Don Lindsay President & CEO

Overview & Strategy

Both these slides and the accompanying oral presentation contain certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) and comparable legislation in other provinces.

Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward-looking statements include statements relating to our future production, our statements as to management’s expectations with respect to, among other things, business and financial prospects, the size and quality of Teck’s development projects and the timing and outcomes of those projects, our production growth profile including but not limited to our potential growth in copper production, mine lives and mineral reserves and resources, future trends, plans, strategies, objectives and expectations, including with respect to future operations and projects, progress in development of mineral and oil sands properties, capital and mine production costs, demand and market outlook for commodities, future commodity prices and the financial results, cash flows and operations of Teck.

These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary materially. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general business and economic conditions, interest rates, the supply and demand for, inventories of, and the level and volatility of prices of coal, zinc, copper and gold and other primary metals and minerals produced by Teck as well as oil, natural gas and petroleum products, future coal sales volumes of Teck, potential proceeds from the sale of non-core assets of Teck, the timing of receipt of regulatory and governmental approvals for Teck’s development projects and other operations, Teck’s costs of production and production and productivity levels, as well as those of its competitors, power prices, market competition, the accuracy of Teck’s reserve and resource estimates (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based, the resolution of environmental and other proceedings, our ongoing relations with our employees and partners and joint venturers, and the future operational and financial performance of the company generally. The foregoing list of assumptions is not exhaustive.

Forward Looking Information

Events or circumstances could cause actual results to differ materially. Factors that may cause actual results to vary include, but are not limited to: unanticipated developments in business and economic conditions in the principal markets for Teck’s products or in the supply, demand, and prices for metals and other commodities to be produced, changes in power prices, changes in interest and currency exchange rates, inaccurate geological or metallurgical assumptions (including with respect to the size, grade and recoverability of mineral or oil and gas reserves and resources), changes in taxation laws or tax authority assessing practices, legal disputes or unanticipated outcomes of legal proceedings, unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of permits or government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), decisions made by our partners or co-venturers, political risk, social unrest, lack of available financing for Teck or its partners or co-venturers, and changes in general economic conditions or conditions in the financial markets.

Certain of these risks are described in more detail in Teck’s annual information form available at www.sedar.com and in public filings with the United States Securities and Exchange Commission. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Forward Looking Information

Marcia Smith Senior Vice President Sustainability & External Affairs

T E C K R E S O U R C E S

Management Changes & Updates

Doug Horswill Senior Vice President

Rob Scott Senior Vice President Zinc

1

T E C K R E S O U R C E S

Management Changes & Updates

Robin Sheremeta Vice President Operations, Coal

Bill Fleming Vice President Engineering, Projects & Business Improvement, Coal

Bob Kelly Vice President Health & Safety

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T E C K R E S O U R C E S

Management Changes & Updates

Alex Christopher Vice President Exploration

Colin Joudrie Vice President Business Development

Keith Stein Vice President Projects

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T E C K R E S O U R C E S – D I V E R S I F I E D P O R T F O L I O

Building a Leading Diversified Mining Company

Note 1: Wood Mackenzie, 2012

Growing Copper business

# 1 Producer of steelmaking coal in N. America

# 2 Exporter of metallurgical coal in world

# 3 Zinc miner in world(1)

4

Asian ex. China 40%

China 15%

N. America 20%

S. America*

6%

Europe 19%

Source: Teck Resources, 2011

T E C K R E S O U R C E S – D I V E R S I F I E D P O R T F O L I O

Strong Global Presence – 2011 Revenue by Region

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T E C K R E S O U R C E S – S T R O N G O R G A N I C G R O W T H

