-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CFMr3AXzr7UjuIqmpOoQTR4+TqqVLFxVBdosV5sacUrZ+yTNJuOdAHjCKGuU4/8k
 OTriJ9fdb9OvbrL+9fwaEQ==

<SEC-DOCUMENT>0000950142-09-000426.txt : 20090324
<SEC-HEADER>0000950142-09-000426.hdr.sgml : 20090324
<ACCEPTANCE-DATETIME>20090324143129
ACCESSION NUMBER:		0000950142-09-000426
CONFORMED SUBMISSION TYPE:	40-F
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20081231
FILED AS OF DATE:		20090324
DATE AS OF CHANGE:		20090324

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TECK COMINCO LTD
		CENTRAL INDEX KEY:			0000886986
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13184
		FILM NUMBER:		09701106

	BUSINESS ADDRESS:	
		STREET 1:		550 BURRARD ST
		STREET 2:		SUITE 3300, BENTALL 5
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 0B3
		BUSINESS PHONE:		604 699-4000

	MAIL ADDRESS:	
		STREET 1:		550 BURRARD ST
		STREET 2:		SUITE 3300, BENTALL 5
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 0B3
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-F
<SEQUENCE>1
<FILENAME>form40f2008.htm
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body style="FONT-FAMILY: 'Arial'" bgcolor="#ffffff">
        <div style="WIDTH: 600px">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: 0.05em solid">
                <div style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: 0.25em solid">
                    &nbsp;
                </div>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="623" border="0">
                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">UNITED STATES</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">SECURITIES AND EXCHANGE COMMISSION</font></b><br>
                            <b><font size="2">Washington, D.C. 20549</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.1in">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.1in" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="4">FORM 40-F</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(Mark One)</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" width="109">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font face="Wingdings">o</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="8">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF </font><br>
                            <font size="2">THE SECURITIES EXCHANGE ACT OF 1934</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">OR</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" width="109">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font face="Wingdings">x</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="8">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF </font><br>
                            <font size="2">THE SECURITIES EXCHANGE ACT OF 1934</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">For the fiscal year ended: </font><u><font size="2">December&nbsp;31, 2008</font></u></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" width="16">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Commission File Number:&nbsp;&nbsp;&nbsp;</font><u><font size="2">001-13184</font></u></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="4">TECK COMINCO LIMITED</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">(Exact name of Registrant as specified in its charter)</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">NOT APPLICABLE</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">(Translation of Registrant&rsquo;s name into English (if applicable))</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">CANADA</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">(Province or other jurisdiction of incorporation or organization)</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">1400</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">(Primary Standard Industrial Classification Code Number (if applicable))</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">NOT APPLICABLE</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">(I.R.S. Employer Identification Number (if applicable))</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Suite 3300 - 550 Burrard Street, Vancouver B.C., Canada&nbsp;V6C 0B3 (604) 699-4000</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">(Address and telephone number of Registrant&rsquo;s principal executive offices)</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">CT Corporation System, 1633 Broadway, New York, New York 10019 (212) 664-1666</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">(Name, address (including zip code) and telephone number (including area code)</font><br>
                            <font size="1">of agent for service in the United States)</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Securities registered or to be registered pursuant to Section&nbsp;12(b) of the Act:</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Title of Each Class</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" width="16">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Name of Each Exchange on Which Registered</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Class B subordinate voting shares</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" width="16">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">New</font></b><font size="2">&nbsp;</font><b><font size="2">York Stock Exchange</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Securities registered or to be registered pursuant to Section&nbsp;12(g) of the Act:</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Not Applicable</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">(Title of Class)</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Securities for which there is a reporting obligation pursuant to Section&nbsp;15(d) of the Act:</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.1in">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.1in" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">US$200 million 7.00% Notes due 2012, </font></b></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">US$300 million 5.375% Notes due 2015,</font></b></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">US$700 million 6.125% Notes due 2035</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">(Title of Class)</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">For annual reports, indicate by check mark the information filed with this Form:</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font face="Wingdings">x</font> <font size="2">Annual information form</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="5">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font face="Wingdings">x</font> <font size="2">Audited annual financial statements</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 5.75pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 5.75pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Indicate the number of outstanding shares of each of the issuer&rsquo;s classes of capital or common </font><br>
                            <font size="2">stock as of the close of the period covered by the annual report:</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 5.75pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 5.75pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">9,353,470 Class A Common Shares and </font></b><br>
                            <b><font size="2">477,512,086 Class B Subordinate Voting Shares outstanding as of December 31, 2008</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 5.75pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 5.75pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Indicate by check mark whether the Registrant by filing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;). If &ldquo;Yes&rdquo; is marked, indicate the filing number assigned to the Registrant in
                            connection with such Rule.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font face="Wingdings">o</font> <font size="2">Yes</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">82-</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="5">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" width="267">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font face="Wingdings">x</font> <font size="2">No</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="9">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Indicate by check mark whether the Registrant (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Exchange Act during the preceding 12&nbsp;months (or for such shorter period that the Registrant was required to file such reports) and (2)&nbsp;has been subject to such filing requirements for the past
                            90&nbsp;days.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 1pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="5">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font face="Wingdings">x</font> <font size="2">Yes</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 1pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font face="Wingdings">o</font> <font size="2">No</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: 0.05em solid">
                <div style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: 0.25em solid">
                    &nbsp;
                </div>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><b><font size="2">PRINCIPAL DOCUMENTS</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">The following documents have been filed as part of this Annual Information Form on Form&nbsp;40-F:</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="619" border="0">
                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">1.</font></p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Annual Information Form of Teck Cominco Limited for the year ended December 31, 2008.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">2.</font></p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Audited Consolidated Financial Statements of Teck Cominco Limited for the years ended December 31, 2008 and 2007, including the auditors&rsquo; report with respect thereto. For a reconciliation of important differences between Canadian and United States generally accepted accounting principles, see Note 24 of the Notes to the Consolidated Financial
                            Statements.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">3.</font></p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Management&rsquo;s Discussion and Analysis of Financial Position and Operating Results of Teck Cominco Limited for the year ended December 31, 2008.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">Certifications and Disclosure Regarding Controls and Procedures</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="619" border="0">
                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><font size="2">(a)</font></p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><u><font size="2">Certifications</font></u><font size="2">. See Exhibits 32.1 and 32.2 to this Annual Report on Form 40-F.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><font size="2">(b)</font></p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><u><font size="2">Disclosure Controls and Procedures</font></u><font size="2">. As of the end of the Registrant&rsquo;s fiscal year ended December 31, 2008, an evaluation of the effectiveness of the Registrant&rsquo;s &ldquo;disclosure controls and procedures&rdquo; (as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;)) was
                            carried out by the Registrant&rsquo;s management with the participation of the principal executive officer and principal financial officer. Based upon that evaluation, the Registrant&rsquo;s principal executive officer and principal financial officer have concluded that as of the end of that fiscal year, the Registrant&rsquo;s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Registrant in reports that it
                            files or submits under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms and (ii) accumulated and communicated to the Registrant&rsquo;s management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><font size="2">It should be noted that while the Registrant&rsquo;s principal executive officer and principal financial officer believe that the Registrant&rsquo;s disclosure controls and procedures provide a reasonable level of assurance that they are effective, they do not expect that the Registrant&rsquo;s disclosure controls and procedures or internal control over financial reporting will prevent all errors and
                            fraud. A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><font size="2">(c)</font></p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><u><font size="2">Management&rsquo;s Annual Report on Internal Control Over Financial Reporting</font></u><font size="2">. The required disclosure is included in the section entitled &ldquo;Management&rsquo;s Report on Internal Control Over Financial Reporting&rdquo; in the Registrant&rsquo;s Management&rsquo;s Discussion and Analysis of Financial Position and Operating Results for the fiscal year ended December 31,
                            2008, filed as part of this Annual Report on Form 40-F.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><font size="2">(d)</font></p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><u><font size="2">Attestation Report of the Registered Public Accounting Firm</font></u><font size="2">. The required disclosure is included in the &ldquo;Auditors&rsquo; Report&rdquo; that accompanies the Registrant&rsquo;s Consolidated Financial Statements for the fiscal year ended December 31, 2008, filed as part of this Annual Report on Form 40-F.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><font size="2">(e)</font></p>
                        </td>

                        <td valign="top" width="523">
                            <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><u><font size="2">Changes in Internal Control Over Financial Reporting</font></u><font size="2">. The required disclosure is included in the section entitled &ldquo;Changes in Internal Control Over Financial Reporting&rdquo; in the Registrant&rsquo;s Management&rsquo;s Discussion and Analysis of Financial Position and Operating Results for the fiscal year ended December 31, 2008, filed as part of this Annual Report
                            on Form 40-F.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">1</font></a></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">Notices Pursuant to Regulation BTR</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Not applicable.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">Audit Committee Financial Expert</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We have an Audit Committee established by the Board of Directors in accordance with Section 3(a)(58)(A) of the Exchange Act. The members of the Audit Committee are Keith E. Steeves, Hugh J. Bolton, Jalynn H. Bennett, Janice G. Rennie and Chris M.T. Thompson. The Board has designated Hugh J. Bolton as the &ldquo;Audit Committee Financial Expert&rdquo; as that term is defined in the Form 40-F. While
            Mr.&nbsp;Bolton is &ldquo;independent&rdquo; as that term is defined by Rule 10A-3 of the Exchange Act and according to New York Stock Exchange listing standards applicable to foreign private issuers, he is not &ldquo;independent&rdquo; according to New York Stock Exchange listing standards applicable to domestic issuers.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">Code of Ethics</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We have adopted a code of ethics, amended on June 23, 2006 and November 18, 2008, that applies to all of our employees and officers, including our principal executive officer, principal financial officer, principal accounting officer or controllerand persons performing similar functions. Our code of ethics is posted on our website,
            </font><font color="#0000ff"><font size="2">www.teck.com</font></font><font size="2">.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Since the adoption of our code of ethics, there have not been any amendments thereto, other than the amendments made on June 23, 2006 and November 18, 2008, or waivers, including implicit waivers, from any provision thereof.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">Principal Accountant Fees and Services</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The required disclosure is included in the section of this Annual Report on Form 40-F entitled &ldquo;Audit Committee Information &ndash; External Auditor Service Fees&rdquo; in the Registrant&rsquo;s &ldquo;Annual Information Form&rdquo; for the fiscal year ended December 31, 2008. </font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">Off-Balance Sheet Arrangements</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We have no off-balance sheet arrangements required to be disclosed in this Annual Report on Form&nbsp;40-F.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">Tabular Disclosure of Contractual Obligations</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The required disclosure is included in the section of this Annual Report on Form 40-F entitled &ldquo;Contractual and Other Obligations&rdquo; in the Registrant&rsquo;s &ldquo;Management&rsquo;s Discussion and Analysis of Financial Position and Operating Results&rdquo; for the fiscal year ended December 31, 2008.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">2</font></a></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><b><font size="2">Undertaking and Consent to Service of Process </font></b></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="619" border="0">
                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">A.</font></p>
                        </td>

                        <td valign="top" width="571">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><b><font size="2">Undertaking</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="571">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="571">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">The Registrant undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the Commission staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to: the securities registered pursuant to Form 40-F; the securities in relation to which the obligation to file an
                            annual report on Form 40-F arises; or transactions in said securities.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="571">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">B.</font></p>
                        </td>

                        <td valign="top" width="571">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><b><font size="2">Consent to Service of Process </font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="571">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="571">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">The Registrant has previously filed a Form F-X in connection with the class of securities in relation to which the obligation to file this report arises.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">3</font></a></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

            <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><b><font size="2">SIGNATURES</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Pursuant to the requirements of the Exchange Act, the Registrant certifies that it meets all of the requirements for filing on Form 40-F and has duly caused this annual report to be signed on its behalf by the undersigned, thereto duly authorized. </font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="center">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="605" border="0">
                    <tr>
                        <td valign="bottom" width="227">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Registrant:</font></p>
                        </td>

                        <td valign="bottom" width="200">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">TECK COMINCO LIMITED</font></b></p>
                        </td>

                        <td valign="bottom" width="31">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="147">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom" width="227">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><br>
                            <font size="2">By (Signature and Title):</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="200">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><br>
                            <font size="2">/s/ Karen L. Dunfee</font></p>
                        </td>

                        <td valign="bottom" width="31">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="147">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="227">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="200">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Karen L. Dunfee</font><br>
                            <font size="2">Corporate Secretary</font></p>
                        </td>

                        <td valign="top" width="31">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="147">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="227">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="200">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="31">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="147">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="227">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Date: March 20, 2009</font></p>
                        </td>

                        <td valign="top" width="200">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="31">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="147">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">4</font></a></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">LIST OF EXHIBITS</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="605" border="0">
                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">23.1</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Consent of PricewaterhouseCoopers LLP, Independent Accountants</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">23.2</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Consent of Paul C. Bankes, P. Geo., Independent Engineer</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">23.3</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Consent of Americo Zuzunaga, Independent Engineer</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">23.4</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Consent of Don Mills, P. Geol. , Independent Engineer</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">23.5</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Consent of Ross Pritchard, P.Eng. , Independent Engineer</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">23.6</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Consent of Sproule Unconventional Limited , Independent Engineers</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">31.1</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Certification of Donald R. Lindsay, Chief Executive Officer, pursuant to Rule 13a-14(a) or 15d-14 of the Securities Exchange Act of 1934</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">31.2</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Certification of Ronald A. Millos, Chief Financial Officer, pursuant to Rule 13a-14(a) or 15d-14 of the Securities Exchange Act of 1934</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">32.1</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Certification of Donald R. Lindsay, Chief Executive Officer, pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">32.2</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Certification of Ronald A. Millos, Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">99.1</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Annual Information Form for the fiscal year ended December 31, 2008.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">99.2</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Consolidated Financial Statements for the fiscal years ended December 31, 2008 and 2007.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="47">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">99.3</font></p>
                        </td>

                        <td valign="top" width="558">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Management&rsquo;s Discussion and Analysis of Financial Position and Operating Results of Teck Cominco Limited for the year ended December 31, 2008.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">5</font></a></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>2
<FILENAME>ex23-1_form40f2008.htm
<TEXT>
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            <div style='width:600;'>



            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><B><font SIZE=2>EXHIBIT 23.1</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CONSENT OF INDEPENDENT ACCOUNTANTS</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>We hereby consent to (i) the inclusion in Teck Cominco&#146;s Annual Report on Form 40-F for the year ended December 31, 2008; (ii) the incorporation by reference in registration statement on Form S-8 (File No. 333-140184); and (iii) the incorporation by reference in registration statement on Form F-9 (File No. 333-147032 and 333-152735), of our audit report dated March 4, 2009, relating to the Consolidated Financial Statements for each of the years in the three year period ended December 31, 2008 and the effectiveness of internal control over financial reporting of Teck Cominco Limited as of December 31, 2008.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><i><font size=2>&#147;PricewaterhouseCoopers LLP&#148;</font></i></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Chartered Accountants</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Vancouver, British Columbia</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>March 20, 2009</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>3
<FILENAME>ex23-2_form40f2008.htm
<TEXT>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><B><font SIZE=2>EXHIBIT 23.2</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:12pt; margin-top:6pt;text-align:center;'><b><font size=2>CONSENT OF GEOLOGIST</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>I hereby consent to references to my name under the heading &#147;Description of the Business &#151; Mineral Reserves and Resources&#148; and all other references to my name included or incorporated by reference in: (i) Teck Cominco Limited&#146;s Annual Report on Form 40-F for the year ended December 31, 2008; (ii) Teck Cominco Limited&#146;s registration statement on Form S-8 (File No. 333-140184); and (iii) the incorporation by reference in registration statements on Form F-9 (File No. 333-147032 and 333-152735), filed with the United States Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended as applicable.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <div align=left>

            <table border="0" cellspacing=0 cellpadding=0 width="605" style='border-collapse:collapse'>
                <tr >
                    <td width="213" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Sincerely,</font></p> </td>
                    <td width="17" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=bottom style='border-bottom: solid black 1.0pt; '>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ Paul C. Bankes</font></p> </td>
                    <td width="17" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Name:&nbsp;&nbsp;Paul C. Bankes</font><br> <font size=2>Title:&nbsp;&nbsp;&nbsp;&nbsp;P. Geo.</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Vancouver, British Columbia, Canada</font><br> <font size=2>March 20, 2009</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
            </div>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>4
<FILENAME>ex23-3_form40f2008.htm
<TEXT>
            <HTML>
            <HEAD>
            <TITLE> </TITLE>
            </HEAD>
            <BODY bgcolor="#ffffff" style='font-family:"Arial"'>

            <div style='width:600;'>



            <p style=' margin-bottom:12pt; margin-top:6pt;text-align:right;'><B><font SIZE=2>EXHIBIT 23.3</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:6pt;text-align:right;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:12pt; margin-top:6pt;text-align:center;'><b><font size=2>CONSENT OF ENGINEER</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>I hereby consent to references to my name under the heading &#147;Description of the Business &#151; Mineral Reserves and Resources&#148; and all other references to my name included or incorporated by reference in: (i) Teck Cominco Limited&#146;s Annual Report on Form 40-F for the year ended December 31, 2008; (ii) Teck Cominco Limited&#146;s registration statement on Form S-8 (File No. 333-140184); and (iii) the incorporation by reference in registration statements on Form F-9 (File No. 333-147032 and 333-152735), filed with the United States Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended as applicable.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <div align=left>

            <table border="0" cellspacing=0 cellpadding=0 width="605" style='border-collapse:collapse'>
                <tr >
                    <td width="213" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Sincerely,</font></p> </td>
                    <td width="17" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=bottom style='border-bottom: solid black 1.0pt; '>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ Americo Zuzunaga</font></p> </td>
                    <td width="17" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Name:&nbsp;&nbsp;Americo Zuzunaga</font><br> <font size=2>Title:&nbsp;&nbsp;&nbsp;&nbsp;AusIMM Member No. ______</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Lima, Peru</font><br> <font size=2>March 20, 2009</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
            </div>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>5
<FILENAME>ex23-4_form40f2008.htm
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            <p style=' margin-bottom:12pt; margin-top:6pt;text-align:right;'><B><font SIZE=2>EXHIBIT 23.4</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:6pt;text-align:right;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:12pt; margin-top:6pt;text-align:center;'><b><font size=2>CONSENT OF GEOLOGIST</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>I hereby consent to references to my name under the heading &#147;Description of the Business &#151; Mineral Reserves and Resources&#148; and all other references to my name included or incorporated by reference in: (i) Teck Cominco Limited&#146;s Annual Report on Form 40-F for the year ended December 31, 2008; (ii) Teck Cominco Limited&#146;s registration statement on Form S-8 (File No. 333-140184); and (iii) the incorporation by reference in registration statements on Form F-9 (File No. 333-147032 and 333-152735), filed with the United States Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended as applicable.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <div align=left>

            <table border="0" cellspacing=0 cellpadding=0 width="605" style='border-collapse:collapse'>
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                    <td width="213" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Sincerely,</font></p> </td>
                    <td width="17" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=bottom style='border-bottom: solid black 1.0pt; '>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ Don Mills</font></p> </td>
                    <td width="17" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Name:&nbsp;&nbsp;Don Mills</font><br> <font size=2>Title:&nbsp;&nbsp;&nbsp;&nbsp;P. Geol.</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Calgary, Canada</font><br> <font size=2>March 20, 2009</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>6
<FILENAME>ex23-5_form40f2008.htm
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            <p style=' margin-bottom:12pt; margin-top:6pt;text-align:right;'><B><font SIZE=2>EXHIBIT 23.5</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:6pt;text-align:right;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:12pt; margin-top:6pt;text-align:center;'><b><font size=2>CONSENT OF ENGINEER</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>I hereby consent to references to my name under the heading &#147;Description of the Business &#151; Mineral Reserves and Resources&#148; and all other references to my name included or incorporated by reference in: (i) Teck Cominco Limited&#146;s Annual Report on Form 40-F for the year ended December 31, 2008; (ii) Teck Cominco Limited&#146;s registration statement on Form S-8 (File No. 333-140184); and (iii) the incorporation by reference in registration statements on Form F-9 (File No. 333-147032 and 333-152735), filed with the United States Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended as applicable.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <div align=left>

            <table border="0" cellspacing=0 cellpadding=0 width="605" style='border-collapse:collapse'>
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                    <td width="213" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Sincerely,</font></p> </td>
                    <td width="17" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="213" valign=bottom style='border-bottom: solid black 1.0pt; '>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ Ross Pritchard</font>                                                 </p> </td>
                    <td width="17" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Name:&nbsp;&nbsp;Ross Pritchard</font><br> <font size=2>Title:&nbsp;&nbsp;&nbsp;&nbsp;P.Eng.</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="213" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Calgary, Canada</font><br> <font size=2>March 20, 2009</font></p> </td>
                    <td width="17" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="374" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
            </div>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>7
<FILENAME>ex23-6_form40f2008.htm
<TEXT>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><B><font SIZE=2>EXHIBIT 23.6</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:3pt; margin-top:12pt;text-align:center;'><B><font SIZE=2>CONSENT OF ENGINEER</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Reference is made to the Annual Report on Form 40-F for the year ended December 31, 2007 (the &#147;Annual Report&#148;) of Teck Cominco Limited (the &#147;Company&#148;) to be filed with the United States Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>We hereby consent to references to our firm&#146;s name and use of our report under the heading &#147;Description of the Business - Oil Sands - Fort Hills Project,&#148; and for &#147;Schedule&nbsp;B &#150; Report on Resources Data by Independent Qualified Resources Auditor&#148; and all other references to our name included or incorporated by reference in: (i) Teck Cominco Limited&#146;s Annual Report on Form 40-F for the year ended December 31, 2008; (ii) Teck Cominco Limited&#146;s registration statement on Form S-8 (File No. 333-140184); and (iii) the incorporation by reference in registration statements on Form F-9 (File No. 333-147032 and 333-152735), filed with the United States Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended as applicable.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


            <div align=center>

            <table border="0" cellspacing=0 cellpadding=0 width="605" style='margin-left:.4pt;border-collapse:collapse'>
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                    <td width="233" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="20" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="33" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="318" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Yours very truly,</font></p> </td> </tr>
                <tr >
                    <td width="233" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="20" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="33" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="318" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="233" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="20" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="33" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="318" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><B><font SIZE=2>SPROULE UNCONVENTIONAL LIMITED</font></B></p> </td> </tr>
                <tr >
                    <td width="233" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="20" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="33" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="318" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="233" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="20" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="33" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="318" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="233" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'>  </p> </td>
                    <td width="20" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="33" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
                    <td width="318" valign=bottom style='border-bottom: solid black 1.0pt; '>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ Grant I. Sanden</font></p> </td> </tr>
                <tr >
                    <td width="233" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="20" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="33" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="318" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Grant I. Sanden, P.Eng.</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Associate</font></p> </td> </tr>
                <tr >
                    <td width="233" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="20" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="33" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="318" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="233" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'>  </p> </td>
                    <td width="20" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="33" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
                    <td width="318" valign=top style='border-bottom:solid black 1.0pt; '>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><br> <font size=2>/s/ R. Keith MacLeod</font></p> </td> </tr>
                <tr >
                    <td width="233" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="20" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="33" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="318" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>R. Keith MacLeod, P.Eng.</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Executive Vice-President</font></p> </td> </tr></table>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Dated:  March 20, 2009</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Calgary, Alberta</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font SIZE=2>CANADA</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<TYPE>EX-31
<SEQUENCE>8
<FILENAME>ex31-1_form40f2008.htm
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><B><font SIZE=2>EXHIBIT 31.1</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height: 150%;'><font size=2>I, Donald R. Lindsay, certify that:</font></p>


            <div align=left>

            <table border="0" cellspacing=0 cellpadding=0 width="619" style='border-collapse:collapse'>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>I have reviewed this annual report on Form 40-F of Teck Cominco Limited;</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this report;</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>The issuer&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Evaluated the effectiveness of the issuer&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Disclosed in this report any change in the issuer&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the issuer&#146;s internal control over financial reporting; and</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <div align=left>

            <table border="0" cellspacing=0 cellpadding=0 width="619" style='border-collapse:collapse'>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>The issuer&#146;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer&#146;s auditors and the audit committee of the issuer&#146;s board of directors (or persons performing the equivalent functions):</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer&#146;s ability to record, process, summarize and report financial information; and</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer&#146;s internal control over financial reporting.</font></p> </td> </tr></table>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Dated:  </font></p> </td>
                    <td width="105" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>March 20, 2009</font></p> </td> </tr></table>
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            <table border="0" cellspacing=0 cellpadding=0 width="605" style='margin-left:.4pt;border-collapse:collapse'>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="12" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="30" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="266" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="296" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'>  </p> </td>
                    <td width="12" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="30" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
                    <td width="266" valign=bottom style='border-bottom: solid black 1.0pt; '>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ Donald R. Lindsay</font></p> </td> </tr>
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                    <td width="296" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="12" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="30" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="266" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Donald R. Lindsay</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Chief Executive Officer</font></p> </td> </tr></table>
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<TYPE>EX-31
<SEQUENCE>9
<FILENAME>ex31-2_form40f2008.htm
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><B><font SIZE=2>EXHIBIT 31.2</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height: 150%;'><font size=2>I, Ronald A. Millos, certify that:</font></p>


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            <table border="0" cellspacing=0 cellpadding=0 width="619" style='border-collapse:collapse'>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>I have reviewed this annual report on Form 40-F of Teck Cominco Limited;</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this report;</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The issuer&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Evaluated the effectiveness of the issuer&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Disclosed in this report any change in the issuer&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the issuer&#146;s internal control over financial reporting; and</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.</font></p> </td>
                    <td  colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The issuer&#146;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer&#146;s auditors and the audit committee of the issuer&#146;s board of directors (or persons performing the equivalent functions):</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer&#146;s ability to record, process, summarize and report financial information; and</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="48" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>
                    <td width="523" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer&#146;s internal control over financial reporting.</font></p> </td> </tr></table>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Dated:  </font></p> </td>
                    <td width="105" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>March 20, 2009</font></p> </td> </tr></table>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="12" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="30" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="266" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'>  </p> </td>
                    <td width="12" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="30" valign=bottom >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
                    <td width="266" valign=bottom style='border-bottom: solid black 1.0pt; '>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ Ronald A. Millos</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="12" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="30" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="266" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Ronald A. Millos</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Chief Financial Officer</font></p> </td> </tr></table>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><B><font SIZE=2>EXHIBIT 32.1</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Certification Pursuant to 18 U.S.C. 1350, </font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>As Adopted Pursuant to</font></b></p>

            <p style=' margin-bottom:18pt; margin-top:0pt;text-align:center;'><u><b><font size=2>Section 906 of the Sarbanes-Oxley Act of 2002</font></b></u></p>

            <p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>Teck Cominco Limited</font></b></p>

            <p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>In connection with the Annual Report of Teck Cominco Limited (the &#147;Company&#148;) on Form&nbsp;40-F for the fiscal year ended December 31, 2008 (the &#147;Report&#148;) to which this certification is an exhibit, I, Donald R. Lindsay, Chief Executive Officer of the Company, hereby certify, pursuant to 18&nbsp;U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:</font></p>


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                        <p style='margin-left:0in;text-indent:0in;text-align:justify;margin-top:0pt;margin-bottom:12pt'><font size=2>1.</font></p> </td>
                    <td width="558" valign=top >
                        <p style='margin-left:0in;text-indent:0in;text-align:justify;margin-top:0pt;margin-bottom:12pt'><font size=2>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</font></p> </td> </tr>
                <tr >
                    <td width="47" valign=top >
                        <p style='margin-left:0in;text-indent:0in;text-align:justify;margin-top:0pt;margin-bottom:12pt'><font size=2>2.</font></p> </td>
                    <td width="558" valign=top >
                        <p style='margin-left:0in;text-indent:0in;text-align:justify;margin-top:0pt;margin-bottom:12pt'><font size=2>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p> </td> </tr></table>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="261" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Date:  March 20, 2009</font></p> </td>
                    <td width="261" valign=top style='border-bottom:solid black 1.0pt; '>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>/s/  Donald R. Lindsay</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="261" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Donald R. Lindsay</font></p> </td> </tr>
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                    <td width="343" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="261" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Chief Executive Officer</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="261" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="261" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="261" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<SEQUENCE>11
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            <p style=' margin-bottom:12pt; margin-top:0pt;text-align:right;'><B><font SIZE=2>EXHIBIT 32.2</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Certification Pursuant to 18 U.S.C. 1350, </font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>As Adopted Pursuant to</font></b></p>

            <p style=' margin-bottom:18pt; margin-top:0pt;text-align:center;'><u><b><font size=2>Section 906 of the Sarbanes-Oxley Act of 2002</font></b></u></p>

            <p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>Teck Cominco Limited</font></b></p>

            <p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>In connection with the Annual Report of Teck Cominco Limited (the &#147;Company&#148;) on Form&nbsp;40-F for the fiscal year ended December 31, 2008 (the &#147;Report&#148;) to which this certification is an exhibit, I, Ronald A. Millos, Chief Financial Officer of the Company, hereby certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:</font></p>


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                        <p style='margin-left:0in;text-indent:0in;text-align:justify;margin-top:0pt;margin-bottom:12pt'><font size=2>1.</font></p> </td>
                    <td width="558" valign=top >
                        <p style='margin-left:0in;text-indent:0in;text-align:justify;margin-top:0pt;margin-bottom:12pt'><font size=2>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</font></p> </td> </tr>
                <tr >
                    <td width="47" valign=top >
                        <p style='margin-left:0in;text-indent:0in;text-align:justify;margin-top:0pt;margin-bottom:12pt'><font size=2>2.</font></p> </td>
                    <td width="558" valign=top >
                        <p style='margin-left:0in;text-indent:0in;text-align:justify;margin-top:0pt;margin-bottom:12pt'><font size=2>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p> </td> </tr></table>
            </div>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <table border="0" cellspacing=0 cellpadding=0 width="605" style='border-collapse:collapse'>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="261" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
                <tr >
                    <td width="343" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Date:  March 20, 2009</font></p> </td>
                    <td width="261" valign=top style='border-bottom:solid black 1.0pt; '>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>/s/  Ronald A. Millos</font></p> </td> </tr>
                <tr >
                    <td width="343" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="261" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Ronald A. Millos</font></p> </td> </tr>
                <tr >
                    <td width="343" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="261" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Chief Financial Officer</font></p> </td> </tr>
                <tr >
                    <td width="343" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="261" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>12
<FILENAME>ex99-1_form40f2008.htm
<TEXT>
<html>
    <head>
        <title></title>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt" align="right"><font size="2"><strong>EXHIBIT 99.1</strong></font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="590" border="0">
                    <tr>
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="590">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in" align="center"><img src="img1.jpg"></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in"><br>
                            </p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="590">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in; LINE-HEIGHT: normal; TEXT-ALIGN: center"><font size="6">ANNUAL INFORMATION FORM</font><br>
                            <br>
                            <font size="4">March 13, 2009</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="590">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: center">&nbsp;</p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: center">&nbsp;</p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: center"><b><font size="3">TECK COMINCO LIMITED</font></b><br>
                            <font size="2">Suite 3300,550 Burrard Street</font><br>
                            <font size="2">Vancouver, British Columbia</font><br>
                            <font size="2">V6C 0B3</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="590">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: center">&nbsp;</p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: center">&nbsp;</p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: center"><b><font size="2">An additional copy of this Annual Information Form</font></b><br>
                            <b><font size="2">may be obtained upon request from the Corporate Secretary,</font></b><br>
                            <b><font size="2">Teck Cominco Limited at the above address or from the company&rsquo;s</font></b><br>
                            <b><font size="2">web site &ndash; www.teck.com</font></b></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 1in; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><b><font size="2">TABLE OF CONTENTS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="648" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">NOMENCLATURE</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">iii</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">iii</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">GLOSSARY OF TECHNICAL TERMS</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">vi</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">CORPORATE STRUCTURE</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">1</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">NAME, ADDRESS AND INCORPORATION</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">1</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">INTERCORPORATE RELATIONSHIPS</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">1</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">GENERAL DEVELOPMENT OF THE BUSINESS</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">2</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">THREE-YEAR HISTORY</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">2</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">2006</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">2</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">2007</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">3</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">2008</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">4</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">SIGNIFICANT ACQUISITIONS</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">5</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">DESCRIPTION OF THE BUSINESS</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">5</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">GENERAL</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">5</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Product Summary</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">6</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Copper</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">8</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Zinc</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">14</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Coal</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">17</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Gold</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">20</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Oil Sands</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">23</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Exploration</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">25</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">MINERAL RESERVES AND RESOURCES</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">26</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">OIL AND GAS RESOURCES</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">34</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Fort Hills Project</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">34</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Teck Cominco/UTS Joint Venture</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">34</font></i></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="648" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">SAFETY AND ENVIRONMENTAL PROTECTION</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">36</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">SOCIAL AND ENVIRONMENTAL POLICIES</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">38</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">HUMAN RESOURCES</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">38</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">TECHNOLOGY</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">39</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">FOREIGN OPERATIONS</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">39</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">COMPETITIVE CONDITIONS</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">39</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">RISK FACTORS</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">40</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">DIVIDENDS</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">49</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">DESCRIPTION OF CAPITAL STRUCTURE</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">50</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">GENERAL DESCRIPTION OF CAPITAL STRUCTURE</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">50</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">RATINGS</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">52</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">MARKET FOR SECURITIES</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">54</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">TRADING PRICE AND VOLUME</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">54</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">DIRECTORS AND OFFICERS</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">55</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">DIRECTORS</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">55</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">OFFICERS</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">57</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">AUDIT COMMITTEE INFORMATION</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">59</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Mandate of Audit Committee</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">59</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Composition of the Audit Committee</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">59</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Pre-Approval Policies and Procedures</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">60</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 21pt"><i><font size="2">Auditor&rsquo;s Fees</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><i><font size="2">61</font></i></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">OWNERSHIP BY DIRECTORS AND OFFICERS</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">61</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">LEGAL PROCEEDINGS</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">61</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">TRANSFER AGENTS AND REGISTRARS</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">64</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">MATERIAL CONTRACTS</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">64</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">INTERESTS OF EXPERTS</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">64</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">ADDITIONAL INFORMATION</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">64</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">SCHEDULE A</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">A-1<br>
                            </font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 8.25pt"><font size="2">AUDIT COMMITTEE CHARTER</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">A-1<br>
                            </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">SCHEDULE B</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">B-1<br>
                            </font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p style="MARGIN-LEFT: 0in; TEXT-INDENT: 9pt"><font size="2">REPORT OF MANAGEMENT AND DIRECTORS ON DECEMBER 2008 OIL AND GAS DISCLOSURE</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="MARGIN-LEFT: 0in; TEXT-ALIGN: right" align="right"><font size="2">B-1<br>
                            </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><b><font size="2">SCHEDULE C</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><b><font size="2">C-1<br>
                            </font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p><font size="2">REPORT ON RESOURCES DATA</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right"><font size="2">C-1</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="612">
                            <p>&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="36">
                            <p style="TEXT-ALIGN: right" align="right">&nbsp;</p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><b><font size="2">Note: All currency references are to Canadian dollars unless otherwise noted.</font></b></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- ii -</font></a></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">NOMENCLATURE</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In this Annual Information Form, unless the context otherwise dictates, &ldquo;we&rdquo;, &ldquo;Teck&rdquo; or the &ldquo;Company&rdquo; refers to Teck Cominco Limited and its subsidiaries, and a reference to Teck Metals refers to our wholly-owned subsidiary, Teck Cominco Metals Ltd., and its subsidiaries.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">This Annual Information Form and certain documents incorporated by reference in this Annual Information Form contain certain forward-looking information and forward-looking statements as defined in applicable securities laws. 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 &ldquo;anticipate&rdquo;, &ldquo;plan&rdquo;, &ldquo;continue&rdquo;, &ldquo;estimate&rdquo;, &ldquo;expect&rdquo;, &ldquo;may&rdquo;, &ldquo;will&rdquo;, &ldquo;project&rdquo;, &ldquo;predict&rdquo;, &ldquo;potential&rdquo;, &ldquo;should&rdquo;, &ldquo;believe&rdquo; and similar expressions is intended to identify forward-looking statements. 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 or as of the date specified in the documents incorporated by reference in this Annual Information Form, as the case may be. These forward-looking statements include but are not limited to, statements concerning: </font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">prices and price volatility for copper, coal, zinc, gold and other products and commodities that we produce and sell as well as oil, natural gas and petroleum products; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the long-term demand for and supply of copper, coal, zinc, gold and other products and commodities that we produce and sell; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the sensitivity of our financial results to changes in commodity prices; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our outstanding indebtedness, and our intentions with respect to the repayment or refinancing of that indebtedness;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">treatment and refining charges;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our strategies and objectives; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our interest and other expenses; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our tax position, anticipated tax refunds and the tax rates applicable to us;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">political unrest or instability in countries such as Peru and its impact on our foreign assets, including our interest in the Antamina copper, zinc mine; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the timing of 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 of our development and expansion projects, including, among others, the Fort Hills project;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our estimates of the quantity and quality of our mineral and oil reserves and resources; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- iii -</font></a></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the production capacity of our operations and our planned production levels;</font></p>
                        </td>
                    </tr>
                </table>
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            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our planned capital expenditures and our estimates of reclamation and other costs related to environmental protection; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">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; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our cost reduction and other financial and operating objectives; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our exploration, environmental, health and safety initiatives; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the availability of qualified employees for our operations, including our new developments;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the satisfactory negotiation of collective agreements with unionized employees; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the outcome of legal proceedings and other disputes in which we are involved; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">general business and economic conditions; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the outcome of our coal sales negotiations and negotiations with metals and concentrate customers concerning treatment charges, price adjustments and premiums;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our ability to meet our financial obligations as they become due; and</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our dividend policy.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><font size="2">Inherent in forward-looking statements are risks and uncertainties beyond our ability to predict or control, including risks that may affect our operating or capital plans; risks generally encountered in the permitting and development of mineral and oil and gas properties such as unusual or unexpected geological formations, unanticipated metallurgical difficulties, delays associated with permit
            appeals, ground control problems, adverse weather conditions, process upsets and equipment malfunctions; risks associated with labour disturbances and unavailability of skilled labour; fluctuations in the market price of our principal commodities which are cyclical and subject to substantial price fluctuations; risks created through competition for mining and oil and gas properties; risks associated with lack of access to markets; risks associated with mineral and oil and gas
            reserve and resource estimates; risks posed by fluctuations in exchange rates and interest rates, as well as general economic conditions; risks associated with environmental compliance and changes in environmental legislation and regulation; risks associated with our dependence on third parties for the provision of transportation and other critical services; risks associated with non-performance by contractual counterparties; risks associated with aboriginal title claims and other
            title risks; social and political risks associated with operations in foreign countries; risks of changes in tax laws or their interpretation; and risks associated with tax reassessments and legal proceedings.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><font size="2">Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this Annual Information Form. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about: </font></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">general business and economic conditions; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- iv -</font></a></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">interest rates and foreign exchange rates;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the supply and demand for, deliveries of, and the level and volatility of prices of copper, coal, zinc and gold and our other primary metals and minerals as well as oil, natural gas and petroleum products; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the timing of the receipt of regulatory and governmental approvals for our development projects and other operations; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">changes in credit market conditions and conditions in financial markets generally;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the availability of funding to refinance our borrowings as they become due or to finance our development projects on reasonable terms; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our costs of production and our production and productivity levels, as well as those of our competitors; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">power prices; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our ability to secure adequate transportation for our products; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our ability to attract and retain skilled staff;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the impact of changes in Canadian-US dollar and other foreign exchange rates on our costs and results;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">engineering and construction timetables and capital costs for our development and expansion projects; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">costs of closure of various operations; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">market competition; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the accuracy of our reserve estimates (including, with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">premiums realized over London Metal Exchange cash and other benchmark prices; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">tax benefits and tax rates; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the outcome of our coal price and refining and treatment charge negotiations with customers;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the resolution of environmental and other proceedings or disputes; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our ability to comply with and timely renew environmental permits; and</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">our ongoing relations with our employees and with our business partners and joint venturers.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- v -</font></a></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We caution you that the foregoing list of important factors and assumptions is not exhaustive. Events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, these forward-looking statements. You should also carefully consider the matters discussed under &ldquo;Risk Factors&rdquo; in this Annual Information Form. We
            undertake no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">GLOSSARY OF TECHNICAL TERMS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">ball mill</font></b><font size="2">: a rotating horizontal cylinder in which ore is ground using metal balls.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">bitumen</font></b><font size="2">: a naturally occurring heavy viscous crude oil.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">carbon-in-pulp</font></b><font size="2">: a process used to recover gold that has been dissolved after cyanide leach agitation. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">cathode</font></b><font size="2">: an electrode in an electrolytic cell which receives electrons and which represents the final product of an electrolytic refining process.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">clean coal</font></b><font size="2">: coal that has been processed to separate impurities and is in a form suitable for sale.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">coking coal</font></b><font size="2">: those metallurgical coals possessing physical and chemical characteristics that facilitate the manufacture of coke.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">concentrate</font></b><font size="2">: a product containing valuable minerals from which most of the waste mineral in the ore has been eliminated in a mill or concentrator.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">contingent bitumen resource</font></b><font size="2">: those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal,
            environmental, political and regulatory matters or a lack of markets. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">crude oil</font></b><font size="2">: unrefined liquid hydrocarbons, excluding natural gas liquids.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">custom concentrate: </font></b><font size="2">concentrate sold to third party smelters for smelting.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">dor&eacute;</font></b><font size="2">: unrefined gold and silver bullion bars.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">drift</font></b><font size="2">: a horizontal passage from one underground working place to another and parallel to the strike of the ore.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">extraction plant</font></b><font size="2">: a facility in which bitumen is separated from sand, water and other impurities.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">flotation</font></b><font size="2">: a method of mineral separation in which a froth created in water by a variety of reagents floats certain finely crushed minerals, whereas other minerals sink, so that the valuable minerals are concentrated and separated from the waste.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">grade</font></b><font size="2">: the classification of an ore according to its content of economically valuable material, expressed as grams per tonne for precious metals and as a percentage for most other metals. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">hard coking coal</font></b><font size="2">: a type of metallurgical coal used primarily for making coke in integrated steel mills.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- vi -</font></a></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">hypogene</font></b><font size="2">: primary sulphide ore located beneath shallow zones of ore affected by weathering processes.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">indicated mineral resource</font></b><font size="2">: that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is
            based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">inferred mineral resource</font></b><font size="2">: that part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as
            outcrops, trenches, pits, workings and drill holes.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">KIVCET furnace</font></b><font size="2">: a smelting furnace which produces lead bullion and slag.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">measured mineral resource</font></b><font size="2">: that part of a mineral resource for which quantity, grade or quality, densities, shape, and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of
            the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">metallurgical coal</font></b><font size="2">:</font> <font size="2">various grades of coal suitable for making steel, such as coking coal.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">mill</font></b><font size="2">: a plant in which ore is ground and undergoes physical or chemical treatment to extract and produce a concentrate of the valuable minerals.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">mineral reserve</font></b><font size="2">:</font> <font size="2">the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be
            justified. A mineral reserve includes diluting materials and allowances for losses that may occur when the material is mined. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">mineral resource</font></b><font size="2">:a concentration or occurrence of diamonds, natural solid inorganic material, or natural solid fossilized organic material including base and precious metals, coal, and industrial minerals in or on the earth&rsquo;s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location,
            quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">oil sands</font></b><font size="2">: sand and rock material that contains bitumen.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">ore</font></b><font size="2">: naturally occurring material from which minerals of economic value can be extracted at a reasonable profit.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">orebody</font></b><font size="2">: a contiguous, well defined mass of material of sufficient ore content to make extraction economically feasible.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- vii -</font></a></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">pci coal</font></b><font size="2">: pulverized thermal coal that is used to replace coking coal in a blast furnace.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">probable mineral reserve</font></b><font size="2">:the economically mineable part of an indicated and, in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic extraction
            can be justified.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">proven mineral reserve</font></b><font size="2">: the economically mineable part of a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic extraction is justified.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">pressure leaching</font></b><font size="2">: extracting a soluble metallic compound from an ore or concentrate by dissolving it in a chemical solvent, accelerated by means of increased temperature and pressure.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">raw coal</font></b><font size="2">:coal that has been removed or exposed for removal from a mine, but has not been processed.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">refinery</font></b><font size="2">: a plant in which metal or minerals are extracted from an ore or concentrate, or in which metallic products of a smelting process are refined to higher purity.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">roasting</font></b><font size="2">: the treatment of sulphide ore or concentrate by heat and air, or oxygen-enriched air, in order to oxidize sulphides and remove other elements.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">semi-autogenous grinding (SAG)</font></b><font size="2">: a method of grinding rock into fine particles in which the rock itself performs some of the function of a grinding medium, such as steel balls. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">shaft</font></b><font size="2">: a vertical or inclined passageway to an underground mine through which a mine is worked, </font><i><font size="2">e.g.,</font></i><font size="2">&nbsp;for ventilation, moving personnel, equipment, supplies and material, including ore and waste rock. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">slag</font></b><font size="2">: a substance formed by way of chemical action and fusion at furnace operating temperatures: a by-product of the smelting process.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">smelter</font></b><font size="2">: a plant in which concentrates are processed into an upgraded product by application of heat.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">stope</font></b><font size="2">: an underground excavation formed by the extraction of ore.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">strike</font></b><font size="2">: the direction, course or bearing taken by a structural surface as it intersects the horizontal.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">sulphide</font></b><font size="2">: a mineral compound containing sulphur but no oxygen.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">supergene</font></b><font size="2">: near-surface ore that has been subject to secondary enrichment by weathering.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">SX-EW</font></b><font size="2">: an abbreviation for Solvent Extraction &ndash; Electrowinning, a hydrometallurgical process to produce cathode copper from leached copper ores.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">synthetic crude oil</font></b><font size="2">: crude oil produced by upgrading bitumen to a mixture of hydrocarbons similar to light crude oil produced either by the removal of carbon (coking) or the addition of hydrogen (hydrotreating) which alters the original hydrocarbon mark in the upgrading process.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">tailings</font></b><font size="2">: the effluent that remains after recoverable metals have been removed from the ore during processing.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- viii -</font></a></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">thermal coal</font></b><font size="2">: coal that is used primarily for its heating value and that tends not to have the carbonization properties possessed by metallurgical coals.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">treatment and refining charges: </font></b><font size="2">the charge a mine pays to a smelter to cover the cost of conversion of concentrates into refined metal.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">TV:BIP</font></b><font size="2">: means a measure of the total volume mined relative to the bitumen in-place and expressed as cubic metres of material mined per cubic metre of bitumen.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">upgrading</font></b><font size="2">: means the process of converting bitumen into synthetic crude oil.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- ix -</font></a></p>

