Mr. Edwin Shadeo reports

TECK ANNOUNCES RECEIPT OF REQUISITE CONSENTS AND EXPIRATION OF CONSENT SOLICITATIONS

In connection with Teck Resources Ltd.'s previously announced solicitations of consents relating to its outstanding $142,236,000 (U.S.) aggregate principal amount of 3.900 per cent notes due July 15, 2030, its outstanding $179,456,000 (U.S.) aggregate principal amount of 6.125 per cent notes due Oct. 1, 2035, its outstanding $189,908,000 (U.S.) aggregate principal amount of 6.000 per cent notes due Aug. 15, 2040, its outstanding $242,528,000 (U.S.) aggregate principal amount of 6.250 per cent notes due July 15, 2041, its outstanding $166,862,000 (U.S.) aggregate principal amount of 5.200 per cent notes due March 1, 2042, and its outstanding $107,958,000 (U.S.) aggregate principal amount of 5.400 per cent notes due Feb. 1, 2043, holders (as defined in the consent solicitation Statement referred to below) of at least a majority in principal amount of each series of outstanding affected notes have delivered consents in favour of the proposed amendments to the relevant indentures in respect of such series of affected notes.

The consent solicitation relating to each series of affected notes expired at 5 p.m., New York time, on Aug. 11, 2026. As a result, all revocation rights in respect of the affected notes have been terminated. The terms and conditions of the amendments in respect of the affected notes are set forth in the consent solicitation statement dated Aug. 3, 2026, previously provided by the company to the holders of the affected notes.

The company will, on the second business day after the expiration date, cause to be paid to each holder of a series of affected notes who has delivered (and not revoked) a valid consent in favour of the amendments in respect of such series of affected notes a cash payment of $1.00 (U.S.) for each $1,000 (U.S.) principal amount of that series of affected notes in respect of which such consent has been delivered, subject to applicable withholding, if any.

As previously announced, on Sept. 9, 2025, the company and Anglo American PLC entered into an arrangement agreement, which provides for, among other things, the combination of the company and Anglo American in a merger of equals by way of a plan of arrangement under the Canada Business Corporations Act, with the company continuing as a wholly owned subsidiary of Anglo Teck. Subject to the terms of the arrangement agreement, the receipt of necessary competition and regulatory approvals and satisfaction of other customary conditions precedent, the merger is currently expected to be completed within the originally announced timeline of between September, 2026, and March, 2027 (12 to 18 months following the announcement of the merger). The completion of the merger is not a condition to the effectiveness of the consents delivered by holders, the payment of the consent fee in respect of the consent solicitations is not conditioned upon completion of the merger, and the consent solicitations are not a condition to the completion of the merger.

Following receipt of the consents, the company and The Bank of New York Mellon, as trustee, executed supplemental indentures incorporating the amendments into the respective indentures governing the affected notes, consisting of: (i) the first supplemental indenture, dated as of Aug. 11, 2026, between the company and the trustee, to the indenture governing the 2030 notes; (ii) the first supplemental indenture, dated as of Aug. 11, 2026, between the company and the trustee, to the indenture governing the 2035 notes; and (iii) the seventh supplemental indenture, dated as of Aug. 11, 2026, between the company and the trustee, to the indenture governing the 2040 notes, the 2041 notes, the 2042 notes and the 2043 notes. The amendments changed certain of the covenants and events of default in the affected notes to align them in substance with the equivalent in Anglo American's debt indenture and made certain other changes. Anglo Teck may elect to provide a full and unconditional guarantee of the company's payment obligations with respect to such series of affected notes (which would not be expected to occur, if at all, prior to the consummation of the merger). The amendments only become of practical application if Anglo Teck provides the guarantee. However, even if the merger is completed, Anglo Teck has no obligation to provide any guarantee, and there can be no assurance that Anglo Teck will do so. If Anglo Teck provides the guarantee with respect to a series of affected notes, Anglo Teck will satisfy its reporting obligations under the relevant indenture by providing copies of the periodic and current reports filed by it under the Disclosure Guidance and Transparency Rules of the United Kingdom Financial Conduct Authority, or the reports filed with the U.S. Securities and Exchange Commission, as the case may be, in lieu of the company's existing periodic and current reporting under the rules and regulations of the SEC and continuous disclosure obligations under applicable Canadian securities laws, which reporting obligations will not apply during any period in which the guarantee is in force.

The solicitation agents in connection with the consent solicitations were Barclays Capital Inc., BofA Securities Inc. and TD Securities (USA) LLC. Questions regarding the consent solicitations may be directed to those shown in the attached table.

About Teck Resources Ltd.

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America, and an industry-leading copper growth pipeline. Teck is focused on creating value by advancing responsible growth and maintaining resilience built on a foundation of stakeholder trust. 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.

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