2012 Annual Meeting April 25, 2012

Forward Looking Information

Both these slides and the accompanying oral presentation contain certain forward-looking statements within the meaning of the United States Private

Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario). Forward-looking statements

can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,

“intends”, “anticipates” or “does not anticipate”, or “believes”, or variation of such words and phrases or state that certain actions, events or results “may”,

“could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties

and other factors which may cause the actual results, performance or achievements of Teck to be materially different from any future results,

performance or achievements expressed or implied by the forward-looking statements.

These forward-looking statements include the statements under the “Looking Ahead” section and the “Project Developments” section which relate to

estimates, forecasts, and statements as to management’s expectations with respect to the matters discussed in those sections, including, but not limited

to, progress and costs of growth projects, future trends for the company, future production and sales volumes, demand and market outlook for

commodities.

These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary materially. These statements are

based on a number of assumptions, including, but not limited to, assumptions regarding general business and economic conditions, the supply and

demand for, inventories of, and the level and volatility of prices of primary metals and minerals produced by Teck as well as oil, natural gas and petroleum

products, the timing of receipt of regulatory and governmental approvals for Teck’s development projects and other operations, the availability of financing

for Teck’s development projects on reasonable terms, Teck’s costs of production and production and productivity levels, as well as those of its

competitors, power prices, market competition, the accuracy of Teck’s reserve estimates (including, with respect to size, grade and recoverability) and the

geological, operational and price assumptions on which these are based, tax benefits, the resolution of environmental and other proceedings, our ongoing

relations with our employees and partners and joint venturers, performance by customers and counterparties of their contractual obligations, and the

future operational and financial performance of the company generally.

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Forward Looking Information

The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to differ materially. Factors that may cause

actual results to vary include, but are not limited to: adverse developments in business and economic conditions in the principal markets for Teck’s

products, in credit markets, or in the supply, demand, and prices for metals and other commodities to be produced, changes in interest and currency

exchange rates, inaccurate geological or metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and

resources), changes in taxation regimes, legal disputes or unanticipated outcomes of legal proceedings, unanticipated operational difficulties (including

failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and

equipment, government action or delays in the receipt of permits or government approvals, industrial disturbances or other job action, and unanticipated

events related to health, safety and environmental matters), political risk, social unrest, lack of available financing for Teck or its partners or co-venturers,

and changes in general economic conditions or conditions in the financial markets.

Certain of these risks are described in more detail in the annual information form of the company available at www.sedar.com and in public filings with the

SEC. The company does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them

to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

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4

2011 in Review

Record Safety Performance

5

0.00

1.00

2.00

3.00

4.00

5.00

6.00

2003 2004 2005 2006 2007 2008 2009 2010 2011

LTIF MAF

Total Reportable Injury Frequency: 2003 – 2011

2011: Record

low injuries

2011 Financial Highlights

Record Revenues $ 11.5 billion

Record Gross Profit

(before depreciation & amortization) $ 5.8 billion

Record Profit (attributable to shareholders)

$ 2.7 billion

Record EBITDA $ 5.5 billion

Revenues up 25%, Profit up 47%

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2011 Profit

Adjusted Profit

2011 2010

Profit ($millions) $2,468 $1,503

EPS - Basic $4.18 $2.55

Diluted $4.16 $2.54

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$2.54

$4.16

0.00

1.00

2.00

3.00

4.00

5.00

2010 2011

Earnings per Share (C$)

+64%

2011 Operation Highlights

Copper: Record production of 321,000

tonnes

Coal: Expanded proven and probable

reserves by 55% to 1 billion tonnes

Zinc: Record throughput of 3.7 million

tonnes at Red Dog

Energy: Total contingent resources

increased 67% to 3.5 billion barrels of

bitumen

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Our Focus on Sustainability

• Community

• Water

• Energy

• Ecosystems and Biodiversity

• Materials Stewardship

• Our People

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Communities – Antamina

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Making the World a Better Place

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12

Looking Ahead

Continued Strong Demand for our

Products

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China 5 year plan:

• Annual 7% GDP growth

• 36 million new low-income housing units

• 200,000 km increase in power

transmission lines

• 83,000 km of National Expressway

Network

Growing middle class:

• 3 billion increase from 2010 to 2030

‘Stay the Course’ Strategy

Low-cost

Incremental Growth Coal

Building

Resources Energy

Converting Resources to Cash Flow

Brownfield

Expansion Copper

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Project Developments

• Quintette Coal Mine

Feasibility study Q2 2012

• Quebrada Blanca Phase 2

Feasibility study Q1 2012

• Relincho Copper Mine

Feasibility study Q1 2013

• Frontier / Equinox Oil Sands Mine Projects

DBM complete and regulatory application filed Q4 2011

• Fort Hills Phase I

Engineering update 2012

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Our People – Retirements

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Mike Agg Jim Utley

Our People

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Teck's Safety Journey April 25, 2012

Robin Sheremeta Vice President, Health and Safety Leadership

2005 – The First Health and Safety Conference

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Evolution of Safety

Inju

ry f

requency

rate

Time

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Historic Approach “Good old days”: (accidents will happen)

Era of Engineering: (eg. hand rails, limit switches, machine guards, etc.)

Era of Legislation: procedures, laws and regulations (eg. Mines Act)

How do we close this gap?

Era of Behaviour Based Safety: observations

Historical Focus

Cultural Approach

Technical Programs

We’ve primarily

focused on the

technical side

of safety

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Cultural Approach

Technical Programs

Historical Focus

We’ve primarily

focused on the

technical side

of safety

22

The Cultural

side has been

more difficult

to figure out

Evolution of Safety In

jury

fre

quency

rate

Time

23

Era of Engineering: (eg. hand rails, limit switches, machine guards, etc.)

Era of Legislation: procedures, laws and regulations (eg. Mines Act)

How do we close this gap?

Era of Behaviour Based Safety: observations

Era of Values Based Safety: CSL, VFL, etc.

Values and Beliefs Dictate Actions

Nobody

Listens…

Accidents

happen… Production

over safety…

• We don’t report incidents

• We don’t listen to each other

• We take shortcuts

• We put ourselves at risk

“Good old

days”

LTI

MA

FA

Near Hits

At Risk Behaviour

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New Values and New Beliefs

Lead to Different Actions

I am

responsible

for safety…

All serious

injuries are

preventable…

My actions

impact others…

• We report all incidents

• We listen to each other’s

concerns

• We lead by example

• We manage our risks

Values-based

Safety

Everyone Goes Home

Safe and Healthy

Every Day

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A New Focus at Teck

The Balanced Safety System

Cultural Approach

Technical Programs

Training and Procedures

Risk Assessment

Standards and Auditing

Visible Felt Leadership

Courageous Safety Leadership

Management Commitment

Achieving our

health and

safety vision

requires

Commitment

and

Leadership

from every

employee

We must have

effective

technical

Safety

Programs

to support the

overall safety

system

Who and Why What and How

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Courageous Safety Leadership

• Would create the catalyst for change in our organization

• Would engage employees in a values based approach to safety

• Would lay the foundation for a Culture of Safety in Teck and help

us achieve the vision…

Everyone Going Home

Safe and Healthy

Every Day

The Courageous Safety Leadership Journey

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2009 – Courageous Safety Leadership

Rollout at Teck

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Rebuilding Culture

2010 and 2011 Site Generated Monthly CSL Topics –

Engagement at Operational Level

Greenhills Operations

The Power of Choice

Fording River

Y.E.S. To Safety

Highland Valley Copper

From Here to Home

Red Dog Operations

Elkview Operations

At Work At Play Changing of the Guard

Trail Operations

In His Footsteps

Duck Pond Operations

Courageous Safety Leadership III:

Next Steps

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• In the Spring of 2011, we brought together 28 Courageous Safety

Leaders from all around Teck to design the next phase of CSL

• After several review sessions and many months of development we

created the Next Steps in our journey

Courageous Safety Leadership III:

Next Steps

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• Held the Executive and GM session on March 14, 2012

• And starting in June, we will roll out CSL: Next Steps across Teck

Teck's Evolution of Safety

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What began in 2005 with our first

Health and Safety Conference…

…has become a company wide

culture shift, recruiting over…

and here’s the value…

At Teck, more people are

Going Home Safe and Healthy Every Day

than ever before…

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Thank You

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Everyone Going Home

Safe and Healthy

Every Day

See Yourself at Teck

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37

Questions

2012 Annual Meeting April 25, 2012