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            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">CORPORATE STRUCTURE</font></b></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">NAME, ADDRESS AND INCORPORATION</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Cominco Limited, previously Teck Corporation, was continued under the </font><i><font size="2">Canada Business Corporations Act </font></i><font size="2">in 1978. It is the continuing company resulting from the merger in 1963 of the interests of The Teck-Hughes Gold Mines Ltd., Lamaque Gold Mines Limited and Canadian Devonian Petroleum Ltd., companies incorporated in 1913, 1937 and 1951
            respectively. Over the years, several other reorganizations have been undertaken. These include our merger with Brameda Resources Limited and The Yukon Consolidated Gold Corporation in 1979, the merger with Highmont Mining Corporation and Iso Mines Limited in 1979, the consolidation with Afton Mines Ltd. in 1981, the merger with Copperfields Mining Corporation in 1983, and the merger with Cominco Ltd. in 2001. On July 23, 2001, Cominco Ltd. changed its name to Teck Cominco Metals
            Ltd. and on September 12, 2001, we changed our name to Teck&nbsp;Cominco Limited. On January 1, 2008, we amalgamated with our wholly-owned subsidiary, Aur Resources Inc., by way of vertical short form amalgamation under the name Teck Cominco Limited.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Since 1978, the Articles of Teck have been amended on several occasions to provide for various series of preferred shares and other corporate purposes. On January 19, 1988, our Articles were amended to provide for the subdivision of our Class A common shares and Class&nbsp;B subordinate voting shares on a two-for-one basis. On September 12, 2001, the Articles were amended to effect the name change
            described above and to convert each outstanding Class A common share into one new Class&nbsp;A common share and 0.2 Class B subordinate voting shares and to enact &ldquo;coattail&rdquo; takeover bid protection in favour of the Class B subordinate voting shares. Effective May 7, 2007, our Articles were amended to subdivide our Class A common shares and Class B subordinate voting shares on a two-for-one basis. See &ldquo;Description of Capital Structure&rdquo; at page 49 of this
            Annual Information Form for a description of the attributes of the Class A common shares and Class B subordinate voting shares.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The registered and principal offices of Teck are located at 550 Burrard Street, Vancouver, British Columbia.</font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: left"><b><font size="2">INTERCORPORATE RELATIONSHIPS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our financial statements consolidate the accounts of all of our subsidiaries. Our material subsidiaries as at December 31, 2008 that are wholly-owned are listed below. Indentation indicates that the voting securities of the relevant subsidiary are held by the subsidiary listed immediately above.</font></p>

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                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><br>
                            <b><font size="2">Company Name</font></b></p>
                        </td>

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                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Jurisdiction of Incorporation/Formation/</font></b><br>
                            <b><font size="2">Continuation</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 13.65pt" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.65pt" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">AurCay Holdings Inc.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.65pt" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Cayman Islands</font></p>
                        </td>
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                    <tr style="HEIGHT: 13.65pt" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.65pt" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Canada Tungsten (Cayman) Inc.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.65pt" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Cayman Islands</font></p>
                        </td>
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                    <tr style="HEIGHT: 13.65pt" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.65pt" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Financial Ltd.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.65pt" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Bermuda</font></p>
                        </td>
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                    <tr style="HEIGHT: 10.35pt" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 10.35pt" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 15pt; TEXT-ALIGN: justify"><font size="2">Teck Base Metals Ltd.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 10.35pt" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Bermuda</font></p>
                        </td>
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                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Cominco Metals Ltd. </font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Canada</font></p>
                        </td>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Fording Limited Partnership</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Alberta</font></p>
                        </td>
                    </tr>

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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Teck Cominco Coal Partnership</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">British Columbia</font></p>
                        </td>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- x -</font></a></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                            <p>&nbsp;</p>

                            <p><strong><font size="2">Company Name</font></strong></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="top" width="244">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Jurisdiction of Incorporation/Formation/</font></b><br>
                            <b><font size="2">Continuation</font></b></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 15pt; TEXT-ALIGN: justify"><font size="2">Teck Coal Partnership</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Alberta</font></p>
                        </td>
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                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 26.25pt; TEXT-ALIGN: justify"><font size="2">Elkview Limited Partnership</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Alberta</font></p>
                        </td>
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                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Cominco Mining Partnership</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">British Columbia</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 17.25pt; TEXT-ALIGN: justify"><font size="2">Teck American Incorporated</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Washington, U.S.A.</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Teck Alaska Incorporated </font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Alaska, U.S.A.</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">TeckGold Limited</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Canada</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 17.25pt; TEXT-ALIGN: justify"><font size="2">Teck Colorado Inc.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Colorado, U.S.A.</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="238">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 32.25pt; TEXT-ALIGN: justify"><font size="2">Teck-Pogo Inc.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Alaska, U.S.A.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In addition to the wholly-owned subsidiaries listed above, we own, directly or indirectly: </font></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="36">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(i)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">a 97.5% partnership interest in the Highland Valley Copper partnership; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="36">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(ii) </font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">a 20% limited partnership interest in Fort Hills Energy Limited Partnership; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="36">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(iii)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">through AurCay Holdings Inc., a 76.5% interest in Compa&ntilde;ia Minera Quebrada Blanca S.A.;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="36">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(v)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">through AurCay Holdings Inc. and Canada Tungsten (Cayman) Inc., a 90% interest in Carmen de Andacollo S.A.; and</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="36">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(vi)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">through Teck Base Metals Ltd., a 22.5% indirect share interest in Compa&ntilde;&iacute;a Minera de Antamina S.A., which owns the Antamina copper, zinc mine in Peru.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.38in; TEXT-INDENT: -0.38in; TEXT-ALIGN: justify"><font size="2">The following chart sets out the relationships among our material subsidiaries.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="346">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="225">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 1</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.38in; TEXT-INDENT: -0.38in; TEXT-ALIGN: justify"><img src="img2.gif"><br>
            </p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">GENERAL DEVELOPMENT OF THE BUSINESS</font></b></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">THREE-YEAR HISTORY</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">2006</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Prices for our principal products increased in 2006. LME cash zinc and copper prices averaged US$1.49 and US$3.05 per pound respectively compared with US$0.63 and US$1.67 per pound in 2005. Molybdenum prices declined somewhat to US$25 per pound compared to US$32 per pound in 2005. Realized coal prices increased from US$99 per tonne to US$113 per tonne in 2006. Revenues increased significantly over
            2005, due mainly to substantially higher copper and zinc prices and higher refined metal sales from the Trail operations. Commodity price increases were offset somewhat by a weaker U.S. dollar. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In April 2006, we announced that we were further increasing the semi-annual dividend on our Class A common and Class B subordinate voting shares, commencing with the dividend payable to shareholders of record on June 19, 2006, from $0.40 per share to $1.00 per share.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On May 8, 2006, we announced an offer to acquire all of the outstanding common shares of Inco Limited. We subsequently amended and extended our offer. The offer expired on August 17, 2006 when insufficient shares were tendered to satisfy the minimum tender condition. In December 2006, we tendered all of our Inco shares to a competing bid for cash proceeds of $770&nbsp;million. After the settlement of
            our Inco exchangeable debentures and payment of transaction costs related to our offer for Inco, our pre-tax gain on the disposition of our investment in Inco was $120 million.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="346">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="225">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 2</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On June 29, 2006, our Class B subordinate voting shares were listed on the New York Stock Exchange under the ticker symbol &ldquo;TCK&rdquo;. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In January 2006, Ronald J. Vance was appointed our Senior Vice President, Corporate Development. In May 2006, Peter G. Kukielski was appointed our Executive Vice President and Chief Operating Officer and in August 2006, Boyd Payne was appointed President and Chief Executive Officer of Elk Valley Coal Partnership. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">During the year, new collective agreements were entered into at the Line Creek, Elkview and Fording River coal mines, the Antamina copper, zinc mine in Peru and the Highland Valley copper mine. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In June 2006, we completed the exchange of approximately $112 million principal amount of exchangeable debentures due 2024 and issued 11,489,368 Class B subordinate voting shares in connection with the transaction.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our cash and temporary investments as at December 31, 2006 were $5.3 billion and long-term debt was $1.5 billion. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">2007</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In 2007, prices for our principal products mainly declined during the year, although annual average prices for zinc and copper were relatively unchanged at US$1.47 and US$3.23 per pound, respectively, compared with US$1.49 and US$3.05 in 2006. The lead price increased substantially to an average of US$1.17 per pound compared with US$0.59 in 2006. Realized coal prices decreased from US$113 per tonne
            to US$98 per tonne in 2007. A weaker U.S. dollar adversely affected our revenues. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On April 19, 2007, we announced that we had agreed with UTS Energy Corporation to acquire a 50% interest in an Alberta oil sands lease known as &ldquo;Lease 14&rdquo; for a purchase price based on a value of $1.00 per barrel of recoverable bitumen as determined by an independent estimate. In December 2007, the purchase price for our 50% interest was confirmed to be $200 million. During 2007 we also
            acquired a 50% interest in other oil sands leases in joint venture with UTS. At year end, we had a 50% interest in oil sands leases totaling approximately 285,000 acres (in addition to those held by the Fort Hills Energy Limited Partnership).</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Effective May 7, 2007, our Class A common shares and Class B subordinate voting shares were subdivided on a two-for-one basis. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On May 23, 2007, we announced the formation of a partnership to develop the Galore Creek copper-gold mine in northwestern British Columbia. To earn our 50% interest in the Galore Creek Partnership, we agreed to fund $528 million in construction costs. Construction activities at the project were suspended in the fourth quarter of 2007 as a result of our review of the first season of construction and a
            more detailed engineering study that predicted substantially higher capital costs and a longer construction schedule for the project. By agreement with our partner, NovaGold Resources Inc., at the time of the suspension, our funding obligations in connection with the project were amended. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On July 3, 2007, we announced a friendly $4.1 billion cash and share offer to acquire all of the outstanding shares of Aur Resources Inc. (&ldquo;Aur&rdquo;), a Canadian-based copper producer with operating mines in Chile and Canada. On August 22, 2007, we acquired approximately 93% of the outstanding shares of Aur. On September 28, 2007, we acquired the remaining Aur shares by way of compulsory
            </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="326">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="245">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 3</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">acquisition under the </font><i><font size="2">Canada Business Corporations Act</font></i><font size="2">, and effective January 1, 2008, Aur amalgamated with Teck Cominco Limited under the name &ldquo;Teck Cominco Limited&rdquo;.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In August 2007, Tim Watson was appointed our Senior Vice President, Project Development.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In September 2007, we agreed with UTS Energy Corporation and Petro-Canada to subscribe for an additional 5% interest in the Fort Hills Energy Limited Partnership by funding an additional $375 million of partnership expenditures beyond our current earn-in obligations. As a result, we own a 20% interest in the partnership. We will satisfy the subscription price for the additional interest by
            contributing 27.5% of Fort Hills project expenditures after project spending reaches $2.5 billion and before project spending reaches $7.5 billion. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On September 24, 2007, we announced our indirect acquisition of 16.65 million units of Fording Canadian Coal Trust (&ldquo;FCCT&rdquo;), representing approximately 11.25% of the outstanding units, for cash consideration of $599 million. This increased our interest in FCCT to approximately 19.95%. We must pay additional amounts to the vendor if prior to July 31, 2008 we make an offer or announce an
            intention to acquire more than 50% of the outstanding FCCT units, and a transaction is subsequently completed, or if we sell FCCT units, in either case at a price in excess of $36 per unit.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our cash and temporary investments as at December 31, 2007 were $1.4 billion as against long term debt of $1.5 billion.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">2008</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In 2008, apart from coal, which more than doubled in price, prices for our principal products declined further. Annual average prices for zinc and copper were US$0.85 and US$3.17 per pound, respectively, compared with US$1.47 and US$3.23 per pound in 2007. The lead price declined to an average of US$0.95 per pound, compared with US$1.17 in 2007. Realized coal prices increased substantially from US$98
            per tonne in 2007 to US$205 per tonne in 2008. While average prices for the year were down only modestly from 2007, commodity prices declined rapidly and substantially in the fourth quarter of 2008 as a consequence of the global economic slowdown. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On April 14, 2008 we agreed with Global Copper Corp. to acquire Global by way of an arrangement pursuant to which Global&rsquo;s assets, other than its principal asset, the Relincho copper/molybdenum deposit located in Northern Chile, would be transferred to a new corporation, Lumina Copper Corp. The transaction effectively valued the Relincho project at approximately $424 million, and we issued 6.9
            million Class B subordinate voting shares and paid approximately $137 million in cash in connection with the transaction. The transaction closed on August 1, 2008.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In June 2008, Roger Higgins was appointed our Senior Vice President, Copper.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On July 14, 2008 we announced, together with our partner Xstrata Zinc, that the Lennard Shelf zinc mine in Western Australia had become uneconomic as a result of low zinc prices, a stronger Australian dollar, high operating costs and lower than planned production. Lennard Shelf was closed in August, 2008.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On July 29, 2008 we announced that we had agreed with FCCT to acquire 100% of FCCT&rsquo;s assets, consisting principally of a royalty in respect of FCCT&rsquo;s 60% non-operating interest in the Elk Valley Coal Partnership (now Teck Coal Partnership). The purchase price was approximately $13.6 billion and was </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 4</font></a></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">funded with approximately 36.8 million Class B subordinate voting shares valued at $1.5 billion and $12.1 billion of cash. The transaction closed on October 30, 2008. See &ldquo;Significant Acquisitions&rdquo; below. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Engineering work for the Fort Hills oil sands project continued during the year. In September, the partners in Fort Hills announced that preliminary results from the front end engineering and design work suggested that the estimated capital costs for the first phase of the mine and upgrader portions of the Fort Hills project had increased substantially. In November, the Fort Hills partners announced
            that they would defer a final investment decision on the mining portion of the Fort Hills project until a revised cost estimate more consistent with the current market environment could be established. The partners also announced that the upgrader portion of the project would be put on hold.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In October 2008 we announced an internal reorganization involving the creation of five separate business units focusing on copper, metallurgical coal, zinc, gold and energy, respectively, and that we proposed to seek approval at the annual meeting of Teck in April 2009 for the name of the Company to be changed to Teck Resources Ltd.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In December 2008 we announced the suspension of operations at the Pend Oreille mine in Washington State, as a result of low zinc prices.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our cash and temporary investments as at December 31, 2008 were $861 million against total debt of $12.9 billion.</font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">SIGNIFICANT ACQUISITIONS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Pursuant to an arrangement transaction which closed on October 30, 2008 (the &ldquo;Acquisition&rdquo;), Teck acquired 100% of the assets of FCCT, which consist principally of a royalty in respect of FCCT&rsquo;s 60% non-operating interest in the Elk Valley Coal Partnership, which was renamed Teck Coal Partnership (&ldquo;Teck Coal&rdquo;) on closing of the transaction. An affiliate of Teck is the
            managing partner of Teck Coal. Prior to the Acquisition Teck owned a 52% effective interest in Teck Coal through its 40% direct interest in Teck Coal and ownership of 19.6% of the outstanding units of FCCT.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">As a result of the Acquisition, Teck owns indirectly 100% of Teck Coal.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In aggregate, Teck paid US$12.1 billion in cash and issued 36,828,787 million Teck Class B subordinate voting shares in connection with the Acquisition. The cash portion of the consideration was funded by a US$5.81 billion 364 day bridge credit facility and a US$4 billion three-year amortizing term loan facility, approximately US$2.4 billion of proceeds from the sale of the FCCT units held by Teck
            prior to closing, and cash on hand. Teck filed a business acquisition report in respect of the Acquisition on Form 51-102 F4 on November 13, 2008.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">DESCRIPTION OF THE BUSINESS</font></b></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">GENERAL</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck is engaged primarily in the exploration for, and the development and production of, natural resources. We have interests in the following principal mining and processing operations as at March 4, 2009:</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 5</font></a></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="center">
                <table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="438" border="0">
                    <tr style="HEIGHT: 17.1pt" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 17.1pt" valign="top" width="141">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 17.1pt" valign="top" width="155">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Type of Operation</font></b></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 17.1pt" valign="top" width="142">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Jurisdiction</font></b></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Antamina</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Copper/Zinc Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Ancash, Peru</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 8.1pt" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.1pt" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Highland Valley</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.1pt" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Copper/Molybdenum Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.1pt" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">British Columbia, Canada</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Quebrada Blanca</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Copper Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Chile</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Andacollo</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Copper Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Chile</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Duck Pond </font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Copper/Zinc Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Newfoundland, Canada</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Trail</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Zinc/Lead Refinery</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">British Columbia, Canada</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Red Dog</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Zinc/Lead Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Alaska, USA</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Elkview</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Coal Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">British Columbia, Canada</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Fording River</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Coal Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">British Columbia, Canada</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Greenhills</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Coal Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">British Columbia, Canada</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Coal Mountain</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Coal Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">British Columbia, Canada</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Line Creek</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Coal Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">British Columbia, Canada</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Cardinal River</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Coal Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Alberta, Canada</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 8.1pt" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.1pt" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">David Bell/Williams</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.1pt" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Gold Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.1pt" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Ontario, Canada</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 8.1pt" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.1pt" valign="top" width="141">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Pogo</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.1pt" valign="top" width="155">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Gold Mine</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.1pt" valign="top" width="142">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Alaska, USA</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our principal products are copper concentrate and copper cathode, metallurgical coal and gold, as well as zinc concentrate and refined zinc. Molybdenum is a significant by-product of our copper operations and lead is a significant by-product of our zinc operations. Other products include silver, various specialty metals, chemicals and fertilizers. We also sell electrical power that is surplus to our
            requirements at the Trail metallurgical operations. We have a 20% interest in the Fort Hills Energy Limited Partnership, which is developing the Fort Hills oil sands project in Alberta, and a 50% interest in certain other oil sands leases in Alberta at various stages of exploration. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The following table sets out our revenue by product for each of our last two financial years:</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 1in; TEXT-ALIGN: justify"><b><font size="2">Revenue by product </font></b></p>

            <div align="center">
                <table style="MARGIN-LEFT: 60.5pt" cellspacing="0" cellpadding="0" width="438" border="0">
                    <tr style="HEIGHT: 32.85pt" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="96">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="90">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">2008</font></b></p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">$(billions)</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="78">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 48pt; TEXT-ALIGN: right">&nbsp;</p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 19.5pt; TEXT-ALIGN: center"><b><font size="2">%</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="96">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">2007</font></b></p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">$(billions)</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="78">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 48pt; TEXT-ALIGN: right">&nbsp;</p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 19.5pt; TEXT-ALIGN: center"><b><font size="2">%</font></b></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="96">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Copper<sup>(1)</sup></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="90">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1.827</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">27</font><b><font size="2">%</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="96">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1.753</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">28%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Zinc<sup>(2)</sup></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1.056</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">15</font><b><font size="2">%</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1.989</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Coal</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2.428</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">35</font><b><font size="2">%</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: right"><font size="2">951</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">15%</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 7.65pt" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 7.65pt" valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Other<sup>(3)</sup></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 7.65pt" valign="top" width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1.593</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 7.65pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: right"><font size="2">23</font><b><font size="2">%</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 7.65pt" valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1.678</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 7.65pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">26%</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 7.65pt" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 7.65pt" valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><b><font size="2">Total</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 7.65pt" valign="top" width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6.904</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 7.65pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><b><font size="2">100%</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 7.65pt" valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><b><font size="2">6.371</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 7.65pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><b><font size="2">100%</font></b></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(1)</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Copper revenues include sales of copper concentrate and cathode copper </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(2)</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Zinc revenues include sales of refined zinc and zinc concentrate</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="96">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(3)</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Other revenues include sales of gold, silver, lead, molybdenum, various specialty metals,</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 1.5in; TEXT-ALIGN: justify"><font size="2">chemicals, fertilizer and electrical power </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">Product Summary</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Copper</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We produce both copper concentrates and cathode copper. Our principal market for copper concentrates is Asia, with lesser amounts sold in Europe and North America. Copper concentrates produced at Highland Valley Copper are distributed to customers in Asia by rail to a storage facility in Vancouver, </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="331">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="240">
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">British Columbia, and from there by ship. Copper concentrates produced at Antamina are transported by a slurry pipeline to a port at Huarmey, Peru and from there by ship to customers in Europe, Asia and North America. Copper cathode from our Quebrada Blanca and Andacollo mines is trucked from the mines and sold in the spot market.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The copper business is cyclical. Treatment charges rise and fall depending upon the supply of copper concentrates in the market and the demand for custom copper concentrates by the copper smelting and refining industry. Prices for copper cathode also rise and fall as a result of changes in demand for, and supply of, refined copper metal.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Zinc</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our principal markets for zinc concentrates are Asia and Europe. Approximately 25% of Red Dog&rsquo;s concentrate production is sold to our metallurgical operations at Trail, BC. The balance of Red Dog&rsquo;s production is distributed to customers in Europe and Asia by ship.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our principal markets for refined zinc are the United States and Asia. Refined zinc produced at Trail is distributed to customers in the United States by rail and/or truck and to customers in Asia by ship. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">All of our revenues from sales of refined zinc and zinc concentrates (other than zinc concentrates produced at our mines and treated at Trail) are derived from sales to third parties. We strive to differentiate our products by producing the alloys, sizes and shapes best suited to our major customers&rsquo; needs. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Trail&rsquo;s supply of zinc and lead concentrates other than those sourced from our own mines is provided through long-term and spot contracts with mine producers in North America, South America and Australia.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We have substantial long-term frame contracts for the sale of zinc concentrates from the Red Dog mine to customers in Asia and Europe. A portion of Red Dog concentrates are processed at Trail.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Treatment and refining charges rise and fall depending upon the supply of zinc concentrates in the market and the demand for custom zinc concentrates by the zinc smelting and refining industry.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Refined zinc is used primarily for galvanizing steel, and prices and premiums are highly dependent on the demand for steel products.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Metallurgical Coal</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our principal markets for metallurgical coal are the hard coking coal markets in Asia and Europe. Teck Coal is the second largest supplier of seaborne hard coking coal in the world. Hard coking coal is a type of metallurgical coking coal used primarily for making coke by integrated steel mills, which account for substantially all global production of primary (i.e. non-recycled) steel.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Processed coal is primarily shipped by rail to the Westshore and Neptune Terminals in the lower mainland of British Columbia and from there by ship to customers, or directly by rail to North American customers or by rail and ship through Thunder Bay Terminals in Thunder Bay, Ontario. Rail service to the five Elk Valley mines is provided by Canadian Pacific Railway, and Canadian National Railway
            provides rail service to the Cardinal River mine in central Alberta.</font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Substantially all of Teck Coal&rsquo;s production is sold under evergreen or long-term agreements with coal prices and volumes that are negotiated annually. In response to decreased realized sales in the metallurgical coal markets resulting from the 2008 global financial crisis Teck Coal has made increased spot sales of thermal coal in the fourth quarter of 2008 and the first quarter of
            2009.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Coal competes primarily with producers in Australia and the United States. The supply of coal in global markets and the demand for hard coking coal among world steel producers has historically provided for a competitive seaborne market. Coal pricing is generally established in US dollars and the competitive positioning among producers can be significantly affected by exchange rates. The
            competitive position of Teck Coal continues to be determined primarily by the quality of its various coal products and its reputation as a reliable supplier, as well as by its production and transportation costs compared to other producers throughout the world.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The seaborne hard coking coal markets are cyclical in nature. Over-supply in the years 1997 &ndash; 2000 and the economic downturn in a number of Asian countries caused prices to drop by more than 30%. Demand strengthened in 2003 and prices strengthened significantly through 2004 and 2005. In 2006 and 2007 hard coking coal prices moderated slightly from record levels in 2005, in part due to
            substitution by consumers of lower quality coking coals for hard coking coal.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Coal contracts for the 2008 contract year saw U.S. dollar coal prices increase significantly in comparison to 2007 due to strengthened demand for global steel production coupled with constrained coal exporting capacity and severe January 2008 flooding in the Australian coking coal production region. While coal contracts for the 2009 contract year have not been finalized, current market sentiment and
            decreasing global demand for steel suggest that 2009 U.S. dollar coal prices will decrease significantly in comparison to 2008. Teck Coal expects to reduce 2009 production to approximately 20 million tonnes of metallurgical coal.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">INDIVIDUAL OPERATIONS</font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">Copper</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Copper Operations</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Antamina Mine, Peru (Copper, Zinc) </font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We own indirectly 22.5% of the Antamina copper, zinc mine in Peru, with the balance held indirectly by BHP Billiton (33.75%), Xstrata plc (33.75%) and Mitsubishi Corporation (10%). The participants&rsquo; interests are represented by shares of Compa&ntilde;&iacute;a Minera Antamina S.A. (&ldquo;CMA&rdquo;), the Peruvian company that owns and operates the project. Our interest is subject to a net
            profits royalty of 1.667% on the project&rsquo;s free cash flow after recovery of capital costs and an interest factor on 60% of project expenditures. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Antamina project property consists of numerous mining concessions and mining claims (including surface rights) covering an area of approximately 14,000 hectares. CMA also owns a port facility located at Huarmey and an electrical substation located at Huallanca. In addition, CMA holds title to all easements and rights of way for the 302 kilometre concentrate pipeline from the mine to CMA&rsquo;s
            port at Huarmey.</font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 8</font></a></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The deposit is located at an average elevation of 4,200 metres, 385 kilometres by road and 270&nbsp;kilometres by air north of Lima, Peru. Antamina lies on the eastern side of the Western Cordillera in the upper part of the Rio Mara&ntilde;on basin, a tributary of the Amazon River.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The mine is an open pit, truck/shovel operation. The ore is crushed at the rim of the pit and conveyed through a 2.7 kilometre tunnel to a coarse ore stockpile at the mill. It is then processed utilizing a SAG mill, followed by ball mill grinding and flotation to produce separate copper, zinc, molybdenum and lead/bismuth concentrates. A 302 kilometre-long slurry concentrate pipeline, approximately 22
            centimetres in diameter, with a single pump station at the minesite transports copper and zinc concentrates to the port where they are dewatered and stored prior to loading onto vessels for shipment to refineries and smelters world-wide.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Power for the mine is taken from the Peru national energy grid through an electrical substation constructed at Huallanca. Water requirements are sourced from a dam-created reservoir upstream from the tailings impoundment facility. The tailings impoundment facility is located next to the mill and waste dumps are located adjacent to the pit. Fresh water from mill operations is collected and contained
            in the tailings impoundment area. Mill process water is reclaimed from the tailings pond. The operation is subject to water and air permits issued by the Government of Peru and is in material compliance with those permits. The operation holds all of the permits that are material to its operations.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Antamina polymetallic deposit is skarn-hosted. It is unusual in its persistent mineralization and predictable zonation, and has a SW-SE strike length of more than 2,500 metres and a width of up to 1,000&nbsp;metres. The deposit is located mainly between elevation 4,350 and 3,790 metres, but outcrops up to elevation 4,650 metres. The deepest drill hole, which terminated at 3,632 metres elevation,
            was still in mineralized skarn. The skarn is well zoned symmetrically on either side of the central intrusion with the zoning used as the basis for four major subdivisions being a brown garnet skarn, green garnet skarn, wollastonite/diopside/green garnet skarn and a marbleized limestone with veins or mantos of wollastonite. Other types of skarn, including the massive sulphides, massive magnetite, and chlorite skarn, represent the remainder of the skarn and are randomly distributed
            throughout the deposit. The variability of ore types can result in significant changes in the relative proportions of copper and zinc produced in any given year.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Proven and probable reserves are sufficient for a remaining mine life at current production rates of approximately 22 years. In August 2008, Antamina announced a revised resource estimate, which represented a significant increase in resources.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Antamina has entered into long-term copper and zinc concentrate agreements with major smelting companies and refineries which in aggregate account for over 85% of the mine&rsquo;s production of copper and zinc concentrates. The price of copper and zinc concentrate under these long-term sales agreements is based on LME prices during quotational periods determined with reference to the time of
            delivery, with treatment and refining charges negotiated with reference to current world market terms. The remaining copper and zinc concentrate is sold to affiliates of the Antamina project sponsors. Molybdenum concentrates are sold to third party refiners on market terms.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Highland Valley Mine, Canada (Copper)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We have an aggregate 97.5% partnership interest in the Highland Valley copper mine located near Kamloops, British Columbia. The remaining 2.5% is held indirectly by third parties through their interests in Highmont Mining Company. Highland Valley is also a significant producer of molybdenum.</font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our current interest is held through an 11.4% direct interest in the Highland Valley Copper Partnership (&ldquo;HVC&rdquo;) and a 50.001% interest in Highmont Mining Company, which holds a 5% interest in HVC. Our remaining 83.6% interest is held directly and indirectly through Teck Cominco Metals. The property comprising the Highland Valley Copper mine consists of mineral leases, mineral claims and
            crown grants which will be kept in good standing beyond the shutdown of operations. The mine covers a surface area of approximately 34,000 hectares and HVC holds the surface rights to that area pursuant to various leases, claims and licenses.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Highland Valley mine is located adjacent to a highway connecting Merritt, Logan Lake, and Ashcroft, British Columbia. The mine is approximately 80 kilometres southwest of Kamloops, and approximately 200 kilometres northeast of Vancouver. The mine operates throughout the year. Power is supplied by B.C. Hydro through a 138kv line which terminates at the Trans Canada Highway west of Spuzzum in the
            Thompson Valley. Mine personnel live in nearby areas, primarily Logan Lake, Kamloops, Ashcroft, Cache Creek, and Merritt.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The mine is an open pit operation. The mill, which uses semi-autogenous grinding and conventional flotation to produce metal in concentrate from the ore, has the capacity to process 136,000 tonnes of ore per day. Based on the current life-of-mine plan, Highland Valley is expected to operate until 2019. Water from mill operations is collected and contained in a tailings impoundment area. Mill process
            water is reclaimed from the tailings pond. The operation is subject to water and air permits issued by the Province of British Columbia and is in material compliance with those permits. The operation holds all of the permits that are material to its operations.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Ore is mined from two main sources, the Lornex and Valley pits, as well as from the Highmont pit. These are located in the Guichon Batholith which hosts all of the ore bodies located in the area. The Lornex ore body occurs in Skeena Quartz Diorite host rock, intruded by younger pre-mineral Quartz Porphyry and Aplite Dykes. The Skeena Quartz Diorite is an intermediate phase of the Guichon Batholith
            and is generally a medium to coarse grained equigranular rock distinguished by interstitial quartz and moderate ferromagnesian minerals. The sulphide ore is primarily fracture fillings of chalcopyrite, bornite and molybdenite with minor pyrite, magnetite, sphalerite and galena.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The host rocks of the Valley deposit are mainly porphyritic quartz monzonites and granodiorites of the Bethsaida phase of the Batholith. These rocks are medium to coarse-grained with large phenocrysts of quartz and biotite. The rocks of the deposit were subjected to hydrothermal alteration followed by extensive quartz veining, quartz-sericite veining, and silicification. Bornite, chalcopyrite and
            molybdenum were introduced with the quartz and quartz-sericite veins and typically fill angular openings in them. Accessory minerals consist of hornblende, magnetite, hematite, sphene, apatite and zircon. Pre-mineral porphyry and aplite dykes intrude the host rocks of the deposit.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Concentrates are transported by rail to customers in North America and to a port in Vancouver for export overseas, with the majority being sold under long-term sales contracts to smelters in several countries. Treatment and refining charges under long term contracts are negotiated annually on a &ldquo;brick&rdquo; system, under which annual negotiated treatment charges are averaged with prior
            years&rsquo; terms. The balance is sold on the spot market.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Quebrada Blanca Mine, Chile (Copper)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Quebrada Blanca property is owned by a Chilean private company, Compania Minera Quebrada Blanca S.A. (&ldquo;CMQB&rdquo;). We own 90% of the Series A shares of CMQB. Inversiones Mineras S.A. </font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">(&ldquo;IMSA&rdquo;), a Chilean private company, owns 10% of the Series A shares and 100% of the Series C shares of CMQB. Empresa Nacional de Minera (&ldquo;ENAMI&rdquo;), a Chilean government entity, owns 100% of the Series B shares of CMQB. When combined with the Series B and Series C shares of CMQB, our 90% holding of the Series A shares equates to a 76.5% interest in CMQB&rsquo;s total share
            equity.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">CMQB owns the exploitation and/or exploration rights over an area of approximately 80 square kilometres in the immediate area of the Quebrada Blanca deposit pursuant to various mining concessions and other rights. In addition, CMQB owns surface rights covering the mine site and other areas aggregating approximately 3,150 hectares as well as certain other exploration rights in the surrounding area and
            certain water rights.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Quebrada Blanca mine is located in northern Chile approximately 170 kilometres southeast of the port city of Iquique and 1,500 kilometres north of the city of Santiago, the capital of Chile. Access to the mine site is via road from Iquique.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Quebrada Blanca is an open pit mine that produces an average of 22,000 tonnes per day of heap leach ore and 39,000 tonnes per day of lower grade dump leach ore. Copper bearing solutions are collected from the heap and dump leach pads for processing in an SX-EW plant which produces copper cathode. The SX-EW plant has a capacity of approximately 85,000 tonnes of copper cathode per year. Copper cathode
            is trucked to Iquique for shipment to purchasers. Based on the current life-of-mine plan, and not accounting for the hypogene mineralization described below, Quebrada Blanca has an expected remaining mine life of approximately 8 years. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Quebrada Blanca orebody is a porphyry copper deposit located in a 30-40 km wide belt of volcanic and sedimentary rocks which contains a number of the world&rsquo;s largest copper mines including Collahuasi (10 km to the east) and Chuquicamata (190 km to the south). All of these deposits are spatially related to a major north-south fault, the West Fissure Fault, or to splays off this
            fault.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Quebrada Blanca orebody occurs within a 2 km x 5 km quartz monzonite intrusive stock. Supergene enrichment processes have dissolved and redeposited primary (hypogene) chalcopyrite as a blanket of supergene copper sulphides, the most important being chalcocite and covellite, with lesser copper oxides/silicates such as chrysocolla in the oxide zone. The supergene mineralization averages 80 metres
            in thickness and is, for the most part, overlain by a 100 metre thick, low grade or waste leached cap and unmineralized rock and gravels. Irregular transition zones, with (locally) faulted contacts separate the higher and lower grade supergene/dump leach ores from the leached cap and hypogene zones.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Approximately 500 tonnes per month of copper cathode is sold pursuant to a frame agreement with a metals trading entity. The remaining copper cathode is sold on the spot market. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In late 2007, we completed a 200 metre spaced drill program to define the hypogene mineralization exposed in the bottom of the current open pit at Quebrada Blanca. On March 3, 2008, we announced the completion of an estimate of an inferred resource for the hypogene mineralization (see &ldquo;Mineral Reserves and Resources&rdquo;). Copper grade continuity in the mine area has been confirmed in all
            holes completed to date terminate in mineralization, leaving the deposit open at depth. The lateral extent of the deposit remains undefined. Development and exploitation of the hypogene resource would require construction of a concentrator, tailings facility and associated infrastructure. Development of the hypogene deposit will require various environmental and other permits and governmental authorizations, and may require additional water rights. Engineering studies have been
            largely suspended at present in light of current economic conditions.</font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Andacollo Mine, Chile (Copper)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Andacollo property is owned by a Chilean private company, Compa&ntilde;&iacute;a Minera Carmen de Andacollo (&ldquo;CDA&rdquo;). We own 100% of the Series A shares of CDA while ENAMI owns 100% of the Series B shares of CDA. Our Series A shares of CDA and the Series B shares, respectively, equate to 90% and 10% of CDA&rsquo;s total share equity.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">CDA owns the exploitation and/or exploration rights over an area of approximately 206 square km in the area of the Andacollo supergene and hypogene deposits pursuant to various mining concessions and other rights. In addition, CDA owns the surface rights covering the mine site and other areas aggregating approximately 21 square km as well as certain water rights. CDA has, since 1996, been conducting
            mining operations on the supergene deposit on the Andacollo property which overlies the hypogene deposit.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Andacollo property is located in Coquimbo Province in central Chile. The site is adjacent to the town of Andacollo, approximately 55 km southeast of the city of La Serena and 350 km north of Santiago. Access to the Andacollo mine is by paved roads from La Serena. The mine is located near the southern limit of the Atacama Desert at an elevation of approximately 1,000 metres. The climate around
            Andacollo is transitional between the desert climate of northern Chile and the Mediterranean climate of the Santiago area.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Andacollo mine is an open pit mine producing approximately 10,500 tonnes of ore per day. Ore is transported to heap leach pads with a certain amount of lower grade ore being processed through dump leaching. Copper bearing solutions are processed in an SX-EW plant to produce LME grade A copper cathode.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Andacollo orebody is a porphyry copper deposit consisting of disseminated and fracture-controlled copper mineralization contained within a gently dipping sequence of andesitic to trachytic volcanic rocks and sub-volcanic intrusions. The mineralization is spatially related to a feldspar porphyry intrusion and a series of deeply rooted fault structures. A primary copper-gold sulphide deposit (the
            &ldquo;Hypogene Deposit&rdquo;) containing principally disseminated and quartz vein-hosted chalcopyrite mineralization lies beneath the supergene deposit. The Hypogene Deposit was subjected to surface weathering processes resulting in the formation of a barren leached zone from 10 to 60 metres thick. The original copper sulphides leached from this zone were re-deposited below the barren leached zone as a copper-rich zone comprised of copper silicates (chrysocolla) and supergene
            copper sulphides (chalcocite with lesser covellite). </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Approximately 1,200 tonnes per month of copper cathode produced by Andacollo in 2007 has been sold to a metal trading entity pursuant to a frame contract. The remaining Andacollo copper cathode production is sold in the spot market.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Andacollo is currently mining supergene mineralization. A hypogene deposit beneath the supergene deposit is being developed, with mill commissioning scheduled for late 2009, allowing for an expected additional 21 year mine life. The current capital cost estimate for the project, consisting primarily of a concentrator and tailings facility, is approximately US$410 million based on an exchange rate of
            US$1.00&nbsp;= 535 Chilean pesos, of which US$249 million was spent as of December 31, 2008. Over the first 10 years of the project, production is expected to be 76,000 tonnes of copper and 53,000 ounces of gold in concentrate annually. Cathode copper production from the supergene deposit is scheduled to cease in 2011. </font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Duck Pond Mine</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We hold a 100% interest in the Duck Pond copper-zinc property located in central Newfoundland. We are required to pay a former owner of the property a 2% net smelter returns royalty on production from the property. The Duck Pond mine achieved commercial production on April 1, 2007.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Duck Pond property is located in central Newfoundland approximately 100 km southwest of the city of Grand Falls-Windsor. The property covers 12,847 hectares and is held under various mining and surface leases, mineral licenses and contractual mining rights.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Duck Pond deposit is a relatively flat-lying Cambrian-age, volcanogenic massive sulphide (VMS) lens enriched in copper and zinc with lesser lead, silver and gold.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Duck Pond deposit is to be mined through combination of open pit and underground mining methods. Production is expected to average 37 million pounds of copper and 51 million pounds of zinc annually until the end of 2013, based on existing reserves. Conventional flotation produces copper and zinc concentrates that are trucked to the port of St. Georges on the west coast of Newfoundland.
            </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Copper and zinc concentrates produced at the Duck Pond mine are sold under concentrate sales agreements to smelters in North America and overseas.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Copper Projects</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">In August 2008 we acquired a 100 percent interest in the Relincho copper project, located in central Chile, through our acquisition of Global Copper Corp. by way of a plan of arrangement. A total of 49,100 metres of in-fill drilling was completed on the property in 2008. In the third quarter, a scoping study was initiated to investigate various development alternatives, to identify potential power
            and water sources, and to consider access and concentrate transport aspects. The scoping study is expected to be completed at the end of the first quarter of 2009.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Galore Creek</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We have a 50% interest in a partnership formed in 2007 to develop the Galore Creek copper project in northwestern British Columbia. NovaGold Resources Inc. (&ldquo;NovaGold&rdquo;) holds the other 50% of the partnership. Galore Creek is a major copper/gold resource. Construction activities on the project were suspended in the fourth quarter of 2007 as a result of our review of the first season of
            construction and a more extensive and detailed engineering study that anticipated substantially higher capital costs and a longer construction schedule for the project than previously anticipated. In February 2009, we amended certain provisions of the partnership agreement relating to the Galore Creek Project. Under the amended agreement, our remaining committed funding on Galore Creek has been reduced to approximately $36 million, which must be contributed by December 31, 2012.
            While we are making these committed contributions, which will represent 100% of project funding, we will have a casting vote on the Galore Creek management committee with respect to the timing and nature of expenses to be funded. The new funding arrangements replace the arrangements agreed by us and NovaGold in November 2007, pursuant to which we had committed to spend an additional $72 million on studies to reassess the Galore Creek Project, of which $15.8 million had been spent to
            December 31, 2008, in addition to our share of other project costs. </font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">San Nicolas Project, Mexico (Copper, Zinc)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The San Nicolas property, which is located in Zacatecas State, Mexico, is a major massive sulphide deposit containing copper, zinc, gold and silver. The property is held by Minas de San Nicolas S.A. de C.V. (&ldquo;MSN&rdquo;), which is owned 40% directly by us and 60% by Minera Tama S.A. de C.V. (&ldquo;Tama&rdquo;). Tama in turn is owned 65% by us and 35% by Western Copper Holdings Ltd. (now a
            subsidiary of Goldcorp Inc.) resulting in our holding a net 79% interest in the property. Our interest may vary depending on certain financing elections the parties may make under the agreements governing the project. The project is being held on a care and maintenance basis.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">Zinc</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Mining Operations</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Red Dog Mine, United States (Zinc, Lead)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Red Dog zinc-lead mine, concentrator and shipping facility in the Northwest Arctic Borough near Kotzebue, Alaska, commenced production in December 1989 and began shipping concentrates in July&nbsp;1990. The Red Dog mine is 100% owned and operated by Teck Alaska Incorporated, subject to a royalty as described below. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The mining method employed is conventional drill and blast open pit mining. Reserves in the vicinity of the processing facilities are expected to be sufficient for a mine life of 20 years. The mineral processing facilities employ conventional grinding and sulphide flotation methods to produce zinc and lead concentrates.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The mine and concentrator properties are leased from, and are being developed under the terms of a development and operating agreement with the NANA Regional Corporation, Inc. (&ldquo;NANA&rdquo;), an Alaskan native development corporation. Since the third quarter of 2007, we pay NANA a percentage of the net proceeds of production from the mine, starting at 25% and increasing to 50% by successive
            increments of 5% at five-year intervals. In addition to the royalties payable to NANA, the operation is subject to state and federal income taxes.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">All contaminated water from the mine area and waste dumps is collected and contained in a tailings impoundment and seasonally discharged through a water treatment plant. Mill process water is reclaimed from the tailings pond. The mine and an associated port facility operate under effluent permits issued by the United States Environmental Protection Agency (the &ldquo;EPA&rdquo;) and air permits
            issued by the State of Alaska. In 2007, the EPA withdrew the mine&rsquo;s recently renewed water discharge permit for procedural reasons. The previous permit has been extended pending the issuance of a new permit to be issued in connection with the permitting of the Aqqaluk deposit, the next orebody to be developed. The existing permit contains end-of-pipe limitations on total dissolved solids that the mine cannot meet on a sustained basis. The mine is operating under a consent
            decree and is in material compliance with the consent decree and with State water quality limits. Otherwise, the operation is in material compliance with all of its permits and related regulatory instruments and has obtained all of the permits that are material to its current operations. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">At current production rates, the main pit is expected to be exhausted by the end of the first quarter of 2011. Taking into account the need to prepare and pre-strip the Aqqaluk deposit, we estimate that we will need to access the new deposit by the first quarter of 2010. The approval process for the Supplemental </font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Environmental Impact Statement (SEIS) for Aqqaluk and the time-table for the issuance of the renewal of the water discharge permit and other required permits remain largely on schedule. We expect that the permit will be issued in mid-2009. However, there is a substantial risk that the issuance of the permit will be appealed leading to a further delay of 18 months to two years. In that event,
            production at Red Dog could be limited or curtailed until the appeal is resolved.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Red Dog is comprised of a number of sedimentary hosted exhalative (SEDEX) lead-zinc sulphide deposits hosted in Mississippian-age to Pennsylvanian-age sedimentary rocks. The orebodies are lens shaped and occur within structurally controlled (thrust faults) plates, are relatively flat-lying and are hosted by marine clastic rocks (shales, siltstones, turbidites) and lesser chert and carbonate rocks.
            Barite rock is common in and above the sulphide units. Silicification is the dominant alteration type. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The sulphide mineralization consists of semi-massive to massive sphalerite, pyrite, marcasite and galena. Common textures within the sulphide zone include massive, fragmental, veined and, rarely, sedimentary layering. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Approximately 25% of the zinc concentrate produced at Red Dog is shipped to our metallurgical facilities at Trail, British Columbia and the balance to customers in Asia and Europe. The lead concentrate production is also shipped to Trail and to customers in Asia and Europe. The majority of concentrate sales are pursuant to long-term contracts at market prices subject to annually negotiated treatment
            charges. The balance is sold on the spot market at prices based on prevailing market quotations. The shipping season at Red Dog is restricted to approximately 100 days per year because of sea ice conditions and Red Dog&rsquo;s sales are seasonal with the majority of sales in the last five months of each year. Concentrate is stockpiled at the port facility and is typically shipped between July and October. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Pend Oreille Mine, United States (Zinc, Lead)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We own 100% of the Pend Oreille mine, near Metaline Falls, Washington, which began commercial production in early 2004. All of the concentrate from Pend Oreille is trucked to our Trail metallurgical operations for processing.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Pend Oreille holds all permits necessary for its operation and is in material compliance with these permits.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Pend Oreille mine is a carbonate hosted zinc-lead ore body situated within the Metaline Formation in the southern portion of the Kootenay arc, an arcuate, narrow belt of sedimentary, volcanic and metamorphic rocks separating Precambrian metasediments to the east and Mesozoic volcanic and sedimentary units to the west. Metaline carbonates host the known zinc-lead deposits within the district.
            </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Mineralization at the Pend Oreille mine is located within the Yellowhead horizon of the Metaline Formation, an intensely altered stratabound dolomitic solution breccia, which has been invaded and replaced by fine-grained pyrite with lesser zinc and lead sulphides. The sulphide zone has relatively simple mineralogy. Sphalerite and galena are the two ore minerals of interest. Gangue minerals include
            pyrite, dolomite and calcite.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Pend Oreille mine is an underground mine. The mineral processing facilities employ conventional grinding and sulphide flotation methods to produce high quality zinc and lead concentrates. Annual mill throughput in 2007 was 638,000 tonnes of ore, producing 49,000 tonnes of zinc in concentrate and 8,300 tonnes of lead in concentrate. In February 2009, we temporarily suspended operations and put the
            mine on </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="231">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 15</font></a></p>
                            </td>
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                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">care and maintenance as a result of low zinc prices. See &ldquo;Mineral Reserves and Resources&rdquo; at page 25 of this Annual Information Form.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Pillara Mine, Lennard Shelf, Australia (Zinc)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We own a 50% share interest in Lennard Shelf Pty Ltd., which owns the Pillara underground mine in the Kimberly region of Western Australia, 2,600 kilometres northeast of Perth and 400 kilometres east of Broome along the Great Northern Highway. In August 2008, mining operations were suspended and reclamation is currently underway.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Refining and Smelting</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Trail Metallurgical Operations</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Cominco Metals owns and operates the integrated smelting and refining complex at Trail, British Columbia. The complex&rsquo;s major products are refined zinc and lead. It also produces silver and gold, germanium dioxide, indium, cadmium and copper compounds as metal co-products, along with a variety of sulphur products and ammonium sulphate fertilizers.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Trail&rsquo;s zinc operations consist of six major metallurgical plants, one fertilizer plant and two specialty metal plants. The facility has an annual capacity of approximately 295,000 tonnes of refined zinc. Zinc concentrates are initially treated in roasters or pressure leach facilities. The zinc and other elements are put into solution before the zinc is purified and electroplated onto cathodes
            in an electrolytic refining plant. Refined zinc is produced by remelting the zinc cathodes and then casting the zinc into various shapes, grades and alloys to meet customer requirements. A range of valuable metals, including indium and germanium, are extracted as co-products. Lead concentrates, recycled batteries, residues from the zinc circuits and various other lead- and silver-bearing materials are treated in the KIVCET flash furnace and electro-refined into lead in the refinery.
            Silver and gold are also recovered from this circuit after further processing. In 2007, the facility started to recycle electronic waste and processed 8,275 tonnes of such material in 2008.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Metallurgical effluent and drainage water from the smelter site that requires treatment is collected in ponds and treated through a water treatment plant. The smelter operates under a variety of permits, including effluent and air emission permits issued by the British Columbia Ministry of Environment. The operation is in material compliance with all of its environmental permits and has obtained all
            of the permits that are material to its operations.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Cominco Metals also owns the Waneta hydroelectric power plant near Trail. It has an installed capacity of approximately 490 megawatts and an annual average output of approximately 2,700 gigawatt hours of energy. This plant, pursuant to agreements with B.C. Hydro and Fortis Inc., provides electric power to the Trail metallurgical operation. The operation of Waneta and other hydroelectric plants
            in the watershed is governed by the Canal Plant Agreement (CPA), a contractual arrangement with B.C. Hydro and other related parties under which we receive approximately 2,700&nbsp;gigawatt hours per year of energy even during low water years. The term of the CPA extends until 2035. Our CPA entitlement may be reduced by approximately 150 gigawatt hours per year to the extent that Waneta Expansion Power Corporation proceeds with an expansion of the facility in accordance with
            expansion rights sold to the provincial government in 1994.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="241">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 16</font></a></p>
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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We also own a 15 kilometre transmission line from Waneta to the United States power distribution system. Power that is surplus to our needs at Trail Metallurgical Operations is sold at prevailing market rates in Canada and the United States.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">Coal</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Teck Coal Partnership, Canada </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Coal has six operating mines. It wholly owns Fording River, Coal Mountain, Line Creek and Cardinal River, has a 95% partnership interest in the Elkview mine, and has an 80% joint venture interest in the Greenhills mine. The Cardinal River mine is located in west central Alberta. The other five mines are located in close proximity to each other in the Elk Valley region of southeast British
            Columbia. All of Teck Coal&rsquo;s mines are open pit operations and are designed to operate on a continuous basis, 24&nbsp;hours per day, 365 days per year. Operating schedules can be varied depending on market conditions and are subject to shutdowns for maintenance activities. All of the mines are accessed by two lane all-weather roads which connect to public highways. All the mines operate under permits granted by Provincial and Federal regulatory authorities. Provincial
            remediation reclamation permits are placed to permit all facets of the mining process. From time to time each of the mines may require additional permits in respect of the location of additional dumps and tailings impoundment areas that will be required as mining operations proceed. All permits necessary for the current operations of the mines are in hand and in good standing.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><font size="2">The following chart lists significant coal rights held by Teck Coal as at December 31, 2008: </font></p>

