Trilogy Metals Inc. — AGM Information 2021

Mar 30, 2021

TRILOGY METALS INC. Suite 1150, 609 Granville Street Vancouver, British Columbia V7Y 1G5

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the Annual Meeting (the “Meeting”) of the shareholders (the “Shareholders”) of Trilogy Metals Inc. (the “Company”, “Trilogy”, or “Trilogy Metals”) will be held at the offices of the Company, Suite 1150, 609 Granville Street, Vancouver, British Columbia, V7Y 1G5, on May 19, 2021 at 10:00 a.m. (Vancouver time), for the following purposes:

1. To receive the Annual Report of the directors of the Company (the “Directors”) containing the consolidated financial statements of the Company for the year ended November 30, 2020, together with the Report of the Auditors thereon;

2. To elect the Directors of the Company for the forthcoming year;

3. To appoint the Auditors of the Company for the forthcoming year and to authorize the Audit Committee to fix the Auditors’ remuneration;

4. To consider and, if deemed advisable, pass an ordinary resolution ratifying and approving all unallocated awards under the 2012 Equity Incentive Plan;

5. To consider and, if deemed advisable, pass an ordinary resolution ratifying and approving the Ambler Metals Equity Plan; and

6. To transact such further and other business as may properly come before the Meeting or any adjournment thereof.

The specific details of the matters currently proposed to be put before the Meeting are set forth in the Circular accompanying and forming part of this Notice.

Only Shareholders of record at the close of business on March 23, 2021 are entitled to receive notice of the Meeting and to vote at the Meeting.

To assure your representation at the Meeting, please complete, sign, date and return the enclosed proxy, whether or not you plan to personally attend. Sending your proxy will not prevent you from voting in person at the Meeting. All proxies completed by registered Shareholders must be returned to the Company:

• (a) by delivering the proxy to the Company’s transfer agent, Computershare Investor Services Inc. at its office at 100 University Avenue, 8[th] Floor, Toronto, Ontario, M5J 2Y1, for receipt no later than May 17, 2021, at 10:00 a.m. (Vancouver time);

• (b) by fax to the Toronto office of Computershare Investor Services Inc., Attention: Proxy Tabulation at 416263-9524 or 1-866-249-7775 not later than May 17, 2021, at 10:00 a.m. (Vancouver time);

• (c) by telephone by calling 1-866-732-8683 toll-free in North America or (312) 588-4290 outside of North America, and following the instructions, no later than May 17, 2021, at 10:00 a.m. (Vancouver time); or

• (d) by internet, as instructed in the enclosed form of proxy, not later than May 17, 2021, at 10:00 a.m. (Vancouver time).

Non-registered Shareholders whose shares are registered in the name of an intermediary should carefully follow voting instructions provided by the intermediary. A more detailed description on returning proxies by non-registered Shareholders can be found on page 2 of the attached Circular.

Impact of COVID-19: Trilogy is carefully monitoring the public health impact of the coronavirus (COVID-19) on a daily basis, and may decide to modify the date, time or location of the Meeting depending on the situation. While we understand this could disrupt the travel plans of those who plan to attend the Meeting, our first priority is the health and safety of our communities, Shareholders, employees and other stakeholders. In the event we decide to modify the date, time or location of the Meeting, Shareholders will be notified and provided with additional details in a press release, at our website page for the Meeting at https://trilogymetals.com/investor-center/proxy-circular and pursuant to filings we make with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities. As always, we encourage you to vote your shares prior to the Meeting.

DATED at Vancouver, British Columbia, this 30[th] day of March, 2021.

BY ORDER OF THE BOARD OF DIRECTORS

“Tony Giardini”

Tony Giardini, President and Chief Executive Officer