Teck Resources Investor Presentation — July 2018

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Second Quarter 2018 Results

July 26, 2018Forward Looking Information

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

looking information within themeaning oftheSecurities Act(Ontario) .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 and phrases orstate that certain actions, events orresults “may”, “could”,

“should”, “would”, “might” or“will” betaken, occur orbeachieved. 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 orachievements expressed orimplied bytheforward -looking statements .

The forward -looking statements inthese slides andtheoralpresentation include estimates, forecasts, andstatements astomanagement’s expectations with respect to,among other matters, timing ofthe

Waneta Dam sale closing, business unitproduction guidance, cost guidance, expectations forproduction ateach ofouroperations, sales guidance, timing offullproduction atFort Hills, theexpectations

underlying ourguidance, ourexpectations regarding theprojects andtransactions described ontheslide titled “Looking Forward Multiple catalyst/valuation milestones”, ourexpectation thatourcredit lines will

beavailable tobedrawn andourexpectations regarding ourbusiness andmarkets .

These forward- looking statements involve numerous assumptions, risks anduncertainties andactual results may vary materially .These statements arebased onanumber ofassumptions, including, butnot

limited to,assumptions regarding general business andeconomic conditions, interest rates, thesupply anddemand for,inventories of,andthelevel andvolatility ofprices ofcoal, copper, zinc andother

primary metals andminerals produced byTeck aswellasoil,natural gasandpetroleum products, thetiming ofreceipt ofregulatory andgovernmental approvals forTeck’s development projects andother

operations, Teck’s costs ofproduction andproduction andproductivity levels, aswellasthose ofitscompetitors, power prices, market competition, theaccuracy ofTeck’s reserve estimates (including, with

respect tosize, grade andrecoverability) andthegeological, operational andprice assumptions onwhich these arebased, taxbenefits, theresolution ofenvironmental andother proceedings, assumptions

regarding theimpact ofourcost reduction program onouroperations, ourongoing relations with ouremployees andpartners and joint venturers, performance bycustomers and counterparties oftheir