            <div align="left">
                <table style="MARGIN-LEFT: 5.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
                    <tr bgcolor="#ffffff">
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="bottom" width="216">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt" align="left"><b><font size="2">Mineral Holdings (thousand hectares, rounded)</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="bottom" width="132">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Fee Simple</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="bottom" width="144">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Crown Lease</font></b><br>
                            <b><font size="2">and License</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="bottom" width="132">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Total</font></b></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="216">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Coal</font></p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.25in" align="left"><font size="2">British Columbia</font></p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.25in; TEXT-ALIGN: justify"><font size="2">Alberta</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="132">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 44.25pt; TEXT-ALIGN: justify"><font size="2">39</font></p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 48.75pt; TEXT-ALIGN: justify"><font size="2">1</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="144">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 44.25pt; TEXT-ALIGN: justify"><font size="2">68</font></p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 44.25pt; TEXT-ALIGN: justify"><font size="2">39</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="132">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 39.75pt; TEXT-ALIGN: justify"><font size="2">107</font></p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 44.25pt; TEXT-ALIGN: justify"><font size="2">40</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="216">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">All Mines and Minerals except</font></p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 17.1pt; TEXT-ALIGN: justify"><font size="2">Petroleum &amp; Natural Gas</font></p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.25in" align="left"><font size="2">British Columbia</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="132">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 48.75pt; TEXT-ALIGN: justify"><font size="2">6</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="144">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 53.25pt; TEXT-ALIGN: justify">&nbsp;</p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 48.75pt; TEXT-ALIGN: justify"><font size="2">&ndash;</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="132">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 48.75pt; TEXT-ALIGN: justify"><font size="2">6</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="216">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><b><font size="2">Total</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="132">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 44.25pt; TEXT-ALIGN: justify"><b><font size="2">46</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="144">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 39.75pt; TEXT-ALIGN: justify"><b><font size="2">107</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="132">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 39.75pt; TEXT-ALIGN: justify"><b><font size="2">153</font></b></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In British Columbia, coal licenses are issued for one-year terms and have an initial cost of $7 per hectare, increasing by $5 per hectare every five years to a maximum of $30 per hectare. Teck Coal currently pays license fees ranging from $7 to $30 per hectare. Coal leases are granted for periods of 30 years and have an annual cost of $10 per hectare. In Alberta, Crown leases are granted by the
            provincial government and are generally issued for 15 years. Annual lease rentals are approximately $3.50 per hectare. In the past, renewals of these licenses and leases have generally been granted although there can be no assurance that this will continue in the future.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Five of Teck Coal&rsquo;s six coal mines operate in British Columbia and are therefore subject to mineral taxes. British Columbia mineral tax is a two-tier tax with a minimum rate of 2% and a maximum rate of 13%. A minimum tax of 2% applies to operating cash flows, as defined by the regulations. A maximum tax rate of 13% applies to cash flows after taking available deductions for capital expenditures
            and other permitted </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="330">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">deductions. Alberta Crown royalties are assessed on a similar basis, at rates of 1% and 3%, and apply to the Cardinal River mine.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Coal&rsquo;s mines employ conventional open-pit mining techniques and coal preparation plants. Following mining, the coal is washed using a variety of conventional techniques and conveyed to coal or gas fired dryers for drying. Processed coal is conveyed to clean coal silos or other storage facilities for storage and load-out to railcars.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Coal Transportation and Sales</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Coal typically transports approximately 90% of its coal shipments from the Teck Coal mines to west-coast ports in British Columbia pursuant to long-term rail contracts. Rail service to the five mines located in the Elk Valley to the port facilities is provided by Canadian Pacific Railway Limited (&ldquo;CPR&rdquo;) pursuant to an agreement expiring March 31, 2009. Teck Coal and CPR are in
            negotiations to establish rates and conditions of service for westbound shipments on expiry of the current agreement. If negotiations are not successful, Teck Coal has recourse to final offer arbitration under the Canada Transportation Act which would establish those rates and conditions for a maximum period of 12 months. Rail service to the Cardinal River mine is provided by Canadian National Railway Company pursuant to an agreement expiring January 2011.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Westshore Terminals Ltd. provides ship-loading services at Roberts Bank for approximately 75% of Teck Coal&rsquo;s metallurgical coal pursuant to long-term contracts. The contract in respect of the Elkview mine expires in March 2010, and the contract in respect of Fording River, Greenhills, Line Creek and Coal Mountain expires in February 2012. Neptune Terminals, in which Teck Coal has a 46%
            ownership interest, provides ship-loading services for the balance of Teck Coal&rsquo;s metallurgical coal loaded at the west coast. Approximately 10% of Teck Coal&rsquo;s metallurgical coal products are shipped from the mine sites to eastern North American customers either directly by rail or by rail and ship via Thunder Bay Terminals in Thunder Bay, Ontario.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Coal&rsquo;s coal is sold principally under evergreen contracts at annually negotiated prices to approximately 45 customers around the world. Coal is generally priced, particularly in Asia and Europe, on an annual basis for the 12-month period beginning April 1 in each year, referred to as a &ldquo;coal year&rdquo;.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Elkview Mine, Canada </font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Coal has a 95% partnership interest in the Elkview mine. The remaining 5% is held equally by Nippon Steel Corporation and POSCO, a Korean steel producer, each of which acquired a 2.5% interest in 2005 for US$25 million. The Elkview mine is an open pit coal mine located in the Elk Valley in southeastern British Columbia. The mine has a current production capacity of approximately 5.6 million
            tonnes of clean coal. Capacity may be restricted for reasons including availability of truck tires and actual production will depend on sales volumes. At 2008 production rates, the Elkview mine is estimated to have a remaining reserve life of approximately 50 years.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The mine is a conventional open pit operation comprised of 27,054 hectares of coal lands of which 3,599&nbsp;hectares have been mined or are scheduled for mining. The mine proper and the associated fee simple lands at Elkview cover a portion of the Crowsnest coal field that runs from just north of the Elkview property to 20 kilometres south of the City of Fernie, British Columbia. The mineral
            reserves associated with the Elkview mine lie in the Mist Mountain formation of the Crowsnest coal field with the </font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">mine exploiting 16 coal seams in the area of Baldy and Natal Ridge, just outside the Town of Sparwood, British Columbia, bounded by Michel Creek to the south and the Elk River to the west.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Annual in-fill drilling programs are conducted to confirm and update the geological model used to develop the yearly mine plans.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The coal produced is a high-quality mid-volatile hard coking coal. Lesser quantities of lower grade hard coking coal are also produced. The Elkview mine uses conventional open pit truck/shovel mining methods. The preparation plant, which has a capacity of 6.5 million tonnes per year of clean coal, is a conventional coal washing plant, using standard technology of cyclones and heavy media
            flotation.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Fording River Mine, Canada </font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Fording River mine is located 29 kilometres northeast of the community of Elkford, in southeastern British Columbia. The mine is a conventional open pit operation comprised of 20,304 hectares of coal lands of which 4,263 hectares have been mined or are scheduled for mining. Fording River has been in operation since 1969.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Coal mined at Fording River is primarily metallurgical coal, although a small amount of thermal coal is also produced. The current annual production capacity of the mine is 8.3 million tonnes and the preparation plant is 10 million tonnes. Annual in-fill drilling programs are conducted to refine mine plans and confirm and update the geological model.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The majority of current production is derived from the Eagle Mountain pit. Proven and probable reserves at Fording&nbsp;River are projected to support mining at 2008 production rates for a further 32 years. Fording River&rsquo;s reserve areas include Eagle Mountain, Turnbull, Henretta, and Castle Mountain.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Greenhills, Canada </font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Greenhills mine is located eight kilometres northeast of the community of Elkford, in southeastern British Columbia. The mine site is comprised of 11,806 hectares of coal lands of which approximately 2,265 hectares have been mined or are scheduled for mining. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Coal mined at Greenhills is primarily metallurgical coal, although a small amount of thermal coal is also produced. The current annual production capacities of the mine and preparation plant (on a 100% basis) are 4.5 and 4.5 million tonnes, respectively.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Greenhills is operated under a joint venture agreement (the &ldquo;Greenhills Joint Venture Agreement&rdquo;) among Teck Coal, POSCO Canada Limited (&ldquo;POSCAN&rdquo;) and POSCAN&rsquo;s parent, POSCO. Pursuant to the agreement, Teck Coal has an 80% interest in the joint venture while POSCAN has a 20% interest. The mine equipment and preparation plant are owned by Teck Coal and POSCAN in
            proportion to their respective joint venture interests. Under the Greenhills Joint Venture Agreement, Teck Coal is the manager and operator of Greenhills. Teck Coal and POSCAN bear all costs and expenses incurred in operating Greenhills in proportion to their respective joint venture interests. POSCAN, pursuant to a property rights grant, has a right to 20% of all of the coal mined at Greenhills from certain defined lands until the Greenhills Joint Venture Agreement terminates on
            the earlier of: (i) the date the reserves on the defined lands have been depleted; and (ii) March&nbsp;31, 2015.</font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Production is derived from the Cougar reserve, which is divided into two distinct pits, Cougar North and Cougar South. Cougar North is expected to be mined out in 2009. Development and pre-stripping of Cougar South has progressed sufficiently to now be a long-term source of coal. Proven and probable reserves at Greenhills are projected to support mining at 2008 production rates for a further 18
            years.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Coal Mountain, Canada </font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Coal Mountain mine is located 30 kilometres southeast of Sparwood in southeastern British Columbia. The mine site is comprised of 3,836 hectares of coal lands of which approximately 1,016&nbsp;hectares are currently being mined or are scheduled for mining. Coal Mountain produces both metallurgical and thermal coal. The current annual production capacities of the mine and preparation plant are 2.7
            and 3.5 million tonnes, respectively. Proven and probable reserves at Coal Mountain are projected to support mining at 2008 production rates for a further 11 years.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Line Creek, Canada </font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Line Creek mine is located approximately 25 kilometres north of Sparwood in southeastern British Columbia. Line&nbsp;Creek supplies metallurgical and thermal coal to a variety of international and domestic customers. The Line Creek property consists of 8,183 hectares of coal lands of which approximately 2,267 hectares are currently being mined or are scheduled for mining. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The mine is a conventional open pit operation. Raw coal is transferred to an 11&nbsp;kilometre coal conveyor for transportation to a processing plant, where it is cleaned and dried using conventional technology. The current annual production capacities of the mine and preparation plant are 2.2 and 3.5&nbsp;million tonnes, respectively.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The metallurgical and thermal coal at Line Creek is mined from 10 coal seams that occur on the steep dipping limbs of a syncline. The seams range between 2 and 15 metres in thickness. At 2008 production rates Line Creek has an estimated remaining reserve life of approximately 6 years.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Cardinal River Mine, Canada</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Cardinal River mine is located approximately 42 kilometres south of Hinton, Alberta. In 2005, Teck Coal completed the development of the Cheviot Creek pit located approximately 20&nbsp;kilometres south of the Cardinal River coal plant. The current annual production capacities of the mine and preparation plant are 2.0 and 3.0 million tonnes, respectively. At 2008 production rates, Cardinal River
            is expected to have a mine life of approximately 22 years.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">Gold</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Hemlo Operations, Canada (Gold)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We have a 50% joint venture interest in two gold mines in the Hemlo Gold Camp located near Marathon, Ontario: the Williams and David Bell gold mines (the &ldquo;Hemlo Operations&rdquo;). A&nbsp;wholly-owned subsidiary of Barrick Gold Corporation (&ldquo;Barrick&rdquo;) holds the remaining 50% joint venture interest. Our share of production is subject to a 2.25% net smelter return royalty at Williams
            and a 3% net smelter return royalty at David Bell. On February 20, 2009 we announced that we have agreed to sell our joint venture interest to an affiliate of Barrick for US$65 million. The transaction is to have an effective date of January 1, 2009. Closing is expected to occur in the second quarter of 2009.</font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Hemlo Operations lie adjacent to the Trans-Canada Highway in the Hemlo district of Ontario, and operate throughout the year. The mill located at the Williams mine processes ore for both the Williams mine and the David Bell mine. Power for the Hemlo Operations is taken from the Ontario Hydro grid, and back-up standby diesel generators are available at the site to provide some emergency support
            should the grid not be able to supply power. Water requirements are sourced from Cedar Creek and personnel from both mines live in nearby areas, the majority in Marathon, Ontario.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Hemlo Operations operate a combined tailings management system including a tailings basin and polishing pond. The property includes one tailings pond, located approximately four kilometres from the Williams mill, and four waste stockpiles located adjacent to the Williams open pit. Both operations comply with certificates of approval for industrial wastewater and air, which are administered by the
            provincial regulatory authorities. The Williams mill and both mines hold all the necessary permits and certificates that are material to the operations.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Hemlo Operations are located in a small east-west trending archean greenstone belt in central Ontario known as the Hemlo zone. The Williams mine is located at the western end of the Hemlo zone, the David&nbsp;Bell mine is located at the eastern end of the Hemlo zone, and Newmont Mining Corporation&rsquo;s Golden Giant mine is located between the Williams and David Bell mines along the Hemlo zone.
            The total length of the mineralized zone comprising the Williams, David Bell and Golden Giant mines is over three kilometres.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Williams and David Bell ore bodies lie at the contact between overlying metasedimentary rocks and underlying felsic metavolcanic rocks. The Williams ore zone dips north at 60-70 degrees and the David&nbsp;Bell ore zone dips north at 50-60 degrees. The ore zones continue to approximately 1,200&nbsp;metres below the surface and vary in width from 45&nbsp;metres to 1&nbsp;metre at Williams and from
            15 metres to 1 metre at David Bell. The ore at both mines is hosted by three principal rock types, feldspathised porphyry, muscovite schist and biotite fragmental, and is characterized by gold, pyrite, molybdenite, and barite and various arsenic, mercury, and antimony mineral species. Both main ore bodies are composed of fine grained quartz-feldspar rock with gold occurring as finely disseminated particles within the groundmass as well as with pyrite grains.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our share of gold production from the Hemlo Operations is sold on a spot basis at prevailing market prices at the time of production. We have also entered into certain hedging contracts in respect of certain portions of our production.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Williams Mine </font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Williams mine, primarily an underground operation with some open-pit mining, has been operating since 1985. The property comprising the Williams mine consists of 11 patented mining claims and 6&nbsp;leased claims. The mine covers a surface area of approximately 270 hectares. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Williams mine is one of the largest gold-producing mines in Canada. The underground mine is accessed by a 1,300 metre production shaft, and mining is carried out by longhole stoping and Alimak methods with cemented paste backfill. The Williams open pit mine lies immediately above and adjacent to the underground mine, and ore from these two sources and the David Bell mine is treated in the
            Williams mill. The mill started production in 1985 at the rate of approximately 3,000 tonnes per day, and capacity was expanded to 6,000&nbsp;tonnes per day in late 1988. The Williams mill was further expanded to 10,000 tonnes per day but currently operates at a rate of approximately 8,300 tonnes per day as </font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">underground reserves are being depleted. The Williams mill uses semi-autogenous grinding and a carbon-in-pulp gold recovery circuit. Approximately 20% of the gold is recovered by a gravity circuit. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In 2006 the Hemlo operations reached agreement with Newmont Mining Canada granting Hemlo the right to explore, develop and mine the Interlake property, which is the down dip extension of the Williams ore zone to the west of the current property boundary. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">As a result, a strategic review of the life of mine plan and operating cost structure was completed and a detailed life of mine plan was developed in 2008. The review indicated a lower production profile going forward with declining head grades as underground ores are becoming depleted and more low-grade open pit ore is mined. As a result of lower production and less development activities planned
            going forward, the mine implemented cost cutting measures that included a work force reduction of 150 positions, including contractors.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">David Bell Mine </font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The property comprising the David Bell underground mine consists of granted mining leases and mining claims, covering a surface area of approximately 274 hectares.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The David Bell mine was developed through a 1,160&nbsp;metre production shaft, and mining is by longhole stoping and Alimak methods with cemented paste backfill. Ore from the David Bell mine is transported to, and processed at, the nearby Williams mill. The David Bell mine is scheduled to close in 2010 based on current reserves.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Pogo Mine, United States (Gold)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In June 1997, we entered into an agreement with Sumitomo Metal Mining America Inc. and SC Minerals America Inc. to earn a 40% joint venture interest in the Pogo gold deposit located in Alaska, 40&nbsp;air miles (64 kilometres) northeast of Delta Junction at the terminus of the Alaska Highway. In 2007 we satisfied the final conditions necessary to fully vest our interest in the mine. We are the
            project operator and are entitled to a management fee.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Pogo property is approximately 16,700 hectares in size. Access to the site is provided by a dedicated 50 mile all-season road from the Richardson Highway north of Delta Junction to the property. The mine area is the subject of a mining lease, which requires annual rental payments. The balance of the property is comprised of 1,281 state mining claims, each requiring a specified nominal amount of
            annual assessment work.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The project consists of an underground mine and 2,500 tonne per day mill expected to produce 350,000 to 450,000 ounces of gold per year over a 10 year mine life. The mining methods are cut and fill and drift and fill. The mill utilizes conventional milling, and gravity, flotation, cyanide leaching and carbon-in-pulp technology. The gold from both the gravity and carbon-in-pulp circuits is produced as
            dor&eacute; bullion. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Construction of the Pogo mine was completed in the second quarter of 2006. The final construction cost for the project was US$350 million. The Pogo mine commenced operations in January with the first gold bar poured on February 12, 2006. Commercial production was reached in April&nbsp;2007.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The property is subject to a 1.5% net smelter return royalty payable by the venturers on the first two million ounces of gold produced. After the first two million ounces of gold is produced, the 1.5% net </font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">smelter return royalty is no longer payable. However, we (through our indirect wholly-owned subsidiary, Teck-Pogo Inc. (&ldquo;TPI&rdquo;)) must then pay Sumitomo Metal Mining America Inc. and SC&nbsp;Minerals America Inc. a production royalty on TPI&rsquo;s share of any additional ounces of gold that it takes as its share of production from the property. This royalty on each ounce of gold to
            TPI&rsquo;s account is equal to the greater of 5% of the price of gold and US$25.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Morelos (Gold)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Prefeasibility work continues on the Morelos gold project in Mexico, in which we have a 78% interest. During the latter part of 2007, road access to part of the project was interrupted by an illegal blockade, which continued through 2008, and work on the property itself is suspended.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2"><strong>Oil Sands</strong> </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Fort Hills Project</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On November 30, 2005, we acquired a 15% limited partnership interest in Fort Hills Energy LP (the &ldquo;Fort Hills Partnership&rdquo;), which owns the Fort Hills oil sands project. On September 19, 2007, we entered into an agreement to increase our interest in the Fort Hills Partnership to 20%. The other limited partners are Petro-Canada, with a 60% limited partnership interest and UTS Energy
            Corporation (&ldquo;UTS&rdquo;) with a 20% interest. Relations among the partners are governed by a limited partnership agreement and a unanimous shareholder agreement pertaining to the governance of Fort Hills Energy Corporation, the general partner of the Fort Hills Partnership, in which the limited partners hold pro rata share interests. Pursuant to the limited partnership agreement, we are required to contribute 34% (or $850 million) of the first $2.5&nbsp;billion of project
            expenditures made after March 1, 2005, and 27.5% (or $1.375 billion) of the next $5&nbsp;billion of project expenditures. These amounts include the subscription price for our 20% interest. The partners will fund further project expenditures in proportion to their respective partnership interests. Our share of project expenditures to the end of 2008 was $667 million.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Fort Hills project is a project to develop, mine, extract and sell the recoverable bitumen found in certain oil sands deposits underlying Alberta Oil Sands Lease No. 7598060T05 (&ldquo;Lease 5&rdquo;), Alberta Oils Sands Lease No. 7281020T52 (&ldquo;Lease 52&rdquo;) and Alberta Oil Sands Lease No. 7400120008 (&ldquo;Lease 8&rdquo;), (collectively, with certain other leases acquired for tailings
            disposal, the &ldquo;Leases&rdquo;). The Leases are located approximately 90 kilometres north of Fort McMurray, Alberta. The Leases cover a contiguous area of approximately 24,720 hectares on the east bank of the Athabasca River. The current terms of Lease 5 and Lease 52 continue indefinitely, provided the mine development plan approved by Alberta Energy is met. The development plan, initially submitted by TrueNorth Energy L.P. (&ldquo;TrueNorth&rdquo;), a predecessor to the Fort
            Hills Partnership, was amended in 2005 to provide for a commitment to construct a mine with a capacity of 100,000 barrels per day of bitumen by 2011. The development plan includes certain other interim milestones. Lease 8, which is not subject to the development plan, covers approximately 2,286 hectares and its primary term continues to 2015.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">An affiliate of Petro-Canada acts as contract operator of the project pursuant to an operating services contract. The contract operator has exclusive authority to operate the project, subject to the oversight of a management committee on which each of the shareholders of the general partner is represented. Certain fundamental decisions concerning the project require super-majority approval of the
            management committee. The Partnership Agreement contemplates that the contract operator will market 100% of project production on behalf of the partnership for a minimum initial period of 4 years after first </font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">commercial production of bitumen. Subject to certain exceptions, limited partners have a right of first refusal in the event of a transfer of another&rsquo;s limited partnership interest.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Fort Hills Partnership is proceeding with the Front End Engineering Design (FEED) stage of the project and the Environmental Impact Assessment and regulatory approval for the upgrader. The Fort Hills project is currently planned to be developed in two phases, with the first producing 160,000 barrels per day of bitumen in late 2011 to be upgraded to 140,000 barrels per day of synthetic crude oil
            commencing in mid 2012. The second phase is expected to double capacity to 280,000 barrels per day of synthetic crude.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In September, together with our partners in the Fort Hills project, we announced that the preliminary results from the FEED work suggest that the estimated capital costs for the first phase of the mine and upgrader portions of the project, as currently conceived, have increased in the range of 50% from the estimate of $18.8 billion (including third party costs) announced by the partners in June
            2007.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The partners are reviewing the preliminary estimates and are assessing various options for development of the project, including phasing of the various aspects of the project, with the selected options to be reflected in the final FEED report. Once the FEED work is complete, Fort Hills will develop a definitive cost estimate for the selected development option, which will be the basis for the final
            investment decision by the project partners. At this point the partners contemplate making an investment decision in 2009 only for the mining and extraction portion of the project, located north of Fort McMurray. The upgrader portion of the project, located in Sturgeon County, has been put on hold and a decision on whether to proceed with the upgrader will be made at a later date, which would substantially reduce project costs prior to first bitumen production.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Fort Hills Partnership remains committed to the retention of the oil sands leases and is holding discussions with the Government of Alberta on the current lease term. Proceeding with the project is also subject to certain regulatory approvals. In October 2008, the Alberta Energy Resources Conservation Board (the ERCB) released its decision regarding the proposed mine amendment requested by
            Petro-Canada on behalf of the Fort Hills Partnership. The decision, which is subject to Order in Council, provides for the required revision to the mine footprint to enable construction to proceed for the first phase of the mine and extraction portion of the Fort Hills project. The ERCB have requested a revised assessment of the cumulative effects and mine plan by December 31, 2009 to facilitate the request to increase the total recoverable resource. The regulatory hearing on the
            Sturgeon County upgrader was convened in the second half of 2008 and the ERCB decision report was released in January 2009. The decision, which is subject to Order in Council, found the upgrader to be in the public interest and approved the project subject to conditions and the commitments made by Petro-Canada.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In light of the substantial capital commitment associated with Fort Hills, we are exploring strategic alternatives with respect to our interest in the project.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Teck/UTS Joint Venture</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Under a joint bidding agreement with UTS Energy Corporation (&ldquo;UTS&rdquo;), we have acquired a 50% interest in approximately 124,000 hectares acres of oil sands leases in the Athabasca region of Alberta. Our total acquisition and exploration costs of these leases were $348 million. The planned 2008/2009 exploration program consists of approximately 60 strategically placed wells with a view to
            maximizing the resource potential per well.</font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In March 2008, a Public Disclosure Document was released describing preliminary development plans for two new oil sands mines for certain leases that we jointly hold with UTS. The Equinox oil sands project, which we formerly referred to as Lease 14, is located immediately west of the Fort Hills project and the Frontier oil sands project, which includes Lease 311, is approximately 10 kilometers north
            of the Equinox project. The filing of the Public Disclosure Document begins the formal regulatory process for the two projects.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Frontier and Equinox Projects</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Equinox oil sands project consists of approximately 2,890hectares of oil sands lease (Lease 14) immediately west of the Fort Hills project. The joint venture is proceeding with a Design Basis Memorandum (DBM) study to assess the feasibility of developing the Equinox project as a stand-alone 50,000 barrel per day bitumen mining/extraction operation. The DBM study is expected to be completed in the
            first quarter of 2009 and will also provide a basis for assessing development of the larger Frontier project. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Frontier oil sands project consists of approximately 26,410 hectares of oil sands leases, including Lease 311, and is located on the west side of the Athabasca River approximately 10 kilometers north of the Equinox project. The joint venture completed 353 core holes in the first quarter of 2008, of which 325 core holes were located in the Frontier project area. Full assay and test results have
            been completed on the cores from the 2007/2008 winter exploration program. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Engineering studies are expected to start on the Frontier project in the second quarter 2009 assessing various development options for a stand alone mine/extraction operation in the range of 100,000 to 160,000 barrels of bitumen per day.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">See &ldquo;Oil and Gas Resources&rdquo; at page 34 for a discussion of the contingent resource estimates for the Frontier and Equinox Projects.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Other Oil Sands Interests</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck and UTS also jointly hold additional oil sands leases both east of the Athabasca River (60,000 hectares) and west of the Athabasca River (34,700 hectares). Preliminary exploration drilling programs have been conducted during 2006/2007 and 2007/2008 winter seasons on some of these leases. Further exploration core holes are planned during the upcoming 2008/2009 winter drilling program.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">Exploration </font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In 2008, our exploration expense was $135 million. Approximately 81% of expenditures was dedicated to exploration for gold and copper and the balance on nickel, diamonds and polymetallic projects. Of the total expenditures, approximately 30% was spent in North America, 39% in South America, 10% in Europe, and 7% in Australia.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Exploration is carried out through sole funding and joint ventures with major and junior exploration companies. Exploration is focused on areas in proximity to our existing operations or development projects in regions that we consider have high potential for discovery. Planned expenditures for 2009 are approximately $37 million excluding mine exploration, coal exploration and development
            projects.</font></p>

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            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">MINERAL RESERVES AND RESOURCES</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The SEC does not permit mining companies in their filings with the SEC to disclose estimates other than mineral reserves. However, because we prepared this disclosure document in accordance with Canadian disclosure requirements, this disclosure document also incorporates estimates of mineral resources. Mineral resources are concentrations or occurrences of minerals that are judged to have reasonable
            prospects for economic extraction, but for which the economics of extraction cannot be assessed, whether because of insufficiency of geological information or lack of feasibility analysis, or for which economic extraction cannot be justified at the time of reporting. Consequently, mineral resources are of a higher risk and are less likely to be accurately estimated or recovered than mineral reserves.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: left"><font size="2">See Notes to Mineral Reserves and Resources Tables at page 27, after the Mineral Reserves table.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt" align="left"><b><font size="1">MINERAL RESERVES<sup>(1)</sup> AT DECEMBER 31, 2008</font></b></p>

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                        <td style="HEIGHT: 19.35pt" valign="bottom" colspan="2">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Probable</font></b></p>
                            </div>
                        </td>

                        <td valign="bottom" colspan="2">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Total</font></b></p>
                            </div>
                        </td>

                        <td valign="bottom" width="65">
                            <div>
                                <p>&nbsp;</p>
                            </div>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 18.75pt" bgcolor="#ffffff">
                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Tonnes</font></b><br>
                                <b><font size="1">(000&rsquo;s)</font></b></p>
                            </div>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Grade</font></b><br>
                                <b><font size="1">(%)</font></b></p>
                            </div>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Tonnes</font></b><br>
                                <b><font size="1">(000&rsquo;s)</font></b></p>
                            </div>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Grade</font></b><br>
                                <b><font size="1">(%)</font></b></p>
                            </div>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Tonnes</font></b><br>
                                <b><font size="1">(000&rsquo;s)</font></b></p>
                            </div>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Grade</font></b><br>
                                <b><font size="1">(%)</font></b></p>
                            </div>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Teck</font></b><br>
                                <b><font size="1">Interest</font></b></p>
                            </div>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Copper</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Highland Valley Copper</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">416,200</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.39</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">14,300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.20</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">430,500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.38 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">97.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Antamina</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 12.75pt; TEXT-ALIGN: left"><font size="1">Copper only ore</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">93,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.12</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">451,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.04</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">544,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.06 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">22.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 12.75pt; TEXT-ALIGN: left"><font size="1">Copper-zinc ore</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">40,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.96</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">147,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.05</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">186,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.04 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">22.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">133,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.07</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">598,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.04</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">730,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.05 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">22.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Quebrada Blanca</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 12.75pt; TEXT-ALIGN: left"><font size="1">Heap leach ore (2)</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">43,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.88</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.71</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">43,500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.88 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">76.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 12.75pt; TEXT-ALIGN: left"><font size="1">Dump leach ore (2)</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">112,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.29</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">9,800</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.26</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">121,800</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.29 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">76.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">155,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.46</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">10,300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.28</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">165,300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.45 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">76.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Andacollo</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 12.75pt; TEXT-ALIGN: left"><font size="1">Heap leach ore (2)</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,400</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.57</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,400</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.55</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4,800</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.56 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">90%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 12.75pt; TEXT-ALIGN: left"><font size="1">Dump leach ore (2)</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.24</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.27</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.25 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">90%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4,400</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.50</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,700</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.49</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">6,100</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.50 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">90%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Andacollo hypogene </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">25,300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.46</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">374,500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.39</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">399,800</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.39 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">90%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Duck Pond</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3.11</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3.03</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3.07 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Molybdenum</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Highland Valley Copper</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">416,200</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.007</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">14,300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.017</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">430,500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.007 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">97.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Antamina</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">93,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.036</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">451,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.031</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">544,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.032 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">22.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Zinc</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Red Dog</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">9,200</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">20.0 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">52,200</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">16.6 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">61,400</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">17.1 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Pend Oreille</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,700</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">6.4 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.4 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">6.1 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Antamina</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">40,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2.2 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">147,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2.1 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">186,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2.1 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">22.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Duck Pond</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.8 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.1 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.5 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Lead</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Red Dog</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">9,200</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">5.4 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">52,200</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.4 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">61,400</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.5 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Pend Oreille</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,700</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.3 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.6 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.2 </font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Coal (3)</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Fording River</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">186,100</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">70,400</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">256,500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Elkview</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">164,700</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">67,900</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">232,600</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">95%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 7.5pt; TEXT-ALIGN: left"><font size="1">Greenhills</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">64,300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">17,000</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">81,300</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">80%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Coal Mountain</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">27,400</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">500</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">27,900</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Line Creek</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">14,900</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">14,900</font></p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="124">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Cardinal River</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">6,700</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">31,000</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">37,700</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="323">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="248">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 26</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt" align="left"></p>

            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="576" border="0">
                <tr style="HEIGHT: 10pt">
                    <td style="HEIGHT: 19.35pt" valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                    </td>

                    <td style="HEIGHT: 19.35pt" valign="bottom" colspan="2">
                        <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Proven</font></b></p>
                        </div>
                    </td>

                    <td style="HEIGHT: 19.35pt" valign="bottom" colspan="2">
                        <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Probable</font></b></p>
                        </div>
                    </td>

                    <td style="HEIGHT: 19.35pt" valign="bottom" colspan="2">
                        <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Total</font></b></p>
                        </div>
                    </td>

                    <td valign="bottom" width="65">
                        <div>
                            <p>&nbsp;</p>
                        </div>
                    </td>
                </tr>

                <tr style="HEIGHT: 18.75pt" bgcolor="#ffffff">
                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                        <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Tonnes</font></b><br>
                            <b><font size="1">(000&rsquo;s)</font></b></p>
                        </div>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                        <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Grade</font></b><br>
                            <b><font size="1">(%)</font></b></p>
                        </div>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                        <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Tonnes</font></b><br>
                            <b><font size="1">(000&rsquo;s)</font></b></p>
                        </div>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                        <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Grade</font></b><br>
                            <b><font size="1">(%)</font></b></p>
                        </div>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                        <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Tonnes</font></b><br>
                            <b><font size="1">(000&rsquo;s)</font></b></p>
                        </div>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                        <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Grade</font></b><br>
                            <b><font size="1">(%)</font></b></p>
                        </div>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 18.75pt" valign="bottom" width="65">
                        <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Teck</font></b><br>
                            <b><font size="1">Interest</font></b></p>
                        </div>
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>
                </tr>

                <tr bgcolor="#ffffff">
                    <td valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Gold</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Pogo</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,400</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">16.59</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,600</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">14.28</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">6,000</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">15.20 </font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">40%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ffffff">
                    <td valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Williams</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 12.75pt; TEXT-ALIGN: left"><font size="1">Underground</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,700</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.82</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,100</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.82</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,800</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.82 </font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ffffff">
                    <td valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 12.75pt; TEXT-ALIGN: left"><font size="1">Open pit</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">8,700</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.82</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">900</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.73</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">9,600</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.81 </font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>
                </tr>

                <tr bgcolor="#ffffff">
                    <td valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">David Bell</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">400</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">10.72</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">400</font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">10.72 </font></p>
                    </td>

                    <td valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="124">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6.75pt; TEXT-ALIGN: left"><font size="1">Andacollo hypogene </font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">19,100</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.12</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">374,400</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.13</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">393,500</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.13 </font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="65">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">90%</font></p>
                    </td>
                </tr>
            </table>
            <br>
            <br>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: justify"><b><font size="2">Notes to Mineral Reserves and Resources Tables</font></b></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">(1) Mineral reserves and resources are mine and property totals and are not limited to our proportionate interests.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">(2) For heap leach and dump leach operations, copper grade is reported as % soluble copper rather than % total copper. Soluble copper is defined by an analytical methodology which uses acid and cyanide reagents to approximate the portion of copper recoverable in the heap and dump leach process.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">(3) Coal reserves expressed as tonnes of clean coal.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">(4) g/t = grams per tonne.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">(5) Historical Resource Estimates. These estimates pre-date the adoption of NI 43-101. These estimates are reported using resource classification categories that conform to those prescribed by NI 43-101, but are not supported by quality assurance and quality control procedures that conform to current practice. In some cases, management has reclassified
                material from the measured or indicated resource category to the inferred category. Nonetheless, management believes these estimates are reliable and relevant because they are based on engineering and feasibility studies prepared prior to 2000 in accordance with then-prudent engineering practice.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">(6) Grade reported as %TiO2.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: left"><font size="2">(7) Coal resources expressed as tonnes of raw coal.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: left">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="351">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="220">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 27</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><b><font size="1">MINERAL RESERVES<sup>(1)</sup> AT DECEMBER 31, 2008</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="576" border="0">
                    <tr>
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" colspan="2">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Measured</font></b></p>
                            </div>
                        </td>

                        <td valign="top" colspan="2">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Indicated</font></b></p>
                            </div>
                        </td>

                        <td valign="top" colspan="2">
                            <div style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Inferred</font></b></p>
                            </div>
                        </td>

                        <td valign="bottom" width="59">
                            <div>
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
                            </div>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 14.25pt">
                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="117">
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="74">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt" align="center"><b><font size="1">Tonnes</font></b><br>
                            <b><font size="1">(000&rsquo;s)</font></b></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="70">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt" align="center"><b><font size="1">Grade</font></b><br>
                            <b><font size="1">(%)</font></b></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="74">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt" align="center"><b><font size="1">Tonnes</font></b><br>
                            <b><font size="1">(000&rsquo;s)</font></b></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="57">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt" align="center"><b><font size="1">Grade</font></b><br>
                            <b><font size="1">(%)</font></b></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="63">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt" align="center"><b><font size="1">Tonnes</font></b><br>
                            <b><font size="1">(000&rsquo;s)</font></b></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="62">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt" align="center"><b><font size="1">Grade</font></b><br>
                            <b><font size="1">(%)</font></b></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 14.25pt" valign="bottom" width="59">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt" align="center"><b><font size="1">Teck</font></b><br>
                            <b><font size="1">Interest</font></b></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">Copper</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -3.75pt; TEXT-ALIGN: left"><font size="1">Highland Valley Copper</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">154,400 </font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.31</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">40,800</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.17</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">97.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Antamina</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: left"><font size="1">Copper only ore</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">31,000</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.48</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">128,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.83</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">488,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.83</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">22.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: left"><font size="1">Copper-zinc ore</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">13,000</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.49</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">21,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.07</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">94,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.86</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">22.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">44,000</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.48</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">149,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.86</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">582,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.84</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">22.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Quebrada Blanca</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: left"><font size="1">Heap leach ore (2)</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: right"><font size="1">2,300 </font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.02</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">600</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.71</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.68</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">76.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: left"><font size="1">Dump leach ore (2)</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: right"><font size="1">18,100 </font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.30</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: right"><font size="1">9,500 </font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.28</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,100</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.26</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">76.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">20,400</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.38</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">10,100</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.31</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,200</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.28</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">76.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Quebrada Blanca hypogene</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,030,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.50</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">76.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Andacollo hypogene </font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">51,100</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.32</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">90%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -4.5pt; TEXT-ALIGN: left"><font size="1">Galore Creek</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4,700</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.52</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">781,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.52</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">357,700</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.36</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Duck Pond</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2.19</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">7</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2.56</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2.84</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -4.5pt; TEXT-ALIGN: left"><font size="1">San Nicolas</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,900</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.73</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">78,100</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.34</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">7,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.28</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">79%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Kudz Ze Kayah (5)</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">12,800</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.81</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Relincho</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">648,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.47</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">36,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.37</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">Molybdenum</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Highland Valley Copper</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">154,400</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.013</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">40,800</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.018</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">97.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Antamina</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">31,000</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.041</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">128,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.022</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">488,000&nbsp;</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.017</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">22.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Quebrada Blanca hypogene</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,030,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.020</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">76.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Relincho</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">648,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.026</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">36,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.023</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">Zinc</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Red Dog</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">5,900</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">20.0</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,100</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">11.0</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Pend Oreille</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,700</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">5.9</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Antamina</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">13,000</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.8</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">21,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.4</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">94,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.6</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">22.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Duck Pond</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">6.7</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">7</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.5</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.7</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -4.5pt; TEXT-ALIGN: left"><font size="1">San Nicolas</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,900</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3.6</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">78,100</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.8</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">7,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.4</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">79%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Kudz Ze Kayah (5)</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">12,800</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">5.9</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">Lead</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Red Dog</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">5,900</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">6.6</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,100</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.0</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Pend Oreille</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,700</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.2</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Kudz Ze Kayah (5)</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">12,800</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.7</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">Titanium</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">White Earth (5)(6)</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">428,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">11</font></p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,031,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">10</font></p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">&nbsp;&nbsp;&nbsp;</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">Coal (7)</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Fording River</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">422,000</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">920,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">925,000</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Elkview</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">437,200</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">194,900</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">196,700</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">95%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -4.5pt; TEXT-ALIGN: left"><font size="1">Greenhills</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">143,800</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">241,700</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">201,300</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">80%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Coal Mountain</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">63,900</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">27,100</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">15,600</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Line Creek</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">348,000</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">319,300</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">211,400</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Cardinal River</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">59,700</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,300</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Mt Babcock</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">66,500</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">138,300</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">157,300</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Mt Duke</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">25,700</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">101,000</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">110,200</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">92.7%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Elco</font></p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">32,200</font></p>
                        </td>

                        <td valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">158,900</font></p>
                        </td>

