X0306 4 2021-12-09 0 0001543418 Trilogy Metals Inc. TMQ 0001777289 Gowans James C/O TRILOGY METALS INC. SUITE 1150, 609 GRANVILLE STREET VANCOUVER A1 V7Y 1G5 BRITISH COLUMBIA, CANADA 1 0 0 0 Deferred Share Units ("DSUs") 0 2021-12-09 4 A 0 20600 0 A Common Shares 20600 115737.792 D Director Stock Option (Right to Buy) 1.74 2021-12-09 4 A 0 50000 0 A 2021-12-09 2026-12-08 Common Shares 50000 50000 D The deferred share units vest immediately; however, the underlying common shares will not be issued to the grantee, and the grantee shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the grantee's employment or services as a director of the Issuer. The grants will expire no later than 90 days after the grantee's termination date. Converted from Canadian exercise price of C$2.21 using an exchange rate of C$1.2700 = US$1.00. /s/ Elaine Sanders as attorney-in-fact for James Gowans 2021-12-13