Mr. Fraser Phillips reports

TECK PROVIDES STEELMAKING COAL SALES AND PRICING UPDATE

Teck Resources Ltd. has provided unaudited third quarter 2023 steelmaking coal sales volumes and realized prices.

Its third quarter steelmaking coal sales were 5.2 million tonnes, below its guidance of 5.6 million to 6.0 million tonnes due to slower-than-anticipated supply chain recovery following the impacts of B.C. wildfires and the labour disruption at B.C. ports, and plant challenges. Teck implemented a plant improvement initiative in the second and third quarter and is seeing improved plant performance in the fourth quarter. The realized steelmaking coal price in the third quarter averaged $229 (U.S.) per tonne. It expects to report a positive steelmaking coal provisional pricing adjustment of $23-million in the third quarter.

Its third quarter 2023 financial results are scheduled for release on Oct. 24, 2023.

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 has shares 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.