                        <td valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">135,700</font></p>
                        </td>

                        <td valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">75%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="117">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Marten Wheeler</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">24,400</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="70">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="74">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">85,300</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="63">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">174,000</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="62">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="59">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                        </td>
                    </tr>
                </table>
                <br>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="344">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="227">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 28</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><b><font size="1">MINERAL RESOURCES<sup>(1)</sup> AT DECEMBER 31, 2008</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="576" border="0">
                <tr>
                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="117">
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" colspan="2">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><strong><b><font size="1">Measured</font></b></strong></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" colspan="2">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><strong><b><font size="1">Indicated</font></b></strong></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" colspan="2">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><strong><b><font size="1">Inferred</font></b></strong></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 0pt solid; HEIGHT: 27.75pt" valign="bottom" width="59">
                    </td>
                </tr>

                <tr style="HEIGHT: 27.75pt">
                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="117">
                        <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="74">
                        <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Tonnes</font></b><br>
                        <b><font size="1">(000&rsquo;s)</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="70">
                        <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Grade</font></b><br>
                        <b><font size="1">(%)</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="74">
                        <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Tonnes</font></b><br>
                        <b><font size="1">(000&rsquo;s)</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="57">
                        <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Grade</font></b><br>
                        <b><font size="1">(%)</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="63">
                        <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Tonnes</font></b><br>
                        <b><font size="1">(000&rsquo;s)</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="62">
                        <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Grade</font></b><br>
                        <b><font size="1">(%)</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 27.75pt" valign="bottom" width="59">
                        <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Teck</font></b><br>
                        <b><font size="1">Interest</font></b></p>
                    </td>
                </tr>

                <tr bgcolor="#ffffff">
                    <td valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left">&nbsp;</p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -12pt; TEXT-ALIGN: left"><font size="1">Gold</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>
                </tr>

                <tr bgcolor="#ffffff">
                    <td valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Pogo</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">200</font></p>
                    </td>

                    <td valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">11.96</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">600</font></p>
                    </td>

                    <td valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">21.51</font></p>
                    </td>

                    <td valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">600</font></p>
                    </td>

                    <td valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">19.78</font></p>
                    </td>

                    <td valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">40%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Williams</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>
                </tr>

                <tr bgcolor="#ffffff">
                    <td valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: left"><font size="1">Underground</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">300</font></p>
                    </td>

                    <td valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.31</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">400</font></p>
                    </td>

                    <td valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4.89</font></p>
                    </td>

                    <td valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,100</font></p>
                    </td>

                    <td valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">5.35</font></p>
                    </td>

                    <td valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: left"><font size="1">Open pit</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,200</font></p>
                    </td>

                    <td valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.73</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">200</font></p>
                    </td>

                    <td valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.74</font></p>
                    </td>

                    <td valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">500</font></p>
                    </td>

                    <td valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.08</font></p>
                    </td>

                    <td valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ffffff">
                    <td valign="top" width="117">
                    </td>

                    <td valign="top" width="74">
                    </td>

                    <td valign="top" width="70">
                    </td>

                    <td valign="top" width="74">
                    </td>

                    <td valign="top" width="57">
                    </td>

                    <td valign="top" width="63">
                    </td>

                    <td valign="top" width="62">
                    </td>

                    <td valign="top" width="59">
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">David Bell</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100</font></p>
                    </td>

                    <td valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">9.74</font></p>
                    </td>

                    <td valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100</font></p>
                    </td>

                    <td valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">6.52</font></p>
                    </td>

                    <td valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ffffff">
                    <td valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Andacollo hypogene</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">51,100</font></p>
                    </td>

                    <td valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.32</font></p>
                    </td>

                    <td valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">90%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Morelos</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">26,200</font></p>
                    </td>

                    <td valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3.55</font></p>
                    </td>

                    <td valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">200</font></p>
                    </td>

                    <td valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2.99</font></p>
                    </td>

                    <td valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">78.8%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ffffff">
                    <td valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -4.5pt; TEXT-ALIGN: left"><font size="1">Galore Creek</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4,700</font></p>
                    </td>

                    <td valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.37</font></p>
                    </td>

                    <td valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">781,000</font></p>
                    </td>

                    <td valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.29</font></p>
                    </td>

                    <td valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">357,700</font></p>
                    </td>

                    <td valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">0.18</font></p>
                    </td>

                    <td valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#ccffff">
                    <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="117">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-INDENT: -5.25pt; TEXT-ALIGN: left"><font size="1">Kudz Ze Kayah (6)</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="70">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="74">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="57">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="63">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">12,800</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="62">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.38</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="59">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100%</font></p>
                    </td>
                </tr>
            </table>
            <br>
            <br>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font color="#1f497d"><br>
            </font><b><font size="2">Mineral Reserves and Mineral Resources</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><b><font size="2">Standard</font></b></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Proven and Probable Mineral Reserves and Measured, Indicated and Inferred Mineral Resources have been estimated in accordance with the definitions of these terms adopted by the Canadian Institute of Mining, Metallurgy and Petroleum (&ldquo;CIM&rdquo;) in November 2005 and incorporated in National Instrument 43-101, &ldquo;Standards of Disclosure for Mineral Projects&rdquo; (&ldquo;NI 43-101&rdquo;),
            by Canadian securities regulatory authorities. Estimates of coal reserves and resources have been prepared and classified using guidance from the Geological Survey of Canada Paper 88-21. Classification terminology for coal conforms to CIM definitions incorporated into NI 43-101. Mineral Resources are reported separately from and do not include that portion of the Mineral Resources that is classified as Mineral Reserves. That portion of Mineral Resource which is not classified as
            Mineral Reserve does not have demonstrated economic value.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><b><font size="2">Definitions</font></b></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The CIM definitions on Mineral Resources and Mineral Reserves provide as follows:</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">A </font><i><b><font size="2">Mineral Resource</font></b></i> <font size="2">is a concentration or occurrence of diamonds, natural solid inorganic material, or natural solid fossilized organic material including base and precious metals, coal, and industrial minerals in or on the earth&rsquo;s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic
            extraction. The location, quantity, grade, geological characteristics and continuity of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">An </font><i><b><font size="2">Inferred Mineral Resource</font></b></i> <font size="2">is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate
            techniques from locations such as outcrops, trenches, pits, workings and drill holes.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="336">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="235">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 29</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">An </font><i><b><font size="2">Indicated Mineral Resource</font></b></i> <font size="2">is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability
            of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">A </font><i><b><font size="2">Measured Mineral Resource</font></b></i> <font size="2">is that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and
            evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">A </font><i><b><font size="2">Mineral Reserve</font></b></i> <font size="2">is the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This Study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can
            be justified. A Mineral Reserve includes diluting materials and allowances for losses that may occur when the material is mined.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">A </font><i><b><font size="2">Probable Mineral Reserve</font></b></i> <font size="2">is the economically mineable part of an Indicated and, in some circumstances, a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This Study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of
            reporting, that economic extraction can be justified. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">A </font><i><b><font size="2">Proven Mineral Reserve</font></b></i> <font size="2">is the economically mineable part of a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This Study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic extraction is
            justified.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><b><font size="2">Methodologies and Assumptions</font></b></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Mineral reserve and resource estimates are based on various assumptions relating to operating matters, including with respect to production costs, mining and processing recoveries, mining dilution, cut-off values or grades, as well as assumptions relating to long-term commodity prices and, in some cases, exchange rates. Cost estimates are based on feasibility study estimates or operating
            history.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Methodologies used in reserve and resource estimates vary from property to property depending on the style of mineralization, geology and other factors. Geostatistical methods, appropriate to the style of mineralization, have been used in the estimation of reserves at the Company&rsquo;s material base metal and gold properties.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Assumed metal prices vary from property to property for a number of reasons. Teck has interests in a number of joint ventures for which assumed metal prices are a joint venture decision. In certain cases, assumed metal prices are historical assumptions made at the time of the relevant reserve and resource estimates. For operations with short remaining lives, assumed metal prices may reflect
            shorter-term commodity price forecasts.</font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><b><font size="2">Comments on Individual Operations</font></b></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Highland Valley Copper</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In 2008, the mine removed 34.5 million tonnes from reserve and processed an additional 10.7 million tonnes of low grade material. The low grade, which was not previously included in reserve, was processed to take advantage of short-term metal prices. Mineral reserves adopted US$1.50/lb copper, US$9.00/lb molybdenum and will sustain the operation until 2019. Mineral resource estimates were based on
            US$1.95/lb to US$2.05/lb copper and US$10.35/lb to US$10.90/lb molybdenum. All reserve and resource estimates assume a C$1.10 per US$1.00 exchange rate. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Antamina</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Two general ore types occur at Antamina. These are copper ores from which copper and molybdenum concentrates are produced and copper-zinc ores, from which copper and zinc concentrates are recovered. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The most significant change in 2008 was the conversion of 344 million tonnes of resource to reserve status and the discovery of 358 million tonnes of new resource below the known deposit. Reported mineral reserves and resource estimates assumed US$1.39/lb copper, US$0.64/lb zinc and US$9.67/lb molybdenum. In 2008, mine production processed 32 million tonnes from reserve. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Quebrada Blanca</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Changes to the 2008 heap leach and dump leach reserve correspond to the removal of 18 million tonnes through normal mine depletion and 24 million tonnes due to increased operating cost. Heap and dump leach reserves and resources assumed US$1.75/lb copper, a 0.60% soluble copper cutoff for the heap leach and 0.10% soluble copper cutoff for dump leach. Leach reserves are expected to sustain mine
            operations until 2014. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In late 2007, Teck reported a 1.03 billion tonne, low strip hypogene (primary) resource below the current open pit. The 2007 resource was drill defined at 200 metre centres and assumed: a 0.3% copper cutoff, US$1.50/lb copper and US$10.00/lb molybdenum. Resource estimates will be updated in late 2009, to reflect 2008 and 2009 definition drilling.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Andacollo</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Andacollo project includes an operating heap-dump leach operation as well as a copper-gold hypogene (primary) development project. The hypogene concentrator is expected to be commissioned in 2009. Mineral reserves and resources estimates assume US$1.50/lb copper and US$480/oz gold. Proven reserves are drill defined at 50 metre intervals and probable reserves at 75 to 100 metre
            intervals.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In 2008, the leach operation mined 6.6 million tonnes from reserve. Leach reserves will continue to feed the SXEW plant until 2011. Hypogene reserve and resource estimates have been compiled above a 0.20% copper equivalent cutoff. Proven and probable hypogene reserves are expected to feed the concentrator until 2029.</font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Duck Pond</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Duck Pond mine began commercial production in April 2007. Reserve reductions associated with 2008 mine production (585,000 tonnes) were offset by refinements to the reserve model and mine design. Reserve and resource estimates were prepared using US$2.75/lb copper, US$0.95/lb zinc, US$13.50/oz silver and a C$1.05 per US$1.00 exchange rate.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Red Dog</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Reserve changes at Red Dog are consistent with normal mining depletion. Mine production removed 3 million tonnes of reserves from the main pit in 2008. Proven reserves have been drill defined at 30 metre centres, probable reserves at 60 metre centres and indicated resources at greater than 60 metre centres. All mineral reserves and indicated resources are mineable by open pit methods and assume a
            US$0.75/lb zinc and US$0.40/lb lead price. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Pend Oreille</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In mid-December, Teck announced the temporary suspension of operations at the Pend Oreille operation due to reduced metal demand and the persistent weakness in zinc prices. The operation will be placed on &ldquo;care and maintenance&rdquo; until market conditions improve. Mineral reserves and resources estimates assume US$0.95/lb zinc and US$0.90/lb lead. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Other Copper and Zinc Resources</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In 2008, Teck acquired a 100% interest in the Relincho property in central Chile. Indicated and inferred resources, compiled in the 2008 statement, were prepared using US$1.80/lb copper and US$10.00/lb molybdenum.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Mineral resource estimates at San Nicolas were based on assumed prices of US$0.90/lb copper and US$0.50/lb zinc (2001 study). Historic estimates at Kudz Ze Kayah were prepared in 1995 prior to the adoption of NI 43-101 reporting standards. These estimates are reported using resource classification categories that conform to those prescribed by NI 43-101 but are not supported by quality assurance and
            quality control procedures that conform to current practice. Management has reclassified material from the measured or indicated resource category to the inferred category. Nonetheless, management believes these estimates are reliable and relevant because they are based on engineering studies prepared prior to 2000 in accordance with then-prudent engineering practice.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Coal </font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In 2008, Teck increased its interest in the Elk Valley Coal Partnership to 100% and renamed it Teck Coal. At all coal operations, coal reserves are reported in metric tonnes of clean coal after mining and processing losses. Reserve and resource estimates assume a US$90/t coking coal price (FOB) at Roberts Bank terminal. All reserve and resource estimates assume a C$1.10 per US$1.00 exchange rate.
            Proven and probable reserves, at the six operating coal mines, were increased by 24 million tonnes to 651 million tonnes of clean coal. A major redesign of the Greenhills North Pit at Fording River (+46 million tonnes), in conjunction with additional drilling, accounted for all of the increase as well as offsetting the overall Teck Coal production of 23.9 million tonnes. Resources are reported as raw coal and do not include losses for mining and processing. Resources were reduced as
            a result of a change in methodology (except at Elkview and Fording River where the new methodology was used for 2007 reporting). Measured and </font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Indicated Resources dropped 655 million tonnes (15%) to 3,813 million tonnes, and Inferred Resources decreased 1,247 million tonnes (37%) to 2,127 million tonnes.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Pogo</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Pogo reserves have increased slightly since 2007. The combined impact of higher gold price, operating costs and drill definition offset 2008 mine production. Mineral reserve and resource estimates assume a US$750/oz gold price will sustain mine operations until 2015. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Williams</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Mineral reserve and resource estimates on the Williams property assume a US$750/oz gold for reserves and US$850/oz for resources. All reserve and resource estimates assume a C$1.05 per US$1.00 exchange rate. Mine production in 2008 removed 1.6 million tonnes from the open pit reserve and 890,000 tonnes from the underground reserve</font><font color="#c00000"><font size="2">.</font></font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">David Bell</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Mine production in 2007 removed 267,000 tonnes from reserve and 6,000 tonnes from resource. Definition drilling transferred 153,000 tonnes from resource to reserve. Mineral reserve and resource estimates assume a gold price of US$750/oz for reserves and US$850/oz for resources. All reserve and resource estimates assume a C$1.05 per US$1.00 exchange rate.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Other Gold Properties</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Mineral resources at Morelos were estimated using an assumed gold price of US$500/oz. A prefeasibility study and additional drill definition of the deposit was completed in 2007.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><b><font size="2">Risks and Uncertainties</font></b></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Mineral Reserves and Mineral Resources are estimates of the size and grade of the deposits based on the assumptions and parameters currently available. These assumptions and parameters are subject to a number of risks and uncertainties, including, but not limited to, future changes in metals prices and/or production costs, differences in size, grade, continuity, geometry or location of mineralization
            from that predicted by geological modeling, recovery rates being less than those expected and changes in project parameters due to changes in production plans. There are no known environmental, permitting, legal, title, taxation, sociopolitical, marketing or other issues that are currently expected to materially affect the mineral reserves or resources. Certain operations will require further permits over the course of their operating lives in order to continue operating. Where
            management expects such permits to be issued in the ordinary course, material that may only be mined after such permits are issued is included in proven and probable reserves. Specific current permitting issues are described in the narrative concerning the relevant operation under the heading &ldquo;General Description of the Business&rdquo;.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Qualified Persons</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Estimates of the mineral reserves and resources for our material properties, other than Antamina, Elkview, Fording River, Greenhills, Coal Mountain, Line Creek and Cardinal River, have been prepared under the general supervision of Paul C. Bankes, P.Geo., who is an employee of Teck Cominco. Mineral reserve and resource estimates for Antamina have been prepared under the supervision of Americo
            Zuzunaga, AIMM, who is an employee of Compa&ntilde;&igrave;a Minera Antamina. Messrs.&nbsp;Bankes and Zuzunaga are Qualified Persons for the purposes of National Instrument 43-101. Estimates of </font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">reserves and resources at Elkview, Fording River, Greenhills, Coal Mountain, Line Creek and Cardinal River were prepared under the general supervision of Don Mills P.Geol. and Ross Pritchard P.Eng., employees of Teck Coal Limited, who are the Qualified Persons for the purposes of National Instrument 43&ndash;101.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">OIL AND GAS RESOURCES</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">A contingent resource for oil and gas reporting purposes is different that a mineral resource. Contingent resources are estimated in accordance with the standards set out in the Canadian Oil and Gas Evaluation Handbook. Contingent resources are defined in the handbook as those quantities of oil and gas that are estimated on a given date to be potentially recoverable from known accumulations but are
            not currently economic. There is no certainty that it will be commercially viable to produce any portion of the resources. </font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2"><strong>Fort Hills Project</strong></font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We hold a 20% limited partnership interest in the Fort Hills Partnership, which is developing the Fort Hills oil sands project. The Fort Hills Partnership retained independent reserves evaluators Sproule Unconventional Limited (&ldquo;Sproule&rdquo;) to prepare a geological audit of the contingent bitumen resource estimated for the Fort Hills project as at December 31, 2008.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The range of contingent bitumen resources associated with the proposed Fort Hills oil sands project as audited by Sproule is summarized as follows:</font></p>

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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: center"><font size="2">December 31, 2008</font></p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: center"><font size="2">Contingent Bitumen Resource</font></p>
                        </td>
                    </tr>

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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="329">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="154">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: right"><font size="2">100% </font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: right"><font size="2">(billion barrels)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="154">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: right"><font size="2">Our 20% share </font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: right"><font size="2">(million barrels)</font></p>
                        </td>
                    </tr>

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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="154">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="154">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="329">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify"><font size="2">Low estimate</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="154">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: right"><font size="2">2.10</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="154">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: right"><font size="2">420</font></p>
                        </td>
                    </tr>

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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="329">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify"><font size="2">Best estimate</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="154">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: right"><font size="2">3.88</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="154">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: right"><font size="2">776</font></p>
                        </td>
                    </tr>

                    <tr>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify"><font size="2">High estimate</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="154">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: right"><font size="2">4.35</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="154">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: right"><font size="2">870</font></p>
                        </td>
                    </tr>
                </table>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The bitumen estimates in the above table were calculated on the basis of the amount of bitumen that can be mined and recovered in the proposed extraction plant. The current FEED mine plan for the project is the basis of the best estimate.</font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2"><strong>Teck Cominco/UTS Joint Venture</strong></font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Frontier and Equinox Projects</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Together with UTS, we have jointly acquired oil sands leases on approximately 285,000 acres of land in the Athabasca region of northern Alberta. The Equinox Project (formerly known as Lease 14) covers approximately 7,150 acres and adjoins the northwest corner of the Fort Hills property.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 34</font></a></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Teck /UTS Joint Venture completed 353 core holes in the first quarter of 2008, of which 325 holes were in the Frontier Project area. Full assay and test results have been completed on the cores from the 2007/2008 winter exploration program, the geological model has been updated and a contingent resource estimate has been prepared by Sproule for the southern portion of the Frontier project. As at
            December 31, 2008, Sproule, as independent reserve evaluators, presented a contingent resource estimate for the southern portion of the Frontier project. Our 50% interest in the Frontier project represents 774 million barrels of recoverable bitumen based on Sproule&rsquo;s best estimate of the contingent bitumen resource of 1.55 billion barrels of recoverable bitumen, with a low estimate of 980 million barrels and a high estimate of 2.55 billion barrels, on a 100% basis. Engineering
            studies are expected to start on the Frontier Project in 2009.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Engineering studies continue on the Equinox Project, which included running a 1,500 tonne bulk sample through a pilot plant in the second half of 2008 to develop process design parameters for both the Equinox and Frontier Projects. A Design Basis Memorandum study is expected to be completed on Equinox in the first quarter of 2009. The joint venture continues to advance the project through the
            permitting process. At December 31, 2008, our 50% interest in the Equinox project represents 166 million barrels of recoverable bitumen based on Sproule&rsquo;s best estimate of the contingent bitumen resource of 333 million barrels of recoverable bitumen, with a low estimate of 230 million barrels and a high estimate of 380 million barrels, on a 100% basis.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Contingent Resource Estimates</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Volumes of contingent bitumen resources are calculated at the outlet of the proposed extraction plant. There is no certainty that it will be commercially viable to produce any portion of the contingent bitumen resources. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Contingent resources are defined in the Canadian Oil and Gas Evaluation Handbook as published by the Canadian Section of the Society of Petroleum Evaluation Engineers as those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be
            commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political and regulatory matters or a lack of markets. It is also appropriate to classify as &lsquo;&lsquo;contingent resources&rsquo;&rsquo; the estimated discovered recoverable quantities associated with a project in the early project stage.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">There is no certainty that any of the Fort Hills project, the Equinox project or the Frontier project will produce any portion of the volumes currently classified as &ldquo;contingent resources&rdquo;. The primary contingencies which currently prevent the classification of the contingent resources disclosed above as reserves consist of: current uncertainties around the specific scope and timing of
            the development of each of the Fort Hills project, the Equinox project or the Frontier project; lack of regulatory approvals for certain aspects of such projects; the uncertainty regarding marketing plans for production from the subject areas; improved estimation of project costs; commodity price fluctuations; in the case of the Fort Hills project, the acceptance within the Fort Hills partnership of the updates to the Fort Hills project scope, timing, costs estimates and final Board
            of Directors approval of each of the Fort Hills Partnership general and limited partners; and those other risks and contingencies described below under &ldquo;Cautionary Statement on Forward-Looking Information&rdquo; and in the public filings described there. Contingent resources do not constitute, and should not be confused with, reserves. There is no certainty that it will be commercially viable to produce any portion of the contingent bitumen resources.</font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 35</font></a></p>
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            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">SAFETY AND ENVIRONMENTAL PROTECTION</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our current and future operations, including development activities and commencement of production on our properties or areas in which we have an interest, are subject to laws and regulations in Canada and elsewhere governing occupational health and safety, protection and remediation of the environment, site reclamation, management of toxic substances and similar matters. Compliance with these laws
            and regulations affects the costs of and can affect the schedule for planning, designing, developing, constructing, operating, closing and remediating our mines, refineries and other facilities.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Whether in Canada or abroad, we attempt to apply technically proven and economically feasible measures to protect the environment and worker health throughout exploration, mining, processing and closure. Although we believe that our operations and facilities are currently in substantial compliance in all material respects with all existing laws, regulations and permits, there can be no assurance that
            additional significant costs will not be incurred to comply with current and future regulations or that liabilities associated with non-compliance will not occur. We are often an active participant in public regulatory review, revision and development processes with government agencies, and as such typically have reasonable insight regarding emerging regulatory developments and trends. Through this activity we are able to more accurately estimate risks and liabilities associated
            with current and future safety and environmental matters. We conduct regular environmental and safety and health audits. The overall objective of our audits is to identify environment, health and safety risks, assess regulatory compliance and conformance with applicable laws, and assess conformance with appropriate environment, health and safety management systems and good management practices.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">For accounting purposes, current costs associated with permit compliance are treated as normal operating costs necessary to maintain operations on an ongoing basis. In addition, amounts are accrued in our accounts to provide for certain and likely future reclamation, site restoration and other closure costs. Financial guarantees of various forms are posted, if required, with various governmental
            authorities as security to cover estimated reclamation obligations. Our provisions for future reclamation and site restoration are estimated based on known requirements. The reclamation programs are guided by land capability assessments, which integrate several factors in the reclamation approach including biological diversity, establishment of sustainable vegetation, diversity of physical landforms and requirements for wildlife habitat. All of our mining operations have closure and
            reclamation plans in place and these undergo regular updates. In addition to reclamation of operating mines, certain idle and closed mines are under continuous care and maintenance as well as progressive closure. Cost estimates for these planned and anticipated closure and remediation activities are reviewed on a regular basis and revised as plans for individual sites are refined and implemented, typically with input and oversight from regulatory agencies and other stakeholders. We
            estimate our Asset Retirement Obligations as at December 31, 2008 to be $669 million. Of that amount, we expect to spend approximately $16 million in 2009. We have letters of credit and other bonding in place to secure our reclamation obligations in the aggregate amount of approximately $376 million.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Climate change is clearly one of the most significant environmental issues facing society. Regulations are rapidly being developed in many jurisdictions and current and anticipated future costs, while still highly uncertain, are becoming somewhat clearer. Of the jurisdictions in which we operate, the province of British Columbia, Canada was one of the first to introduce climate change regulations
            which had a direct cost associated with fossil fuel use. For the second half of 2008 our seven BC-based operations paid approximately $5.9 million in provincial carbon tax. We anticipate that this will increase to approximately $35-40 million per year in carbon tax in British Columbia by 2012 as a consequence of planned increases </font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 36</font></a></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">in the tax rate from $10/tonne of CO2e to $30/tonne of CO2e. We may in the future face similar taxation in other jurisdictions.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In January of 2008, the government of Alberta announced a plan to reduce carbon emissions intensity to 50% below 1990 levels by 2020. Major emitters (those over 100,000 tonnes/yr.) are required to reduce their emissions intensity by 12% as compared to their established baseline. For new construction projects, the plan is applicable three years after start-up. We are reviewing the effect of this
            legislation on the design and costs of our oil sands projects. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">While climate change regulations have yet to be finalized in most other jurisdictions in which we operate we anticipate that regional, national, or international regulations will ultimately be established which seek to reduce GHG emissions. It appears likely that many will be based on cap and trade mechanisms. A reduction target that has been frequently proposed by several governments is a 20% net
            reduction in emissions by 2020. For Teck, 20% of current direct GHG emissions equates to roughly 500,000 tonnes of CO2e. Compliance costs for that amount of GHG emissions reduction or an equivalent purchase of credits or offsets are highly uncertain at this point. However, if costs are assumed to fall in the range of $10 to $50/tonne of CO2e then our compliance costs might be roughly in the order of $5 to $25 million per year. These figures are only meant to be illustrative of the
            order of magnitude of costs that might be anticipated for Teck if all jurisdictions in which we operated implemented cap and trade regulations of this nature. The cost of Teck&rsquo;s activities to comply with various climate change regulations will ultimately be determined by the regulations themselves and by the markets which evolve for carbon credits and offsets. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In order to obtain mining permits and approvals from regulatory authorities, mine operators must submit a reclamation plan for restoring, upon the completion of mining operations, the mined property to its prior condition, productive use or other permitted condition. Typically, we submit the necessary permit applications several months or even years before we plan to begin mining. Some of our
            required permits are becoming increasingly more difficult and expensive to obtain, and the application and review processes are taking longer to complete and becoming increasingly subject to challenge.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Recent changes to other key environmental and similar regulations that could have a material impact on our business include:</font></p>

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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">In Oct. 2008 the US EPA revised the National Ambient Air Quality Standard (NAAQS) for lead. The new standard of 0.15 &micro;g/m3, which is 10 times lower than the previous standard, will be phased in over the next few years with attainment ultimately required by 2017. This new standard poses some challenges for the primary and secondary lead
                            industries in the US. Our Red Dog mine anticipated this change and has already started the process of determining whether this change will impact the operation. </font></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Safety performance and workplace hygiene are key priorities for us. Safety statistics are collected from each operation monthly. Targets for safety performance are set each year and are used in determining management compensation. Safety and worker hygiene incidents are thoroughly investigated and finding reports are shared across our business, and occasionally across the industry, to assist in the
            prevention of similar incidents. At this time the Company does not anticipate significant liability associated with long- term occupational health issues.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 37</font></a></p>
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            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">SOCIAL AND ENVIRONMENTAL POLICIES</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We have adopted and implemented social and environmental policies that are fundamental to our operations. Our operating practices are governed by the principles set out in our Charter of Corporate Responsibility (the &ldquo;Charter&rdquo;) and Code of Business, Environmental and Health &amp; Safety Practices (the &ldquo;Code&rdquo;). The Charter sets out corporate commitments related to ethical
            business conduct, providing a workplace free of discrimination, open and fair dealings with all stakeholders, and support for sustainable development. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Code sets out specific requirements in areas related to (i) legal compliance and ethical business conduct, (ii) prohibition of discriminatory conduct and commitment to job selection on the basis of merit and ability, (iii) identification, control and promotion of safety and health performance, (iv) sound environmental conduct and continuous improvement in performance, (v) regular auditing of
            environmental, health, safety and emergency preparedness, (vi) continual improvement of environmental, health and safety management systems, (vii) closure and reclamation planning as a component of all development projects, (viii) the safe use, reuse and recycling of products, (ix) support for research on environmental, health and safety performance, (x) fostering dialogue with stakeholders and respect for the rights, interests, and aspirations of indigenous people, and (xi) support
            for local communities and their development. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In addition to the Charter and Code, we have adopted a Health and Safety Policy, a Health and Safety Guide for Exploration, and a Code of Ethics. We have taken steps to implement the Charter, Code and policies through adoption of Environmental, Health and Safety Management Standards, which provide direction to all operations and auditable criteria against which performance is measured.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We set objectives in these areas for improvement on an annual basis and these are used to determine specific objectives for corporate and operational groups within our organization. Overall responsibility for achievement of objectives rests with senior personnel. Our Safety and Sustainability Committee of the Board which reports to the Board of Directors, and our Corporate Environment and Risk
            Management Committee and our Product Stewardship Committee, which are comprised of members of senior management, provide oversight in these areas. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We measure our performance on an ongoing and comprehensive basis. Internal monthly and quarterly environmental reporting tracks performance indicators including compliance with permits, environmental monitoring, health and safety performance, materials inputs and outputs, community concerns expressed and actions taken in response, and reclamation and remediation activities. We report publicly on our
            performance through our Sustainability Report and website.</font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">HUMAN RESOURCES </font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">As at December 31, 2008 there were approximately 9,000 employees working at the various operations we managed. Collective bargaining agreements covering unionized employees at our material operations are as follows:</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 38</font></a></p>
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                <table style="MARGIN-LEFT: 63.9pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="426" border="0">
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="216">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="210">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Expiry Date of Collective Agreement</font></b></p>
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                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Trail</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">May 31, 2012</font></p>
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                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">David Bell</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">October 31, 2010</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="216">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Antamina</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">July 24, 2009</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="216">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Highland Valley Copper</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">September 30, 2011</font></p>
                        </td>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="216">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Quebrada Blanca</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">January 31, 2012</font></p>
                        </td>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="216">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Andacollo</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">December 31, 2011</font></p>
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                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Elkview</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">October 31, 2010</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="216">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Coal Mountain</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">December 31, 2009</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="216">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Line Creek</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">May 31, 2009</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="216">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Fording River</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">April 30, 2011</font></p>
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                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Cardinal River</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1.5pt solid" valign="top" width="210">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30, 2012</font></p>
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            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">TECHNOLOGY </font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck undertakes and participates in a number of research and development projects designed to improve exploration, extraction, product and operational technologies, and reduce costs by improving efficiencies. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We have research and technology facilities located in our CESL research facility in Richmond, B.C., our Product Technology Center in Mississauga, Ontario and our Applied Research and Technology group located in Trail, B.C. The primary focus of these facilities is the development of new mineral processing technologies and the development of new applications for, and the refinement of existing
            technologies using, our principal refined products. Other business units receive support on an as-needed basis. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our research and development expense for 2008 and 2007 was $23 million and $32 million, respectively. </font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">FOREIGN OPERATIONS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Red Dog mine and the Pogo mine located in Alaska, U.S.A., the Pend Oreille mine in Washington State, the Antamina mine located in Peru and the Quebrada Blanca and Andacollo mines located in Chile are our significant assets located outside of Canada. We hold our 22.5% interest in Antamina through our equity interest in the operating company for the mine, CMA. We hold a 100% interest in the Red Dog
            mine, subject to the royalty in favour of NANA described under the heading &ldquo;Individual Operations - Zinc - Red Dog&rdquo; above. We hold a 50% interest in the Pillara mine at Lennard Shelf. We own 76.5% and 90%, respectively, of the Chilean operating companies that own Quebrada Blanca and Andacollo. Foreign operations accounted for 32% of our 2008 consolidated revenue and represented approximately 31% of our total assets as at December 31, 2008.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We also have interests in various exploration and development projects in various foreign countries, with significant activities in the United States, Ireland, Mexico, Peru, Chile, Brazil, Australia, Turkey and Namibia. We currently have foreign exploration offices in all of the foregoing countries.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">See &ldquo;Risk Factors&ndash; Foreign Activities&rdquo; for further information on the risks associated with these foreign properties.</font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">COMPETITIVE CONDITIONS </font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our business is to sell base metals, metal concentrates, by-product metals and concentrate, metallurgical coal and gold at prices determined by world markets over which we have no influence or control. These markets are cyclical. Our competitive position is determined by our costs compared to those of other </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 39</font></a></p>
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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">producers throughout the world, and by our ability to maintain our financial integrity through metal and coal price cycles and currency fluctuations. Costs are governed principally by the location, grade and nature of ore bodies and mineral deposits, the location of our metal refining facility and its cost of power and, as well, by operating and management skill.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Over the long term, our competitive position will be determined by our ability to locate, acquire and develop economic ore bodies and replace current production, as well as by our ability to hire and retain skilled employees. In this regard, we also compete with other mining companies for employees, mineral properties, for joint venture agreements and for the acquisition of investments in other
            mining companies.</font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">RISK FACTORS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Before making an investment decision, you should carefully consider the risks and uncertainties described below as well as the other information contained and incorporated by reference in this Annual Information Form. These risks and uncertainties are not the only ones facing us. Additional risks and uncertainties not presently known to us or that we currently consider immaterial may also impair our
            business operations. If any such events actually occur, our business, prospects, financial condition, cash flows and operating results could be materially harmed.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Our overall level of indebtedness and the amount of debt maturity within 12 months.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">As of December 31, 2008, we and our consolidated subsidiaries had a total indebtedness of $12.9 billion. $7.8 billion of that indebtedness is due within the next 12 months. Even if we are successful in renegotiating our debt maturities, our degree of leverage will have significant consequences. We will be required to dedicate substantially all of our cash flows from operations to making interest and
            principal payments on our indebtedness, limiting our ability to fund capital expenditures, working capital and other general corporate purposes. We are in the process of attempting to sell certain assets in order to apply the proceeds to reduction of our indebtedness. There can be no assurance that these efforts will be successful, or that if they are successful, the proceeds will be sufficient. We may be required to issue equity to reduce indebtedness. Our indebtedness will limit
            our flexibility in planning for or reacting to changes in our business and the industry in which we operate, including cyclical downturns in our industry, and may place us at a competitive disadvantage compared to our competitors that have less debt.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Some of our financing agreements contain financial and other covenants that, if breached by us, may require us to redeem, repay, repurchase or refinance our existing debt obligations prior to their scheduled maturity. Our ability to refinance such obligations may be restricted due to prevailing conditions in the capital markets, available liquidity and other factors.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We are party to a number of financing agreements, including our bridge and term credit facilities and the indenture governing our various senior notes, which agreements, indentures and instruments contain financial and other covenants. In order to refinance our indebtedness under our bridge credit facility, we may issue additional notes under more onerous covenants. If we were to breach financial or
            other covenants contained in our financing agreements, we may be required to redeem, repay, repurchase or refinance our existing debt obligations prior to their scheduled maturity and our ability to do so may be restricted or limited by the prevailing conditions in the capital markets, available liquidity and other factors. If we are unable to refinance any of our debt obligations in such circumstances, our ability to make capital expenditures and our financial condition and cash
            flows could be adversely impacted.</font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In addition, from time to time, new accounting rules, pronouncements and interpretations are enacted or promulgated which may require us, depending on the nature of such new accounting rules, pronouncements and interpretations, to reclassify or restate certain elements of our financing agreements and other debt instruments, which may in turn cause us to be in breach of the financial or other
            covenants contained in our financing agreements and other debt instruments.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We may not be able to finance a change of control offer required by our credit agreements and the indentures governing our various notes because we may not have sufficient funds at the time of the change of control.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">If we were to experience a change of control (as defined under each of the relevant indentures governing our various notes and under our credit facilities), we would, under certain of the indentures, be required to make an offer to purchase all of the notes, debentures or other debt securities issued thereunder then outstanding at a specified premium to the principal amount (often 101%) plus accrued
            and unpaid interest, if any, to the date of purchase, or to repay indebtedness under the relevant credit facilities. However, we may not have sufficient funds at the time of the change of control to make the required repurchase of the notes, debentures or other debt securities.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We face risks in the mining and metals business.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The business of exploring for minerals is inherently risky. Few properties that are explored are ultimately developed into producing mines.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Mineral properties are often non-productive for reasons that cannot be anticipated in advance. Even after the commencement of mining operations, such operations may be subject to risks and hazards, including environmental hazards, industrial accidents, unusual or unexpected geological formations, unanticipated metallurgical difficulties, ground control problems and flooding. The Trail metallurgical
            operations, and our concentrate mills and coal preparation plants are also subject to risks of process upsets and equipment malfunctions. Equipment and supplies may from time to time be unavailable on a timely basis. The occurrence of any of the foregoing could result in damage to or destruction of mineral properties or production facilities, personal injuries or death, environmental damage, delays or interruption of production, increases in production costs, monetary losses, legal
            liability and adverse governmental action. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Our insurance may not provide adequate coverage.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our property, business interruption and liability insurance may not provide sufficient coverage for losses related to these or other hazards. Insurance against certain risks, including certain liabilities for environmental pollution, may not be available to us or to other companies within the industry. In addition, our insurance coverage may not continue to be available at economically feasible
            premiums, or at all. Any such event could have a material adverse affect on our business.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We could be subject to potential labour unrest or other labour disturbances as a result of the failure of negotiations in respect of our collective agreements.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Over 5,300 of our approximately 9,000 employees are employed under collective bargaining agreements. We could be subject to labour unrest or other labour disturbances as a result of delays in or the failure of negotiations in respect of our collective agreements, which could, while ongoing, have a material adverse effect on our business.</font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We may not be able to hire enough skilled employees to support our operations.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We compete with other mining companies to attract and retain key executives and skilled and experienced employees. The mining industry is labour intensive and our success depends to a significant extent on our ability to attract, hire, train and retain qualified employees, including our ability to attract employees with needed skills in the geographic areas in which we operate. We could experience
            increases in our recruiting and training costs and decreases in our operating efficiency, productivity and profit margins, if we are not able to attract, hire and retain a sufficient number of skilled employees to support our operations.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We could become subject to material pension liabilities.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We have assets in defined benefit pension plans which arise through employer contributions and returns on investments made by the plans. The returns on investments are subject to fluctuations depending upon market conditions and we are responsible for funding any shortfall of pension assets compared to our pension obligations under these plans.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We also have certain obligations to former employees with respect to post-retirement benefits. The cost of providing these benefits can fluctuate and the fluctuations can be material.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our liabilities under defined benefit pension plans and in respect of other post-retirement benefits are estimated based on actuarial and other assumptions. These assumptions may prove to be incorrect and may change over time and the effect of these changes can be material.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Fluctuations in the market price of base metals, specialty metals, metallurgical coal and gold may significantly affect the results of our operations.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The results of our operations are significantly affected by the market price of base metals, specialty metals, metallurgical coal and gold, which are cyclical and subject to substantial price fluctuations. Our earnings are particularly sensitive to changes in the market price of zinc, copper and metallurgical coal. Market prices can be affected by numerous factors beyond our control, including levels
            of supply and demand for a broad range of industrial products, substitution of new or different products in critical applications for our existing products, expectations with respect to the rate of inflation, the relative strength of the Canadian dollar and of certain other currencies, interest rates, speculative activities, global or regional political or economic crises and sales of gold and base metals by holders in response to such factors. If prices should decline below our
            cash costs of production and remain at such levels for any sustained period, we could determine that it is not economically feasible to continue commercial production at any or all of our mines. We may also curtail or suspend some or all of our exploration activities, with the result that our depleted reserves are not replaced.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our general policy is not to hedge changes in prices of our mineral production. From time to time, however, we may undertake hedging programs in specific circumstances, with an intention to reduce the risk of a commodity&rsquo;s market price while optimizing upside participation, to maintain adequate cash flows and profitability to contribute to the long-term viability of our business. There are,
            however, risks associated with hedging programs including, among other things, an increase in the world price of the commodity, an increase in gold lease rates (in the case of gold hedging), an increase in interest rates, rising operating costs, counterparty risks and production interruption events.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Fluctuations in the price and availability of consumed commodities affect our costs of production.</font></b></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Prices and availability of commodities consumed or used in connection with exploration, development, mining, smelting and refining, such as natural gas, diesel, oil and electricity, as well as reagents such as copper sulfate, also fluctuate and these fluctuations affect the costs of production at our various operations. Our smelting and refining operations at Trail require concentrates that we
            purchase from third parties. The availability of those concentrates and the treatment charges we can negotiate fluctuate depending on market conditions. These fluctuations can be unpredictable, can occur over short periods of time and may have a materially adverse impact on our operating costs or the timing and costs of various projects. Our general policy is not to hedge our exposure to changes in prices of the commodities we use in our business.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Our ability to acquire properties may be affected by competition from other mining companies.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Because the life of a mine is limited by its ore reserves, we are continually seeking to replace and expand our reserves through the exploration of our existing properties as well as through acquisitions of interests in new properties or of interests in companies which own such properties. We encounter strong competition from other mining companies in connection with the acquisition of properties.
            This competition may increase the cost of acquiring suitable properties, should such properties become available to us.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We face competition in product markets.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The mining industry in general is intensely competitive and even if commercial quantities of mineral resources are developed, a profitable market may not exist for the sale of such minerals. We must sell base metals, metal concentrates, by-product metals and concentrate, metallurgical coal and gold at prices determined by world markets over which we have no influence or control. Our competitive
            position is determined by our costs in comparison to those of other producers in the world. If our costs increase due to our locations, grade and nature of ore bodies, foreign exchange rates, or our operating and management skills, our profitability may be affected. We have to compete with larger companies that have greater assets and financial and human resources than us, and which may be able to sustain larger losses than us to develop or continue business.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We may face restricted access to markets in the future.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Access to our markets may be subject to ongoing interruptions and trade barriers due to policies and tariffs of individual countries, and the actions of certain interest groups to restrict the import of certain commodities. Although there are currently no significant trade barriers existing or impending of which we are aware that do, or could, materially affect our access to certain markets, there
            can be no assurance that our access to these markets will not be restricted in the future.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Our reserve and resource estimates may prove to be incorrect.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Disclosed reserve estimates should not be interpreted as assurances of mine life or of the profitability of current or future operations. We estimate and report our mineral reserves and resources in accordance with the requirements of the applicable Canadian securities regulatory authorities and industry practice.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We estimate and report oil and gas reserves and resources in accordance with the requirements of the applicable Canadian securities regulatory authorities and industry practice. Estimates of reserves and resources for oil and gas reporting purposes are not comparable to mineral reserve and resource estimates.</font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The SEC does not permit mining companies in their filings with the SEC to disclose estimates other than mineral reserves. However, because we prepared this disclosure document in accordance with Canadian disclosure requirements, this disclosure document also incorporates estimates of mineral resources. Mineral resources are concentrations or occurrences of minerals that are judged to have reasonable
            prospects for economic extraction, but for which the economics of extraction cannot be assessed, whether because of insufficiency of geological information or lack of feasibility analysis, or for which economic extraction cannot be justified at the time of reporting. Consequently, mineral resources are of a higher risk and are less likely to be accurately estimated or recovered than mineral reserves.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our mineral reserves and resources are estimated by persons who are employees of the respective operating company for each of our operations under the supervision of our employees. These individuals are not &ldquo;independent&rdquo; for purposes of applicable securities legislation. As a rule, we do not use outside sources to verify mineral reserves or resources except at the initial feasibility
            stage.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The mineral and oil and gas reserve and resource figures incorporated in this disclosure document by reference are estimates based on the interpretation of limited sampling and subjective judgments regarding the grade, continuity and existence of mineralization, as well as the application of economic assumptions, including assumptions as to operating costs, foreign exchange rates and future commodity
            prices. The sampling, interpretations or assumptions underlying any reserve or resource estimate may be incorrect, and the impact on reserves or resources may be material. Should the mineralization and/or configuration of a deposit ultimately turn out to be significantly different from that currently envisaged, then the proposed mining plan may have to be altered in a way that could affect the tonnage and grade of the reserves mined and rates of production and, consequently, could
            adversely affect the profitability of the mining operations. In addition, short term operating factors relating to the reserves, such as the need for orderly development of ore bodies or the processing of new or different ores, may cause reserve and resource estimates to be modified or operations to be unprofitable in any particular fiscal period.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">There can be no assurance that our projects or operations will be, or will continue to be, economically viable, that the indicated amount of minerals or petroleum products will be recovered or that they will be recovered at the prices assumed for purposes of estimating reserves.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">The depletion of our mineral reserves may not be offset by future discoveries or acquisitions of mineral reserves.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We must continually replace mineral reserves depleted by production to maintain production levels over the long term. This is done by expanding known mineral reserves or by locating or acquiring new mineral deposits.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">There is, however, a risk that depletion of reserves will not be offset by future discoveries of mineral reserves. Exploration for minerals and oil and gas is highly speculative in nature and the projects involve many risks. Many projects are unsuccessful and there are no assurances that current or future exploration programs will be successful. Further, significant costs are incurred to establish
            mineral or oil and gas reserves and to construct mining and processing facilities. Development projects have no operating history upon which to base estimates of future cash flow and are subject to the successful completion of feasibility studies, obtaining necessary government permits, obtaining title or other land rights and availability of financing. In addition, assuming discovery of an economic orebody, depending on the type of mining operation involved, many years may elapse
            from the initial phases of drilling until commercial operations are commenced. Accordingly, there can be no assurances that our current work programs will </font></p>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">result in any new commercial mining operations or yield new reserves to replace and/or expand current reserves.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We face risks associated with the issuance and renewal of environmental permits.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Numerous governmental permits or approvals are required for mining operations. We have significant permitting activities currently underway for new projects and for the expansion of existing operations. These include the Aqqaluk deposit at the Red Dog Mine, the Fort Hills and Frontier/Equinox Oil Sands projects, coal mine expansions in the Elk Valley, and the expansion of the Highland Valley Copper
            Mine. When we apply for these permits and approvals, we are often required to prepare and present data to various government authorities pertaining to the potential effects or impacts that any proposed project may have upon the environment. The authorization, permitting and implementation requirements imposed by any of these authorities may be costly and time consuming and may delay commencement or continuation of mining operations. Regulations also provide that a mining permit or
            modification can be delayed, refused or revoked. Past or ongoing violations of government mining laws could provide a basis to revoke existing permits and to deny the issuance of additional permits.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We may be adversely affected by currency fluctuations.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our operating results and cash flow are affected by changes in the Canadian dollar exchange rate relative to the currencies of other countries. Exchange rate movements can have a significant impact on results as a significant portion of our operating costs are incurred in Canadian and other currencies and most revenues are earned in U.S. dollars. To reduce the exposure to currency fluctuations, we
            enter into limited foreign exchange contracts from time to time, but these hedges do not eliminate the potential that such fluctuations may have an adverse effect on us. In addition, foreign exchange contracts expose us to the risk of default by the counterparties to such contracts, which could have a material adverse effect on our business.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We may be adversely affected by interest rate changes.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our exposure to changes in interest rates results from investing and borrowing activities undertaken to manage our liquidity and capital requirements. We have incurred indebtedness that bears interest at fixed and floating rates, and we have entered into interest rate swap agreements to effectively convert some fixed rate exposure to floating rate exposure. There can be no assurance that we will not
            be materially adversely affected by interest rate changes in the future. In addition, our use of interest rate swaps exposes us to the risk of default by the counterparties to such arrangements. Any such default could have a material adverse effect on our business.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Changes in environmental, health and safety laws may have a material adverse effect on our operations.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Environmental, health and safety legislation affects nearly all aspects of our operations, including mine development, worker safety, waste disposal, emissions controls and protection of endangered and protected species. Compliance with environmental, health and safety legislation can require significant expenditures and failure to comply with environmental, health or safety legislation may result in
            the imposition of fines and penalties, the temporary or permanent suspension of operations, clean-up costs arising out of contaminated properties, damages, and the loss of important permits. Exposure to these liabilities arises not only from our existing operations, but from operations that have been closed or sold to third parties. We are required to reclaim properties after mining is completed and specific requirements </font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">vary among jurisdictions. In some cases, we may be required to provide financial assurances as security for reclamation costs, which may exceed our estimates for such costs. Our historical operations have generated significant environmental contamination. We could also be held liable for worker exposure to hazardous substances. There can be no assurances that we will at all times be in compliance
            with all environmental, health and safety regulations or that steps to achieve compliance would not materially adversely affect our business.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Environmental, health and safety laws and regulations are evolving in all jurisdictions where we have activities. We are not able to determine the specific impact that future changes in environmental laws and regulations may have on our operations and activities, and our resulting financial position; however, we anticipate that capital expenditures and operating expenses will increase in the future
            as a result of the implementation of new and increasingly stringent environmental, health and safety regulations. For example, emissions standards for carbon dioxide and sulphur dioxide are becoming increasingly stringent as are laws relating to the use and production of regulated chemical substances. Further changes in environmental, health and safety laws, new information on existing environmental, health and safety conditions or other events, including legal proceedings based
            upon such conditions, or an inability to obtain necessary permits, could require increased financial reserves or compliance expenditures or otherwise have a material adverse effect on us. Changes in environmental, health and safety legislation could also have a material adverse effect on product demand, product quality and methods of production and distribution. In the event that any of our products were demonstrated to have negative health effects, we could be exposed to workers
            compensation and product liability claims which could have a material adverse effect on our business.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We are highly dependent on third parties for the provision of transportation services.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Due to the geographical location of many of our mining properties and operations, we are highly dependent on third parties for the provision of rail and port services. We negotiate prices for the provision of these services in circumstances where we may not have viable alternatives to using specific providers, or have access to regulated rate setting mechanisms. Contractual disputes, demurrage
            charges, rail and port capacity issues, availability of vessels and rail cars, weather problems or other factors can have a material adverse effect on our ability to transport materials according to schedules and contractual commitments.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our Red Dog mine operates year-round on a 24 hour per day basis. The annual production of the mine must be stored at the port site and shipped within an approximate 100-day window when sea ice and weather conditions permit. Two purpose-designed shallow draft barges transport the concentrates to deep water moorings. The barges cannot operate in severe swell conditions.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Unusual ice or weather conditions, or damage to the barges or ship loading equipment could restrict our ability to ship all of the stored concentrate. Failure to ship the concentrate during the shipping season could have a material adverse effect on our sales, as well as on our Trail metallurgical operations, and could materially restrict mine production subsequent to the shipping season.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Aboriginal title claims and rights to consultation and accommodation may affect our existing operations as well as development projects and future acquisitions.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Governments in many jurisdictions must consult with aboriginal peoples with respect to grants of mineral rights and the issuance or amendment of project authorizations. Consultation and other rights of aboriginal people may require accommodations, including undertakings regarding employment and other </font></p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 46</font></a></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">matters in impact and benefit agreements. This may affect our ability to acquire within a reasonable time frame effective mineral titles in these jurisdictions, including in some parts of Canada in which aboriginal title is claimed, and may affect the timetable and costs of development of mineral properties in these jurisdictions. The risk of unforeseen aboriginal title claims also could affect
            existing operations as well as development projects and future acquisitions. These legal requirements may affect our ability to expand or transfer existing operations or to develop new projects.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We operate in foreign jurisdictions and face added risks and uncertainties due to different economic, cultural and political environments.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our business operates in a number of foreign countries where there are added risks and uncertainties due to the different economic, cultural and political environments. Some of these risks include nationalization and expropriation, social unrest and political instability, uncertainties in perfecting mineral titles, trade barriers and exchange controls and material changes in taxation. Further,
            developing country status or an unfavourable political climate may make it difficult for us to obtain financing for projects in some countries.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We face risks associated with our development projects.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Fort&nbsp;Hills project is at an early stage of development, and a project development decision has been deferred in light of significant project cost escalation. Petro-Canada, as project operator, in consultation with UTS and us, will be responsible for further definition of the scope and parameters of the project and its design and development, and we have not developed a viable project
            execution plan. There can be no assurance that the development or construction activities will commence in accordance with current expectations or at all. The Galore Creek project is at a similar stage of development. Construction and development of these projects are subject to numerous risks, including, without limitation:</font></p>

