Teck Resources Investor Presentation — February 2019

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Global Metals & Mining Conference

Caution Regarding Forward- Looking Statements

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

Securities Act(Ontario) (collectively referred toherein asforward -looking statements) .Forward- looking statements involve known andunknown risks, uncertainties andother factors which may cause theactual results, performance orachievements of

Teck tobematerially different from anyfuture results, performance orachievements expressed orimplied bytheforward- looking statements .These forward- looking statements include statements relating to:future value catalysts, intention orability to

return cash toshareholders, intention orability toreduce outstanding notes, create value through Project Satellite, transform through innovation, future value from QB2/QB3,thelong lifeofourprojects andoperations, operating cost expectations,

statements regarding liquidity andavailability ofcredit facilities, Teck’s share ofremaining equity capital andtiming ofcontributions relating toourQB2project, Teck’s capital priorities andobjectives ofitscapital allocation framework, including withrespect

toitsdividend policy andmaintenance ofinvestment grade metrics, potential additional return ofcapital toshareholders following theclose oftheQB2transaction, expectations with respect totheQB2project, including thestatements thatQB2willbea

world class, lowcost copper opportunity, timing offirstproduction, long- lifeandexpansion potential, projected IRR, projected copper production, statements andexpectations regarding ourProject Satellite projects setoutonthe“Project Satellite Value

Creation” slide, expectations forthebenefits ofourinnovation initiatives, assumptions regarding timing ofclosing ofourpartnering transaction relating toQB2andtheexpectation thatitwillclose, allprojections andexpectations regarding QB2andQB3

setoutinthe“Quebrada Blanca” appendix (including butnotlimited tostatements and expectations regarding theexpansion potential, costs, value and amount ofcontingent consideration, allprojections regarding theQB2project slides and

accompanying discussion, Teck’s expectation thatitwillhave significant freecash flowbetween 2018 and2020, Teck’s expectation thatitssolid financial position andreturn ofcash toshareholders willbemaintained throughout QB2construction, QB2

throughput, timing offirstproduction, amount ofproduction, costs (including C1andAISC), expected EBITDA from theproject, alleconomic andfinancial projections regarding theQB2project andTeck’s contributions thereto, expansion andextension

potential, andallother projections andexpectations regarding theQB2,QB3andQB2optimization), Teck’s “pro forma” copper exposure andestimated EBITDA onthe“QB2Rebalances Teck’s Portfolio” slide, Teck’s expectations regarding thepotential