Annual Information Form - teck.com

1 Annual Information form February 26, 2018 2017 Annual Information form Teck Resources Limited Page i Table of Contents Nomenclature .. 1 Cautionary Statement on Forward-Looking Information .. 1 Glossary of Technical Terms .. 7 Corporate Structure .. 9 Name, Address and Incorporation .. 9 Intercorporate Relationships .. 10 General Development of the Business .. 12 Three-Year History .. 12 2015 .. 12 2016 .. 12 2017 .. 13 Description of the 15 General .. 15 Product Summary .. 16 Steelmaking Coal.

2 16 Copper .. 17 Zinc .. 18 18 Individual Operations .. 20 Steelmaking Coal .. 20 Copper .. 27 Zinc .. 40 46 Exploration .. 49 Corporate .. 49 Mineral Reserves and Resources .. 50 Oil and Gas Reserves .. 62 Health and Safety and Environmental Protection .. 69 Social and Environmental Policies .. 72 Human Resources .. 73 Technology .. 74 Foreign Operations .. 74 Competitive Conditions .. 75 Risk Factors .. 76 92 Description of Capital Structure .. 93 General Description of Capital Structure .. 93 Ratings .. 98 Market for Securities.

3 100 Trading Price and Volume .. 100 2017 Annual Information form Teck Resources Limited Page ii Directors and Officers .. 101 Directors .. 101 Officers .. 103 Audit Committee Information .. 105 Composition of the Audit Committee .. 105 Pre-Approval Policies and Procedures .. 106 Auditor s Fees .. 107 Ownership by Directors and Officers .. 107 Legal Proceedings .. 108 Transfer Agents and Registrars .. 110 Material Contracts .. 110 Interests of Experts .. 110 Disclosure Pursuant to the Requirements of the New York Stock Exchange.

4 111 Additional Information .. 111 Schedule A Audit Committee Charter .. A-1 Schedule B Report of Management and Directors on Reserves Data and Other Information .. B-1 Schedule C Report on Reserves Data by Independent Qualified Reserves Evaluator or Auditor .. C-1 Schedule D List of Technical Reports .. D-1 2017 Annual Information form Teck Resources Limited Page 1 Nomenclature In this Annual Information form , unless the context otherwise dictates, we , Teck or the Company refers to Teck Resources Limited and its subsidiaries.

5 Cautionary Statement on Forward-Looking Information This Annual Information form contains certain forward-looking Information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements ). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words anticipate , plan , continue , estimate , expect , may , will , project , predict , potential , should , believe and similar expressions is intended to identify forward-looking statements.

6 These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this Annual Information form . These forward-looking statements include but are not limited to, statements concerning: forecast production; forecast operating costs and capital costs; sales forecasts; our strategies and objectives; future prices and price volatility for coal, copper, zinc and other products and commodities that we produce and sell as well as oil, natural gas and petroleum products; the demand for and supply of copper, coal, zinc and other products and commodities that we produce and sell.

7 Expected receipt of regulatory approvals, and the expected timing thereof; expected receipt or completion of prefeasibility studies, feasibility studies and other studies and the expected timing thereof; proposed or expected changes in regulatory frameworks; our interest and other expenses; our tax position and the tax rates applicable to us; the costs of construction at our Fort Hills oil sands mining and processing operation, anticipated production rate and capacity, and timing of achieving 90% of designed capacity; expectations regarding the adequacy of our Fort Hills related logistic arrangements; expectations regarding the size of our interest in Fort Hills.

8 Decisions regarding the timing and costs of construction and production with respect to, and the issuance of the necessary permits and other authorizations required for, certain 2017 Annual Information form Teck Resources Limited Page 2 of our other development and expansion projects, including, among others, the Quebrada Blanca Phase 2 project, the NuevaUni n copper project, and the Frontier project; expected mine lives and the possibility of extending mine lives; our estimates of the quantity and quality of our mineral and oil reserves and resources; the production capacity of our operations, our planned production levels and future production; availability of transportation for our products from our operations; availability of any of our credit facilities; financial assurance requirements related to our projects and related agreements; potential impact of transportation, port and other potential production disruptions.

9 Our planned capital expenditures and capital spending; our estimates of reclamation and other costs related to environmental protection; our future capital and mine production costs, including the costs and potential impact of complying with existing and proposed environmental laws and regulations in the operation and closure of various operations; the costs, steps and potential impact of managing water quality at our coal operations, including but not limited to the statements under Description of the Business Individual Operations Steelmaking Coal Elk Valley Water Management regarding the expectations regarding timing and costs of AWTF construction and number of AWTFs required, Elk Valley Water Quality Plan spending guidance, including projected 2018 capital spending other capital spending guidance, associated operating costs.

10 Potential for saturated fills to reduce capital and operating costs associated with active water treatment; expectation that Neptune terminal can expand operations to over million tonnes per year; anticipated benefits, timing and cost of our ball mill project at Highland Valley; expectations regarding the Quebrada Blanca Phase 2 project, including expectations regarding capacity, mine life, regulatory approvals, projected expenditures and timing of any development decision in respect thereof; expected spending and activities at our Project Satellite properties; anticipated benefits, timing and costs of the Red Dog mill upgrade projects; timing of the sale of Waneta Dam and expectation that the sale of Waneta Dam will close; our financial and operating objectives; our exploration, environmental, health and safety initiatives; the outcome of legal proceedings and other disputes in which we are involved.