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                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">&bull;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">risks resulting from the fact that the Fort&nbsp;Hills project and the Galore Creek project are at an early stage of development and therefore are subject to development and construction risks, including the risk of significant cost overruns and delays in construction, and technical and other problems;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="29">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">&bull;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">risks associated with delays in obtaining, or conditions imposed by, regulatory approvals;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="29">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">&bull;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">risks associated with obtaining amendments to existing regulatory approvals and additional regulatory approvals which will be required;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="29">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">&bull;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">risks of significant fluctuation in prevailing prices for copper, gold, oil, other petroleum products and natural gas, which may affect the profitability of the projects;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="29">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">&bull;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">risks resulting from the fact that we are a minority partner in the Fort&nbsp;Hills Energy Limited Partnership and major decisions with respect to project design and construction may be made without our consent;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="29">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">&bull;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">risks associated with the fact that our company and NovaGold Canada Inc. are 50% partners in the Galore Creek project and major project decisions require the agreement of both parties;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="29">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">&bull;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">risks associated with litigation; </font></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 47</font></a></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="29">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">&bull;</font></p>
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                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">risks resulting from dependence on third parties for services and utilities for the project;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="29">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">&bull;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">risks associated with the ability of our partners to finance their respective shares of project expenditures; and</font></p>
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                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="29">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">&bull;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">risks associated with our being in a position to finance our share of project costs, or obtaining financing for these projects on commercially reasonable terms or at all.</font></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Regulatory efforts to control greenhouse gas emissions could materially negatively affect our business.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our businesses include several operations that emit large quantities of carbon dioxide, or that produce or will produce products that emit large quantities of carbon dioxide when consumed by end users. This is particularly the case with our metallurgical coal operations and our oil sands projects. Carbon dioxide and other greenhouse gases are the subject of increasing public concern and regulatory
            scrutiny.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Kyoto Protocol is an international agreement that sets limits on greenhouse gas emissions from certain signatory countries. While the United States government has announced that it will not ratify the protocol, the Canadian Parliament voted to ratify its participation in this agreement and the Kyoto Protocol came into force in Canada on February&nbsp;16, 2005. The Kyoto agreement commits Canada
            to limit its net greenhouse gas emissions to 6% below the levels emitted in 1990. Canada&rsquo;s current level of greenhouse gas emissions significantly exceeds the agreed-upon limit.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In 2007, the Government of Canada announced a policy objective of reducing total Canadian greenhouse gas emissions by 20% below 2006 levels by 2020 and by 60% to 70% below that level by 2050. As part of this initiative, the federal Government intends to require reductions in emission intensity levels from certain industrial facilities, including oil and gas facilities and smelting and refining
            facilities, by 6% per year for each year from 2007 to 2010 and 2% per year each year thereafter. Affected facilities will be permitted to meet reduction targets by emissions trading or contributions to a technology fund, in addition to emissions abatement. Additional policy measures are anticipated in coming years under this federal policy framework.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In Alberta, the Climate Change and Emissions Management Act and the Specified Gas Emitters Regulation require certain existing large emitters (facilities, including oil sands facilities, that are releasing 100,000 tonnes or more of greenhouse gas emissions in any calendar year after and including 2003)&nbsp;to reduce their emissions intensity by 12% starting July&nbsp;1, 2007. The regulation also
            outlines options for meeting reduction targets. If reducing emissions intensity by 12% is not initially possible, large emitters will be able to invest in an Alberta-based technology fund to develop infrastructure to reduce emissions or to support research into innovative climate change solutions. Large emitters will be required to pay $15 per tonne to the technology fund for every tonne of emissions above the 12% reduction target. Alternatively, large emitters could also invest in
            Alberta-based projects outside their operations that reduce or offset emissions on their behalf.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In British Columbia, the provincial government has announced a policy goal of reducing greenhouse gas emission by at least 33% below current levels by 2020. In February 2008, the provincial government of British Columbia announced the imposition of carbon taxes on fuel beginning in July 2008. Under the proposal, the carbon tax rates on fuel increase annually through 2012. The legislation will
            increase our fuel costs, which would impact our competitiveness in the global marketplace. The provincial government </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 48</font></a></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">is also currently contemplating &ldquo;cap and trade&rdquo; legislation that could impose additional costs on our operations located in the province.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The primary source of greenhouse gas emissions in Canada is the use of hydrocarbon energy. Our operations depend significantly on hydrocarbon energy sources to conduct daily operations, and there are typically no economic substitutes for these forms of energy. The federal and provincial governments have not finalized any formal regulatory programs to control greenhouse gases and it is not yet
            possible to reasonably estimate the nature, extent, timing and cost of any programs proposed or contemplated, or their potential effects on operations. Most of Teck Coal Partnership&rsquo;s products are sold outside of Canada, and sales are not expected to be significantly affected by Canada&rsquo;s Kyoto ratification decision. However, the broad adoption by Kyoto signatory countries and others of emission limitations or other regulatory efforts to control greenhouse gas emissions
            could materially negatively affect the demand for coal, oil and natural gas, as well as restrict development of new coal or oil sands projects and increase production and transportation costs.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Although we believe our financial statements are prepared with reasonable safeguards to ensure reliability, we cannot provide absolute assurance.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We prepare our financial reports in accordance with accounting policies and methods prescribed by Canadian generally accepted accounting principles. In the preparation of financial reports, management may need to rely upon assumptions, make estimates or use their best judgment in determining the financial condition of the company. Significant accounting policies are described in more detail in the
            notes to our annual consolidated financial statements for the year ended December&nbsp;31, 2008, which are incorporated by reference into this disclosure document. In order to have a reasonable level of assurance that financial transactions are properly authorized, assets are safeguarded against unauthorized or improper use and transactions are properly recorded and reported, we have implemented and continue to analyze our internal control systems for financial reporting. Although
            we believe our financial reporting and financial statements are prepared with reasonable safeguards to ensure reliability, we cannot provide absolute assurance in that regard.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">We are subject to legal proceedings, the outcome of which may affect our business.</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The nature of our business subjects us to numerous regulatory investigations, claims, lawsuits and other proceedings in the ordinary course of our business. The results of these legal proceedings cannot be predicted with certainty. There can be no assurances that these matters will not have a material adverse effect on our business.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">DIVIDENDS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our Class A common shares and Class B subordinate voting shares rank equally as to the payment of dividends. We may not pay dividends on the Class A common shares and Class B subordinate voting shares unless all dividends on any preferred shares outstanding have been paid to date. In April, 2006 we announced the semi-annual dividend payable to shareholders of record on June 19, 2006 would be
            increased from $0.40 to $1.00 per share (on a pre-split basis), commencing with the dividend payable on July 4, 2006. In November, 2006 we announced a dividend payment of $1.00 per share (on a pre-split basis) on outstanding Class A common shares and Class B subordinate voting shares to be paid on January 3, 2007 to shareholders of record on December 18, 2006. In 2007, we reduced our dividend to $0.50 per share coincident with the two-for-one subdivision of our Class A common shares
            and Class B subordinate voting shares, in order to maintain the same effective dividend payout. We paid a dividend of $0.50 per share in January and July of 2008. Subsequently, we announced a suspension of our 2009 </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 49</font></a></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">dividends as part of our plan to reduce debt. All dividends paid on these two classes of shares after 2005 are eligible dividends for purposes of the enhanced dividend tax credit that may be claimed by Canadian resident individuals.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">DESCRIPTION OF CAPITAL STRUCTURE</font></b></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">GENERAL DESCRIPTION OF CAPITAL STRUCTURE </font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck is authorized to issue an unlimited number of Class A common shares and Class B subordinate voting shares and an unlimited number of preference shares, issuable in series.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Class A common shares carry the right to 100 votes per share. Class B subordinate voting shares carry the right to one vote per share. Each Class A common share is convertible, at the option of the holder, into one Class B subordinate voting share. In all other respects, the Class A common shares and Class B subordinate voting shares rank equally.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The attributes of the Class B subordinate voting shares contain so called &ldquo;coattail provisions&rdquo; which provide that, in the event that an offer (an &ldquo;Exclusionary Offer&rdquo;) to purchase Class A common shares which is required to be made to all or substantially all holders thereof, is not made concurrently with an offer to purchase Class B subordinate voting shares on identical
            terms, then each Class B subordinate voting share will be convertible into one Class A common share. The Class B subordinate voting shares will not be convertible in the event that an Exclusionary Offer is not accepted by holders of a majority of the Class A common shares (excluding those shares held by the person making the Exclusionary Offer). If an offer to purchase Class A common shares does not, under applicable securities legislation or the requirements of any stock exchange
            having jurisdiction, constitute a &ldquo;take-over bid&rdquo; or is otherwise exempt from any requirement that such offer be made to all or substantially all holders of Class A common shares, the coattail provisions will not apply.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The voting rights attached to Class B subordinate voting shares represent 29.85% of the aggregate voting rights attached to the Class A common shares and Class B subordinate voting shares.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">CREDIT FACILITIES AND DEBT SECURITIES</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Credit Facilities</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">We are party to various credit agreements establishing the following credit facilities (collectively, the &ldquo;credit facilities&rdquo;):</font></p>

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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">A US$800 million revolving credit facility provided by a syndicate of lenders which matures on February 13, 2013 and which is undrawn</font></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 50</font></a></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="77">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">A US$50 million revolving credit facility established by Royal Bank of Canada which matures on July 2, 2009, and which is drawn to the extent of US$23 million.</font></p>
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                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">A $100 million revolving credit facility established by a syndicate of lenders, with Bank of Montreal as administrative agent which matures on March 3, 2013 and which is drawn to the extent of $86 million.</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">A $100 million term credit facility established by The Toronto Dominion Bank which matures on September 24, 2013, and which is drawn to the extent of $13 million.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

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                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="77">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">A $75 million term credit facility established by Royal Bank of Canada which matures on August 31, 2012 and which is drawn to the extent of $62 million.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="77">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">A US$4 billion three-year term credit facility due in 11 equal quarterly instalments starting in April 2009 established by a syndicate of lenders (the &ldquo;term facility&rdquo;) which matures on October 30, 2011 and which, as at December 31, 2008, was fully drawn</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="77">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">A US$5.81 billion bridge credit facility established by a syndicate of lenders (the &ldquo;bridge facility&rdquo;) which matures on October 29, 2009 and of which US$5.3 billion is outstanding.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In addition to the credit facilities, we have arranged for $268 million of letters of credit to be issued, primarily for environmental bonding purposes.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Each of the credit facilities is guaranteed by our wholly-owned subsidiary, Teck Cominco Metals Ltd. In addition, each of the TD facility, the term facility and the bridge facility is guaranteed by Teck Cominco Coal Partnership. The indebtedness under each of the credit facilities ranks pari passu with the indebtedness under each of the other credit facilities and with all of our other indebtedness
            for borrowed money, except that which is secured by liens permitted by the credit facilities.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The credit facilities contain varying restrictive and financial covenants, not all of which are applicable to each credit facility, including:</font></p>

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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="77">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">a requirement to maintain a debt to total capitalization ratio of not more than 0.60:1.00; provided that on September 30, 2009 and at each fiscal quarter thereafter, the ratio must be no more than 0.50:1.00; as of December 31, 2008 our ratio of debt to total capitalization was 54%;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

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                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="77">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">a covenant that neither Teck nor any guarantor under any of the credit facilities will grant security on any of its assets, and that no Restricted Subsidiary (as defined in the applicable credit facility) will grant security on certain specified assets, subject, in each case, to specific exceptions;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

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                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="77">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">a restriction on certain of our subsidiaries (which are not guarantors) incurring indebtedness of more than US$100 million; and</font></p>
                        </td>
                    </tr>
                </table>
            </div>

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                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="77">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">a provision requiring prepayment in the event of a change of control at Teck.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The credit facilities also provide for customary events of default, which vary as between the credit facilities but which include non-payment of principal, interest, fees or other amounts owing in connection </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="327">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="245">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 51</font></a></p>
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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">with such credit facilities, the bankruptcy or insolvency of the borrower or any material subsidiary, the rending of a final judgment against Teck, any material subsidiary or a combination thereof in excess of CDN$50,000,000, a payment default by Teck or any material subsidiary in respect of material indebtedness (which is defined as CDN$100 million in respect of the term facility, the bridge
            facility and the TD facility, and ranges from CDN$20 million to CDN$50 million for the other credit facilities), non-payment defaults in respect of indebtedness in excess of CDN$100 million (applicable only to the term facility and the bridge facility), and non-payment defaults in respect of material indebtedness resulting in acceleration of such indebtedness (applicable to all credit facilities other than the term facility, the bridge facility and, in certain circumstances, the TD
            facility).</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Public Indebtedness</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On September 12, 2002, we issued US$200 million in aggregate principal amount of 7.00% notes due September 15, 2012 (the &ldquo;2012 notes&rdquo;) under an indenture dated that same date with The Bank of New York (now The Bank of New York Mellon) as trustee (the &ldquo;Indenture&rdquo;). On September 28, 2005, we issued a further US$300 million in aggregate principal amount of 5.375% notes due
            October 1, 2015 (the &ldquo;2015 notes&rdquo;) and US$700 million in aggregate principal amount of 6.125% notes due October 1, 2035 (the &ldquo;2035 notes&rdquo;), also under the Indenture. The 2012 notes, 2015 notes and 2035 notes are hereinafter referred to collectively as the &ldquo;notes&rdquo;).</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Proceeds from these note offerings were advanced to our subsidiary, Teck Metals, which in turn issued us notes (the &ldquo;Metals notes&rdquo;) in the amount of each such offering. The principal amount of the notes, plus (i) accrued interest thereon at least equal to accrued interest on the notes, and (ii) other monetary obligations payable pursuant to the Metals notes, will become due and payable on
            demand by us, or upon an event of default under the Indenture, on demand by us or our assignee. Each Metals note has been pledged in favor of the trustee under the Indenture. A breach under the collateral documents relating to a pledge of the Metals notes will be an event of default under the Indenture. As a result, for so long as any of these intercompany arrangements and pledges are in place, upon the occurrence of an event of default under the Indenture, the trustee on behalf of
            the holders of the notes will have the right to make a demand on the Metals notes and will have a claim against Teck Metals in an amount equal to the amount due under the notes.</font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">RATINGS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The following table sets forth the current ratings that we have received from rating agencies in respect of our outstanding securities.</font></p>

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                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="205">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom" width="126">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Moody&rsquo;s</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom" width="147">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Standard &amp; Poor&rsquo;s</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom" width="160">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Dominion Bond Rating Service</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 13pt" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13pt" valign="top" width="205">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Unsecured/Long-term Rating</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13pt" valign="top" width="126">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Ba3</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13pt" valign="top" width="147">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">BBB-</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13pt" valign="top" width="160">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">BBB</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="205">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Trend/Outlook</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="126">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Negative</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="147">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Negative</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="160">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Negative</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Credit ratings are intended to provide investors with an independent measure of the credit quality of an issue of securities and are indicators of the likelihood of payment and of the capacity and willingness of a company to meet its financial commitment on an obligation in accordance with the terms of the obligation. A description of the rating categories of each of the rating agencies in the table
            above is set out below.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Credit ratings are not recommendations to purchase, hold or sell securities and do not address the market price or suitability of a specific security for a particular investor. Credit ratings may not reflect the </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="239">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 52</font></a></p>
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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">potential impact of all risks on the value of securities. In addition, real or anticipated changes in the rating assigned to a security will generally affect the market value of that security. We cannot assure you that a rating will remain in effect for any given period of time or that a rating will not be revised or withdrawn entirely by a rating agency in the future.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Moody&rsquo;s Investor Services (Moody&rsquo;s)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Moody&rsquo;s long-term credit ratings are on a rating scale that ranges from Aaa to C, which represents the range from highest to lowest quality of securities rated. Moody&rsquo;s Ba3 rating assigned to our senior unsecured debt instruments is the fifth highest rating of nine rating categories. Obligations rated &ldquo;Ba&rdquo; are considered to have speculative elements and are subject to
            substantial credit risk. Moody&rsquo;s appends numerical modifiers from 1 to 3 to its long-term debt ratings, which indicates where the obligation ranks within its ranking category, with 1 being the highest. Moody&rsquo;s has also assigned a negative outlook to the rating, which is its assessment regarding the likely direction of the rating over the medium-term.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In addition, Moody&rsquo;s has assigned a Loss Given Default (LGD) assessment of LGD4, with an anticipated loss rate of 50%. This rating is on a scale of LGD1 (0 to 10% loss range) to LGD6 (90% to 100% loss range). Moody&rsquo;s has also assigned a Speculative Grade Liquidity rating of SGL-4. This rating is on a scale of SGL-1 to SGL-4 with SGL-1 being the highest. Moody&rsquo;s rating SGL-4
            indicates weak liquidity, with reliance on external sources of financing, the availability of which in Moody&rsquo;s opinion is highly uncertain.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Standard &amp; Poor&rsquo;s (S&amp;P)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">S&amp;P&rsquo;s long-term credit ratings are on a rating scale that ranges from AAA to D, which represents the range from highest to lowest quality of securities rated. S&amp;P&rsquo;s BBB rating assigned to our senior unsecured debt instruments is the fourth highest rating of 10 major rating categories. A &ldquo;BBB&rdquo; rating indicates that the obligor&rsquo;s capacity to meet its financial
            commitment is adequate, but that the obligation is somewhat more susceptible to adverse effects of changes in circumstances and economic conditions than obligations in higher rated categories. S&amp;P uses &ldquo;+&rdquo; or &ldquo;-&rdquo; designations to indicate the relative standing of securities within a particular rating category. S&amp;P has also assigned a negative outlook to the rating, which is its assessment regarding the potential direction of the rating over the
            immediate to long-term.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><i><font size="2">Dominion Bond Rating Service (DBRS)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">DBRS&rsquo;s long-term credit ratings are on a rating scale that ranges from AAA to D, which represents the range from highest to lowest quality of securities rated. DBRS&rsquo;s BBB rating assigned to our senior unsecured debt is the fourth highest of the 10 rating categories for long-term debt. Debt securities rated &ldquo;BBB&rdquo; are of adequate credit quality and protection of interest and
            principal is considered acceptable, but the obligor is fairly susceptible to adverse changes in financial and economic conditions, or there may be other adverse conditions present which reduce the strength of the obligor. A reference to &ldquo;high&rdquo; or &ldquo;low&rdquo; reflects the relative strength within the rating category. DBRS has also assigned a negative outlook to the rating, which helps give investors an understanding of DBRS&rsquo;s opinion regarding the outlook for
            the rating.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="327">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 53</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">MARKET FOR SECURITIES</font></b></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">TRADING PRICE AND VOLUME </font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our Class A common shares are listed on The Toronto Stock Exchange under ticker symbol TCK.A. Our Class B subordinate voting shares are listed on The Toronto Stock Exchange under ticker symbol TCK.B and on the New York Stock Exchange under the symbol TCK. The following tables set out the monthly price ranges and volumes traded on The Toronto Stock Exchange during 2008 for the Class A common shares
            and Class B subordinate voting shares.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 4.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="589" border="0">
                    <tr style="HEIGHT: 0.3in" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap colspan="3">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><u><font size="2">Teck Cominco A</font></u></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap colspan="3">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><u><font size="2">Teck Cominco B</font></u></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Volume</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Volume</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><font size="2">Date</font></u></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><u><font size="2">High</font></u></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><u><font size="2">Low</font></u></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><u><font size="2">(000s)</font></u></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><u><font size="2">High</font></u></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><u><font size="2">Low</font></u></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><u><font size="2">(000s)</font></u></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">January</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$45.00</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$34.00</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">96,801</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$36.48</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$28.00</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">86,154,874</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">February</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$47.11</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$39.16</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">60,341</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$41.31</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$32.50</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">77,448,017</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">March</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$48.89</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$41.21</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">45,853</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$43.44</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$36.04</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">70,991,357</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">April</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$53.74</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$45.95</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">35,851</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$48.70</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$40.25</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">64,817,822</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">May</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$56.49</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$47.24</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">141,962</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$52.90</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$41.93</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">50,080,712</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">June</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$54.00</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$47.95</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">70,083</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$51.24</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$45.55</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">39,751,548</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">July</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$51.99</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$40.17</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">54,546</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$49.24</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$37.94</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">68,776,006</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">August</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$49.13</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$40.00</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">52,598</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$47.09</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$38.10</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">41,930,052</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">September</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$44.50</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$30.05</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">60,574</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$42.50</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$27.00</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">85,599,882</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">October</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$33.50</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$18.90</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">186,260</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$29.89</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$10.76</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">149,368,754</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">November</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$24.49</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$8.50</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">163,665</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$14.67</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$3.35</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">235,625,032</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 0.3in" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">December</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$9.48</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$5.90</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="90">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">144,480</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="33">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="69">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$6.42</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$3.76</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 0.3in" valign="bottom" nowrap width="89">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">187,118,552</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Source: TSX</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="321">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="250">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 54</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><u><b><font size="2">DIRECTORS AND OFFICERS </font></b></u><font size="2">&nbsp;</font></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">DIRECTORS</font></b></p>

            <div align="left">
                <table style="MARGIN-LEFT: 6pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="642" border="0">
                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Name, Province/State and Country of Residence</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Office Held With Company and Principal Occupations within Previous Five Years</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Director</font></b><br>
                            <b><font size="2">Since</font></b></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mayank M. Ashar <sup>(6)(7)</sup></font><br>
                            <i><font size="2">St. John, New Brunswick,Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Chief Operating Officer of Irving Oil Limited; prior thereto Executive Vice President of Suncor Energy Inc. 2007-2008 and Executive Vice President, Suncor Energy USA 2003 &ndash; 2007. EVP Suncor Energy, Oil Sands until 2003 </font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">November 2007</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">J. Brian Aune <sup>(1)(3)(4)</sup></font><br>
                            <i><font size="2">Magog, Quebec, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Chairman of St. James Financial Corp., 1990 to September 2005 and President of Alderprise Inc. (private investment companies)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">February 1995</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Jalynn H. Bennett <sup>(2)(4)(5)</sup></font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">Toronto, Ontario, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">President, Jalynn H. Bennett and Associates Ltd. (consulting firm)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">June 2005</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Hugh J. Bolton <sup>(2)(5)</sup></font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">Edmonton, Alberta, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Chairman, Epcor Utilities Inc., (electrical utility), and Lead Director of Matrikon Inc. (industrial IT company), from 2000 to present</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">September 2001</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Norman B. Keevil <sup>(1)</sup> </font><br>
                            <i><font size="2">West</font></i> <i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Chairman of the Company</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">July 1963</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Norman B. Keevil III <sup>(4)(6)(7)</sup></font><br>
                            <i><font size="2">Victoria, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Consultant to technology start up companies; previously Chief Operating Officer and Vice President of Engineering, Triton Logging Inc. (underwater harvesting company) from 2004 to 2008; prior thereto President and Chief Executive Officer, Pyramid Automation Ltd.(manufacturers of special purpose automation equipment)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">April 1997</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Takashi Kuriyama<sup>(6)(7)</sup></font><br>
                            <i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Executive Vice-President of Sumitomo Metal Mining America Inc. (mining company) from May 2006 to present; Councilor at Metals Exploration Group, Japan Oil, Gas and Metals National Corporation (seconded by SMM) from 2004 to 2006; Director at Joint Venture Exploration Division, Metal Mining Agency of Japan from 2003 to 2004; Manager at Geology and
                            Exploration Section, Hishikari Mine, Sumitomo Metal Mining Co. from 2002 to 2003</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">June 2006</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Donald R. Lindsay<sup>(1)</sup></font><br>
                            <i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">President of the Company from January 2005 to present; appointed CEO of the Company in April, 2005; President of CIBC World Markets Inc. (investment banking), from 2001 to 2004</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">February 2005</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="328">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="243">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 55</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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                <hr align="center" width="100%" noshade size="2">
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 6pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="642" border="0">
                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Name, Province/State and Country of Residence</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Office Held With Company and Principal Occupations within Previous Five Years</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Director</font></b><br>
                            <b><font size="2">Since</font></b></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Takuro Mochihara<sup>(1)(6)</sup></font><br>
                            <i><font size="2">Tokyo, Japan</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Advisor, Sumitomo Metal Mining Co., Ltd. (mining company), since June 2008; previously</font> <font size="2">Director and Senior Managing Executive Officer, Sumitomo Metal Mining Co., Ltd. (mining company)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">September 2000</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Derek G. Pannell<sup>(6)(7)</sup></font><br>
                            <i><font size="2">Toronto, Ontario, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Managing Partner, Brookfield Asset Management (asset management company) from November 2006 to present; President and Chief Operating Officer, Noranda/Falconbridge Limited from 2001 to October 2006 </font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">October 2006</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Janice G. Rennie<sup>(2)(3)(5)</sup></font><br>
                            <i><font size="2">Edmonton, Alberta, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Corporate Director; Senior Vice President, Human Resources and Organizational Effectiveness for Epcor Utilities Inc. 2004&nbsp;- 2005. Principal of Rennie and Associates until 2004 </font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">April 2007</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Warren S. R. Seyffert <sup>(3)(5)</sup></font><br>
                            <i><font size="2">Toronto, Ontario, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Lead Director of the Company; Counsel to Lang Michener (law firm) 2002 &ndash; 2007</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 1989</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Keith E. Steeves <sup>(2)(4)(7)</sup></font><br>
                            <i><font size="2">Richmond, British Columbia</font></i><font size="2">, </font><i><font size="2">Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Corporate Director </font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">October 1981</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1.5pt solid" valign="top" width="192">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Chris M.T. Thompson<sup>(1)(2)(3)(5)(7)</sup></font><br>
                            <i><font size="2">Denver, Colorado,</font></i><br>
                            <i><font size="2">United States</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1.5pt solid" valign="top" width="348">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Corporate Director; Chairman of the Board of Gold Fields Ltd. (gold mining) to November 2005 </font></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1.5pt solid" valign="top" width="102">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">June 2003</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.59in; TEXT-ALIGN: justify"><font size="2"><sup>&nbsp;</sup> </font></p>
            <sup>&nbsp;</sup>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="293" border="0">
                    <tr>
                        <td valign="top" nowrap width="57">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" nowrap width="39">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2"><sup>(1)</sup></font></p>
                        </td>

                        <td valign="top" nowrap width="197">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Member of the Executive Committee</font></p>
                        </td>
                    </tr>
                </table>
            </div>
            <sup>&nbsp;</sup>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="275" border="0">
                    <tr>
                        <td valign="top" nowrap width="59">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" nowrap width="37">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2"><sup>(2)</sup></font></p>
                        </td>

                        <td valign="top" nowrap width="179">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Member of the Audit Committee</font></p>
                        </td>
                    </tr>
                </table>
            </div>
            <sup>&nbsp;</sup>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="316" border="0">
                    <tr>
                        <td valign="top" nowrap width="59">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" nowrap width="37">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2"><sup>(3)</sup></font></p>
                        </td>

                        <td valign="top" nowrap width="220">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Member of the Compensation Committee</font></p>
                        </td>
                    </tr>
                </table>
            </div>
            <sup>&nbsp;</sup>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="285" border="0">
                    <tr>
                        <td valign="top" nowrap width="59">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" nowrap width="37">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2"><sup>(4)</sup></font></p>
                        </td>

                        <td valign="top" nowrap width="189">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Member of the Pension Committee</font></p>
                        </td>
                    </tr>
                </table>
            </div>
            <sup>&nbsp;</sup>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="436" border="0">
                    <tr>
                        <td valign="top" nowrap width="59">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" nowrap width="37">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2"><sup>(5)</sup></font></p>
                        </td>

                        <td valign="top" nowrap width="340">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Member of the Corporate Governance and Nominating Committee</font></p>
                        </td>
                    </tr>
                </table>
            </div>
            <sup>&nbsp;</sup>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="367" border="0">
                    <tr>
                        <td valign="top" nowrap width="59">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" nowrap width="37">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2"><sup>(6)</sup></font></p>
                        </td>

                        <td valign="top" nowrap width="271">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Member of the Safety and Sustainability Committee</font></p>
                        </td>
                    </tr>
                </table>
            </div>
            <sup>&nbsp;</sup>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="291" border="0">
                    <tr>
                        <td valign="top" nowrap width="59">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: normal; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" nowrap width="37">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2"><sup>(7)</sup></font></p>
                        </td>

                        <td valign="top" nowrap width="195">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Member of the Reserves Committee</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Each of the directors is elected to hold office until the annual meeting to be held on April 22, 2009 or until a successor is duly elected or appointed.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="344">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="227">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 56</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">OFFICERS </font></b></p>

            <div align="left">
                <table style="MARGIN-LEFT: 6pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Name, Province/State and Country of Residence</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Office Held With Company and Principal Occupations within </font></b><br>
                            <b><font size="2">Previous Five Years</font></b></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Norman B. Keevil</font><br>
                            <i><font size="2">West Vancouver, British Columbia Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Chairman of the Company; Chief Executive Officer of the Company prior to July 25, 2001</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><br>
                            <font size="2">Donald R. Lindsay</font><br>
                            <i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">President of the Company from January 2005 to present; appointed CEO of the Company in April, 2005; prior thereto President, CIBC World Markets Inc.</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Roger J. Higgins</font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Copper of the Company since June 1, 2008; previously Vice President Project Development, BHP Billiton, Base Metals from 2002-2005 and Vice President and Chief Operating Officer, Australia BHP Billiton, Base Metals from 2005-2007</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Douglas H. Horswill</font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">West Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Sustainability and External Affairs since August 2008; previously Senior Vice President, Environment and Corporate Affairs</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">G. Leonard Manuel</font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">West Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President and General Counsel; previously Vice President and General Counsel</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Ronald A. Millos</font><br>
                            <i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Finance and Chief Financial Officer of the Company since October 3, 2005; previously Vice President and Chief Financial Officer of the Fording Canadian Coal Trust, Fording LP (formerly known as Fording Inc.) and Elk Valley Coal Corporation since June 1, 2003 </font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Boyd Payne</font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">Calgary, Alberta, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Coal of the Company and President and Chief Executive Officer, Teck Coal since October 30, 2008; President and Chief Executive Officer, Elk Valley Coal 2006-2008; previously Vice President Marketing, BHP Billiton 2001-2006</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Peter C. Rozee</font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">West Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Commercial Affairs since October 1, 2005; previously Vice President, Commercial and Legal Affairs from 2001 to 2005</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><br>
                            <font size="2">Ronald J. Vance</font><br>
                            <i><font size="2">Evergreen, Colorado, USA</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Corporate Development of the Company since January&nbsp;1, 2006; previously Managing Director and Senior Advisor, Rothschild Inc. </font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Timothy C. Watson</font><br>
                            <i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Project Development of the Company since August 6, 2007; previously Chief Operating Officer, Power and Process with AMEC PLC</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="337">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="234">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 57</font></a></p>
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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 6pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Name, Province/State and Country of Residence</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Office Held With Company and Principal Occupations within </font></b><br>
                            <b><font size="2">Previous Five Years</font></b></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Michael E. Agg</font><br>
                            <i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Zinc since August 2008; previously Vice President, Refining and Metal Sales since December 1, 2005; General Manager, Trail Operations from 2003 to 2005, and General Manager of Cajamarquilla from 1998 to 2003</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Michael J. Allan</font><br>
                            <i><font size="2">West Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Engineering</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Dale E. Andres</font><br>
                            <i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Copper Strategy &amp; North American Operations since August 2008; Vice President, International Mining of the Company 2006-2008; previously General Manager, Underground Operations of the Company from 2004 to 2006 </font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">David R. Baril</font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">Santiago, Chile</font></i></p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Copper, Chile Operations of the Company since October 1, 2008; previously General Manager/Commercial manager, Cajamarquilla, Peru (Teck) 2000-2005; Chief Operating Officer, Rio Narcea, 2005-2008; 2008 &ndash; October 2008 President &amp; General Manager, Minera Petaquilla</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Fred S. Daley</font><br>
                            <i><font size="2">Delta, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Exploration</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Michel P. Filion</font><br>
                            <i><font size="2">Surrey, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Environment, Health and Safety since June 2005; previously Vice President, Environment</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Gary M. Jones</font><br>
                            <i><font size="2">Delta, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Business Development</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">David R. Parker</font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">West Vancouver, British Columbia, Canada</font></i></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Sustainability of the Company since August 1, 2008; previously Director, Corporate Affairs &amp; Sustainability 2005-2008; Director, Regulatory &amp; Public Affairs 2003-2005 </font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Raymond A. Reipas</font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">Calgary, Alberta, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Energy of the Company since September 15, 2008; previously Vice President, Mining, Total E&amp;P Canada Ltd. 2004-2008</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Robert G. Scott</font><br>
                            <i><font size="2">North Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Gold since August 1, 2008; previously Vice President, North American Mining 2006-2008; General Manager of Red Dog from 2003 to 2005; prior thereto General Manager/Mine Manager of Quintette </font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Andrew A. Stonkus</font><br>
                            <i><font size="2">North Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Base Metals Marketing since August 2008; previously Vice President, Concentrate Marketing of the Company 2005-2008; previously General Manager, Concentrate Marketing</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">John F.H. Thompson</font><br>
                            <i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Technology and Development since January 1, 2008; previously Vice President, Technology from January 1, 2006 to January 1, 2008; previously Chief Geoscientist of the Company </font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">James A. Utley</font></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><i><font size="2">West Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Human Resources</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="335">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 58</font></a></p>
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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 6pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Name, Province/State and Country of Residence</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Office Held With Company and Principal Occupations within </font></b><br>
                            <b><font size="2">Previous Five Years</font></b></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Gregory A. Waller</font><br>
                            <i><font size="2">North Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President, Investor Relations &amp; Strategic Analysis of the Company since November 23, 2006; previously Director, Financial Analysis &amp; Investor Relations from 2004 to 2006 and Director, Financial Analysis &amp; Planning from 2001 to 2004</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Lawrence A. Mackwood</font><br>
                            <i><font size="2">West Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Treasurer</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">John F. Gingell</font><br>
                            <i><font size="2">Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Controller since June 1, 2007; previously Assistant Controller of the Company</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Karen L. Dunfee</font><br>
                            <i><font size="2">Richmond, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Corporate Secretary</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid" bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1.5pt solid" valign="top" width="198">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Anthony A. Zoobkoff</font><br>
                            <i><font size="2">North Vancouver, British Columbia, Canada</font></i></p>
                        </td>

                        <td style="PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1.5pt solid" valign="top" width="426">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Counsel and Assistant Secretary</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: left"><b><font size="2">AUDIT COMMITTEE INFORMATION</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">Mandate of Audit Committee</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The full text of our Audit Committee&rsquo;s mandate is included as Schedule A to this Annual Information Form.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">Composition of the Audit Committee </font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Our Audit Committee consists of five members. All of the members of the Committee are independent and financially literate. The relevant education and experience of each Audit Committee member is outlined below:</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Jalynn H. Bennett</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Ms.&nbsp;Bennett is a graduate of the University of Toronto where she specialized in economics. She is the President of a consulting firm in strategic planning and organizational development. She is a past Commissioner of the Ontario Securities Commission and was a member of the Toronto Stock Exchange Joint Committee on Corporate Governance (the Saucier Committee).</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Hugh J. Bolton, FCA</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Mr.&nbsp;Bolton is a chartered accountant and a graduate of the University of Alberta (BA Economics). Mr.&nbsp;Bolton was managing partner of Coopers &amp; Lybrand Canada from 1984 to 1990 and its Chairman and CEO from 1991 to 1998. He is presently a Chairman of Epcor Utilities Inc., Lead Director of </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 59</font></a></p>
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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Matrikon Inc. and a director of the Toronto Dominion Bank, Canadian National Railway Company and Westjet Airlines Ltd.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Janice G. Rennie, FCA</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Ms.&nbsp;Rennie is a chartered accountant and a graduate of the University of Alberta (BComm.). She was the Senior Vice President, Human Resources and Organizational Effectiveness for Epcor Utilities Inc. from 2004 to 2005. She is currently a director of Matrikon Inc., Methanex Corporation and West Fraser Timber Co. Ltd. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Keith E. Steeves, FCA</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Mr.&nbsp;Steeves received his Chartered Accountant certification in 1963 in Alberta and in 1964 in British Columbia. Mr.&nbsp;Steeves was Senior Vice President, Finance and Administration at Bethlehem Copper Corporation until 1981 and an officer of Teck Corporation from 1981 to 1996.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><font size="2">Chris M.T. Thompson</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Mr.&nbsp;Thompson is a graduate of Rhodes University, SA (B.A. Law and Economics) and Bradford University, UK (MSc). Mr.&nbsp;Thompson was Chairman of the Board and CEO of Gold Fields from 1998 to 2002 and is currently its Non-Executive Chairman.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">Pre-Approval Policies and Procedures</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Audit Committee has adopted policies and procedures with respect to the pre-approval of audit and permitted non-audit services to be provided by PricewaterhouseCoopers LLP. All non-audit services are pre-approved by the Committee prior to commencement. In addition, the Committee has prohibited the use of the external auditors for the following non-audit services:</font></p>

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                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font face="Wingdings">&sect;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">bookkeeping or other services related to the accounting records or financial statements;</font></p>
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                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font face="Wingdings">&sect;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">financial information systems design and implementation;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font face="Wingdings">&sect;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">appraisal or valuation services, fairness opinions or contribution-in-kind reports;</font></p>
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                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font face="Wingdings">&sect;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">actuarial services;</font></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font face="Wingdings">&sect;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">internal audit outsourcing services;</font></p>
                        </td>
                    </tr>
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                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font face="Wingdings">&sect;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">management functions or human resources functions;</font></p>
                        </td>
                    </tr>
                </table>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font face="Wingdings">&sect;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">broker or dealer, investment advisor, or investment banking services;</font></p>
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                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font face="Wingdings">&sect;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">legal services;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font face="Wingdings">&sect;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">expert services unrelated to the audit; and</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font face="Wingdings">&sect;</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">all other non-audit services unless there is a strong financial or other reason for external auditors to provide those services.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="328">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="243">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 61</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><b><font size="2">Auditor&rsquo;s Fees </font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">For the years ended December 31, 2008 and 2007, Teck paid the external auditor $4,579,054 and $4,142,000</font> <font size="2">respectively as detailed below:</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

            <div align="left">
                <table style="MARGIN-LEFT: 41.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="top" width="290">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="top" width="174">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Year Ended</font></b></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">2008 ($000)</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="top" width="174">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Year Ended</font></b></p>

                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">2007 ($000)</font></b></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="290">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Audit Services<sup>(1)</sup></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="174">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">3,706</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="174">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">3,217</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="290">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Audit Related Services<sup>(2)</sup></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="174">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">500</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="174">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">513</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="290">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Tax Fees<sup>(3)</sup></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="174">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">257</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="174">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">354</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="290">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">All Other Fees </font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="174">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">116</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="174">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">58</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Notes:</font></b></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(1)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Includes services that are provided by Teck&rsquo;s independent auditor in connection with the audit of the financial statements and internal controls over financial reporting.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(2)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Includes assurance and related services that are related to the performance of the audit, principally for quarterly reviews, pension plan audits and prospectuses.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(3)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Fees are for international tax services and advice provided to foreign offices.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: left"><b><font size="2">OWNERSHIP BY DIRECTORS AND OFFICERS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The directors and executive officers as a group beneficially own directly or indirectly or exercise control or direction over the following shares issued by the Company: </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 5.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="227">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="239">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Shares beneficially owned or over which control or direction is exercised</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="172">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">As a % of the total</font></b><br>
                            <b><font size="2">outstanding of the class</font></b></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ccffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="227">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Class A common shares</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="239">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">418,880</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="172">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">4.5%</font></p>
                        </td>
                    </tr>

