Trilogy Metals Inc. provided an exploration update on its 100%-owned projects in northern Alaska. Simple, low-cost fieldwork involving stream sediment and rock sampling has outlined two target areas prospective for volcanogenic massive sulphide ("VMS") and shale-hosted zinc deposits at the Helpmejack Project located in the eastern part of the Ambler Schist Belt. Zinc values more than 3,000 ppm in stream sediments are the in Trilogy's extensive regional stream sediment database.

The Helpmejack Project is near, but outside of, the area of interest of the Upper Kobuk Mineral Projects ("UKMP") which host the world-class Arctic VMS deposit and are held by Ambler Metals LLC ("Ambler Metals"), the joint venture operating company owned equally by Trilogy and South32 Limited. The project is among several exploration projects located along the proposed route of the Ambler access road (the "Ambler Access Road"). Helpmejack Project The Helpmejack claims cover a 12-kilometer strike length of the Ambler Schist belt between the UKMP and South32's Roosevelt project.

The company see up in the Helpmejack and Malamute claims, which have relatively low holding costs but offer potential to add value for shareholders, in addition to the primary UKMP asset, especially as the United States is looking to secure domestic supplies of critical metals. They are strategically located in Alaska, in vicinity of the UKMP, South32's large Roosevelt land package currently being explored for copper and zinc mineralization, as well as the proposed Ambler Access Road. The Malamute claims cover an eight-kilometer long east-west valley immediately north of the west end of South32's Roosevelt property.

The geology of the Malamute claim block is complicated by the lack of outcrop. Government mapping at a 1:250,000 scale shows quartz mica schists and calcareous schists belonging to the Ambler Schist Belt as well as meta- quartzites, phyllites and marble belonging to the Central Belt. Trilogy's samples contain >300 ppm cobalt and up to 240 ppm copper in four adjacent north-south drainages and define a target area that is approximately 2.5 kilometers wide by six kilometers in length that is largely covered by overburden.

Follow-up soil samples alongridges and spurs, and geological mapping are recommended. Trilogy staked the Helpmejack and MalAMute claims in 2021 following an extensive target generation study using publicly available geoscientific data from the State of Alaska as well as historical exploration reports. The claims are held by 995 Exploration Inc., a wholly-owned subsidiary of Trilogy.

Ambler Schist Belt The Ambler Schist Belt stretches for over 300 kilometers in an east-west direction along the southern boundary of the Brooks Range. 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 livelihoods.