Proposal 4: Approval of 2024 Non-Employee Directors Fixed Deferred Share Unit

Plan

Proposal 5: Approval of a Non-Binding Resolution Approving the Compensation of

the Company's Named Executive Officers

Detailed results of all items of business are also available in the Report of Voting Results filed under the Company's SEDAR⁺ profile www.sedarplus.ca ("SEDAR") and on the Form 8-K filed under the Company's EDGAR profile at www.sec.org ("EDGAR").

Trilogy Metals Inc. is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") in Northwestern Alaska. On December 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 Corporation, 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's vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.

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SOURCE Trilogy Metals Inc.

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