                    <tr bgcolor="#ffffff">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1.5pt solid" valign="top" width="227">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Class B subordinate voting shares</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1.5pt solid" valign="top" width="239">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">1,644,578</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1.5pt solid" valign="top" width="172">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">0.34%</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In addition, one of our directors is a trustee of a trust which holds shares carrying 98% of the votes attached to outstanding shares of Keevil Holding Corporation and is a director of Keevil Holding Corporation. Keevil Holding Corporation holds 51% of the voting shares of Temagami Mining Company Limited (&ldquo;Temagami&rdquo;) which holds 2,150,000 Class A common shares, representing 46% of the
            shares of this class. Three of our directors are directors of Temagami. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">LEGAL PROCEEDINGS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">Upper Columbia River Basin (Lake Roosevelt)</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Prior to our acquisition in 2000 of a majority interest in Cominco Ltd. (now Teck Cominco Metals Ltd.), the Trail smelter discharged smelter slag into the Columbia River. These discharges commenced prior to </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="336">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="235">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 61</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Teck Metals&rsquo; acquisition of the Trail smelter in 1906 and continued until 1996. Slag was discharged pursuant to permits issued in British Columbia subsequent to the enactment of relevant environmental legislation in 1967. Slag and other non-slag materials released from the Trail smelter in British Columbia have travelled down river, as have substances discharged from many other smelting and
            industrial facilities located along the length of the Upper Columbia River system in Canada and the United States.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Slag is a glass-like compound consisting primarily of silica, calcium and iron, which contains small amounts of base metals including zinc, lead, copper and cadmium. It is sufficiently inert that it is not characterized as a hazardous waste under applicable Canadian or US regulations and is sold to the cement industry. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">While slag has been deposited into the river, further study is required to assess what effect the presence of slag in the river has had and whether it poses an unacceptable risk to human health or the environment. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">A large number of studies regarding slag deposition and its effects have been conducted by various governmental agencies on both sides of the border. The historical studies of which we are aware have not identified unacceptable risks resulting from the presence of slag in the river. In June 2006, Teck Metals and its affiliate, TCAI, entered into a Settlement Agreement (the &ldquo;EPA
            Agreement&rdquo;) with the US Environmental Protection Agency (&ldquo;EPA&rdquo;) and the United States under which TCAI is paying for and conducting a remedial investigation and feasibility study (&ldquo;RI/FS&rdquo;) of contamination in the Upper Columbia River (the &ldquo;Studies&rdquo;) under the oversight of the EPA. This multi-year study will use the latest science developed by the EPA and other researchers to determine the true risks in the reservoir system. The RI/FS is
            scheduled for completion in 2011 and is being prepared by independent consultants approved by the EPA and retained by TCAI. TCAI is paying the EPA&rsquo;s oversight costs and providing funding for the participation of other governmental parties, the State of Washington and two native tribes, the Confederated Tribes of the Colville Nation (the &ldquo;Colville Tribe&rdquo;) and the Spokane Tribe. Teck Metals has guaranteed TCAI&rsquo;s performance of the Agreement. TCAI has also
            placed US$20 million in escrow as financial assurance of its obligations under the Agreement and we have accrued our estimate of the costs of the Studies. Contemporaneously with the execution of the Agreement, the EPA withdrew a unilateral administrative order (&ldquo;UAO&rdquo;) purporting to compel Teck Metals to conduct the Studies.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The RI/FS process requires TCAI to submit a work plan for the assessment of site conditions to the EPA which, when approved, will lead to the development of a set of sampling and other plans and actual field work. Data from field work will be used to determine whether further studies are required. When sufficient data have been compiled to adequately assess risk, a baseline human health and
            environmental risk assessment (&ldquo;RA&rdquo;) will be produced to identify risks, if any, that may exist to humans and to various environmental receptors. The RA will form the basis for the RI/FS. The remedial investigation will identify potential remedial options available to mitigate any unacceptable risks; the feasibility study will consider engineering, procedural and practical constraints to these remedial options. Based on the RI/FS, the EPA will determine whether and what
            remedial actions are appropriate in accordance with criteria that take into account, among other factors, technical feasibility, effectiveness, cost, effects on the environment resulting from the remediation action and acceptability of the relevant remedial option to the community. Each work product and plan in this process is subject to EPA approval. Internal consultation processes of the EPA will include consultation with state and other federal agencies and the two Indian Tribes
            bordering the site.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">While the UAO was outstanding, two citizens of Washington State and members of the Colville Tribe commenced an enforcement proceeding under Section 310(a)(i) of the Comprehensive Environmental Response, Compensation and Liability Act (&ldquo;CERCLA&rdquo;) to enforce the UAO and to seek fines and </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 62</font></a></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">penalties against Teck Metals for non-compliance. Teck Metals sought to have all claims dismissed on the basis that the court lacked jurisdiction because the CERCLA statute, in Teck Metals&rsquo; view was not intended to govern the discharges of a facility occurring in another country. That case proceeded through US Federal District Court and the Federal Court of Appeals for the 9th Circuit. The 9th
            Circuit affirmed the District Court decision denying Teck Metals&rsquo; motion to dismiss the case on jurisdictional grounds and found that CERCLA could be applied to Teck Metals&rsquo; disposal practices in British Columbia because they may have had an effect in Washington State. The 9th Circuit issued a stay of its decision pending the resolution of a further appeal by Teck Metals to the US Supreme Court. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In February 2007, Teck Metals filed a petition for review and reversal with the US Supreme Court. Teck Metals&rsquo; petition was supported by amicus briefs filed by Canada, the Province of British Columbia, the Mining Association of Canada, the US National Mining Association, the US Association of Manufacturers, the Canadian and US Chambers of Commerce and the Consumer Electronics Association. In
            January 2008, the US Supreme Court denied Teck Metals&rsquo; petition for a review of the 9th Circuit decision. The denial of review is not a decision on the merits of Teck Metals&rsquo; defense, but rather reflects the US Supreme Court&rsquo;s decision not to take up the case at this particular time.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Following the denial of our petition for review by the U.S. Supreme Court in January 2008, the Lake Roosevelt litigation reverted to the Federal District Court for Eastern Washington. Judgment on the first phase of the litigation dealing with issues associated with an EPA order issued in December, 2003 and withdrawn in June 2008 was delivered on September 19, 2008. All of the claims associated with
            the order were dismissed. On March 9, 2009, the Court granted the plaintiffs&rsquo; motion for an award of costs, including attorney fees. The Court directed that the award be entered as a final judgment allowing for a prompt appeal. We intend to appeal the decision.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In November, 2008, Teck Metals filed a motion to stay the plaintiffs&rsquo; CERCLA cost recovery declaratory relief claim. On December 30, 2008, the Court denied the motion and discovery and briefing of the liability phase of the litigation will occur in 2009.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The hearing of the plaintiffs&rsquo; claims for natural resource damages and costs has been deferred until the remedial investigation and feasibility study being conducted by Teck Metals&rsquo; subsidiary TCAI under the EPA Agreement have been substantially advanced or completed. Natural resource damages (&ldquo;ARD&rdquo;) are assessed for injury to, destruction of, or loss of natural resources
            including the reasonable cost of a damage assessment. TCAI commissioned a study by recognized experts in NRD assessment in 2008. Based on the assessment performed, Teck Metals estimates that the compensable value of such damage will not be material.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">TCAI will continue to fulfill its obligations under the settlement agreement reached with the United States and the EPA in June 2006 and complete the RI/FS mentioned above. The settlement agreement is not affected by the litigation.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">There can be no assurance that Teck Metals will ultimately be successful in its defense of the litigation or that Teck Metals or its affiliates will not be faced with further liability in relation to this matter. Until the studies contemplated by the Agreement and additional damage assessments are completed, it is not possible to estimate the extent and cost, if any, of remediation or restoration
            that may be required or to assess the company&rsquo;s potential liability for damages. The studies may conclude, on the basis of risk, cost, technical feasibility or other grounds, that no remediation should be undertaken. If remediation is required and damage to resources found, the cost of remediation may be material.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Page 63</font></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">TRANSFER AGENTS AND REGISTRARS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">CIBC Mellon Trust Company is the transfer agent and registrar for the Class A common and Class B subordinate voting shares and maintains registers in Vancouver, British Columbia and Toronto, Ontario.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">MATERIAL CONTRACTS</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The following are the only contracts entered into by the Company since January 1, 2002 which are material and not entered into in the ordinary course of business:</font></p>

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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Partnership Agreement dated February 28, 2003, as amended, between the Company, FCCT, Quintette, Elk Valley Coal and Teck-Bullmoose Coal Inc., providing for the formation and operation of Elk Valley Coal.</font></p>
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                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Bridge Credit Agreement dated September 30, 2008, as amended, among the Company and JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc.; Merrill, Lynch, Pierce, Fenner &amp; Smith Incorporated; BMO Capital Markets; CIBC World Markets and RBC Capital Markets and the other bank lenders thereunder from time to time.</font></p>
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                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Term Credit Agreement dated September 30, 2008, as amended, between the Company and JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc.; Merrill, Lynch, Pierce, Fenner &amp; Smith Incorporated; BMO Capital Markets; CIBC World Markets and RBC Capital Markets and the other bank lenders thereunder from time to time.</font></p>
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            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">INTERESTS OF EXPERTS </font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">PricewaterhouseCoopers LLP, Chartered Accountants, are the Company&rsquo;s auditors and have prepared an opinion with respect to the Company&rsquo;s consolidated financial statements as at and for the year ended December 31, 2008.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Paul C. Bankes, P.Geo., Americo Zuzunaga AIMM, Don Mills, P.Geol. and Ross Pritchard, P.Eng. have acted as Qualified Persons in connection with the estimates of mineral reserves and resources presented in this Annual Information Form. Mr.&nbsp;Bankes is an employee of the Company. Messrs.&nbsp;Mills and Pritchard are employees of Teck Coal Partnership, which is directly and indirectly wholly owned by
            Teck. Mr.&nbsp;Zuzunaga is an employee of Compa&ntilde;&iacute;a Minera Antamina S.A., in which the Company holds a 22.5% share interest. Sproule Unconventional Limited has acted as an independent reserves evaluator in connection with our interest in the Fort Hills oil sands project. Messrs.&nbsp;Bankes, Zuzunaga, Mills and Pritchard, and principals of Sproule Unconventional Limited hold beneficially, directly or indirectly, less than 1% of any class of the Company&rsquo;s
            securities.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">ADDITIONAL INFORMATION</font></b></p>

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                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(1)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Additional information relating to the Company may be found on SEDAR at www.sedar.com. </font></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="241">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 64</font></a></p>
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                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 12pt" valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(2)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Additional information, including directors&rsquo; and officers&rsquo; remuneration and indebtedness to our business, principal holders of the Company&rsquo;s securities, options to purchase securities and interests of insiders in material transactions is contained in the Management Proxy Circular to be issued for our Annual and Special Meeting of
                            Shareholders to be held on April 22, 2009. Additional financial information is also provided in our comparative financial statements and Management&rsquo;s Discussion and Analysis for the year ended December 31, 2008. Copies of these documents are available upon request from our Corporate Secretary.</font></p>
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                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(3)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Unless otherwise stated information contained herein is as at March 13, 2009.</font></p>
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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

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                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page 65</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">SCHEDULE A </font></b></p>

            <p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: center"><b><font size="2">AUDIT COMMITTEE CHARTER</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">PURPOSE OF THE COMMITTEE</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The purpose of the Audit Committee (the &ldquo;Committee&rdquo;) of the Board of Directors (the &ldquo;Board&rdquo;) of Teck Cominco Limited ( the &ldquo;company&rdquo;) is to provide an open avenue of communication between management, the external auditor, the internal auditors and the Board and to assist the Board in its oversight of the:</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">integrity, adequacy and timeliness of the company&rsquo;s financial reporting and disclosure practices;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">processes for identifying the principal financial risks of the company and reviewing the company&rsquo;s internal control systems to ensure that they are adequate to ensure fair, complete and accurate financial reporting;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">company&rsquo;s compliance with legal and regulatory requirements related to financial reporting; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">accounting principles, policies and procedures used by management in determining significant estimates; </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">antifraud programs and controls, including management&rsquo;s identification of fraud risks and implementation of antifraud measures;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">mechanisms for employees to report concerns about accounting policies and financial reporting;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">engagement, independence and performance of the company&rsquo;s external auditor; and</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="24">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">internal audit mandate, internal audit and Sarbanes Oxley and Bill 198 (&ldquo;SOX&rdquo;) plans, internal audit and SOX audit programs and results of internal audits and SOX compliance audits performed by the company&rsquo;s internal audit department.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Committee shall also perform any other activities consistent with this Charter, the company&rsquo;s by-laws and governing laws as the Committee or Board deems necessary or appropriate.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Committee shall consist of at least three directors. Members of the Committee and the Chairman shall be appointed by the Board and may be removed by the Board in its discretion. All members of the Committee shall be independent directors and shall be sufficiently financially literate to enable them to discharge their responsibilities in accordance with applicable laws and/or requirements of the
            various stock exchanges on which the company&rsquo;s securities trade and in accordance with&nbsp;Multilateral Investment Instrument 52-110. Financial literacy&nbsp;means the ability to read and understand a balance sheet, income statement, cash flow statement and&nbsp;associated notes whichrepresent a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the
            financial statements of Teck Cominco Limited. At least one member of the Committee shall have accounting or related financial management expertise that allows that member to read and understand financial statements and the related notes attached thereto in accordance with generally accepted accounting principles (&ldquo;GAAP&rdquo;).</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Committee&rsquo;s role is one of oversight. Management is responsible for preparing the company&rsquo;s financial statements and other financial information and for the fair presentation of the information set </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="339">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="232">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Page A-1</font></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">forth in the financial statements in accordance with GAAP. Management is also responsible for establishing, documenting, maintaining and reviewing systems of internal control and for maintaining the appropriate accounting and financial reporting principles and policies designed to assure compliance with accounting standards and all applicable laws and regulations.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The external auditors&rsquo; responsibility is to audit the company&rsquo;s financial statements and provide an opinion, based on their audit conducted in accordance with Canadian generally accepted auditing standards, that the financial statements present fairly, in all material respects, the financial position, results of operations and cash flows of the company in accordance with Canadian GAAP and
            reconciled to US GAAP.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In accordance with the Sarbanes Oxley Act of 2002, Section 404, the external auditors are also responsible for providing an opinion on the effectiveness of the company&rsquo;s internal controls over financial reporting. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The Committee is directly responsible for the appointment, compensation, evaluation, termination and oversight of the work of the external auditor and oversees the resolution of any disagreements between management and the external auditor regarding financial reporting and SOX assessment. The external auditor shall report directly to the Committee, as the external auditor is accountable to the Board
            as representatives of the company&rsquo;s shareholders. As such, it is not the duty or responsibility of the Committee or any of its members to plan or conduct any type of audit or accounting review or procedure.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: justify"><i><font size="2">AUTHORITY AND RESPONSIBILITIES</font></i></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In performing its oversight responsibilities, the Committee shall:</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">1.</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review and assess the adequacy of this Charter and recommend any proposed changes to the Board for approval at least once per year.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">2.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review the appointments of the company&rsquo;s Chief Financial Officer and any other key financial executives involved in the financial reporting process.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">3.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review with management, the external auditor and the Director Compliance and Internal Audit the adequacy and effectiveness of the company&rsquo;s systems of internal control, the status of management&rsquo;s implementation of internal audit recommendations and the remediation status of any reported control deficiencies. Particular emphasis will be
                            placed on those deficiencies evaluated as either a significant deficiency or a material weakness, which have been identified as a result of internal audits and/or during annual controls compliance testing as required under SOX legislation. </font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">4.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Prior to their approval by the Board, review with management and the external auditor the annual audited financial statements, the unaudited quarterly financial statements, the management discussion and analysis reports and the annual and interim earnings press releases.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">5.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review other financial reporting documents prior to their public disclosure by filing or distribution of these documents. Such review includes financial matters required to be reported under applicable legal or regulatory requirements.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">6.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0in; TEXT-ALIGN: justify"><font size="1"><font size="2">Ensure that adequate procedures are in place for the review of the company&rsquo;s public disclosure of financial information extracted or derived from the company&rsquo;s financial statements, other than the public disclosure referred to in the immediately preceding item, and periodically assess the adequacy of these procedures.</font></font></p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="338">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="233">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page A-2</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.31in; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">7.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review with management and the external auditor and approve earnings news releases and other financial information and earnings guidance disclosures contained in such news releases prior to approval by the Board and their release.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">8.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Where appropriate and prior to release, review with management and approve any other news releases that contain significant financial information that has not previously been released to the public.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">9.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review the company&rsquo;s financial reporting and accounting standards and principles and significant changes in such standards or principles or in their application, including key accounting decisions affecting the financial statements, alternatives thereto and the rationale for decisions made.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">10.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review the quality and appropriateness, not just the acceptability, of the accounting policies and the clarity of financial information and disclosure practices adopted by the company, including consideration of the external auditors&rsquo; judgments about the quality and appropriateness of the company&rsquo;s accounting policies. This review shall
                            include discussions with the external auditor without the presence of management.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">11.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review with management, the external auditor and the Director, Compliance and Internal Audit significant related party transactions and potential conflicts of interest.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">12.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Recommend to the Board to assist them in recommending to the shareholders (a) the external auditor to be nominated to examine the company&rsquo;s accounts and financial statements and prepare and issue an auditor&rsquo;s report on them or perform other audit, review or attest services for the company and (b) the compensation of the external auditor.
                            The Committee has the responsibility to approve all audit engagement terms and fees. The Committee shall pre-approve all audit, non-audit and assurance services provided to the company and its subsidiary entities by the external auditor, but the Chairman or another member of the Committee appointed by the Chairman may be delegated the responsibility to approve non-audit services where the fee does not exceed $50,000. The pre-approval of such services by any member to
                            whom authority has been delegated must be reported to the Committee at its first scheduled meeting following such pre-approval.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">13.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review with management and the external auditor and approve the annual audit plan and results of and any problems or difficulties encountered during any external audits and management&rsquo;s responses thereto.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">14.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Receive the reports of the external auditor on completion of the quarterly reviews and the annual audit.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">15.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Monitor the independence of the external auditors by reviewing all relationships between the independent auditor and the company and all audit, non-audit and assurance work performed for the company by the independent auditor on at least a quarterly basis. The Committee will receive an annual written confirmation of independence from the external
                            auditor.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">16.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review and approve the company&rsquo;s hiring policies regarding partners, employees and former partners and employees of the present and former external auditor of the company.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="327">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page A-3</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">17.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review and approve the functions of the company&rsquo;s Compliance and Internal Audit Department, including:</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">its mandate, authority and organizational reporting lines;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">its annual and longer term internal audit plans, budgets and staffing;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">its performance; and</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">the appointment, reassignment or replacement of the Director, Compliance and Internal Audit.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.31in; TEXT-ALIGN: justify"><font size="2">This review will include discussions with the Director, Compliance and Internal Audit without the presence of management or the external auditor.</font></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">18.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review with senior financial management, the external auditor, the Director, Compliance and Internal Audit, and such others as the Committee deems appropriate, the results of internal audits, SOX controls compliance audits and any problems or difficulties encountered during the audits.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">19.</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Review the company&rsquo;s procedures and establish procedures for the Committee for the:</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">receipt, retention and resolution of complaints regarding accounting, internal accounting controls, financial disclosure or auditing matters; and</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td valign="top" width="19">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">confidential, anonymous submission by employees regarding questionable accounting, auditing or financial reporting and disclosure matters or violations of the Company&rsquo;s Code of Ethics or Standard of Business Practices.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">20.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Prepare an audit committee report to be included in Teck Cominco Limited&rsquo;s annual proxy statement.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 12pt" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">21.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 12pt" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Conduct or authorize investigations into any matter that the Committee believes is within the scope of its responsibilities. The Committee has the authority to (a) retain independent counsel, accountants or other advisors to assist it in the conduct of its investigation, at the expense of the company, (b) set and pay the compensation of any advisors
                            retained by it, and (c) communicate directly with the internal and external auditors.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="30">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">22.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">The Committee shall report its recommendations and findings to the Board after each meeting and shall conduct and present to the Board an annual performance evaluation of the effectiveness of the Committee.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.31in; TEXT-INDENT: -0.31in; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="331">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="240">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a name="PAGENUM"><font size="2">Page A-4</font></a></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">SCHEDULE B</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">REPORT OF MANAGEMENT AND DIRECTORS</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">ON DECEMBER 2008</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: center"><font size="2">OIL AND GAS DISCLOSURE</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Management of Teck Cominco Limited (the &ldquo;Corporation&rdquo;) is responsible for the preparation and disclosure of information with respect to the Corporation&rsquo;s oil and gas activities in accordance with securities regulatory requirements.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">An independent qualified reserves evaluator has evaluated the resources data associated with the Fort Hills oil sands project and has concluded that the best estimate of contingent resources associated with the Corporation&rsquo;s 20% interest in the project as at December 31, 2008 is 776 million barrels of recoverable bitumen. </font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The independent qualified reserves evaluator has also evaluated the resources data associated with the Equinox and Frontier oil sands projects and has concluded that the best estimate of contingent resources associated with the Corporation&rsquo;s 50% interest in Equinox and Frontier as at December 31, 2008 is 166 million barrels and 774 million barrels of recoverable bitumen, respectively.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">A committee of the Board of Directors of the Corporation composed of a majority of independent directors has</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(a)</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">reviewed the Corporation&rsquo;s procedures for providing information to the independent qualified reserves evaluators;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(b)</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">met with the independent qualified reserves evaluators to determine whether any restrictions affected the ability of the independent qualified reserves evaluators to report without reservations; and</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(c)</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">reviewed the resources data with management and the independent qualified reserves evaluators.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The same committee of the Board of Directors has reviewed the Corporation&rsquo;s procedures for assembling and reporting other information associated with oil and gas activities and has reviewed that information with management. The Board of Directors has, on the recommendation of the committee, approved</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(d)</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the content and filing with securities regulatory authorities of the resources data and other oil and gas information;</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(e)</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the filing of the reports of the independent qualified reserves evaluators; and</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(f)</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the content and filing of this report.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="340">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="231">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Page B-1</font></p>
                            </td>
                        </tr>
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                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Because the resources data are based on judgments regarding future events, actual results will vary and the variations may be material.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Dated: March 13, 2009.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                    <tr>
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="276">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(Signed) Donald R. Lindsay</font></p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">President and Chief Executive Officer</font></p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="17">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="345">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(Signed) Chris M.T. Thompson</font></p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Director</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="276">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(Signed) Ronald A. Millos</font></p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Senior Vice President, Finance and</font><br>
                            <font size="2">Chief Financial Officer</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="17">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="345">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">(Signed) Keith Steeves</font></p>

                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Director</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

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                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="319">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="255">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Page B-2</font></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

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                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">SCHEDULE C</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><b><font size="2">NI 51-101 Evaluation or Audit Report</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">Report on Resources Data</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">by Independent Qualified Resources Evaluator or Auditor</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><u><font size="2">REPORT ON RESOURCES DATA</font></u></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">To the Board of Directors of Teck Cominco Limited (the &ldquo;Company&rdquo;):</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Sproule Unconventional Limited (&ldquo;Sproule&rdquo;) prepared an independent opinion of the contingent bitumen resources of the Company as of December 31, 2008. This included a geological evaluation of the Fort Hills oil sands Project and the Frontier oil sands Project, and an audit of the Equinox Project. Sproule also reviewed the methodology used to estimate these volumes from their current mine
            planning or preliminary pit design basis.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The preparation and disclosure of the reported resource estimates are the responsibility the Company&rsquo;s management. Sproule&rsquo;s responsibility is to express an opinion on the bitumen-in-place and contingent bitumen resources data based on the evaluation or audit. Sproule carried out the evaluation or audit in accordance with standards established by the Canadian Securities Administrators
            (&ldquo;CSA&rdquo;) within National Instrument 51-101 (&ldquo;NI 51-101&rdquo;). Those standards require that the bitumen-in-place and contingent resources data are prepared in accordance with the Canadian Oil and Gas Evaluation Handbook (&ldquo;COGEH&rdquo;), as published by the Canadian Section of the Society of Petroleum Evaluation Engineers.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Those standards require that Sproule plans and performs an evaluation or audit to obtain reasonable assurance as to whether the resource data are free of material misstatement. An evaluation also includes assessing whether the resource data are prepared in accordance with principles and definitions presented in the COGEH.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">In Sproule&rsquo;s opinion, the bitumen resources data audited by us have, in all material respects, been estimated and are presented in accordance with the COGEH. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">Teck Cominco Limited Contingent Bitumen Resources as of December 31, 2008</font></b></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                    <tr>
                        <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid" nowrap width="140" rowspan="3">
                            <p align="center"><b><font size="2">Project</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-LEFT: black 1pt solid" nowrap colspan="3">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Project -100% </font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 13.5pt" nowrap colspan="3">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Company Gross</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 12.75pt">
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" nowrap colspan="3">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">(Bbbls)</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid" nowrap colspan="3">
                            <p align="center"><b><font size="2">(MMbbls)</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 12.75pt" bgcolor="#ffffff">
                        <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid" nowrap width="78">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Low </font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Best</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" nowrap width="87">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">High</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Low</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Best</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">High</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 12.75pt" bgcolor="#ccffff">
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="140">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">Fort Hills</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2.10</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">3.88</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="87">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">4.35</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">421</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">776</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">870</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 12.75pt" bgcolor="#ffffff">
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="140">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">Frontier</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">0.98</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">1.55</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="87">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2.55</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">490</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">774</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">1,275</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 12.75pt" bgcolor="#ccffff">
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="140">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">Equinox</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="78">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">0.23</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">0.33</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="87">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">0.38</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">114</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">166</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" valign="bottom" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">189</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 13.5pt" bgcolor="#ffffff">
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 13.5pt" valign="bottom" nowrap width="140">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">Total*</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 13.5pt" nowrap width="78">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">3.31</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 13.5pt" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">5.76</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 13.5pt" nowrap width="87">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">7.28</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 13.5pt" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">1,025</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 13.5pt" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">1,717</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 13.5pt" nowrap width="83">
                            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2,334</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2"><strong>*</strong><font size="2">Properties in summation have differing contingencies. </font></font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="328">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="243">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Page C-1</font></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The contingencies that prevent these bitumen resources from being classified as reserves include, but are not limited to; regulatory approval, completed feasibility studies, mine plans, and company commitment. There is no certainty that it will be commercially viable to produce any portion of the contingent bitumen resources.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Further details on the results of Sproule&rsquo;s geological evaluation and mine review of the Fort Hills Project, and technical issues identified are presented in the report entitled, &ldquo;Geological Evaluation of the Contingent Bitumen Resources of the Fort Hills oil sands Mining Project, as of December 31, 2008&rdquo;, which will be issued at the end of February, 2009. Further details of the
            results of Sproule&rsquo;s geological evaluation of Frontier and audit of Equinox are presented in the report entitled, &ldquo;Geological Evaluation of the Contingent Bitumen Resources of the Frontier oil sands Mining Project and Audit of the Equinox oil sands Mining Project, as of December 31, 2008&rdquo;, which will also be issued at the end of February, 2009.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The term &ldquo;Contingent Resources&rdquo; is taken from the COGEH. The volumes listed in the chart above entitled, &ldquo;Contingent Bitumen Resources&rdquo; refer to potentially recoverable volumes of bitumen resources. The volumes of contingent bitumen resources, in the above chart, were calculated at the outlet of the proposed extraction plan. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The current FEED mine plan is the basis of the Best Estimate at Fort Hills. The Equinox and Frontier estimates are prior to a completed mine plan development study. Therefore, the low and best estimates are based on the preliminary total volume to bitumen-in-place (TV:BIP) 12 mine pits developed by Norwest Corporation. The Equinox and Frontier high estimates are based on the preliminary TV:BIP 16
            mine pit developed by Norwest Corporation. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Sproule has no responsibility to update the report for events and circumstances occurring after the respective preparation date.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">Because the resources data are based on judgments regarding future events, actual results will vary and the variations may be material. Due to rounding, certain totals may not be consistent from one presentation to the next. </font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><font size="2">Executed as to our report referred to above:</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><font size="2">Sproule Unconventional Limited</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><font size="2">Calgary, Alberta</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><font size="2">February 4, 2009</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="center">
                <table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
                    <tr>
                        <td valign="bottom" width="306">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"></p>
                        </td>

                        <td valign="bottom" width="12">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="31">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="274">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><br>
                            <font size="2">/s/ Grant I. Sanden</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="306">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="12">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="31">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="274">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Grant I. Sanden, P.Eng.</font><br>
                            <font size="2">Supervisor, Unconventional Oil</font><br>
                            <font size="2">/ /2009 dd/mm/yr</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="center">
                <table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
                    <tr>
                        <td valign="bottom" width="306">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"></p>
                        </td>

                        <td valign="bottom" width="12">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="31">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="274">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><br>
                            <font size="2">/s/ Doug W.C. Ho</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" width="306">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="12">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="31">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td valign="top" width="274">
                            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Doug W.C. Ho, P.Eng</font><br>
                            <font size="2">Vice-President, Engineering</font><br>
                            <font size="2">/ /2009 dd/mm/yr</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div title="EE+ Page Footer">
                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

                <div align="left">
                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="638" border="0">
                        <tr>
                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="338">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">Teck Cominco Limited </font></i><font size="2">&ndash;</font><i><font size="2">2008 Annual Information Form</font></i></p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="233">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                            </td>

                            <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="55">
                                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Page C-2</font></p>
                            </td>
                        </tr>
                    </table>
                </div>

                <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr align="center" width="100%" noshade size="2">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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M\I!@.72A\'HHQ`9Z:'L['"(2+2@F9'TEB4X$SP_5]\0ILLU*.MP,%9&8O1@8
M("]:2-N9%(B0'>IX`0HE*$`+AI9%#&X1!@[(6^,,`3CU&((]Z''/WN(C"04D
M8@GL44`#ULC#-EK!)P:)D80`P"`&I6Z"$5+%A*0A-RFLZ``2$.0-"1D*1B)C
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`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>15
<FILENAME>ex99-2_form40f2008.txt
<DESCRIPTION>EXHIBIT 99.2
<TEXT>

                                                                    EXHIBIT 99.2
                                                                    ------------


[GRAPHIC OMITTED -- LOGO-PRICEWATERHOUSECOOPERS]
- -------------------------------------------------------------------------------
                                                 | PricewaterhouseCoopers LLP
                                                 | Chartered Accountants
                                                 | PricewaterhouseCoopers Place
                                                 | 250 Howe Street, Suite 700
                                                 | Vancouver, British Columbia
                                                 | Canada V6C 3S7
                                                 | Telephone +1 604 806 7000
                                                 | Facsimile +1 604 806 7806


INDEPENDENT AUDITORS' REPORT

TO THE SHAREHOLDERS OF TECK COMINCO LIMITED

We have completed  integrated  audits of Teck Cominco  Limited's 2008, 2007 and
2006  consolidated  financial  statements  and of  its  internal  control  over
financial reporting as at December 31, 2008. Our opinions, based on our audits,
are presented below.

CONSOLIDATED FINANCIAL STATEMENTS

We have audited the  accompanying  consolidated  balance sheets of Teck Cominco
Limited  as at  December  31,  2008 and  December  31,  2007,  and the  related
consolidated statements of earnings, comprehensive income, shareholders' equity
and cash flows for each of the years in the three year  period  ended  December
31, 2008. These financial  statements are the  responsibility  of the Company's
management.  Our  responsibility  is to express  an opinion on these  financial
statements  based on our  audits.  We  conducted  our  audits of the  Company's
financial  statements  as at December 31, 2008 and for each of the years in the
three year period then ended in  accordance  with Canadian  generally  accepted
auditing standards and the standards of the Public Company Accounting Oversight
Board  (United  States).  Those  standards  require that we plan and perform an
audit to obtain reasonable assurance about whether the financial statements are
free of  material  misstatement.  An audit  of  financial  statements  includes
examining,  on a test basis, evidence supporting the amounts and disclosures in
the financial  statements.  A financial statement audit also includes assessing
the accounting  principles used and  significant  estimates made by management,
and evaluating the overall financial  statement  presentation.  We believe that
our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present
fairly, in all material  respects,  the financial position of the Company as at
December 31, 2008 and December 31, 2007 and the results of its  operations  and
its cash flows for each of the years in the three year  period  ended  December
31, 2008 in accordance with Canadian generally accepted accounting principles.

INTERNAL CONTROL OVER FINANCIAL REPORTING

We have also audited Teck Cominco  Limited's  internal  control over  financial
reporting as at December 31, 2008,  based on criteria  established  in Internal
Control  -  Integrated   Framework   issued  by  the  Committee  of  Sponsoring
Organizations of the Treadway  Commission (COSO).  The Company's  management is
responsible for maintaining effective internal control over financial reporting
and for its assessment of the  effectiveness of internal control over financial
reporting, included in the accompanying Management's Report on Internal Control
Over Financial  Reporting.  Our  responsibility is to express an opinion on the
Company's internal control over financial reporting based on our audit.


"PricewaterhouseCoopers"  refers  to  PricewaterhouseCoopers  LLP,  an  Ontario
limited   liability   partnership,   or,   as   the   context   requires,   the
PricewaterhouseCoopers  global  network or other  member  firms of the network,
each of which is a separate and independent legal entity.



<PAGE>
[GRAPHIC OMITTED -- LOGO-PRICEWATERHOUSECOOPERS]
- -------------------------------------------------------------------------------


We  conducted  our  audit of  internal  control  over  financial  reporting  in
accordance with the standards of the Public Company Accounting  Oversight Board
(United States).  Those standards require that we plan and perform the audit to
obtain  reasonable  assurance  about whether  effective  internal  control over
financial  reporting  was  maintained  in all  material  respects.  An audit of
internal control over financial  reporting  includes obtaining an understanding
of  internal  control  over  financial  reporting,  assessing  the risk  that a
material  weakness  exists,  testing and  evaluating  the design and  operating
effectiveness  of internal  control based on the assessed  risk, and performing
such other procedures as we consider necessary in the circumstances. We believe
that our audit provides a reasonable basis for our opinion.

A company's internal control over financial  reporting is a process designed to
provide reasonable  assurance  regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally  accepted  accounting  principles.  A company's internal control
over  financial  reporting  includes  those  policies and  procedures  that (i)
pertain to the  maintenance of records that, in reasonable  detail,  accurately
and fairly  reflect  the  transactions  and  dispositions  of the assets of the
company;  (ii) provide  reasonable  assurance that transactions are recorded as
necessary to permit  preparation  of financial  statements in  accordance  with
generally accepted accounting principles, and that receipts and expenditures of
the company are being made only in accordance with authorizations of management
and directors of the company;  and (iii) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition
of the  company's  assets  that could have a material  effect on the  financial
statements.

Because of its inherent limitations,  internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness  to future  periods  are  subject to the risk that  controls  may
become  inadequate  because  of changes  in  conditions,  or that the degree of
compliance with the policies or procedures may deteriorate.

In our opinion,  the Company  maintained,  in all material respects,  effective
internal  control  over  financial  reporting  as at December 31, 2008 based on
criteria  established in Internal Control -- Integrated Framework issued by the
COSO.



(signed) PRICEWATERHOUSECOOPERS LLP

CHARTERED ACCOUNTANTS
Vancouver BC
March 4, 2009

                                                                            (2)
<PAGE>

- -------------------------------------------------------------------------------

                              [TECK COMINCO LOGO]

- -------------------------------------------------------------------------------


- -------------------------------------------------------------------------------


                              TECK COMINCO LIMITED

                       CONSOLIDATED FINANCIAL STATEMENTS

              For the Years Ended December 31, 2008, 2007 and 2006


- -------------------------------------------------------------------------------





- -------------------------------------------------------------------------------
<PAGE>

Consolidated Statements of Earnings
Years ended December 31

================================================================================
(Cdn$ in millions, except per share data)       2008          2007         2006
- --------------------------------------------------------------------------------
REVENUES                                   $   6,904      $  6,371     $  6,539

OPERATING EXPENSES                            (4,009)       (3,300)      (2,714)
- --------------------------------------------------------------------------------
                                               2,895         3,071        3,825

DEPRECIATION AND AMORTIZATION                   (513)         (333)        (264)
- --------------------------------------------------------------------------------
OPERATING PROFIT                               2,382         2,738        3,561

OTHER EXPENSES
  General and administration                     (89)         (109)         (96)
  Interest and financing (Note 11(h))           (182)          (85)         (97)
  Exploration                                   (135)         (105)         (72)
  Research and development                       (23)          (32)         (17)
  Asset impairment (Note 16)                    (589)          (69)           -
  Other income (expense) (Note 17)                31           170          316
- --------------------------------------------------------------------------------
EARNINGS BEFORE THE UNDERNOTED ITEMS           1,395         2,508        3,595

PROVISION FOR INCOME AND RESOURCE TAXES
   (NOTE 13)                                    (658)         (795)      (1,213)
NON-CONTROLLING INTERESTS                        (82)          (47)         (19)
EQUITY EARNINGS (LOSS) (Note 6(c))                22            (5)          32
- --------------------------------------------------------------------------------

NET EARNINGS FROM CONTINUING OPERATIONS          677         1,661        2,395

NET EARNINGS (LOSS) FROM DISCONTINUED
  OPERATIONS (Note 21(b))                        (18)          (46)          36
- --------------------------------------------------------------------------------

NET EARNINGS                               $     659       $ 1,615     $  2,431
================================================================================


EARNINGS PER SHARE (Note 15(H))

  BASIC                                    $    1.46       $  3.74     $   5.77
  BASIC FROM CONTINUING OPERATIONS         $    1.50       $  3.85     $   5.68

  DILUTED                                  $    1.45       $  3.72     $   5.60
  DILUTED FROM CONTINUING OPERATIONS       $    1.49       $  3.83     $   5.52

WEIGHTED AVERAGE SHARES
  OUTSTANDING (millions)                       452.1         432.2        421.9

SHARES OUTSTANDING AT END OF
  YEAR (millions)                              486.9         442.7        432.4
================================================================================


The accompanying notes are an integral part of these financial statements.

- -------------------------------------------------------------------------------
2

<PAGE>

Consolidated Statements of Cash Flows
Years ended December 31

================================================================================
(Cdn$ in millions, except per share data)       2008          2007         2006
- --------------------------------------------------------------------------------
OPERATING ACTIVITIES
  Net earnings from continuing operations   $    677      $  1,661     $  2,395
  Items not affecting cash
    Depreciation and amortization                513           333          264
    Provision (recovery) for future
      income and resource taxes                1,488           (97)          59
    Equity (earnings) loss                       (22)            5          (32)
    Non-controlling interests                     82            47           19
    Asset impairment                             589            69            -
    Provision for marketable securities          292             -            -
    Gain on sale of investments and assets       (16)          (55)        (201)
    Other                                         28            55           70
  Distributions received from equity
    accounted investments                         65            25           37
  Net change in non-cash working capital
    items (Note 19(b))                        (1,564)         (282)         299
- --------------------------------------------------------------------------------
                                               2,132         1,761        2,910

INVESTING ACTIVITIES
  Property, plant and equipment                 (939)         (571)        (391)
  Investments and other assets                  (659)         (724)        (272)
  Acquisition of Fording Canadian
    Coal Trust (Note 4(a))                   (11,639)         (599)           -
  Acquisition of Aur Resources Inc.
    (Note 4(d))                                    -        (2,588)           -
  Proceeds from sale of investments
    and assets                                    29           194          885
  Proceeds from other assets                     187             -            -
  Decrease (increase) in temporary
    investments                                  (11)          194          759
  Decrease (increase) in cash held
    in trust                                       -           105         (105)
- --------------------------------------------------------------------------------
                                             (13,032)       (3,989)         876
FINANCING ACTIVITIES
  Issuance of debt                            11,842            14          123
  Repayment of debt (Note 11(i))              (1,228)            -         (333)
  Issuance of Class B subordinate
    voting shares                                  6            13           16
  Purchase and cancellation of Class B
    subordinate voting shares                      -          (577)           -
  Dividends paid                                (442)         (426)        (296)
  Distributions to non-controlling
    interests                                   (102)          (42)          (5)
  Redemption of exchangeable debentures            -          (105)        (340)
  Other                                          (13)           (5)           -
- --------------------------------------------------------------------------------
                                              10,063        (1,123)        (840)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
  CASH EQUIVALENTS HELD IN U.S. DOLLARS          241          (335)          10
- --------------------------------------------------------------------------------
INCREASE (DECREASE) IN CASH AND CASH
  EQUIVALENTS FROM CONTINUING OPERATIONS        (596)       (3,686)       2,956
CASH RECEIVED FROM DISCONTINUED
  OPERATIONS (Note 21(b))                         38            40            -
- --------------------------------------------------------------------------------
INCREASE (DECREASE) IN CASH AND CASH
  EQUIVALENTS                                   (558)       (3,646)       2,956
CASH AND CASH EQUIVALENTS AT BEGINNING
  OF YEAR                                      1,408         5,054        2,098
- --------------------------------------------------------------------------------

CASH AND CASH EQUIVALENTS AT END OF YEAR    $    850      $  1,408     $  5,054
================================================================================


The accompanying notes are an integral part of these financial statements.

- -------------------------------------------------------------------------------
                                                                              3
<PAGE>

Consolidated Balance Sheets
As at December 31

================================================================================
                                                             2008          2007
- --------------------------------------------------------------------------------

ASSETS

CURRENT ASSETS
      Cash and cash equivalents                         $     850     $   1,408
      Temporary investments                                    11             -
      Income taxes receivable                               1,130            33
      Accounts and settlements receivable                     769           560
      Inventories (Note 5)                                  1,339         1,004
- --------------------------------------------------------------------------------
                                                            4,099         3,005

Investments (Note 6)                                          948         1,506

Property, plant and equipment (Note 7)                     23,909         7,807

Other assets (Note 8)                                         853           592

Goodwill (Note 9)                                           1,724           663
- --------------------------------------------------------------------------------
                                                        $  31,533     $  13,573
- --------------------------------------------------------------------------------

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities
      Accounts payable and accrued liabilities
        (Note 10)                                       $   1,506     $   1,238
      Current portion of long-term debt (Note 11)           1,336            31
      Short-term debt (Note 11)                             6,436             -
- --------------------------------------------------------------------------------
                                                            9,278         1,269

Long-term debt (Note 11)                                    5,102         1,492

Other liabilities (Note 12)                                 1,184           994

Future income and resource taxes (Note 13(c))               4,965         2,007

Non-controlling interests (Note 14)                           104            92

Shareholders' equity (Note 15)                             10,900         7,719
- --------------------------------------------------------------------------------

                                                        $  31,533     $  13,573
================================================================================

Liquidity  risk (Note 2)  Commitments  and  contingencies  (Note 20) Subsequent
events (Note 4(e), 6(a) and 20(a)) Approved on behalf of the Board of Directors



     /s/ Hugh J. Bolton                        /s/ Keith E. Steeves
- -------------------------------------      ------------------------------------
         HUGH J. BOLTON                            KEITH E. STEEVES
 Chairman of the Audit Committee                      Director

The accompanying notes are an integral part of these financial statements.
- -------------------------------------------------------------------------------
4
<PAGE>

<TABLE>
<CAPTION>
Consolidated Statements of Shareholders' Equity
Years ended December 31

=========================================================================================
(Cdn$ in millions)                                       2008          2007          2006
- -----------------------------------------------------------------------------------------
<S>                                                  <C>           <C>           <C>
CLASS A COMMON SHARES (Note 15)
Balance - beginning of year                          $      7      $      7      $      7
- -----------------------------------------------------------------------------------------
Balance - end of year                                       7             7             7

CLASS B SUBORDINATE VOTING SHARES
Balance - beginning of year                             3,274         2,398         2,148

    Issued on exercise of options (Note 15(e))              7            16            20
    Issued on settlement of exchangeable
      debentures                                            -             -           230
    Issued on business acquisitions
      (Note 4(a) and 4(d))                              1,504           952             -
    Issued on asset acquisition (Note 4(b))               287             -             -
    Purchased through share repurchase
      program (Note 15(j))                                  -           (92)            -
- -----------------------------------------------------------------------------------------
Balance - end of year                                   5,072         3,274         2,398

RETAINED EARNINGS
Balance - beginning of year as
  previously reported                                   5,038         4,225         2,228
    Adoption of financial instruments
     standards                                              -           112             -
    Net earnings                                          659         1,615         2,431
    Dividends declared                                   (221)         (431)         (431)
    Class B subordinate voting shares
      repurchased (Note 15(j))                              -          (483)            -
    Interest on exchangeable debentures,
      net of taxes (Note 15(d))                             -             -            (3)
- -----------------------------------------------------------------------------------------
Balance - end of year                                   5,476         5,038         4,225

CONTRIBUTED SURPLUS
Balance - beginning of year                                71            64            61
    Stock-based compensation expense
       (Note 15(e))                                        13            11             7
    Transfer to Class B subordinate voting
      shares on exercise of options                        (2)           (2)           (4)
    Share repurchase program (Note 15(j))                   -            (2)            -
- -----------------------------------------------------------------------------------------
Balance - end of year                                      82            71            64

ACCUMULATED OTHER COMPREHENSIVE
  INCOME (LOSS) (Note 15(g))                              263          (671)         (145)
- -----------------------------------------------------------------------------------------

TOTAL SHAREHOLDERS' EQUITY                           $ 10,900      $  7,719      $  6,549
=========================================================================================


<CAPTION>
Consolidated Statements of Comprehensive Income
Years ended December 31
=========================================================================================
(Cdn$ in millions)                                       2008          2007          2006
- -----------------------------------------------------------------------------------------
<S>                                                  <C>           <C>           <C>
NET EARNINGS                                         $    659      $  1,615      $  2,431

OTHER COMPREHENSIVE INCOME (LOSS) IN THE YEAR
    Changes in foreign currency
      translation adjustments                           1,003          (550)           23
    Changes in unrealized gains and losses of
      available-for-sale instruments                      (48)          (36)            -
    Changes in unrealized gains and losses of
      derivatives designated as cash flow hedges          (21)           10             -
- -----------------------------------------------------------------------------------------
Total other comprehensive income (loss)
  (Note 15(g))                                            934          (576)           23
- -----------------------------------------------------------------------------------------
COMPREHENSIVE INCOME                                 $  1,593      $  1,039      $  2,454
=========================================================================================
</TABLE>


The accompanying notes are an integral part of these financial statements.

