Teck Resources - 2015 -

--  Subsequent to quarter end, we completed the sale of a silver stream
   linked to our share of the Antamina mine. Taken together with the gold
   stream sold from the Carmen de Andacollo Operations which closed during
   the third quarter, these transactions have increased our cash position
   by approximately $1 billion.

--  Our cash balance of $1.8 billion as of October 21 is more than our $1.5
   billion share of costs required to complete Fort Hills. We also have an
   additional US$3 billion undrawn credit facility that can be used for
   general corporate purposes and US$1.2 billion available for cash draws
   or for letters of credit. We have certain contractual arrangements that
   may result in us having to issue letters of credit that would utilize
   substantially all of this US$1.2 billion facility.

--  Our cost reduction program combined with a falling Canadian dollar,
   lower oil prices, and higher copper grades have contributed to reduce
   our U.S. dollar unit costs for our products with copper and steelmaking
   coal unit costs falling by US$0.20 per pound and US$20 per tonne,
   respectively, compared to last year.

--  In response to steelmaking coal market conditions, our steelmaking coal
   mines took three-week shutdowns during the third quarter to reduce
   production and product inventory. In the fourth quarter we expect that
   production rates will be aligned with sales volumes.

--  We have reached agreements with the majority of our customers for the
   fourth quarter of 2015, based on a quarterly benchmark of US$89 per
   tonne for the highest quality product and we expect total sales in the
   fourth quarter, including spot sales, to be at least 6 million tonnes of
   steelmaking coal.

--  The Red Dog concentrate shipping season is expected to be completed on
   October 22 with shipments of 1,048,000 tonnes of zinc concentrate. We
   expect sales of 200,000 tonnes in the fourth quarter reflecting the
   normal seasonal pattern of Red Dog sales.

--  Our Quebrada Blanca operation restarted normal production activities in
   late August after unexpected ground movement in late June caused a
   temporary shutdown of processing facilities. We expect to produce 38,000
   tonnes of copper cathode in 2015, a reduction of about 10,000 tonnes
   compared to the original plan.