Teck Resources Investor Presentation — January 2018

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2018 Whistler Institutional

Forward Looking Information

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

forward -looking information within themeaning oftheSecurities Act(Ontario) (collectively referred toherein asforward -looking statements) .Forward -looking statements involve known and

unknown risks, uncertainties and other factors which may cause theactual results, performance orachievements ofTeck tobematerially different from anyfuture results, performance or

achievements expressed orimplied bytheforward -looking statements .These forward -looking statements include statements relating toourlong- term strategies andpriorities, statements regarding

thelong- lifeofourassets andpositioning onthecost curve andlowriskofthejurisdictions inwhich they arelocated, potential coal EBITDA andfreecash flow potential, ElkValley Water Quality

Plan cost andspending guidance, expected timing offirstoilfrom theFort Hills project, thepotential production, costs, mine life(including potential optionality forexpansion ormuch longer mine

life)andcapital intensity ofQuebrada Blanca 2,potential torealize value relating toourProject Satellite andtiming tosurface value, Teck’s potential copper production growth andtiming and

amount ofpotential copper production atourvarious development projects, timing ofWaneta Dam sale, amount andtiming ofdividends, dividend sustainability, andthepotential forpayment of

base andsupplemental dividends tobepaid inthefuture, potential Fort Hills contribution togross profit, ourproduction guidance, cost guidance, sales guidance, capital expenditure guidance,

estimated profit andestimated EBITDA andthesensitivity ofestimated profit andestimated EBITDA toforeign exchange andcommodity prices, objectives ofourcoal five-year plan, portcapacity

increases, estimated future cash flow andcash flow potential, ourexpectations regarding market supply, demand andprice inthecommodities weproduce, including ourexpectations regarding

factors which may impact supply ordemand inkeymarkets, theexpected timing andamount ofproduction attheFort Hills oilsands project, allprojections forourQuebrada Blanca 2project,

including those ontheslides titled “QB2:Robust Economics &Expansion Optionality“QB 2:Bottom Half ofC1+Sustaining Cost Curve”, “QB2:Competitive Capital Intensity” and including our

statement thatQuebrada Blanca 2isapotential tier1asset andexpected togenerate significant economic returns, thestatements made regarding thepotential mine life,capital costs, mine life

extension andexpansion optionality andproduction forourQuebrada Blanca Phase 2project, Quebrada Blanca 2projected economics, including netpresent value, internal rateofreturn payback