- -------------------------------------------------------------------------------
                                                                              5

<PAGE>

Notes to Consolidated Financial Statements
Years ended December 31, 2008, 2007 and 2006

1.   NATURE OF OPERATIONS

     Teck  Cominco  Limited  and its  subsidiaries  ("we,"  "us," or "our") are
     engaged  in  mining  and   related   activities   including   exploration,
     development,  processing,  smelting and refining.  Our major  products are
     copper,  metallurgical  coal and zinc.  We also produce  precious  metals,
     lead,  molybdenum,  electrical  power,  fertilizers and various  specialty
     metals. Metal products are sold as refined metals or concentrates. We also
     own an  interest  in  certain  oil  sands  leases  and have a  partnership
     interest in an oil sands development project.


2.   LIQUIDITY RISK

     Our  consolidated  financial  statements  have  been  prepared  on a going
     concern  basis,  which  contemplates  the  realization  of assets  and the
     settlement of liabilities in the normal course of business. Liquidity risk
     is the risk that we will not be able to meet our financial  obligations as
     they become due.

     On September 30, 2008,  we entered into  definitive  financing  agreements
     related to bridge and term loan facilities and the conditions precedent to
     our purchase of the assets of the Fording Canadian Coal Trust  ("Fording")
     and our lenders' funding  obligations were  substantially  satisfied.  Our
     original plan for the acquisition  was to refinance a substantial  portion
     of the  acquisition  facilities  prior to or shortly  after closing of the
     transaction  with various types of long-term debt and to repay the balance
     with cash flow from operating activities prior to the maturity of the term
     facility.  In the fourth  quarter of 2008 and prior to the  closing of the
     transaction,  conditions in the credit markets deteriorated substantially,
     effectively  closing  the  credit  markets  to  us.  These  credit  market
     conditions  had  a  serious  impact  on  the  global  economy,  which  has
     contributed  to a  significant  and rapid  decline  in the  demand for and
     selling price of the base metal products we produce.  As a result of these
     conditions,  which have  continued  into 2009,  our  credit  ratings  were
     lowered and our share price has declined substantially.

     Current weak global  economic  conditions  and the downgrade in our credit
     ratings make access to the credit and capital  markets  difficult  for us,
     which may compromise our ability to repay or refinance all or a portion of
     the  acquisition  loans as they become due. We are currently in compliance
     with the financial covenants under our credit agreements,  which establish
     a  maximum  debt to total  capitalization  ratio of 60% at the end of each
     calendar  quarter  until it  declines to 50% at  September  30,  2009.  At
     December  31,  2008,  our debt to total  capitalization  ratio was 54%. To
     maintain our current  production  forecasts  for 2009,  we expect  capital
     spending of approximately  $500 million in 2009 and with the re-scaling of
     that  project,   our  contributions  to  the  Fort  Hills  Energy  Limited
     Partnership  ("FHELP")  are  expected  to decline to $330  million for our
     share of the remaining costs  necessary to get to a sanctioning  decision.
     Based on expected  free cash flow we will not  generate  sufficient  funds
     from operations to repay the entire obligation on the bridge facility that
     is due on October 29,  2009,  and will need to  generate  funds from other
     sources to do so, or will need an extension or  refinancing  of the bridge
     loan.

     As at December 31, 2008,  US$5.3  billion of the bridge  facility and US$4
     billion of the term facility were outstanding.  All of the bridge facility
     and US$1.1  billion of the term  facility is due on or before  October 29,
     2009.

     To address our near-term liquidity requirements, we have begun discussions
     with our lenders to negotiate amendments to the bridge facility to provide
     us with additional time to generate cash and/or access appropriate sources
     of  long-term  financing  to repay the  bridge  facility.  There can be no
     assurance that these negotiations will be successful. We have also taken a
     number of other steps to assist us in meeting our  repayment  obligations,
     including  suspending  the  dividends  on our  Class A common  and Class B
     subordinate  voting shares,  reducing capital and discretionary  spending,
     expediting tax refunds of $1.1 billion,  closing  unprofitable  operations
     and reducing the size of our global  workforce  by  approximately  13%. To
     date we have sold our interest in the  Lobo-Marte  gold property for US$40
     million,  and 5.6 million Kinross  shares,  and have announced the sale of
     our  interest  in the  Hemlo  mines for US$65  million,  and our  indirect
     interest in a Peruvian  company,  Sociedad  Minera El Brocal  S.A.A.,  for
     US$35 million. We are also pursuing other potential asset sales. There can
     be no assurance that we will be able to complete further  sufficient asset
     sales on a timely basis.

- -------------------------------------------------------------------------------
6

<PAGE>

2.   LIQUIDITY RISK, CONTINUED

     Our  ability  to repay  or  refinance  the  bridge  facility  prior to its
     maturity and make the quarterly  instalment  payments on the term facility
     depends on a number of  factors,  some of which are  beyond  our  control.
     These  include  general  global   economic,   credit  and  capital  market
     conditions,  and the  demand for and  selling  price of our  products,  in
     particular,  metallurgical coal. There can be no assurance that our credit
     ratings will not be downgraded  further,  which would further increase our
     costs of borrowing and further limit our ability to refinance our existing
     debt.  There is no assurance that the expected cash flows from  operations
     in combination  with asset sales and other steps being taken will allow us
     to meet these  obligations  as they become due,  that we will  continue to
     meet the financial covenants under our various lending agreements, or that
     we will be successful in renegotiating or refinancing the bridge facility.
     Accordingly,  it is  possible  that we could be in default of our  various
     lending  agreements  prior  to the end of  2009,  which  could  result  in
     outstanding obligations becoming immediately due and payable unless we can
     obtain waivers from the lenders.

     Although we have  approximately  $1.1 billion in unused credit lines under
     various  bank  credit  facilities,  there can be no  assurance,  given our
     current financial condition,  that these credit lines will be available to
     us if we should need to draw on them, or that our maturing credit lines of
     US$50 million and  miscellaneous  letters of credit totalling $258 million
     will be renewed in the ordinary course. Our existing debt obligations will
     constrain our capital  spending and that may have an adverse effect on our
     operations.  Our debt  levels  will also  limit our  ability to expand our
     operations   or  make   other   investments   that   would   enhance   our
     competitiveness.

     In a cyclical  industry  such as ours,  history  has shown  that  periodic
     spikes in  commodity  prices can result in  substantial  increases  in our
     company's cash flow.  Many of our major  operations  are long-life  assets
     with significant  reserves and resources and have lives exceeding 20 years
     based on current  production  levels.  If we are to realize the benefit of
     the economic  recovery when in occurs, we must more closely match the term
     of our debt  structure  to the life of our  assets.  We  believe  that our
     access to financial  resources  through capital markets  transactions  has
     been limited  mainly due to the effective  closure of the capital  markets
     brought about by the significant deterioration in the financial markets in
     the latter  half of 2008,  which we believe  has also  contributed  to the
     significant  decline in the demand for and selling  price of our products.
     Accordingly, there is some risk that the steps described above will not be
     successful in allowing us to meet our obligations, which may require us to
     sell  core  assets  or raise  debt or  equity  capital,  which  management
     believes  would  enable us to satisfy  our  obligations  as they fall due.
     However,  these actions may have a material adverse effect on our business
     and on the market prices of our equity and debt securities.


3.   SIGNIFICANT ACCOUNTING POLICIES

a)   Basis  of  Presentation,   Accounting   Principles  and  Adoption  of  New
     Accounting Standards

     GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

     Our  consolidated   financial   statements  are  prepared  using  Canadian
     Generally  Accepted  Accounting  Principles  ("Canadian  GAAP").  Note  24
     reconciles the consolidated  financial  statements  prepared in accordance
     with Canadian  GAAP to financial  statements  prepared in accordance  with
     United States Generally Accepted Accounting Principles ("US GAAP").

     BASIS OF PRESENTATION

     Our consolidated financial statements include the accounts of Teck Cominco
     Limited  and  all  of  its   subsidiaries.   Our   significant   operating
     subsidiaries  include  Teck  Cominco  Metals Ltd.  ("TCML"),  Teck Cominco
     American Inc. ("TCAI"), Teck Cominco Alaska Inc. ("TCAK"), Highland Valley
     Copper  Partnership  ("Highland  Valley  Copper"),  Teck Coal  Partnership
     ("Teck Coal," previously known as Elk Valley Coal  Partnership),  Compania
     Minera Quebrada Blanca S.A. ("Quebrada Blanca") and Compania Minera Carmen
     de Andacollo ("Andacollo").


- -------------------------------------------------------------------------------
                                                                              7
<PAGE>

3.   SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

     Many of our mining  activities are conducted through interests in entities
     where  we  share  joint  control   including   Compania   Minera  Antamina
     ("Antamina") and Pogo Joint Venture ("Pogo"). These entities are accounted
     for using the proportionate  consolidation method. We shared joint control
     of Teck Coal prior to our  acquisition  of Fording's  60% interest in Teck
     Coal in October 2008 (Note 4(a)).  We also  consolidate  entities that are
     variable interest entities where we are the primary beneficiary.

     Certain  comparative  figures  have been  reclassified  to  conform to the
     presentation  adopted for the current  period.  All dollar  amounts are in
     Canadian dollars unless otherwise specified.

     INVENTORIES

     In June 2007,  the Canadian  Institute of Chartered  Accountants  ("CICA")
     issued  Section  3031  "Inventories"  to  replace  Section  3030.  The new
     section, which was effective on January 1, 2008, establishes standards for
     the measurement and disclosure of inventories.  Retrospective  application
     of this standard did not have an effect on our financial statements.

b)   Significant Accounting Policies

     USE OF ESTIMATES

     The  preparation  of our  financial  statements  in  conformity  with GAAP
     requires estimates and assumptions that affect the amounts reported in the
     consolidated  financial  statements.  Significant  areas where judgment is
     applied include asset and investment  valuations,  ore reserve estimation,
     finished and in-process inventory  quantities,  plant and equipment lives,
     goodwill, contingent liabilities including matters in litigation, variable
     interest entities, tax rates, provisions and future tax balances including
     valuation  allowances in respect of future tax balances,  asset retirement
     obligations,   other   environmental   liabilities,   pension   and  other
     post-retirement benefits and other accrued liabilities.

     As at December 31, 2008,  global  market  conditions  were  unsettled  and
     volatile.  In these  circumstances,  assumptions for value of non-exchange
     traded  assets and business  units are even more  subject to  variability.
     These  valuations  are the basis of impairment  testing,  particularly  in
     respect of goodwill. Actual results could differ from our estimates.

     TRANSLATION OF FOREIGN CURRENCIES

     The functional currency of Teck Cominco Limited, the parent entity, is the
     Canadian dollar.  For our integrated foreign  operations,  monetary assets
     and liabilities are translated at year end exchange rates and other assets
     and liabilities are translated at historical rates. Revenues, expenses and
     cash flows are translated at monthly  average  exchange  rates.  Gains and
     losses on  translation  of monetary  assets and monetary  liabilities  are
     charged to earnings.

     The accounts of our  self-sustaining  foreign operations are translated at
     year end exchange  rates,  and revenues  and  expenses are  translated  at
     monthly  average  exchange rates.  Differences  arising from these foreign
     currency  translations  are recorded in other  comprehensive  income until
     they are realized by a reduction in the investment.

     FINANCIAL INSTRUMENTS

     We recognize financial assets and liabilities on the balance sheet when we
     become a party to the contractual provisions of the instrument.

     CASH AND CASH EQUIVALENTS

     Cash and cash  equivalents  include cash on account,  demand  deposits and
     money market  investments  with maturities from the date of acquisition of
     three months or less,  which are readily  convertible  to known amounts of
     cash and are subject to insignificant changes in value.


- -------------------------------------------------------------------------------
8
<PAGE>

3.   SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

     TEMPORARY INVESTMENTS

     Temporary   investments  are  designated  as   available-for-sale.   These
     investments  include money market  instruments  with maturities of greater
     than three months from the date of acquisition.

     TRADE RECEIVABLES AND PAYABLES

     Trade receivables and payables are non-interest  bearing and are stated at
     carrying values,  which  approximate fair values due to the short terms to
     maturity.  Where  necessary,  trade  receivables are net of allowances for
     uncollectable amounts.

     INVESTMENTS IN MARKETABLE SECURITIES

     Investments in marketable  securities are designated as available-for-sale
     and  recorded at fair value.  Fair values are  determined  by reference to
     quoted  market  prices at the  balance  sheet date.  Unrealized  gains and
     losses  on   available-for-sale   investments   are  recognized  in  other
     comprehensive  income  until  investments  are  disposed  of  or  when  an
     other-than-temporary  decline in value occurs. Investment transactions are
     recognized  on the  trade  date with  transaction  costs  included  in the
     underlying  balance.  At  each  balance  sheet  date,  we  assess  for any
     impairment  in value that is considered  to be other than  temporary,  and
     record such impairments in net earnings for the period.

     SHORT-TERM DEBT AND LONG-TERM DEBT

     Short-term  debt  and  long-term  debt  are  initially  recorded  at total
     proceeds  received  less  direct  issuance  costs.  Debt  is  subsequently
     measured at amortized cost,  calculated using the effective  interest rate
     method.

     DERIVATIVE INSTRUMENTS

     Derivative  instruments,  including embedded derivatives,  are recorded on
     the  balance  sheet  at  fair  value.   Unrealized  gains  and  losses  on
     derivatives  held  for  trading  are  recorded  as  part of  other  income
     (expense) in net earnings. Fair values for derivative instruments held for
     trading are determined  using valuation  techniques.  These valuations use
     assumptions based on market conditions existing at the balance sheet date.
     Derivatives embedded in non-derivative contracts are recognized separately
     unless they are closely related to the host contract.

     HEDGING

     Certain derivative investments may qualify for hedge accounting.  For fair
     value hedges,  any gains or losses on the hedging  instrument  relating to
     both the effective and ineffective  portion of the hedge are recognized in
     net earnings, which offsets the fair value changes in the hedged item.

     For cash flow  hedges,  any  unrealized  gains and  losses on the  hedging
     instrument  relating to the  effective  portion of the hedge are initially
     recorded in other comprehensive income. Gains and losses are recognized in
     net earnings upon  settlement of the hedging  instrument,  when the hedged
     item ceases to exist, or when the hedge is determined to be ineffective.

     For hedges of net investments in self-sustaining  operations,  any foreign
     exchange  gains  or  losses  on the  hedging  instrument  relating  to the
     effective   portion  of  the  hedge  are   initially   recorded  in  other
     comprehensive  income.  Gains and losses are recognized in net earnings on
     the ineffective  portion of the hedge, or when there is a reduction in the
     net investment in the self-sustaining operation being hedged.


- -------------------------------------------------------------------------------
                                                                              9

<PAGE>

3.   SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

     INVENTORIES

     Finished products, work in process and raw material inventories are valued
     at the  lower of cost and net  realizable  value.  Raw  materials  include
     concentrates for use at smelting and refining operations.  Work in process
     inventory includes inventory in the milling,  smelting or refining process
     and stockpiled ore at mining operations.

     For work in process and finished  product  inventories,  cost includes all
     direct costs incurred in production including direct labour and materials,
     freight,  depreciation and amortization and directly attributable overhead
     costs.  Waste rock stripping costs related to mine production are included
     in the cost of inventories as incurred.

     When inventories have been written down to net realizable value, we make a
     new assessment of net realizable value in each subsequent  period.  If the
     circumstances  that caused the  write-down no longer exist,  the amount of
     the write-down is reversed.

     We use both  joint-product and by-product  costing for work in process and
     finished product inventories. Joint costing is applied to primary products
     at the Red Dog,  Antamina,  Duck Pond and Pend Oreille mines and the Trail
     operations, where the profitability of the operation is dependent upon the
     production of a number of primary products.  Joint costing allocates total
     production  costs  based on the  relative  values of the  products.  Where
     by-product  costing is used,  by-products  are allocated  the  incremental
     costs of processes that are specific to the production of that product.

     Supplies  inventory  is  valued  at the  lower  of  average  cost  and net
     realizable  value. Cost includes  acquisition,  freight and other directly
     attributable costs.

     INVESTMENTS SUBJECT TO SIGNIFICANT INFLUENCE

     Investments over which we exercise significant influence are accounted for
     using the equity  method.  We also equity  account for  variable  interest
     entities  of which we are not the  primary  beneficiary.  At each  balance
     sheet date, we assess the value of these investments for impairment.

     PROPERTY, PLANT AND EQUIPMENT

     PLANT AND EQUIPMENT

     Plant and equipment are recorded at cost. The cost of buildings, plant and
     processing   equipment  at  our  mining   operations  is  amortized  on  a
     units-of-production  basis over the lesser of the estimated useful life of
     the asset and the estimated proven and probable ore reserves. Amortization
     of plant and  equipment  at our smelting  operations  is  calculated  on a
     straight-line  basis over the estimated  useful life of the asset.  Mobile
     equipment is depreciated  over the estimated  equipment  operating  hours.
     Buildings  are  amortized on a  straight-line  basis over their  estimated
     useful life, not exceeding the estimated life of the mine.

     When we incur debt directly related to the construction of a new operation
     or major expansion,  the interest and financing costs associated with such
     debt are capitalized during the construction period.

     MINERAL PROPERTIES AND MINE DEVELOPMENT COSTS

     The cost of  acquiring  and  developing  mineral  properties  or  property
     rights,  including  costs incurred  during  production to increase  future
     output  by  providing  access  to  additional  sources  of  reserves,  are
     deferred.  Once available for use, mineral properties and mine development
     costs are  amortized  on a  units-of-production  basis over the proven and
     probable reserves to which they relate.


- -------------------------------------------------------------------------------
10

<PAGE>

3.   SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

     Underground  mine   development   costs  are  amortized  using  the  block
     amortization  method.  Development  costs  associated  with each  distinct
     section of the mine are amortized over the reserves to which they relate.

     Exploration  and  evaluation  costs are charged to earnings in the year in
     which they are  incurred,  except  where  these  costs  relate to specific
     properties  for which  resources,  as defined  under  National  Instrument
     43-101,  exist and it is expected that the expenditure can be recovered by
     future exploitation or sale, in which case they are deferred.

     DEVELOPMENT COSTS OF OIL SANDS PROPERTIES

     The costs of acquiring,  exploring,  evaluating  and  developing oil sands
     properties  are  deferred  when it is  expected  that these  costs will be
     recovered through future exploitation or sale of the property.

     ASSET IMPAIRMENT

     We perform  impairment  tests on our property,  plant and  equipment  when
     events or changes in circumstances  occur that indicate the carrying value
     of an asset  may not be  recoverable.  Estimated  future  cash  flows  are
     calculated using estimated future prices, mineral resources, operating and
     capital costs on an  undiscounted  basis.  When the carrying  value of the
     mine or development  project exceeds  estimated  undiscounted  future cash
     flows,  the asset is impaired.  Write-downs are recorded to the extent the
     carrying value exceeds the discounted  value of the estimated  future cash
     flows.

     REPAIRS AND MAINTENANCE

     Repairs and maintenance costs,  including shutdown  maintenance costs, are
     charged to expense as incurred,  except when these  repairs  significantly
     extend  the life of an asset or result  in an  operating  improvement.  In
     these instances the portion of these repairs relating to the betterment is
     capitalized as part of plant and equipment.

     GOODWILL

     We allocate  goodwill arising from business  combinations to the reporting
     units acquired based on estimates of the fair value of the reporting unit.
     Any  excess of the fair value of a  reporting  unit over the fair value of
     the sum of its individual  assets and  liabilities is considered  goodwill
     for that reporting unit.

     We  perform  goodwill   impairment  tests  annually  and  when  there  are
     impairment indicators.  This impairment assessment involves estimating the
     fair value of each  reporting  unit that has been  assigned  goodwill.  We
     compare  the fair  value to the total  carrying  amount of each  reporting
     unit, including goodwill.  If the carrying amount exceeds fair value, then
     we estimate the fair values of all identifiable  assets and liabilities in
     the  reporting  unit,  and  compare  this net fair  value of  assets  less
     liabilities to the estimated fair value of the entire  reporting unit. The
     difference  represents the fair value of goodwill.  If the carrying amount
     of  goodwill  exceeds  this  amount,  we  reduce  goodwill  by a charge to
     earnings in the amount of the excess.

     The fair value of assets and  liabilities  are estimated  using a model of
     discounted  cash flows  based on proven and  probable  reserves  and value
     beyond  proven and  probable  reserves.  Other major  assumptions  include
     commodity  prices,  operating  costs,  foreign exchange rates and discount
     rates.

     Circumstances  which result in an  impairment  and  write-down of goodwill
     could arise  through a variety of factors  including  a  reduction  in the
     reserve or resource base of the mineral property,  a reduction in expected
     future prices for the commodities  produced,  or other factors,  including
     changes in the timing of project development,  host country tax regime and
     external  economic  factors.  In  addition,  general  economic and capital
     market  conditions  at the balance sheet date could result in a diminution
     of fair value that would result in an impairment of goodwill.


- -------------------------------------------------------------------------------
                                                                             11

<PAGE>

3.   SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

     REVENUE RECOGNITION

     Sales are recognized when title  transfers,  the rights and obligations of
     ownership  pass to the customer and the price is reasonably  determinable.
     The majority of our metal concentrates are sold under pricing arrangements
     where final  prices are  determined  by quoted  market  prices in a period
     subsequent  to the date of  sale.  In these  circumstances,  revenues  are
     recorded at the time of sale based on forward prices for the expected date
     of the  final  settlement.  As a  result,  the  value  of our  concentrate
     receivables  change as the underlying  commodity  market prices vary. This
     component of the contract is an embedded derivative,  which is recorded at
     fair value with changes in fair value recorded in revenues.

     INCOME AND RESOURCE TAXES

     Current  income  taxes are  recorded  based on the  estimated  income  and
     resource  taxes  receivable  or payable on taxable  income for the current
     year. Future income tax assets and liabilities are recognized based on the
     difference between the tax and accounting values of assets and liabilities
     and are calculated using  substantively  enacted tax rates for the periods
     in which the  differences  are  expected to reverse.  Tax rate changes are
     recognized in earnings in the period of substantive enactment.  Future tax
     assets are recognized to the extent that they are  considered  more likely
     than not to be realized.

     We are subject to assessments by various  taxation  authorities  which may
     interpret  tax  legislation  differently.  The final amount of taxes to be
     paid depends on a number of factors including outcomes of audits, appeals,
     disputes,  negotiations  and litigation.  We provide for such  differences
     based on our best estimate of the probable outcome of these matters.

     PENSION AND OTHER EMPLOYEE FUTURE BENEFITS

     DEFINED BENEFIT PENSION PLANS

     Defined   benefit   pension  plan   obligations  are  based  on  actuarial
     determinations.  The projected benefit method prorated on services is used
     to determine the accrued benefit obligation. Actuarial assumptions used in
     the   determination  of  defined  benefit  pension  plan  liabilities  and
     non-pension  post-retirement  benefits are based upon our best  estimates,
     including  discount rate,  expected plan performance,  salary  escalation,
     expected health care costs and retirement dates of employees. The expected
     return on plan assets is estimated based on the fair value of plan assets,
     asset allocation and expected long-term rates of return.

     Past service costs and transitional assets or liabilities are amortized on
     a straight-line  basis over the expected average  remaining service period
     of active employees  expected to receive benefits under the plan up to the
     full eligibility date.

     Differences between the actuarial  liabilities and the amounts recorded in
     the  financial  statements  will arise from  changes in plan  assumptions,
     changes  in  benefits,  or  through  experience  as  results  differ  from
     actuarial  assumptions.  Cumulative differences which are greater than 10%
     of  either  the fair  value  of the plan  assets  or the  accrued  benefit
     obligation, whichever is greater, are amortized over the average remaining
     service life of the related employees.

     DEFINED CONTRIBUTION PENSION PLANS

     The cost of  providing  benefits  through  defined  contribution  plans is
     charged to earnings as the obligation to contribute is incurred.


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12
<PAGE>

3.   SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

     NON-PENSION POST-RETIREMENT PLANS

     We provide  certain  health care benefits for certain  employees when they
     retire.  The cost of these  benefits is expensed  over the period in which
     the employees render services. These non-pension  post-retirement benefits
     are funded by us as they become due.

     STOCK-BASED COMPENSATION

     The fair value method of accounting is used for  stock-based  compensation
     awards.  Under  this  method,  the cost of options  and other  stock-based
     compensation  arrangements  is recorded based on the estimated fair values
     at the grant date and charged to earnings  over the  vesting  period.  For
     employees eligible for normal retirement prior to vesting,  the expense is
     charged to  earnings  over the period from the grant date to the date they
     are eligible for retirement.

     Stock-based compensation expense relating to deferred and restricted share
     units is accrued over the vesting  period of the units based on the quoted
     market value of Class B subordinate voting shares. As these awards will be
     settled in cash,  the expense and liability  are adjusted  each  reporting
     period for changes in the underlying share price.

     RESEARCH AND DEVELOPMENT

     Research  costs  are  expensed  as  incurred.  Development  costs are only
     deferred  when the product or process is clearly  defined,  the  technical
     feasibility  has been  established,  the future  market for the product or
     process is clearly defined and we are committed to, and have the resources
     to, complete the project.

     ASSET RETIREMENT OBLIGATIONS

     Future obligations to retire an asset including  dismantling,  remediation
     and ongoing treatment and monitoring of the site are initially  recognized
     and recorded as a liability at fair value,  based on estimated future cash
     flows,  our  current  credit  adjusted  risk-free  discount  rate  and  an
     estimated  inflation factor.  The liability is adjusted for changes in the
     expected  amounts  and  timing of cash flows  required  to  discharge  the
     liability and accreted to full value over time through periodic charges to
     earnings.  For operating  properties,  the amount of the asset  retirement
     liability  initially   recognized  and  any  subsequent   adjustments  are
     capitalized  as part of the asset's  carrying value and amortized over the
     asset's estimated useful life. For closed  properties,  any adjustments to
     the  liability  are charged to other income  (expense).  Asset  retirement
     obligations  are only  recorded  when the timing or amount of  remediation
     costs can be reasonably estimated.

     EARNINGS PER SHARE

     Earnings per share are calculated  based on the weighted average number of
     shares  outstanding  during the year. We follow the treasury  stock method
     for the  calculation  of diluted  earnings  per share.  Under this method,
     dilution is  calculated  based upon the net number of common shares issued
     should  "in-the-money"  options and warrants be exercised and the proceeds
     be used to  repurchase  common  shares at the average  market price in the
     year.  Dilution from  convertible  securities  is calculated  based on the
     number of shares to be issued after  taking into account the  reduction of
     the related after-tax interest expense.

- -------------------------------------------------------------------------------
                                                                             13

<PAGE>

3.   SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

c)   New Canadian Accounting Pronouncements

     GOODWILL AND INTANGIBLE ASSETS

     In February 2008,  the CICA issued Section 3064,  "Goodwill and Intangible
     Assets,"  which  replaces  Section 3062,  "Goodwill  and Other  Intangible
     Assets."  This  new  standard   provides   guidance  on  the  recognition,
     measurement,  presentation  and  disclosure  of  goodwill  and  intangible
     assets.  Concurrent  with the  adoption of this  standard,  CICA  Emerging
     Issues   Committee   Abstract  27,   "Revenues  and  Expenditures  in  the
     Pre-operating Period," ("EIC-27") was withdrawn.

     This standard is effective for our fiscal year  beginning  January 1, 2009
     with  retrospective  application.  Deferred start-up costs of $19 million,
     net of tax of $10 million, at December 31, 2008 will be written-off.

     BUSINESS COMBINATIONS AND RELATED SECTIONS

     In January 2009, the CICA issued Section 1582 "Business  Combinations"  to
     replace Section 1581. Prospective application of the standard is effective
     January  1,  2011,  with  early  adoption  permitted.  This  new  standard
     effectively  harmonizes the business  combinations standard under Canadian
     GAAP with International  Financial Reporting  Standards ("IFRS").  The new
     standard revises  guidance on the  determination of the carrying amount of
     the assets acquired and liabilities  assumed,  goodwill and accounting for
     non-controlling interests at the time of a business combination.

     The  CICA  concurrently   issued  Section  1601  "Consolidated   Financial
     Statements" and Section 1602  "Non-Controlling  Interests,"  which replace
     Section 1600 "Consolidated  Financial  Statements."  Section 1601 provides
     revised guidance on the preparation of consolidated  financial  statements
     and Section 1602  addresses  accounting for  non-controlling  interests in
     consolidated  financial statements  subsequent to a business  combination.
     These  standards  are  effective  January 1, 2011,  unless  they are early
     adopted at the same time as Section 1582 "Business Combinations."


4.   ACQUISITIONS AND DISPOSITIONS

a)   Acquisition of Fording Canadian Coal Trust

     In October 2008, we acquired all of the assets of Fording, which consisted
     primarily of a royalty interest in respect of Fording's 60%  non-operating
     interest in Teck Coal,  previously  known as Elk Valley  Coal  Partnership
     ("EVCP"). Teck Coal operates six metallurgical coal mines located in south
     eastern British Columbia and west central Alberta.

     Prior to the  acquisition  we were the  managing  partner of Teck Coal and
     owned a 52% effective interest in the partnership. This was comprised of a
     40% direct  interest in Teck Coal and a 19.6% interest in the  outstanding
     units of Fording. We acquired an 8.7% interest in Fording in 2003 for $150
     million and a further 11.2%  interest in 2007 for $599 million.  Our 19.6%
     interest in Fording,  represented by 29.5 million  Fording  units,  was an
     effective  11.8%  interest in Teck Coal and we accounted for this interest
     using the equity method.  We recorded  equity  earnings from Fording until
     October 30, 2008.

     As part of the plan of  arrangement  to acquire the assets of Fording,  we
     sold our Fording  units.  The net proceeds of  approximately  $2.9 billion
     were used to partially fund the acquisition of Fording's  assets.  The net
     proceeds from the  disposition  of the units have been offset  against the
     purchase price of Fording's  assets.  These  transactions  resulted in the
     acquisition of an 80.4% interest in the assets and liabilities of Fording.


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14

<PAGE>

4.   ACQUISITIONS AND DISPOSITIONS, CONTINUED

     The  separate  acquisitions  have been  accounted  for using the  purchase
     method.   Accordingly,   the  values   assigned  to  assets  acquired  and
     liabilities  assumed  from  Fording  reflect the nature of a  step-by-step
     purchase  with the  assets and  liabilities  measured  at their  estimated
     individual  fair  values  on  each  respective  date of  acquisition.  Our
     consolidated  earnings and cash flows include 100% of Fording's results of
     operations from October 30, 2008.

     The purchase cost of $13,644 million was funded with a combination of cash
     and Class B subordinate voting shares as follows:

     ===========================================================================
     (Cdn $ in millions)
     ---------------------------------------------------------------------------
     Cash                                                             $  14,635
     Issuance of 36,828,787 Class B subordinate voting shares             1,504

     Proceeds on disposal of Fording units                               (2,870)
     Transaction costs, including taxes                                     375
     ---------------------------------------------------------------------------
     Total purchase price                                             $  13,644
     ===========================================================================

     Each Class B  subordinate  voting  share was  valued at $42.98,  being the
     average  closing price on the Toronto Stock  Exchange for two trading days
     before  and one  trading  day  after  the  announcement  of our  offer for
     Fording, less deemed issuance costs.

     Our allocation of the purchase cost to the assets acquired and liabilities
     assumed is based upon estimated fair values at the time of acquisition. We
     have  substantially  completed the process of determining  fair values for
     assets  acquired  and  liabilities  assumed.  Matters  still under  review
     principally  relate to income and resource  taxes and could affect  values
     assigned to future tax liabilities and goodwill. As a result, the purchase
     price allocation is subject to change in 2009 as the valuation  process is
     completed.


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                                                                             15
<PAGE>

4.   ACQUISITIONS AND DISPOSITIONS, CONTINUED

     Our current  allocation of the purchase  price to the estimated fair value
     of the assets and  liabilities  of Fording  from the  various  steps is as
     follows:

     ===========================================================================
     (Cdn $ in millions)                2003 and 2007         2008        Total
     ---------------------------------------------------------------------------
     Cash                                      $   25     $    101     $    126
     Accounts receivable                           45          187          232
     Inventory                                     33          327          360
     Property, plant and equipment                849       13,438       14,287
     Goodwill                                     308          883        1,191
     Future income and resource tax assets          -        1,400        1,400
     Other                                          5           15           20
     ---------------------------------------------------------------------------
     Total assets acquired                      1,265       16,351       17,616
     Current liabilities                          (50)        (292)        (342)
     Derivative instrument liability              (58)        (239)        (297)
     Long-term debt                                (8)        (281)        (289)
     Long-term liabilities                        (36)        (147)        (183)
     Future income and resource
       tax liabilities                           (273)      (1,735)      (2,008)
     Non-controlling interests                     (1)         (13)         (14)
     ---------------------------------------------------------------------------

     Total liabilities assumed                   (426)      (2,707)      (3,133)
     ---------------------------------------------------------------------------

     Net assets acquired                       $  839     $ 13,644    $  14,483
     ===========================================================================

     The goodwill  balances  arising from the Fording  acquisitions are in part
     due to the accounting  requirement to recognize a future tax liability but
     also  reflect,  for the 2008  purchase,  changes in  expected  future coal
     prices and  US/Canadian  dollar  exchange  rates  between  the date of the
     acquisition  announcement  in July 2008 and the closing of the acquisition
     on October 30, 2008.

     The net cash cost of the acquisition was as follows:

     ===========================================================================
     (Cdn $ in millions)                                                   2008
     ---------------------------------------------------------------------------
     Cash paid to Fording unit holders                                 $ 14,635
     Less cash proceeds on disposal of Fording units                     (2,870)
     Less Fording's cash balance on acquisition date                       (126)
     ---------------------------------------------------------------------------
                                                                       $ 11,639
     ---------------------------------------------------------------------------

b)   Acquisition of Relincho Copper Project

     In August  2008,  we completed  the  acquisition  of the  Relincho  copper
     project in Chile by way of a plan of arrangement  involving  Global Copper
     Corp.,  the owner of the  project.  The purchase  price was $424  million,
     being $136  million  paid in cash,  the  issuance of 6.9  million  Class B
     subordinate  voting  shares  valued at $287  million,  less $1  million of
     transaction   costs.  We  accounted  for  this  transaction  as  an  asset
     acquisition  and  recorded a future  income tax  liability  based upon the
     difference  between the accounting  and tax basis of the assets  acquired.
     The purchase price has been allocated as follows:  $681 million to mineral
     properties,  $252 million to future income tax liability and $5 million to
     net liabilities assumed.


- -------------------------------------------------------------------------------
16
<PAGE>

4.   ACQUISITIONS AND DISPOSITIONS, CONTINUED

c)   Disposition of Minera Petaquilla

     In March 2008, we satisfied contractual  requirements to earn a 26% equity
     interest in Minera Petaquilla S.A.  ("MPSA"),  the Panamanian company that
     holds the  Petaquilla  concession.  We also entered into an agreement with
     Inmet Mining Corporation ("Inmet"),  whereby Inmet would provide our share
     of the required  project funding on an interim basis, and act as operators
     of the project on our behalf.  In  November  2008,  we elected to withdraw
     from the  Petaquilla  project and our 26% interest in MPSA was assigned to
     Inmet. We have no further funding obligations for this project.

     Our withdrawal from the project resulted in a pre-tax,  non-cash charge of
     $22 million,  which is included in the asset impairment  charges disclosed
     in Note 16.

d)   Acquisition of Aur Resources Inc.

     In August 2007, we acquired 100% of the  outstanding  common shares of Aur
     Resources  Inc.  ("Aur") for $4,054  million.  Aur owned  interests in the
     Quebrada  Blanca (76.5%) and Andacollo (90%) copper mines located in Chile
     and the Duck Pond (100%) copper-zinc mine located in Newfoundland, Canada.
     We accounted for the acquisition of Aur using the purchase  method.  Aur's
     results  of  operations  are  included  in  our   consolidated   financial
     statements from August 22, 2007.

     The purchase cost of $4,054  million was funded with a combination of cash
     and Class B subordinate voting shares as follows:

     ===========================================================================
     (Cdn $ in millions)
     ---------------------------------------------------------------------------
     Cash                                                               $ 3,089
     Issuance of 21,971,906 Class B subordinate voting shares               952
     Transaction costs                                                       13
     ---------------------------------------------------------------------------

     Total purchase price                                               $ 4,054
     ===========================================================================

     Each Class B  subordinate  voting  share was  valued at $43.33,  being the
     average  closing price on the Toronto Stock  Exchange for two trading days
     before  and one day after  the  announcement  of our  offer for Aur,  less
     deemed issuance costs.

     In 2008 we completed the process of determining fair values for the assets
     and  liabilities  acquired  from Aur.  The  significant  changes  from the
     preliminary  allocation  at  December  31,  2007  include an  increase  to
     goodwill of $44  million,  a $15  million  increase  to other  assets,  an
     increase  to the  future  income tax  liability  of $62  million  and a $3
     million adjustment to other accounts.


- -------------------------------------------------------------------------------
                                                                             17
<PAGE>

4.   ACQUISITIONS AND DISPOSITIONS, CONTINUED

     Our final  allocation of the purchase price to the estimated fair value of
     the assets and liabilities of Aur is as follows:

     ===========================================================================
     (Cdn $ in millions)
     ---------------------------------------------------------------------------
     Cash                                                               $   501
     Inventory                                                              267
     Property, plant and equipment                                        4,135
     Goodwill                                                               750
     Other                                                                  345
     ---------------------------------------------------------------------------
     Total assets acquired                                                5,998

     Current liabilities                                                   (197)
     Long-term liabilities                                                 (393)
     Future income tax liability                                         (1,325)
     Non-controlling interests                                              (29)
     ---------------------------------------------------------------------------
     Total liabilities assumed                                           (1,944)
     ---------------------------------------------------------------------------
     Net assets acquired                                                $ 4,054
     ---------------------------------------------------------------------------

     The net cash cost of the acquisition was as follows:

     ===========================================================================
     (Cdn $ in millions)
     ---------------------------------------------------------------------------
     Cash paid to Aur shareholders                                      $ 3,089
     Less Aur's cash balance on acquisition date                           (501)
     ---------------------------------------------------------------------------
                                                                        $ 2,588
     ===========================================================================

     The goodwill  balance  arising from the Aur acquisition is a result of the
     accounting  requirement to recognize a future tax liability  calculated as
     the difference  between the fair values of the assets and  liabilities and
     the tax bases on an undiscounted basis.

     As a result of the decline in  commodity  prices in the fourth  quarter of
     2008, a goodwill  impairment  test was performed  for Aur which  indicated
     that a write-down of the goodwill  arising in the acquisition was required
     (Note 16(b)).

e)   Dispositions Subsequent to December 31, 2008

     In January 2009, we sold our 60% interest in the  Lobo-Marte  gold project
     in Chile to Kinross Gold Corporation ("Kinross") for US$40 million in cash
     and  approximately  5.6  million  Kinross  common  shares  valued at US$97
     million  at the date of the sale.  We also  received  a 1.75% net  smelter
     return royalty, which shall not exceed US$40 million, in respect of 60% of
     the gold produced from  Lobo-Marte  payable when gold prices on the London
     Metal Exchange exceed US$760 per ounce. An estimated  pre-tax gain of $160
     million will be recognized in the first quarter of 2009.

     The Kinross shares received as  consideration  are subject to a four month
     restriction  on resale  that  expires on May 6, 2009.  We can enter into a
     transaction  that has the economic  effect of a sale of the Kinross shares
     with the consent of Kinross, which cannot be unreasonably withheld.


- -------------------------------------------------------------------------------
18
<PAGE>

4.   ACQUISITIONS AND DISPOSITIONS, CONTINUED

     In February  2009,  we announced  the sale of our interest in the Williams
     and David  Bell  ("Hemlo")  mines for US$65  million  to an  affiliate  of
     Barrick Gold  Corporation.  The transaction will have an effective date of
     January 1, 2009.  Closing is subject to  customary  conditions,  including
     receipt of  regulatory  approvals  and is  expected to occur in the second
     quarter.  An estimated pre-tax gain of $60 million will be recognized upon
     closing.

     Also in February  2009, we announced the sale of our indirect  interest in
     Sociedad Minera El Brocal S.A.A. for US$35 million.  Closing is subject to
     customary  conditions  and is  expected  to occur in the first  quarter of
     2009.  An estimated  pre-tax gain of $42 million will be  recognized  upon
     closing.


5.   INVENTORIES
<TABLE>
<CAPTION>
     ====================================================================================

     (Cdn$ in millions)                                           2008             2007
     ------------------------------------------------------------------------------------
<S>                                                            <C>             <C>
     Finished product                                          $   534         $    312
     Work in process                                               371              350
     Raw materials                                                  91              153
     Supplies                                                      343              189
     ------------------------------------------------------------------------------------
                                                               $ 1,339         $  1,004
     ====================================================================================
</TABLE>

     Operating expenses include $300 million (2007 - $(2) million, 2006 - $(59)
     million) of costs of  inventories.  As at December  31, 2008 we recorded a
     write-down  of $24  million  (2007  - nil)  on a  portion  of our  product
     inventory to its net realizable value of $116 million.


6.   INVESTMENTS
<TABLE>
<CAPTION>
     ====================================================================================
     (Cdn$ in millions)                                2008                    2007
     ------------------------------------------------------------------------------------
                                              Carrying       Fair     Carrying      Fair
                                                 value      value        value     value
     ------------------------------------------------------------------------------------
<S>                                            <C>         <C>         <C>         <C>
     AVAILABLE-FOR-SALE INVESTMENTS
     Marketable securities                     $   104     $  104      $   308     $ 308

     HELD FOR TRADING INVESTMENTS
     Warrants                                       -          -             1         1
     ------------------------------------------------------------------------------------
                                                   104     $  104          309     $ 309
     INVESTMENTS ACCOUNTED FOR UNDER
      THE EQUITY METHOD
     Fording Canadian Coal Trust (Note 4(a))         -                     750
     Galore Creek Partnership
       (50% interest) (a)                          299                     214
     Fort Hills Energy Limited Partnership
       (20% interest) (b)                          545                     233
                                               -------                 -------
                                               $   948                 $ 1,506
                                               =======                 =======
</TABLE>


- -------------------------------------------------------------------------------
                                                                             19

<PAGE>

6.   INVESTMENTS, CONTINUED

a)   Galore Creek Partnership

     In August 2007, we formed a 50/50 partnership with NovaGold Resources Inc.
     ("NovaGold") to develop the Galore Creek copper-gold  deposit in northwest
     British Columbia. In November 2007, construction activities at the project
     were  suspended  as a  result  of  our  review  of  the  first  season  of
     construction,  and a more  extensive  engineering  study that  anticipated
     substantially higher capital costs and a longer construction schedule.

     The  funding  agreement  was  amended  with  NovaGold  at the  time of the
     suspension  in November  2007.  Our funding  obligation  for project costs
     incurred  after August 1, 2007 was reduced from the original  $528 million
     to $403  million.  Of this total,  $264 million had been spent by us as of
     the  suspension  date.  In  addition,  of the next $100 million of project
     costs,  we were to fund  two-thirds  and  NovaGold  would fund  one-third.
     Thereafter,  each  partner  would fund its pro rata  share of  partnership
     costs.  In addition,  we were committed to spend an additional $72 million
     on studies to reassess the Galore Creek Project by December 31, 2012.

     During the fourth  quarter of 2008 the  optimization  study for the Galore
     Creek project was  completed.  Due to the present  economic  situation the
     decision was made not to proceed with updating the final feasibility based
     upon the results of the  optimization  study,  but rather place the Galore
     Creek  site  on  care  and  maintenance.  During  2008  the  Galore  Creek
     Partnership incurred $15 million of care and maintenance costs, which were
     expensed as incurred.

     In February 2009, we further amended certain provisions of the partnership
     agreement  relating  to  the  Galore  Creek  project.  Under  the  amended
     agreement, our committed funding on Galore Creek has been reduced from $72
     million  to $60  million  including  $15.8  million  contributed  by us on
     account of studies prior to December 31, 2008 and $8.6 million contributed
     by us on account of the November and  December  2008 cash calls.  While we
     are making these  committed  contributions,  which will  represent 100% of
     project  funding,  we  will  have  a  casting  vote  on the  Galore  Creek
     management  committee with respect to the timing and nature of expenses to
     be funded.

