Teck Resources Investor Presentation — February 2020

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Fourth Quarter 2019 Results

February 21, 2020Caution Regarding Forward -Looking Statements

Both these slides andtheaccompanying oralpresentation certain forward -looking information andforward -looking statements asdefined inapplicable securities laws (collectively referred toasforward -looking statements) .These

statements relate tofuture events orourfuture performance .Allstatements other than statements ofhistorical factareforward -looking statements .Theuseofanyofthewords “anticipate”, “plan”, “continue”, “estimate”, “expect”,

“may”, “will”, “project”, “predict”, “potential”, “should”, “believe” andsimilar expressions isintended toidentify forward -looking statements .These statements involve known andunknown risks, uncertainties andother factors thatmay

cause actual results orevents todiffer materially from those anticipated insuch forward -looking statements .These statements speak only asofthedate ofthispresentation .These forward -looking statements include, butarenot

limited to,statements concerning :expected annualized EBITDA improvements and other benefits thatwillbegenerated from ourRACE 21TMinnovation -driven efficiency program ;ourintention toimplement certain RACE 21TM

programs more broadly across other operations andtoidentify andimplement additional RACE 21TMprojects, including butnotlimited totargeting atotal of$1billion inannualized EBITDA bytheendof2021 ;expectations regarding

timing ofNeptune facility upgrade ;thefrequency andlength ofourplanned outages atNeptune Bulk Terminals andtheimpact thereof ;goal ofcarbon neutrality by2050 ;production, sales, unitcosts andother cost guidance,

expectations andforecasts forourproducts, business units andindividual operations andourexpectation thatwewillmeet thatguidance ;targeted cost reduction amounts andtiming ;timing ofnext project capital contributions to

QB2;allguidance appearing inthispresentation ;andtheexpectations underlying ourguidance, andourexpectations regarding ourbusiness andmarkets .

These forward -looking statements arebased onanumber ofassumptions, including, butnotlimited to,assumptions regarding general business andeconomic conditions, interest rates, commodity andpower prices, acts offoreign

ordomestic governments andtheoutcome oflegal proceedings, thesupply anddemand for,deliveries of,andthelevel andvolatility ofprices ofcopper, coal, zincandblended bitumen andourother metals andminerals, aswellas

oil,natural gasand other petroleum products, thetiming ofthereceipt ofregulatory andgovernmental approvals forourdevelopment projects andother operations, including mine extensions ;ourability tosecure adequate

transportation, including rail,pipeline andportservice, forourproducts ourcosts ofproduction andourproduction andproductivity levels, aswellasthose ofourcompetitors, continuing availability ofwater andpower resources for