Teck Resources Investor Presentation — January 2019

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2019 Whistler Institutional

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:statements regarding theability orintention to

return capital toshareholders, disciplined capital allocation, significant liquidity andstrong cash flow, statements regarding Teck being acompelling value, resource arereserve estimates andmine lifeprojections, ourlong- term strategies andpriorities, the

EBITDA potential ofQuebrada Blanca 2andTeck’s energy business, allexpectations setoutonthe“Value Potential” slide andaccompanying discussion, potential forresource upside atFrontier andLease 421, expectation thatthezincstructural deficit

issettocontinue, expectation thatcopper mine production istopeak in2021 andastructural deficit willemerge, expectations fortheprojects described under thesubheading “Further Enhancing Profitability”, allexpectations regarding QB2,including

those described onthe“QB2Summary” slide, potential addition return ofcapital toshareholders following closing oftheQB2transaction, theestimated capital cost ofQB2andamount ofTeck’s portion thereof, expectation thatTeck’s equity funding will

notberequired until late2020 andtiming ofremaining equity funding contributions, future commodity price expectations, expectations regarding thesupply anddemand forourcommodities, long- lifeofourassets andpositioning onthecost curve andlow

riskofthejurisdictions inwhich they arelocated, growth potential forourcommodities, expectations regarding operating costs, liquidity andavailability ofundrawn credit lines, expectations regarding ourRed Dog VIP2 project, Highland Valley D3project,

procurement strategy andNeptune Terminals expansion, thestatement thatourprojects willhave significant free cash flow even atlower prices andother statements regarding projected cash availability andcash flow, statements andexpectations

regarding expansion andoptimization oftheproject andproperty, amount ofcontingent consideration, expected timing ofclosing, Teck’s “pro forma” copper exposure andestimated EBITDA onthe“QB2Rebalances Teck’s Portfolio” slide, statements

regarding QB2mine life,throughput, timing offirstproduction, amount ofproduction, costs (including C1andAISC), expected EBITDA from theproject, Teck’s expectation thatitwillhave significant free cash flow between 2018 and2020, Teck’s