‘Stay the Course’ Strategy

Low-cost Incremental

Growth

Brownfield Expansion

Building Resources

Converting Resources to Cash Flow

Copper Coal Energy

Industry Closures Looming

Zinc

6

0

2

4

6

8

10

Rea

l GD

P G

row

th

(ann

ualiz

ed q

uarte

rly p

erce

nt c

hang

e) Advanced Economies

Emerging and Developing Economies

IMF – World Economic Outlook (WEO), Aug 2012

T E C K R E S O U R C E S

Global and China Growth in Perspective

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

US

$, b

illion

s

China GDP (current prices), IMF

5 to 7 years ago: 10-13% growth = $250 to $350 billion GDP growth

Present Day Growth: 7-8% growth = $550 Bn GDP growth

GDP would have to slow to <3.5% to mirror historical absolute growth

China’s GDP Growth in Perspective Global Real GDP per Capita Growth

7

T E C K R E S O U R C E S

China: Inland Development to be a Driver for Strong Domestic Growth

0

10

20

30

40

50

60

70

EasternCentralWestern

China’s Regional GDP Capita (RMB, thousands) • Coastal regions mirror

developed countries, however overall China remains below the global GDP/capita average

• ‘Shrinking’ China being achieved via more rail, airports, and roads as well as telecom networks

• Manufacturing relocation speeding up inland development and growth in personal incomes

Inland regions playing ‘catch-up’

Source: NBS

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T E C K R E S O U R C E S

An Employee – Led Effort to Define Sustainability

• Increasing societal expectations, public awareness and scrutiny

• Managing sustainability issues critical to maintaining ability to operate

• Our approach to sustainability based on six interconnected areas of focus

• Water our most material sustainability issue

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Discovery

Generative programs

“Mine the Market”

Evaluations

Greenfields Drill Projects Advanced Projects

Acquisition

“Mine the Market”

Intelligence

Evaluations Support

Brownfields Target Testing Resource Development

Mine Site

Reserves

Geoscience

Technical Expertise

Project Management

T E C K R E S O U R C E S

Exploration’s Role at Teck

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• To create and realize value in the gold business

• Division operates similar to a junior gold company

• Continue to explore, find, and develop reserves and resources

• To create a gold asset base with a market value of +$1B

T E C K R E S O U R C E S

Gold Strategy

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T E C K R E S O U R C E S

Steelmaking Coal Business Unit

0

1,000

2,000

3,000

4,000

Teck BHP Rio Tinto* Anglo Xstrata

Steelmaking Coal Operating Profit (LTM to June 30, 2012 – US$ millions)

Source: Company Reports

• Teck has the highest operating profit steelmaking coal business in the industry

• Teck has the highest proportion of hard coking coal production

• Cost management efforts contributing to Teck’s strong operating profit position

• Potential re-start of Quintette operation with 3 to 4Mtpa production target

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T E C K R E S O U R C E S

Copper Business Unit

• Q3 annualized production run-rate ~400ktpa

• Near-term incremental improvements

• Strong portfolio of potential growth projects

• Long-term potential could see production double

260

285

310

335

360

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Rolling 4-Quarter Contained in Concentrate & Cathode

Record copper

production

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T E C K R E S O U R C E S

Zinc Business Unit

• Growing zinc demand

• Top tier zinc assets: Red Dog one of the world’s largest zinc operations

• Excellent exploration potential

• Several key closures on the horizon that are expected to impact supply

0

200

400

600

800

1000

1200

Source: Wood Mackenzie LTO Q2 2012

Top 10 Global Zinc Producers By Company (kt Zn)

Ranked 3rd largest

global zinc producer

Teck

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T E C K E N E R G Y – A C L O S E R L O O K

Energy Business Unit

billion bbls

Energy Business Unit Today:

• Teck’s share: ~3.5 billion barrels of contingent bitumen resource (not including Lease 421)

• 20% interest in Fort Hills

• 100% interest in Frontier/ Equinox

• 50% interest in Lease 421 0

500

1,000

1,500

2,000

2,500

3,000

3,500

2007 2008 2010 2012

Contingent Bitumen Resource (billion barrels)

Building Resources

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• Highland Valley Mill Modernization

• Quebrada Blanca Phase II

• Relincho

• Quintette

T E C K R E S O U R C E S

Projects

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T E C K R E S O U R C E S

Building a Leading Diversified Mining Company

Growing high quality production Crucial raw material for steelmaking

Expanding production Strong assets geared toward future growth

World class operations 1st quartile cash costs

Emerging oil producer Creating value in Oil Sands assets

Copper

Zinc

Energy

Steelmaking Coal

Value creation / realization explore, find, develop…sell

Gold

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