Teck Resources Investor Presentation — January 2020

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Fraser Phillips, Senior Vice President

Investor Relations and Strategic Analysis

Caution Regarding Forward- Looking Statements

2Both these slides andtheaccompanying oralpresentations contain certain forward -looking statements within themeaning oftheUnited States Private Securities Litigation Reform Actof1995 andforward -looking information within

themeaning oftheSecurities Act(Ontario) andcomparable legislation inother provinces (collectively referred toherein asforward -looking statements). Forward-looking statements canbeidentified bytheuseofwords such as

“plans”, “expects” or“does notexpect”, “isexpected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or“does notanticipate”, or“believes”, orvariation ofsuch words andphrases orstate thatcertain actions,

events orresults “may”, “could”, “should”, “would”, “might” or“will” betaken, occur orbeachieved .Forward-looking statements involve known andunknown risks, uncertainties andother factors which may cause theactual results,

performance orachievements ofTeck tobematerially different from anyfuture results, performance orachievements expressed orimplied bytheforward -looking statements. These forward -looking statements include statements

relating tomanagement’s expectations with respect to:thegoals stated in"Key Priorities" ;future value catalysts; Teck’s capital priorities andobjectives ofitscapital allocation framework, including with respect toitsdividend policy

(including abase $0.20pershare annual dividend), potential share repurchases and/or supplemental dividends, andmaintenance ofinvestment grade metrics; production, supply, demand andoutlook regarding coal, copper, zinc

andenergy forTeck andglobal markets generally ;expectations regarding theamount ofcash returns toshareholders under ourcapital allocation framework andmore generally ;expected US$150million ofannualized EBITDA by

endof2019 andother benefits andvalue tobegenerated from ourRACE21TMinnovation -driven efficiency program andtheassociated implementation costs; timing ofNeptune Facility upgrade andbenefits oftheproject ;projected

andtargeted operating andcapital costs; expected margins andfinancial results atouroperations andbusiness units ;future value from QB2/QB3; Teck’s share ofremaining equity capital andtiming ofcontributions relating toour

QB2 project ;targeted total reductions andtiming related tothecost reduction program ;allprojections andexpectations regarding QB2andQB3,including, butnotlimited to,those setoutinthe"QB2Value Creation" and“Quebrada

Blanca” Appendix (including, butnotlimited to,statements thatQB2 willbeaworld class, lowcost copper opportunity, statements andexpectations regarding thevalue andamount ofcontingent consideration, timing offirst