Teck Resources Investor Presentation — May 2020

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Global Metals, Mining & Steel

President and Chief Executive Officer

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, butarenotlimited to,statements concerning: thepotential impact oftheCOVID-19 onourbusiness andoperations, including ourability tocontinue operations atoursites; ourability to

manage challenges presented byCOVID-19; thegoals, targets and future expectations stated intheslide titled "Our Key Priorities" ;expected EBITDA improvements and other benefits and value tobegenerated from our

RACE21TMinnovation -driven efficiency program (including butnotlimited tothetarget of$1billion inannualized EBITDA improvements) and theassociated implementation costs andtiming; long-lifeofourassets; focus on

increasing margins inoursteelmaking coal business unit, expectations regarding theNeptune Bulk Terminals facility upgrade including benefits andtiming; targeted cost reductions forourcost reduction program andtiming ;all

projections andexpectations regarding QB2 andQB3, including, butnotlimited to,those setoutinthe"QB2Value Creation" and“Quebrada Blanca” Appendix (including, butnotlimited to,statements thatQB2 willbeaworld class,

lowcost copper opportunity, timing offirstproduction, long-lifeandexpansion potential, mine life,projected copper production including Teck’s pro-forma copper exposure estimates, strip-ratios, costs (including C1andAISC),

reserves andresources, construction schedule, expansion andextension potential, allproduction, economic andfinancial projections regarding theQB2 project, timing andamount ofTeck equity contributions, impact ofQB2 on

Teck’s portfolio balance, potential resource upside, expectations and projections regarding QB3 including capacity, and allother projections and expectations regarding theQB2, QB3and QB2 optimization); annual EBITDA