Teck Resources Investor Presentation — November 2018

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Global Metals & Mining Conference

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 oftheSecurities 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 ofTeck tobematerially different from anyfuture results, performance orachievements expressed orimplied bytheforward -

looking statements .These forward- looking statements include statements relating to:resource arereserve estimates andmine lifeprojections, ourlong-term strategies andpriorities, statements regarding Teck

being acompelling value, theEBITDA potential ofQuebrada Blanca 2andTeck’s energy business, allexpectations setoutonthe“Value Potential” slide andaccompanying discussion, potential forresource

upside atFrontier andLease 421,expectation thatthezinc structural deficit issettocontinue, expectation thatcopper mine production istopeak in2020 andastructural deficit willemerge, future commodity

price expectations, expectations regarding thesupply anddemand forourcommodities, long-lifeofourassets andpositioning onthecost curve andlowriskofthejurisdictions inwhich they arelocated, growth

potential forourcommodities, expectations regarding operating costs, expectations fortarget Fort Hills operating costs, expectations forcapital efficiency forFort Hills, liquidity andavailability ofundrawn credit

lines, expectations regarding ourRed Dog VIP2project, Highland Valley D3project, procurement strategy andNeptune Terminals expansion, thestatement thatourprojects willhave significant freecash flow

even atlower prices andother statements regarding projected cash availability andcash flow, allprojections andexpectations with respect toQuebrada Blanca Phase 2,including projected mine life,potential

forupside, expectation thattheproject willhave lowsustaining capital, total costs inthelowhalfofthecost curve andcompetitive capital intensity, timing ofapotential partnership transaction andpotential

sanction fortheproject, andexpected construction period andtiming offirstproduction from theproject, allexpectations andprojected milestones setoutonthe“Looking Forward” slide andaccompanying

discussion, allproduction guidance, allsales guidance, allcost guidance, allcapital expenditure guidance (including categories ofcapital expenditures), allother guidance, statements regarding ourgrowth

options, thesensitivity ofestimated profit andestimated EBITDA toforeign exchange andcommodity prices, oursustainability goals andstrategy (including butnotlimited toGHG emission reduction targets),