Ms. Emma Chapman reports

TECK ANNOUNCES INVESTMENT IN BUNKER HILL AS PART OF TRAIL MARGIN OPTIMIZATION

Teck Resources Ltd. has formed an agreement with Bunker Hill Mining Corp. for a $40-million (U.S.) equity investment intended to enhance the North American critical minerals supply chain by securing high-quality, cost-competitive zinc and lead concentrate from Idaho's Silver Valley to feed Teck's Trail operations. The investment is subject to various closing conditions, including completion of certain restructuring transactions and a marketed private placement by Bunker Hill and receipt of all necessary stockholder, regulatory and stock exchange approvals.

Highlights:

• Investment will support the completion of development of the nearby Bunker Hill mine, located 60 kilometres southeast of Coeur d'Alene, Idaho.
• High-quality, cost-competitive feed from Bunker Hill will provide additional optionality and is expected to enhance Trail's annual EBITDA (earnings before interest, taxes, depreciation and amortization).
• Zinc and lead concentrate produced by the mine will go to Trail under an existing offtake agreement and supplement existing feed from Teck's Red Dog operations and from other sources.

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. The company is focused on creating value by advancing responsible growth and ensuring 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 the New York Stock Exchange under the symbol TECK.

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