Teck Resources Investor Presentation — February 2019

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Fourth Quarter 2018 Results

February 13, 2019Caution Regarding Forward- Looking Statements

Both these slides andtheaccompanying oralpresentation contain certain forward -looking statements within themeaning oftheUnited States Private Securities Litigation Reform Actof1995 andforward-looking

information within themeaning oftheSecurities Act(Ontario) .Forward-looking statements canbeidentified bytheuseofwords such as“plans”, “expects” or“does notexpect”, “isexpected”, “budget”,

“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or“does notanticipate”, or“believes”, orvariation ofsuch words andphrases orstate thatcertain actions, events orresults “may”, “could”, “should”,

“would”, “might” or“will” betaken, occur orbeachieved .Forward -looking statements involve known andunknown risks, uncertainties andother factors which may cause theactual results, performance or

achievements ofTeck tobematerially different from anyfuture results, performance orachievements expressed orimplied bytheforward-looking statements .

The forward-looking statements inthese slides andtheoralpresentation include estimates, forecasts, andstatements astomanagement’s expectations andguidance with respect to,among other matters,

business unitandcommodity production guidance, cost guidance, expectations forproduction ateach ofouroperations, sales guidance, capital expenditure guidance, expectation forimprovement ofcopper

grades atHighland Valley, availability ofourcredit facilities, Teck’s share ofremaining equity capital fortheQB2 project andtiming ofcontributions, thetiming ofclosing ofthetransaction relating toQB2,the

potential foranadditional return ofcapital toshareholders following closing oftheQB2 transaction, QB2 capital costs, ourexpectations regarding theprojects andtransactions described ontheslide titled

“Looking Forward Multiple catalyst/valuation milestones”, theexpectations underlying ourguidance, andourexpectations regarding ourbusiness andmarkets .

These forward-looking statements involve numerous assumptions, risks anduncertainties andactual results may vary materially .These statements arebased onanumber ofassumptions, including, butnot

limited to,assumptions regarding general business andeconomic conditions, interest rates, thesupply anddemand for,inventories of,andthelevel andvolatility ofprices ofcoal, copper, zincandother primary

metals andminerals produced byTeck aswellasoil,natural gasandpetroleum products, thetiming ofreceipt ofregulatory andgovernmental approvals forTeck’s development projects andother operations,

Teck’s costs ofproduction andproduction andproductivity levels, aswellasthose ofitscompetitors, power prices, market competition, theaccuracy ofTeck’s reserve estimates (including, withrespect tosize,