Mr. Jonathan Price reports

TRAIL CARBON CAPTURE PILOT PLANT NOW OPERATIONAL

Teck Resources Ltd.'s carbon capture pilot plant at its Trail operations in Southern British Columbia is now operating and successfully capturing carbon dioxide (CO2).

"This is an important milestone as we advance our understanding of the potential of carbon capture technology to reduce emissions at our operations," said Jonathan Price, president and chief executive officer. "This project is part of Teck's ongoing work to take action on climate change and achieve our long-term goal of net-zero operations by 2050."

The carbon capture pilot plant separates CO2 from the acid plant flue gas at Trail operations at a rate of one tonne per day, and will operate through 2024 for testing and data collection purposes. Teck's carbon capture utilization and storage (CCUS) pilot project is also evaluating options for the utilization and/or storage of the captured CO2 at Trail operations.

The CCUS pilot supports Teck's net-zero climate change strategy, including its goal to reduce the carbon intensity of its operations by 33 per cent by 2030 and achieve net-zero emissions by 2050.

Teck acknowledges the support of the CleanBC Industry Fund for its financing contribution toward the CCUS pilot plant feasibility study and development of a CO2 storage pilot project. The CleanBC Industry Fund highlights the alignment between industry and government in achieving Canada's goal of net-zero emissions by 2050.

Teck's Trail operations are also currently advancing the potential development of a large-scale electric vehicle battery recycling facility. The Trail operations' current recycling program includes lead batteries, zinc alkaline batteries and cathode ray tube (CRT) glass.

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. Teck is headquartered in Vancouver, Canada.

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