Teck Resources Investor Presentation — October 2020

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Third Quarter 2020 Results

October 27, 2020Caution Regarding Forward -Looking Statements

Both these slides andtheaccompanying oralpresentation certain forward -looking information andforward -looking statements asdefined inapplicable securities laws (collectively referred toasforward -looking statements) .These

statements relate tofuture events orourfuture performance .Allstatements other than statements ofhistorical factareforward -looking statements .Theuseofanyofthewords “anticipate”, “plan”, “continue”, “estimate”, “expect”,

“may”, “will”, “project”, “predict”, “potential”, “should”, “believe” andsimilar expressions isintended toidentify forward -looking statements .These statements involve known andunknown risks, uncertainties andother factors thatmay

cause actual results orevents todiffer materially from those anticipated insuch forward -looking statements .These statements speak only asofthedate ofthispresentation .These forward -looking statements include, butarenot

limited to,statements concerning :ourfocus andstrategy ;anticipated global andregional supply, demand andmarket outlook forourcommodities ;thepotential impact oftheCOVID -19onourbusiness andoperations, including our

ability tocontinue operations atoursites;production expectations ;ourability tomanage challenges presented byCOVID -19;Neptune upgrade cost andtiming expectations ;expected adjusted sitecost ofsales foroursteelmaking

coal unit;expectations regarding ourQB2ramp -up,including butnotlimited toworkforce andprogress targets, cost, timing andschedule targets andimpacts oftheCOVID -19onschedule targets, andtiming ofTeck’s next

contributions ;cost reduction program targets andtiming ofachieving those targets ;allguidance including butnotlimited toproduction, sales, cost, unitcost, capital expenditure, cost reduction andother guidance included inthese

slides ortheaccompanying oralpresentation ;liquidity andavailability ofborrowings under ourcredit facilities andtheQB2project finance facility ;ourstrong financial position ;thestatement thatTeck iswell-positioned togenerate

long-term shareholder value ;andourexpectations regarding ourbusiness andmarkets .

These statements arebased onanumber ofassumptions, including, butnotlimited to,assumptions regarding general business andeconomic conditions, interest rates, commodity andpower prices, acts offoreign ordomestic

governments andtheoutcome oflegal proceedings, thesupply anddemand for,deliveries of,andthelevel andvolatility ofprices ofcopper, coal, zincandblended bitumen andourother metals andminerals, aswellasoil,natural

gasandother petroleum products, thetiming ofthereceipt ofregulatory andgovernmental approvals forourdevelopment projects andother operations, including mine extensions ;positive results from thestudies onourexpansion