Teck Resources Investor Presentation — February 2021

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Fourth Quarter 2020 Results

February 18, 2021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 to

future events orourfuture performance .Allstatements other than statements ofhistorical factareforward -looking statements .The useofanyofthewords “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, butarenotlimited to,statements concerning :ourfocus andstrategy ;thepotential impact oftheCOVID -19onourbusiness andoperations, including ourability tocontinue operations atoursites;the

effectiveness ofourCOVID -19protocols ;expectations regarding ourQB2project, including capital estimate and estimate ofCOVID -19impacts ;timing offirstproduction from ourQB2project and timing ofTeck’s contributions totheproject ;

expectation ofincreased sales volumes intoChina ;Neptune upgrade cost andtiming expectations ;expectation thattheNeptune upgrade secures along-term, low-cost andreliable supply chain forsteelmaking coal;expectation ofhigher production

atHighland Valley andAntamina tooffset declines atAndacollo andQuebrada Blanca ;allguidance appearing inthispresentation, including butnotlimited tosales, cost, unitcost, capital expenditure, transportation andproduction guidance inthis

presentation ;expectations regarding ability ofFort Hills toincrease production ;anticipated global andregional supply, demand andmarket outlook forourcommodities ;liquidity andavailability ofborrowings under ourcredit facilities andtheQB2

project finance facility ;ourstrong financial position ;ourgreen metals growth strategy ;targeted copper production growth ;andourexpectations regarding ourbusiness andmarkets .

These statements arebased onanumber ofassumptions, including, butnotlimited to,assumptions regarding general business andeconomic conditions, interest rates, commodity andpower prices, acts offoreign ordomestic governments andthe

outcome oflegal proceedings, thesupply anddemand for,deliveries of,andthelevel andvolatility ofprices ofcopper, coal, zinc andblended bitumen andourother metals andminerals, aswellasoil,natural gasandother petroleum products, the