Mr. Jonathan Price reports

TECK ANNOUNCES CLEANBC FUNDING FOR TRAIL OPERATIONS CARBON CAPTURE UTILIZATION AND STORAGE PILOT

Teck Resources Ltd. has received $10-million in funding support from the government of British Columbia's CleanBC Industry Fund to progress the advancement of its carbon capture utilization and storage (CCUS) pilot project. The carbon capture pilot plant construction activity is currently under way, and the CleanBC funding will advance the assessment of viable options for carbon utilization and/or sequestration of the captured carbon dioxide (CO2) from Teck's Trail operations.

"Teck is continually evaluating opportunities to reduce our carbon footprint while supplying the critical resources required for a low-carbon future," said Jonathan Price, chief executive officer of Teck. "This funding will help advance our innovative carbon capture pilot at Trail operations, with important support from CleanBC, which is an excellent example of the alignment and collaboration between industry and government in achieving our shared climate goals."

The CCUS pilot project supports Teck's climate action strategy, including the goal to reduce the carbon intensity of operations by 33 per cent by 2030 and become a net-zero operator by 2050. The CCUS pilot is expected to begin operations late this year.

About the Trail CCUS pilot

Once operational, the Trail CCUS pilot is expected to capture CO2 from Trail operations at a rate of one tonne per day. If successful, the project could be scaled up to an industrial CCUS plant with the potential to capture over 100,000 tonnes of CO2 per year at Teck's Trail operations, the equivalent emissions of more than 20,000 cars.

About Teck Resources Ltd.

As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and on the New York Stock Exchange under the symbol TECK.