Teck Resources Investor Presentation — September 2019

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Copper & Base Metals Summit

Fraser Phillips, Senior Vice President

Investor Relations and Strategic Analysis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 ofthe

Securities Act(Ontario) andcomparable legislation inother provinces (collectively referred toherein asforward- looking statements) .Forward -looking statements canbeidentified bytheuseofwords such as“plans”, “expects” or“does notexpect”, “is

expected”, “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 statements relating tomanagement’s expectations with respect to:future value catalysts, including Teck’s

intention orability toreturn cash toshareholders ;Teck’s capital priorities andobjectives ofitscapital allocation framework, including with respect toitsdividend policy, share buybacks andtheamount ofshares itmay buyback, andmaintenance of

investment grade metrics, maintenance ofdiscipline andinvesting invalue -enhancing projects ;production, supply, demand andoutlook regarding coal, copper, zinc andenergy forTeck andglobal markets generally ;expected annualized EBITDA

andother benefits thatwillbegenerated from ourRACE21TMinnovation- driven efficiency program andtheassociated implementation costs ;projected andtargeted operating andcapital costs ;expected EBITDA margins atouroperations ;future

value from QB2/QB3;Teck’s share ofremaining equity capital andtiming ofcontributions relating toourQB2project ;allprojections andexpectations regarding QB2andQB3,including, butnotlimited to,those setoutinthe"QB2Value Creation" and

“Quebrada Blanca” Appendix (including, butnotlimited to,statements thatQB2willbeaworld class, lowcost copper opportunity, statements andexpectations regarding thevalue andamount ofcontingent consideration, timing offirstproduction,

long- lifeand expansion potential, projected IRR, QB2throughput, mine life,projected copper production including Teck’s pro-forma copper exposure estimates, strip-ratios, costs (including C1andAISC), reserves andresources, construction