X0306 4 2019-09-03 0 0001543418 Trilogy Metals Inc. TMQ 0001562639 Giardini Tony 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 2019-09-03 4 A 0 2624.90 0 A Common Stock 2624.90 193989.05 D Non-discretionary issuances of DSUs pursuant to elections made by plan participants prior to the commencement of the current fiscal year. 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. /s/ Elaine Sanders as attorney-in-fact for Tony Giardini 2019-09-03