Trilogy Metals Inc. — Director's Dealing 2015

Dec 8, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NovaCopper Inc. (NCQ)
CIK: 0001543418
Period of Report: 2015-12-04

Reporting Person: Notela Resource Advisors Ltd. (Former 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-04	Common Shares	S	5011200	$0.3951	Disposed	3340800	Indirect

Footnotes

F1: In connection with a share purchase agreement between Gold First Investments Limited ("Gold First") and Resource Capital Fund VI L.P. ("Purchaser"), dated November 23, 2015, pursuant to which the Purchaser purchased from Gold First 8,352,000 common shares of NovaCopper Inc. for an aggregate purchase price of US $3,300,000.00. The closing occurred on December 4, 2015.

F2: Notela Resource Advisors Ltd. owns 60% of Gold First and disclaims beneficial ownership except to the extent of its pecuniary interest.