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Trilogy Metals Provides Update on President Trump’s Executive Orders and Actions by Department of Interior Aimed at Advancing the Ambler Access Project in Alaska

Corporate Updates

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News Release

Trilogy Metals Provides Update on President Trump’s Executive

Orders and Actions by Department of Interior Aimed at Advancing

the Ambler Access Project in Alaska

March 2 5, 2025 – Vancouver, British Columbia – Trilogy Metals Inc. (TSX / NYSE

American: TMQ) (“Trilogy Metals”, “Trilogy” or “the Company”) is providing an update on the

Ambler Access Project (the “Ambler Road”) - the proposed 211-mile, industrial-use-only road

from the Upper Kobuk Mineral Projects to the Dalton Highway that would enable the

advancement of exploration and development at the Ambler Mining District in Northwest

Alaska, home to some of the world's richest known copper-dominant polymetallic deposits.

On J

anuary 20, 2025, President Trump signed a comprehensive executive order titled

“Unleashing Alaska’s Extraordinary Resource Potential”, instructing agency heads across the

federal government to revoke, rescind or revise regulations that are inconsistent with resource

development in Alaska, including those issued by former President Joe Biden when he was in

office.

It

places a moratorium on all activities related to the rejection of a right -of-way permit to

build the Ambler Road and directs the reinstatement of the prior Trump Administration’s 2020

approval of the right-of-way permit to build the Ambler Road.

T

he order was broadly welcomed by Alaska’s political leaders, including Senators Dan Sullivan

and Lisa Murkowski, and Representative Nick Begich.

D

epartment of Interior Secretary Doug Burgum subsequently signed a series of secretarial

orders, echoing the executive orders signed by President Trump . Secretary Burgum’s Order

3422 on February 3, 2025, also titled “Unleashing Alaska's Extraordinary Resource Potential”,

directs the submission of an action plan to him that includes “steps to expedite the permitting

and leasing of energy and natural resource projects in Alaska (including the rights-of-way and

easements for roads that enable this development to occur).”

O

n March 20, 2025, President Trump signed an executive order titled “Immediate Measures

to Increase American Mineral Production ”, which underscores the importance of securing a

stable and predictable domestic supply of critical minerals (including copper and gold) that

are essential for the nation’s defense, technology, and infrastructure , and to reduce the

reliance on foreign imports . The order directs federal agencies to expedite approvals for

mineral production projects.

Als

o on March 20, 2025, Secretary Burgum announced that the Bureau of Land

Management will work towards partial revocation of public land withdrawals to convey these

lands to the State of Alaska. This action is expected to help advance the Ambler Road.

Se

cretary Burgum’s announcement was commended by Alaska Senators Sullivan and

Murkowski, and Representative Begich in a joint statement on March 20, 2025.

TSX / NYSE American

Symbol: TMQ

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Tony Giardini, President and Chief Executive Officer of Trilogy Metals, commented, “Recent

actions taken by President Donald Trump and Interior Secretary Doug Burgum signal a

positive path forward for the Ambler Road. This transportation corridor is crucial not only for

providing access to the minerals that are vital to U.S. national security and prosperity, but

also for much-needed economic growth and job creation in Alaska. Trilogy Metals is committed

to working with all stakeholders on progressing the road, to unlock the vast natural resource

potential of the Ambler Mining District.”

Resolution in Support of the Ambler Road has been Pa ssed by Alaskan Tribal

Council

On March 11, 2025, the Kobuk Tribal Council, on behalf of the community of Kobuk – one of

the communities located close to the proposed Ambler Road, passed a resolution in support

of the road. The tribal council acknowledges that the road could provide local jobs and

economic benefits to the community while safeguarding a traditional subsistence lifestyle.

“We have been studying this project since it was announced. The conversations about

subsistence, the cost of living, and jobs for our youth are important to us as we look to the

future of the region as Red Dog winds down and our people need work to remain in our

villages,” said Henry Horner Sr., President of the Kobuk Tribal Council, in the March 21, 2025

announcement of the resolution by the Alaska Industrial Development and Export Authority

(“AIDEA”). The full resolution and announcement are available on AIDEA’s website at

aidea.org.

About Trilogy Metals

Trilogy Metals Inc. is a metal exploration and development company holding a 50 percent

interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral

Projects in northwestern Alaska. On December 19, 20 19, 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 ho sts 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.

Company Contacts

T

ony Giardini Elaine Sanders

President & Chief Executive Officer Vice President & Chief Financial Officer

P

hone: 604-638-8088

# # #

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Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information” and "forward-looking statements”

(collectively "forward-looking statements”) within the meaning of applicable Canadian and United

States securities legislation including the United States Private Secur ities Litigation Reform Act of

1995. All statements, other than statements of historical fact, included herein, including, without

limitation, the effects of the executive order described above, potential actions resulting from the

executive orders and sta tements from the Department of the Interior, Bureau of Land

Management, planned activities at the UKMP, perceived merit of the properties and the Ambler

Road, support from the Alaskan Tribal Councils, are forward-looking statements. Forward-looking

statements are frequently, but not always, identified by words such as "expects”, "anticipates”,

"believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements

that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Forward-

looking statements involve various risks and uncertainties. There can be no assurance that such

statements will prove to be accurate, and actual results and future e vents could differ materially

from those anticipated in such statements. Important factors that could cause actual results to

differ materially from the Company's expectations include the uncertainties involving the outcome

of pending litigation, success of exploration activities, permitting timelines, requirements for

additional capital, government regulation of mining operations, environmental risks, prices for

energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation

of drilling results and geological tests, unexpected cost increases and other risks and uncertainties

disclosed in the Company’s Annual Report on Form 10 -K for the year ended November 30, 20 24

filed with Canadian securities regulatory authorities and with the United States Securities and

Exchange Commission and in other Company reports and documents filed with applicable securities

regulatory authorities from time to time. The Company's forward -looking statements reflect the

beliefs, opinions and projections on the date the statements are made. The Company assumes no

obligation to update the forward -looking statements or beliefs, opinions, projections, or other

factors, should they change, except as required by law.