Teck Resources Investor Presentation — October 2019

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Third Quarter 2019 Results

October 24, 2019Caution Regarding Forward- Looking Statements

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) 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 estimates, forecasts, and statements astomanagement’s expectations and guidance with respect to,among other matters, business unitand commodity production guidance, cost

guidance (including butnotlimited tounit, site, operating andtransport cost guidance) andexpectations, expectations forproduction ateach ofouroperations, sales guidance, capital expenditure guidance, targeted cost reduction

amounts andtiming, targeted completion date forQB2, expected annualized EBITDA improvements from ourRACE 21TMprogram, impact oftheelectrical equipment failure onTrail production andtiming ofrepairs, timing ofthe

closing oftheQB2 project financing andfirstborrowing, expectation forimproving throughput, grades andrecoveries atHighland Valley, Teck’s share ofremaining equity capital fortheQB2 project andtiming ofcontributions,

potential forcash returns toshareholders, potential value catalyst ofgrowth through QB2/QB3 execution, theexpectations underlying ourguidance, andourexpectations regarding ourbusiness andmarkets.

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

wellasoil,natural gasandpetroleum products, thesupply anddemand forourblended bitumen, thetiming ofreceipt ofregulatory andgovernmental approvals forTeck’s development projects andother operations, Teck’s costs of