     The Galore  Creek  partnership  is a  variable  interest  entity  ("VIE").
     NovaGold is  determined  to be the  primary  beneficiary.  Accordingly  we
     account for our interest in the  partnership  using the equity method.  In
     2008,  we  recorded  equity  earnings  of  $18  million,  which  primarily
     represents a recovery of previously accrued costs.

b)   Fort Hills Energy Limited Partnership

     In  November  2005,  we acquired a 15%  interest in the Fort Hills  Energy
     Limited Partnership,  which is developing the Fort Hills oil sands project
     in Alberta,  Canada. As consideration for our initial 15% interest, we are
     required  to  contribute   34%  of  the  first  $2.5  billion  of  project
     expenditures.  In September  2007,  we acquired an additional 5% interest,
     bringing our interest to 20%. To earn our  additional 5% interest,  we are
     required  to  contribute  27.5%  of  project  expenditures  after  project
     spending  reaches $2.5 billion and before  project  spending  reaches $7.5
     billion.  Thereafter,  we are  responsible  for  funding  our 20% share of
     development costs. In the event that the project is abandoned, all limited
     partners  are  required  to make  additional  contributions  such that the
     aggregate  contributions  of all  partners  equal  $7.5  billion  and  any
     unexpended  amount will be distributed to the partners  according to their
     partnership  interest.  Project  spending  totalled  $1.9  billion  as  of
     December  31,  2008.  Our  interest in FHELP is recorded as an  investment
     using the equity method of accounting.  In November 2008,  FHELP announced
     that it will  defer  the  final  investment  decision  on the  mining  and
     extraction  portion  of the Fort  Hills  oil  sands  project  until a cost
     estimate   consistent   with  the  current  market   environment   can  be
     established.  The partnership now  anticipates  making a final  investment
     decision in 2009. The upgrader portion of the project, located in Sturgeon
     County,  has been put on hold and a decision  whether to proceed  with the
     upgrader  will be made at a later date. As a result of this  deferral,  we
     recorded an equity loss of $85 million  relating to costs  associated with
     the upgrader.

     We have  ongoing  commitments  to fund FHELP which we expect to total $330
     million in 2009 and $1,265 million thereafter.


- -------------------------------------------------------------------------------
20

<PAGE>

6.   INVESTMENTS, CONTINUED

c)   Equity earnings (loss) is as follows:

     ===========================================================================
     (Cdn$ in millions)                             2008       2007        2006
     ---------------------------------------------------------------------------

     Fording Canadian Coal Trust (Note 4(a))       $  89     $   28       $  32
     Galore Creek Partnership (a)                     18        (33)          -
     Fort Hills Energy Limited Partnership (b)       (85)         -           -
     ---------------------------------------------------------------------------
                                                   $  22     $   (5)      $  32
     ===========================================================================


7.   PROPERTY, PLANT AND EQUIPMENT

     ===========================================================================
     (Cdn$ in millions)                                        2008       2007
     ---------------------------------------------------------------------------
     OPERATING
        Mines and mining facilities                        $ 25,241     $ 9,013
        Accumulated depreciation and amortization            (3,502)     (2,695)
     ---------------------------------------------------------------------------
                                                             21,739       6,318
        Smelter and refineries                                1,818       1,778
        Accumulated depreciation and amortization              (764)       (717)
     ---------------------------------------------------------------------------
                                                              1,054       1,061
     OTHER RESOURCE PROPERTIES
        Mineral properties                                      768         132
        Oil sands leases                                        348         296
     ---------------------------------------------------------------------------
                                                           $ 23,909     $ 7,807
     ===========================================================================

     During 2008, we capitalized $90 million (2007 - $44 million) of waste rock
     stripping  costs  associated with mine expansion at Highland Valley Copper
     and as at December 31, 2008,  we have  cumulative  capitalized  waste rock
     stripping  costs  of $158  million  (2007  - $68  million),  all of  which
     represents the capitalized  expansion costs at Highland Valley Copper.  In
     addition,   we  have  $35  million  (2007  -  $41  million)  of  remaining
     unamortized  capitalized  stripping  costs  related  to  the  transitional
     balance on adoption of EIC-160 in 2006.


- -------------------------------------------------------------------------------
                                                                             21

<PAGE>

8.   OTHER ASSETS

     ===========================================================================
     (Cdn$ in millions)                                        2008       2007
     ---------------------------------------------------------------------------
     Future  income and  resource  tax assets (net of current
         portion of $nil (2007 - $3 million))(Note 13(c))    $  357     $    70
     Pension assets (Note 12(b))                                241         210
     Long-term receivables                                      120          51
     Long-term deposits                                          25          20
     Derivative assets (net of current portion of
        $174 million (2007 - $nil)) (Note 21(c))                 21           -
     Cajamarquilla contingent receivable (net of
       current portion of $17 million (2007 -
       $37 million))(Note 21(b))                                  3          42
     Restricted cash pledged as security (Note 11(c))             -         151
     Other                                                       86          48
     ---------------------------------------------------------------------------
                                                             $  853      $  592
     ===========================================================================

9.   GOODWILL

     ===========================================================================
     (Cdn$ in millions)
     ---------------------------------------------------------------------------
     Balance at beginning of year                                      $    663
     Finalization of Aur purchase price (Note 4(d))                          44
     Foreign exchange translation                                           171
     Impairment (Note 16(b))                                               (345)
     ---------------------------------------------------------------------------
                                                                            533
     Fording - previously equity accounted (Note 4(a))                      308
     Fording - arising in current year acquisition (Note 4(a))              883
     ---------------------------------------------------------------------------
     Balance at end of year                                              $1,724
     ===========================================================================


10.  ACCOUNTS PAYABLE AND ACCRUED LIABILITIEs

     ===========================================================================
     (Cdn$ in millions)                                        2008        2007
     ---------------------------------------------------------------------------
     Trade payables                                            $670        $506
     Current derivative liabilities                             252          21
     Payroll related liabilities                                176          93
     Capital project accruals                                    82          25
     Commercial and government royalties                         78         251
     Resource taxes payable                                      69           -
     Accrued interest                                            68          22
     Current portion of asset retirement obligations
     (Note 12(a))                                                16          28
     Dividends payable                                            -         221
     Other                                                       95          71
     ---------------------------------------------------------------------------
                                                            $ 1,506     $ 1,238
     ===========================================================================



- -------------------------------------------------------------------------------
22
<PAGE>

11.  DEBT

<TABLE>
<CAPTION>
     ==================================================================================================================
     (Cdn$ in millions)                                                         2008                        2007
     ------------------------------------------------------------------------------------------------------------------
                                                                      Carrying           Fair     Carrying        Fair
                                                                         value          value        value       value
     ------------------------------------------------------------------------------------------------------------------
<S>                                                                   <C>           <C>          <C>           <C>
     Bridge facility (US$ 5.35 billion) (a)                           $  6,436      $   6,378    $       -     $      -
     Term facility (US$4.0 billion) (a)                                  4,794          4,714            -            -
     6.125% debentures due October 2035 (US$700 million) (b)               835            408          675          637
     5.375% debentures due October 2015 (US$300 million) (b)               363            194          293          287
     7.0% debentures due September 2012 (US$200 million) (b)               242            164          196          212
     6.75% debentures due March 2010 (US$94 million) (c)                     -              -           94           96
     Revolving credit facility (c)                                           -              -          148          148
     Antamina senior revolving credit facility due August 2012 (d)         113            113           92           92
     Other                                                                  91             91           25           25
     ------------------------------------------------------------------------------------------------------------------
                                                                        12,874         12,062        1,523        1,497
     Less short-term debt and current portion of long-term debt         (7,772)        (7,700)         (31)         (31)
     ------------------------------------------------------------------------------------------------------------------
                                                                      $  5,102      $   4,362    $   1,492     $  1,466
     ==================================================================================================================
</TABLE>

     The fair values of debt are determined using market values where available
     and discounted cash flows based on our expected cost of borrowing on other
     items.

a)   The bridge  facility  and the term  facility are  unsecured  and rank pari
     passu with our other senior  unsecured debt. The bridge facility is due on
     October 29, 2009 and the term facility is repayable in 11 equal  quarterly
     instalments  commencing  April 30, 2009. Both facilities are guaranteed by
     our wholly owned  subsidiary,  TCML and bear  interest at LIBOR,  US Prime
     Rate or US Base  Rate,  plus a margin  that  varies  based  on our  credit
     rating.

b)   The 6.125%,  5.375% and 7.0% debentures are unsecured and can be called at
     any time by repaying  the  greater of the  principal  amount plus  accrued
     interest  and the present  value of the  principal  and  interest  amounts
     discounted at a comparable treasury yield plus a stipulated spread.

c)   Upon our  acquisition  of Aur in 2007,  we  assumed  $94  million of 6.75%
     debentures due in March 2010 and a revolving  credit  facility  permitting
     borrowings  of up to US$150  million.  The terms of the  revolving  credit
     facility  required a subsidiary  to provide cash  collateral to the lender
     equal to any amount outstanding under the facility plus US$3 million.  The
     outstanding amounts under both facilities were repaid in 2008 and the cash
     collateral  held  as  security  for  the  revolving  credit  facility  was
     released.

d)   The Antamina senior revolving credit facility is our  proportionate  share
     of a  syndicated  five-year  revolving  term bank  facility  with a bullet
     repayment  due at  maturity  and  is the  obligation  of  Compania  Minera
     Antamina (Note 3(a)).  The facility is  non-recourse to Teck and the other
     Antamina  project  sponsors and may be renewed and extended  annually with
     the concurrence of the participating  banks. The outstanding  amount under
     the facility bears interest at LIBOR plus a margin.

e)   At December 31, 2008, we had revolving credit facilities  aggregating $1.3
     billion,  of which  $1.2  billion is  available  until  2013.  Net of $191
     million of letters of credit the unused  portion of the credit  facilities
     is $1,120  million as at December  31, 2008.  In addition,  we have issued
     stand alone letters of credit for $258 million in respect of environmental
     bonding requirements.

f)   Our bank credit  facilities  require the  maintenance of a defined debt to
     capitalization  ratio  (Note  22).  As at  December  31,  2008,  we are in
     compliance with all debt covenants and default provisions.


- -------------------------------------------------------------------------------
                                                                             23
<PAGE>

11.  DEBT, CONTINUED

g)   Excluding  financing  fees  and  discounts,  we have  scheduled  principal
     repayments on our debt of $7,845  million due in 2009,  $1,772  million in
     2010, $1,776 million in 2011, $357 million in 2012, nil in 2013 and $1,218
     million thereafter.

h)   We incurred  interest  expense and financing  fees on short-term  debt and
     long-term debt as follows:

     ===========================================================================
     (Cdn$ in millions)                             2008        2007       2006
     ---------------------------------------------------------------------------

     Interest expense on short-term debt         $    58     $     -    $     -
     Interest expense on long-term debt              118          95        102
     ---------------------------------------------------------------------------
     Total interest expense                          176          95        102
     Amortization of financing fees                   20           -          -
     Less amounts capitalized                        (14)        (10)        (5)
     ---------------------------------------------------------------------------
                                                 $   182     $    85    $    97
     ===========================================================================

i)   Debt payments made during the year:

     ===========================================================================
     (Cdn$ in millions)                              2008       2007       2006
     ---------------------------------------------------------------------------

     Bridge facility                             $   573     $     -    $     -
     Fording revolving bank credit facility          307           -          -
     6.75% debentures                                 98           -          -
     Revolving credit facility                       183           -        141
     6.875% debentures                                 -           -        172
     Teck Coal facility                               67           -         20
     ---------------------------------------------------------------------------
                                                 $ 1,228     $     -    $   333
     ===========================================================================


12.  OTHER LIABILITIES

     ===========================================================================
     (Cdn$ in millions)                                         2008       2007
     ---------------------------------------------------------------------------
     Asset retirement obligations (a)                        $   653    $   492
     Other environmental and post-closure costs                  108         88
     Pension and other employee future benefits (b)
           Defined benefit pension plans                          51         35
           Non-pension post-retirement benefits                  254        209
     Long-term contractual obligations                            76          -
     Derivative liabilities (net of current portion of
       $252 million (2007 - $37 million)) (Note 21(c))             -         78
     Other                                                        42         92
     ---------------------------------------------------------------------------
                                                             $ 1,184    $   994
     ===========================================================================

a)   Asset Retirement Obligations

     We have recorded an asset retirement  obligation for each of our operating
     mines and closed  properties.  Our Trail refining and smelting  facilities
     are  considered to be indefinite  life  operations and neither the amounts
     that may be required to retire these facilities nor the timing of required
     expenditures  can be  reasonably  estimated  at this  time.  For the Trail
     operation, our recorded liability is limited to components of the facility
     where costs and  expected  dates of existing  retirement  and  remediation
     requirements can be estimated.


- -------------------------------------------------------------------------------
24
<PAGE>

12.  OTHER LIABILITIES, CONTINUED

     The  following  table  summarizes  the  movements in the asset  retirement
     obligation for the years ended December 31, 2008 and 2007:

     ===========================================================================
     (Cdn$ in millions)                                         2008       2007
     ---------------------------------------------------------------------------
     At January 1                                             $  520      $ 449
     Changes in cash flow estimates
          Operating mines                                         (1)        42
          Closed properties                                       17         22
     Expenditures and settlements                                (25)       (20)
     Accretion expense                                            34         26
     Obligations assumed on acquisition  (Note 4(a) and (d))      76         36
     Foreign currency translation adjustments                     48        (35)
     ---------------------------------------------------------------------------
     At December 31                                              669        520
     Less current portion                                        (16)       (28)
     ---------------------------------------------------------------------------
                                                              $  653      $ 492
     ===========================================================================

     Asset retirement obligations are initially recorded as a liability at fair
     value, assuming credit adjusted risk-free discount rates between 5.75% and
     16.50%, and inflation factors between 2.00% and 2.75%. The liability on an
     undiscounted  basis before  inflation  is  estimated  to be  approximately
     $1,833 million.

     The  change  in cash  flow  estimates  and  accretion  relating  to  asset
     retirement obligations at closed properties are recognized in other income
     (expense) (Note 17).

     Our operations are affected by federal,  provincial,  state and local laws
     and regulations concerning environmental protection. Provisions for future
     reclamation and site  restoration are based on known  requirements.  It is
     not  possible  to estimate  the effect on  operating  results,  if any, of
     future legislative or regulatory developments.

b)   Pension and Other Employee Future Benefits

     DEFINED CONTRIBUTION PLANS

     We  have  defined   contribution  pension  plans  for  certain  groups  of
     employees.  Our share of  contributions  to these plans is expensed in the
     year it is earned by the employee.

     DEFINED BENEFIT PLANS AND NON-PENSION POST-RETIREMENT BENEFITS

     We have various defined benefit pension plans that provide  benefits based
     principally on employees' years of service. These plans are only available
     to  certain  qualifying   employees.   The  plans  are  "flat-benefit"  or
     "final-pay"  plans which are not indexed.  Annual  contributions  to these
     plans are  actuarially  determined  and made at or in  excess  of  minimum
     requirements prescribed by legislation.

     All of our defined  benefit  pension plans are  actuarially  evaluated for
     funding purposes on a three-year  cycle. The most significant  plan, which
     accounts for 49% of our accrued  benefit  obligation at December 31, 2008,
     was last actuarially  evaluated on December 31, 2007. The measurement date
     used to determine all of the accrued  benefit  obligation  and plan assets
     for  accounting  information  was December 31, 2008.  We also have several
     post-retirement  plans,  which  provide  post-retirement  medical and life
     insurance benefits to certain qualifying employees.


- -------------------------------------------------------------------------------
                                                                             25

<PAGE>

12.  OTHER LIABILITIES, CONTINUED

     i.   Actuarial Valuation of Plans:

<TABLE>
<CAPTION>

     ===============================================================================================================================
     (Cdn$ in millions)                                                     2008                              2007
     -------------------------------------------------------------------------------------------------------------------------------
                                                                   Defined       Non-pension          Defined      Non-pension
                                                                   benefit             post-          benefit            post-
                                                                   pension        retirement          pension       retirement
                                                                     plans     benefit plans            plans    benefit plans
     -------------------------------------------------------------------------------------------------------------------------------
     <S>                                                         <C>               <C>               <C>              <C>
     Accrued benefit obligation
          Balance at beginning of year                            $  1,260           $   272         $  1,270         $    316
          Current service cost                                          26                 8               25                6
          Benefits paid                                                (85)              (10)             (77)              (8)
          Interest cost                                                 69                15               63               16
          Actuarial revaluation                                         11                (3)              (2)             (46)
          Past service costs arising from plan improvements             33                 -                7                -
          Foreign currency exchange rate changes                        18                 8              (13)              (7)
          Changes in methodology and assumptions                         9                 6                4                3
          Assumed on acquisitions                                      140                17               14                -
          Effect of new discount rate at year end                     (257)              (65)             (36)              (9)
          Other                                                          -                 -                5                1
     ------------------------------------------------------------------------------------------------------------------------------
          Balance at end of year                                     1,224               248            1,260              272

     Plan assets
          Fair value at beginning of year                            1,257                 -            1,275                -
          Actual return on plan assets                                (153)                -               21                -
          Benefits paid                                                (85)              (10)             (77)              (8)
          Foreign currency exchange rate changes                        15                 -              (10)               -
          Contributions                                                 48                10               32                8
          Assumed on acquisitions                                      131                 -               17                -
          Other                                                          -                 -               (1)               -
     ------------------------------------------------------------------------------------------------------------------------------
          Fair value at end of year                                  1,213                 -            1,257                -
     ------------------------------------------------------------------------------------------------------------------------------


     Funding surplus (deficit)                                         (11)             (248)              (3)            (272)

     Unamortized actuarial costs                                       108               (28)             110               33
     Unamortized past service costs                                     93                22               68               30
     ------------------------------------------------------------------------------------------------------------------------------
     Net accrued benefit asset (liability)                        $    190         $    (254)        $    175         $   (209)
     ------------------------------------------------------------------------------------------------------------------------------

     Represented by
          Pension assets (Note 8)                                 $    241         $       -              210         $      -
          Accrued benefit liability (a)                                (51)             (254)             (35)            (209)
     ------------------------------------------------------------------------------------------------------------------------------

     Net accrued benefit asset (liability)                        $    190         $    (254)        $    175         $   (209)
     ==============================================================================================================================
</TABLE>

- -------------------------------------------------------------------------------
26
<PAGE>

12.  OTHER LIABILITIES, CONTINUED

     ii.  Funded Status

     The funded status of our defined benefit pension plans is as follows:

<TABLE>
<CAPTION>

     ===============================================================================================================================
     (Cdn$ in millions)                                       2008                                       2007
     -------------------------------------------------------------------------------------------------------------------------------
                                               Plans where     Plans where                 Plans where     Plans where
                                                   assets          benefit                      assets          benefit
                                                   exceed      obligations                      exceed      obligations
                                                   benefit          exceed                     benefit           exceed
                                               obligations          assets        Total    obligations           assets      Total
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                              <C>               <C>          <C>              <C>        <C>           <C>
     Plan assets                                 $    746          $   467      $ 1,213     $    1,007      $     250     $   1,257
     Benefit obligations                             (658)            (566)      (1,224)          (928)          (332)       (1,260)
     -------------------------------------------------------------------------------------------------------------------------------
     Excess (deficit) of plan assets
        over benefit obligations                 $     88          $   (99)     $   (11)     $      79      $     (82)    $      (3)
     ===============================================================================================================================
</TABLE>

     Our total cash payments for pension and other employee future benefits for
     2008,   including  cash   contributed  to  defined   benefit  and  defined
     contribution   pension   plans  and  cash   payments   made   directly  to
     beneficiaries,  were  $71  million  (2007 - $52  million).  We  expect  to
     contribute  $78 million to our defined  contribution  and defined  benefit
     pension plans in 2009 based on minimum funding requirements.

     The estimated  future  benefit  payments to  pensioners  for the next five
     years and the five years thereafter are as follows:

<TABLE>
<CAPTION>

     ===============================================================================================================================
     (Cdn$ in millions)                           2009           2010          2011          2012            2013       2014 - 2018
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                               <C>            <C>          <C>           <C>             <C>               <C>
                                                  $ 92           $ 97         $ 101         $ 107           $ 114             $ 665
     ===============================================================================================================================
</TABLE>


- -------------------------------------------------------------------------------
                                                                             27
<PAGE>

12.  OTHER LIABILITIES, CONTINUED

     iii. Significant Assumptions

     The  assumptions  used to  calculate  annual  expenses  are those  used to
     calculate the accrued benefit  obligation at the end of the previous year.
     Weighted  average  assumptions  used  to  calculate  the  accrued  benefit
     obligation at the end of each year are as follows:

<TABLE>
<CAPTION>

     ===============================================================================================================================
                                                     2008                          2007                           2006
     -------------------------------------------------------------------------------------------------------------------------------
                                                          Non-pension                   Non-pension                     Non-pension
                                             Defined            post-        Defined          post-          Defined          post-
                                             benefit       retirement        benefit     retirement          benefit     retirement
                                             pension          benefit        pension        benefit          pension        benefit
                                               plans            plans          plans          plans            plans          plans
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                            <C>              <C>            <C>            <C>              <C>            <C>
     Discount rate                             7.22%            7.09%          5.27%          5.36%            5.02%          5.13%
     Assumed long-term
        rate of return on assets                  7%               -              7%             -                7%             -
     Rate of increase in
        future compensation                       4%               4%             4%             4%               4%             4%
     Initial medical trend rate                    -               8%             -              9%                -            10%
     Ultimate medical trend rate                   -               5%             -              5%                -             5%
     Years to reach ultimate

        medical trend rate                         -               7              -              4                 -             5
     Dental trend rates                            -               5%             -              5%                -             5%
     ===============================================================================================================================
</TABLE>

     The expected long-term rate of return on plan assets is developed based on
     the historical and projected  returns for each asset class, as well as the
     target asset  allocation  for the pension  portfolio.  Projected  rates of
     return for fixed income  securities  and equities  are  developed  using a
     model that factors in  long-term  government  debt rates,  real bond yield
     trend, inflation and equity premiums, based on a combination of historical
     experience and future long-term expectations.

     The discount  rate used to determine  the accrued  benefit  obligation  is
     determined by reference to the market  interest rates of high quality debt
     instruments at the measurement date.


- -------------------------------------------------------------------------------
28

<PAGE>

12.  OTHER LIABILITIES, CONTINUED

     iv. Employee Future Benefits Expense:

<TABLE>
<CAPTION>

     ===============================================================================================================================
     (Cdn$ in millions)                              2008                          2007                           2006
     -------------------------------------------------------------------------------------------------------------------------------
                                                          Non-pension                   Non-pension                     Non-pension
                                            Defined             post-       Defined           post-         Defined           post-
                                            benefit        retirement       benefit      retirement         benefit      retirement
                                            pension           benefit       pension         benefit         pension         benefit
                                              plans             plans         plans           plans           plans           plans
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                         <C>               <C>           <C>             <C>             <C>             <C>
     Current service cost                   $    26           $     8        $   25         $     6         $    25          $    5
     Interest cost                               69                15            63              16              62              15

     Expected gain on assets                    (87)                -           (86)              -             (77)              -
     Actuarial loss recognized                    7                 3             3               7              10               7
     Past service cost recognized                17                 6            14               6               9               1
     Other                                        -                 -             7               -               3               -
     -------------------------------------------------------------------------------------------------------------------------------
                                            $    32           $    32        $   26         $    35         $    32          $   28
     ===============================================================================================================================
</TABLE>

     The defined  contribution  expense  for 2008 was $12  million  (2007 - $11
     million; 2006 - $8 million).

     Certain  employee future benefit costs incurred in the year and the actual
     return on plan  assets in  excess of or short of the  actuarially  assumed
     return are not taken into  income in the year but are  amortized  over the
     expected  average  remaining  service life of employees.  Employee  future
     benefit expenses  recognized in the year are reconciled to employee future
     benefit costs incurred as follows:

<TABLE>
<CAPTION>

     ===============================================================================================================================
     (Cdn$ in millions)                             2008                           2007                           2006
     -------------------------------------------------------------------------------------------------------------------------------
                                                          Non-pension                   Non-pension                     Non-pension
                                             Defined            post-        Defined          post-          Defined          post-
                                             benefit       retirement        benefit     retirement          benefit     retirement
                                             pension          benefit        pension        benefit          pension        benefit
                                               plans            plans          plans          plans            plans          plans
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                              <C>             <C>          <C>            <C>              <C>              <C>
     Expense recognized                          $32             $ 32         $ 26           $ 35             $32              $ 28
     Difference between
        expected and actual
        return on plan assets                    240                -           66              -             (66)                -
     Difference between
        actuarial losses (gains)
        amortized and actuarial
        losses (gains) arising                  (264)             (59)         (36)           (59)              1                 1
     Difference between past
        service costs amortized
        and past service costs
        arising                                   16               (6)          (7)            (6)             34                21
     Other                                         -                -           (4)             -              (3)                -
     -------------------------------------------------------------------------------------------------------------------------------
                                               $  24            $ (33)        $ 45           $(30)            $(2)             $ 50

     ===============================================================================================================================
</TABLE>


- -------------------------------------------------------------------------------
                                                                             29
<PAGE>

12.  OTHER LIABILITIES, CONTINUED

     v.   Health Care Sensitivity

     A one  percent  change in the  initial and  ultimate  medical  trend rates
     assumptions would have the following effect on our post-retirement  health
     care obligations and expense:

     ===========================================================================
                                    Increase (decrease)
                                      in service and       Increase (decrease)
      (Cdn$ in millions)               interest cost          in obligation
     ---------------------------------------------------------------------------
      Effect of 1% increase in
        medical trend rate                 $  3                    $  29
      Effect of 1% decrease in
        medical trend rate                   (3)                     (24)
     ===========================================================================

     vi.  Investment of Plan Assets

     The assets of our  defined  benefit  pension  plans are managed by pension
     asset  fund  managers  under the  oversight  of the Teck  Cominco  Limited
     Executive Pension committee.

     Our pension plan  investment  strategies  support the  objectives  of each
     defined benefit plan and are related to the plan  demographics  and timing
     of expected benefit  payments to plan members.  The objective for the plan
     asset portfolios is to achieve an annual portfolio return over a four-year
     period  equal to at least the  annual  percentage  change in the  Consumer
     Price  Index  plus 4%.  To  achieve  this  objective,  a  strategic  asset
     allocation  policy has been  developed for each defined  benefit plan. The
     asset allocation is monitored  quarterly and rebalanced if the funds in an
     asset  class  exceed  their  allowable  allocation  ranges.  We review the
     investment  guidelines  for each plan at least  annually and the portfolio
     and investment managers' performance is monitored quarterly.

     The composition of the defined benefit pension plan assets at December 31,
     2008 and 2007, and the target composition for 2009 are as follows:

     ===========================================================================
                                 2009 TARGET       2008 ACTUAL      2007 ACTUAL
     ---------------------------------------------------------------------------
     Equity securities                   50%               43%              55%
     Debt securities                     40%               44%              36%
     Real estate and other               10%               13%               9%
     ---------------------------------------------------------------------------
                                        100%              100%             100%
     ===========================================================================


- -------------------------------------------------------------------------------
30

<PAGE>

13.  INCOME AND RESOURCE TAXES

a)   Provision for Income and Resource Taxes from Continuing Operations:

     ===========================================================================
     (Cdn$ in millions)                           2008          2007       2006

     ---------------------------------------------------------------------------

     Current
            Canadian income tax                $(1,235)       $  388    $ $ 483
            Foreign income and resource tax        220           398        499
            Canadian resource tax                  185           106        172
     ---------------------------------------------------------------------------
                                                  (830)          892      1,154
     Future
            Canadian income tax                  1,483          (101)        34
            Foreign income and resource tax        (25)          (12)        19
            Canadian resource tax                   30            16          6
     ---------------------------------------------------------------------------
                                                 1,488           (97)        59
     ---------------------------------------------------------------------------
                                               $   658        $  795    $ 1,213
     ===========================================================================

b)   Reconciliation  of income and resource  taxes  calculated at the statutory
     rates to the actual tax provision:

     ===========================================================================
     (Cdn$ in millions)                           2008          2007       2006
     ---------------------------------------------------------------------------
     Tax expense at the statutory income tax
       rate of 31.2%                             $ 435        $  857    $ 1,244
       (2007 - 34.1%; 2006 - 34.6%)

     Tax effect of
           Resource taxes, net of resource and
             depletion allowances                  130           (18)        (7)
           Non-temporary differences, including
             one-half of capital gains and
             losses and goodwill impairment        185           (19)       (41)
           Benefit of current tax losses not
             recognized (recognition of
             previously unrecognized losses)        (2)           21         14
           Benefit of tax rate reduction           (38)          (81)       (21)
           Difference in tax rates in foreign
             jurisdictions                          (4)          (13)        32
           Other                                   (48)           48         (8)
     ---------------------------------------------------------------------------
                                                 $ 658        $  795    $ 1,213
     ===========================================================================


- -------------------------------------------------------------------------------
                                                                             31
<PAGE>

13.  INCOME AND RESOURCE TAXES, CONTINUED

c)   Temporary differences giving rise to future income and resource tax assets
     and liabilities:

     ===========================================================================
      (Cdn$ in millions)                                      2008         2007
     ---------------------------------------------------------------------------
     Future income and resource tax assets
           Net operating loss carry forwards               $   310      $   111
           Property, plant and equipment                       459          (98)
           Asset retirement obligations                         49           57
           Amounts relating to partnership year ends          (347)           -
           Other                                                14           80
           Valuation allowance                                (128)         (77)
     ---------------------------------------------------------------------------
                                                           $   357      $    73

     Future income and resource tax liabilities
           Property, plant and equipment                   $ 5,051      $ 1,895
           Asset retirement obligations                       (170)        (132)
           Amounts relating to partnership year ends            94          305
           Other                                               (10)         (61)
     ---------------------------------------------------------------------------
                                                           $ 4,965      $ 2,007
     ===========================================================================

d)   Earnings by Jurisdiction

     Our earnings before income and resource taxes,  non-controlling  interests
     and equity earnings (losses) from continuing  operations are earned in the
     following tax jurisdictions:

     ===========================================================================
     (Cdn$ in millions)                        2008           2007         2006
     ---------------------------------------------------------------------------
     Canada                                 $ 1,192        $ 1,181      $ 1,404
     Foreign                                    203          1,327        2,191
     ---------------------------------------------------------------------------
                                            $ 1,395        $ 2,508      $ 3,595
     ===========================================================================

e)   Non-Resident Subsidiaries

     We have non-resident  subsidiaries that have undistributed  earnings.  For
     certain non-resident subsidiaries, undistributed earnings are not expected
     to be repatriated in the foreseeable future and therefore,  taxes have not
     been provided.

f)   Loss Carry Forwards

     At  December  31,  2008,  we had $579  million  of  Canadian  federal  net
     operating loss carry forwards. These loss carry forwards expire at various
     dates  between 2010 and 2028.  At December 31, 2008,  we had United States
     federal net  operating  loss carry  forwards  of $95 million  (2007 - $103
     million).  These loss carry forwards  expire at various dates between 2009
     and 2027.


- -------------------------------------------------------------------------------
32

<PAGE>

13.  INCOME AND RESOURCE TAXES, CONTINUED

g)   Valuation Allowance

     We  have  provided  a  valuation  allowance  of $128  million  (2007 - $77
     million)  relating  to tax  assets  in  jurisdictions  that  do  not  have
     established sources of taxable income.

h)   Taxation Assessments

     In the normal  course of  business,  we are  subject to audit by  taxation
     authorities. These audits may alter the timing or amount of taxable income
     or deductions.  The amount ultimately reassessed upon resolution of issues
     raised may differ from the amounts accrued.

     For our primary Canadian  entities,  audits by various  Canadian  taxation
     authorities for years after 2002 have not been completed.  For US federal,
     state and local tax  purposes,  our  principal  US entities are subject to
     examination by US tax  authorities  for the years 1991 to the present.  We
     are subject to audit by Peruvian  taxation  authorities for the years 2006
     to the present. For Chilean tax purposes, we are subject to examination by
     tax authorities for years 2006 to the present.


14.  NON-CONTROLLING INTERESTS

     ===========================================================================
      (Cdn$ in millions)                                    2008           2007
      --------------------------------------------------------------------------
      Highland Valley Copper (3%)                         $   10           $ 56
      Carmen de Andacollo (10%)                               34             21
      Quebrada Blanca (23.5%)                                 41             10
      Elkview Mine Partnership (5%)                           19              5
      --------------------------------------------------------------------------
                                                          $  104           $ 92
     ===========================================================================

15.  SHAREHOLDERS' EQUITY

a)   Authorized Share Capital

     Our authorized  share capital  consists of an unlimited  number of Class A
     common  shares  without  par  value,  an  unlimited   number  of  Class  B
     subordinate  voting  shares  without par value and an unlimited  number of
     preferred shares without par value issuable in series.

     Class A common  shares  carry the right to 100  votes per  share.  Class B
     subordinate  voting  shares  carry the right to one vote per  share.  Each
     Class A common share is convertible, at the option of the holder, into one
     Class B  subordinate  voting  share.  In all other  respects,  the Class A
     common shares and Class B subordinate voting shares rank equally.

     The attributes of the Class B subordinate  voting shares contain so called
     "coattail  provisions," which provide that, in the event that an offer (an
     "Exclusionary Offer") to purchase Class A common shares, which is required
     to be  made to all or  substantially  all  holders  thereof,  is not  made
     concurrently  with an offer to purchase Class B subordinate  voting shares
     on identical  terms,  then each Class B  subordinate  voting share will be
     convertible into one Class A common share.


- -------------------------------------------------------------------------------
                                                                             33
<PAGE>

15.  SHAREHOLDERS' EQUITY, CONTINUED

     The Class B subordinate voting shares will not be convertible in the event
     that an Exclusionary Offer is not accepted by holders of a majority of the
     Class A common  shares  (excluding  those shares held by the person making
     the  Exclusionary  Offer).  If an offer to purchase  Class A common shares
     does not, under applicable  securities  legislation or the requirements of
     any stock exchange having  jurisdiction,  constitute a "take-over bid," or
     is otherwise exempt from any requirement that such offer be made to all or
     substantively  all  holders  of  Class  A  common  shares,   the  coattail
     provisions do not apply.

b)   Class A Common Shares and Class B Subordinate Voting Shares:

<TABLE>
<CAPTION>

     ===============================================================================================================================
                                                                                               Class A         Class B subordinate
     Shares (in 000's)                                                                   common shares               voting shares
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                            <C>                       <C>
     At December 31, 2005                                                                        4,674                     199,127
     Options exercised (e)                                                                           -                         907
     Issued in settlement of exchangeable debentures due 2024 (d)                                    -                      11,489
     -------------------------------------------------------------------------------------------------------------------------------
     At December 31, 2006                                                                        4,674                     211,523
     Share split (c)                                                                             4,674                     211,523
     Issued on acquisition of Aur (Note 4(d))                                                        -                      21,972
     Options exercised (e)                                                                           -                       1,373
     Share repurchase program (j)                                                                    -                     (13,100)
     Other                                                                                           5                           7
     -------------------------------------------------------------------------------------------------------------------------------
     At December 31, 2007                                                                        9,353                     433,298
     Issued for business acquisitions (Note 4(a))                                                    -                      36,829
     Issued for asset acquisition (Note 4(b))                                                        -                       6,918
     Options exercised (e)                                                                           -                         578
     Other                                                                                           -                        (111)
     -------------------------------------------------------------------------------------------------------------------------------
     At December 31, 2008                                                                        9,353                     477,512
     ===============================================================================================================================
</TABLE>

c)   Share Split

     On April 25, 2007,  shareholders approved a two-for-one share split of our
     Class A common shares and Class B subordinate  voting shares  effective as
     of the close of  business  on May 7,  2007.  All share,  per share,  share
     option and DSU and RSU information included in the consolidated  financial
     statements and  accompanying  notes (other than information in Note 15(b))
     for the period prior to the share spilt has been  adjusted to reflect this
     share split for all periods presented.

d)   Exchangeable Debentures Due 2024

     On June 1, 2006, we completed a series of transactions  culminating in the
     redemption of our exchangeable debentures issued in 1999. In the course of
     these  transactions,  all  outstanding  debentures  were  exchanged and we
     issued 11.5 million Class B subordinate  voting  shares.  By virtue of our
     option to deliver a fixed number of Class B  subordinate  voting shares to
     satisfy the  principal  payments,  the  debentures  net of issue costs and
     taxes were  classified  as a  component  of  shareholders'  equity and the
     interest,  net of taxes, was charged directly to retained  earnings.  This
     interest,  net of taxes,  totalled $3 million in 2006.The  exchange  was a
     non-monetary  transaction and did not affect our cash flow or earnings. In
     2006,  current tax  benefits of $124  million on these  transactions  were
     recorded directly to shareholders' equity.


- -------------------------------------------------------------------------------
34
<PAGE>

15.  SHAREHOLDERS' EQUITY, CONTINUED

e)   Share Options

     Under our share option plan, 6 million Class B  subordinate  voting shares
     have been set aside for the grant of share options to full-time  employees
     and directors. The exercise price for each option is the closing price for
     our Class B  subordinate  voting shares on the last trading day before the
     date of grant. We issue new shares upon exercise of share options.

     During the year ended  December 31,  2008,  we granted  1,655,000  Class B
     subordinate voting share options at market price to employees. These share
     options have a weighted  average  exercise price of $34.43,  vest in equal
     amounts over three years and have a term of 8 years.

     The  weighted  average  fair  value of Class B  subordinate  voting  share
     options  granted in the year was  estimated at $10 per option (2007 - $16;
     2006 - $12) at the grant  date based on the  Black-Scholes  option-pricing
     model using the following assumptions:

     ===========================================================================
                                               2008          2007          2006
      --------------------------------------------------------------------------
      Dividend yield                          2.94%         0.95%         1.04%
      Risk free interest rate                 6.35%         5.15%         4.11%
      Expected life                       4.2 years     4.2 years     5.0 years
      Expected volatility                       31%           35%           35%
     ===========================================================================

      Outstanding share options:

<TABLE>
<CAPTION>

     ==========================================================================================================
                                                      2008                           2007
     ----------------------------------------------------------------------------------------------------------
                                                                   Weighted                           Weighted
                                                                    average                            average
                                                     Shares        exercise         Shares            exercise
                                                  (in 000's)          price      (in 000's)              price
     ----------------------------------------------------------------------------------------------------------
<S>                                                 <C>           <C>              <C>               <C>
      Outstanding at beginning of year                3,670       $   22.86          4,274            $  14.40
      Granted                                         1,655           34.43            839                3.74
      Exercised                                        (578)           9.39         (1,373)               9.44
      Forfeited                                        (215)          33.86            (70)              19.52
      Expired                                             -               -              -                   -
     ----------------------------------------------------------------------------------------------------------
      Outstanding at end of year                      4,532       $   28.28          3,670            $  22.86
     ----------------------------------------------------------------------------------------------------------
      Vested and exercisable at end of year           2,265       $   20.09          2,141            $  12.58
     ==========================================================================================================
</TABLE>


- -------------------------------------------------------------------------------
                                                                             35

<PAGE>

15.  SHAREHOLDERS' EQUITY, CONTINUED

     Information relating to share options outstanding at December 31, 2008:

<TABLE>
<CAPTION>

     ==============================================================================================================================
                                                                                                                   Weighted average
       Outstanding share    Vested share                                Weighted average     Weighted average     remaining life of
                 options         options                               exercise price on    exercise price on   outstanding options
               (in 000's)      (in 000's)        Price Range         outstanding options       vested options               (months)
     ------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>             <C>                      <C>                     <C>                   <C>
                     658             658    $ 4.48    -    $10.10                $  5.54               $ 5.54                     8
                     438             438    $10.11    -    $15.16                  12.55                12.55                    14
                     490             490    $15.17    -    $22.75                  22.64                22.64                    26
                   2,120             421    $22.76    -    $34.14                  33.73                33.20                    78
                     826             258    $34.15    -    $49.17                  44.07                43.74                    75
     ------------------------------------------------------------------------------------------------------------------------------
                   4,532           2,265                                         $ 28.28              $ 20.09                    55
     ==============================================================================================================================
</TABLE>

     The weighted average remaining life of vested options at December 31, 2008
     was 30 months.  The  intrinsic  value of a share option is the  difference
     between the current market price for our Class B subordinate  voting share
     and the exercise price of the option.  At December 31, 2008, the aggregate
     intrinsic value of vested and unvested options,  based on the December 31,
     2008 closing price of $6.02 for the Class B subordinate voting shares, was
     nominal for outstanding and vested options.

     Further information about our share options:

<TABLE>
<CAPTION>
     =============================================================================================================================
     (Cdn$ in millions)                                                                            2008         2007        2006
     -----------------------------------------------------------------------------------------------------------------------------
<S>                                                                                              <C>           <C>         <C>
     Total compensation cost recognized                                                          $   13        $  11       $   7
     Total fair value of share options vested                                                         9            8           5
     Total intrinsic value of share options exercised                                                19           46          54
     =============================================================================================================================
</TABLE>

     The  unrecognized  compensation  cost  for  non-vested  share  options  at
     December 31, 2008 was $9 million.  The weighted  average period over which
     it is expected to be recognized is 1.5 years.

f)   Deferred Share Units and Restricted Share Units

     Under our  Deferred  Share Unit ("DSU") or  Restricted  Share Unit ("RSU")
     plan,  directors and employees  may receive  either DSUs or RSUs,  each of
     which  entitle the holder to a cash  payment  equal to the market value of
     one Class B  subordinate  voting  share at the time they are  redeemed for
     employees.  These units vest  immediately  for  directors  and after three
     years for employees. Upon normal retirement the units vest immediately and
     when early  retirement  occurs,  units vest on a  pro-rata  basis.  Should
     employees be terminated  without  cause,  units vest on a pro-rata  basis.
     Should employees resign or be terminated with cause, units are forfeited.

     DSUs may only be  redeemed  within  twelve  months  from the date a holder
     ceases to be an employee  or  director  while RSUs must be redeemed at the
     end of a three-year  period measured from the end of the year  immediately
     preceding the grant.

     Additional  units are  issued  to  holders  of DSU's and RSU's to  reflect
     dividends paid on Class B subordinate  voting shares and other adjustments
     to Class B subordinate voting shares.

- -------------------------------------------------------------------------------
36
<PAGE>

15.  SHAREHOLDERS' EQUITY, CONTINUED

     At December 31, 2008,  1,101,200  DSUs and RSUs were  outstanding  (2007 -
     1,044,198).

     Non-vested DSU and RSU activity:

<TABLE>
<CAPTION>

     ===============================================================================================================================
                                                                                2008                                 2007
     -------------------------------------------------------------------------------------------------------------------------------
                                                                  DSUs and RSUs        Weighted                            Weighted
                                                                                        average               DSUs    average grant
                                                                                     grant date           and RSUs             date
                                                                      (in 000's)     fair value          (in 000's)      fair value
     ------------------------------------------------------------------------------------------------------------------------------
<S>                                                                   <C>            <C>                  <C>          <C>
     Non-vested at beginning of year                                        692        $  39.06                718          $ 29.36
     Granted                                                                495           35.66                359            42.98
     Forfeited                                                             (244)          38.33                (19)           26.00
     Vested                                                                (290)          35.28               (366)           24.58
     ------------------------------------------------------------------------------------------------------------------------------
     Non-vested at end of year                                              653        $  38.24                692          $ 39.06
     ==============================================================================================================================
</TABLE>

     Further information about our DSUs and RSUs:

<TABLE>
<CAPTION>

     ===============================================================================================================================
     (Cdn$ in millions, except weighted average)                                                   2008           2007         2006
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                             <C>            <C>          <C>
     Weighted average grant date fair value of the units granted                                $ 35.74        $ 44.02      $ 35.63
     Total fair value of units vested                                                                 4             13            8
     Total compensation cost recognized                                                             (19)            10           17
     Tax benefits realized                                                                            -              4            2
     Cash used to settle DSUs and RSUs                                                                1             12            6
     ===============================================================================================================================
</TABLE>

     The  unrecognized  compensation  cost  for  non-vested  DSUs  and  RSUs at
     December 31, 2008 was $14 million.  The weighted average period over which
     it is expected to be recognized is 1.7 years.



- -------------------------------------------------------------------------------
                                                                             37

<PAGE>

15.  SHAREHOLDERS' EQUITY, CONTINUED

g)   Accumulated Comprehensive Income:

<TABLE>
<CAPTION>

     ===============================================================================================================================
     (Cdn$ in millions)                                                                         2008           2007           2006
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                         <C>             <C>            <C>
     Accumulated other comprehensive loss - beginning of year                              $    (671)       $  (145)       $  (168)
     Adoption of new accounting standards                                                          -             50              -
     -------------------------------------------------------------------------------------------------------------------------------
                                                                                                (671)           (95)          (168)
     Other comprehensive income (loss) in the year
        Currency translation adjustment
           Unrealized gains (losses)                                                           1,260           (665)            20
           Foreign exchange differences on debt designated as a hedge of
              self-sustaining foreign subsidiaries                                              (257)            56              1
           Losses reclassified to net earnings on realization                                      -             59              2
     -------------------------------------------------------------------------------------------------------------------------------
                                                                                               1,003           (550)             23
        Available-for-sale instruments
           Unrealized losses (net of tax of $48 for 2008 and $9 for 2007)                       (298)           (47)             -
           Losses reclassified to net earnings (net of tax of $40 for 2008
              and $2 for 2007)                                                                   250              11             -
     -------------------------------------------------------------------------------------------------------------------------------
                                                                                                 (48)
                                                                                                                (36)             -
        Derivatives designated as cash flow hedges
           Unrealized losses (net of taxes of $47 for 2008 and nil for 2007)                     (72)             -              -
           Losses reclassified to net earnings on realization
              (net of tax of $33 for 2008 and $7 for 2007)                                        51             10              -
     -------------------------------------------------------------------------------------------------------------------------------
                                                                                                 (21)            10              -
     -------------------------------------------------------------------------------------------------------------------------------
     Total other comprehensive income (loss)                                                     934           (576)            23
     -------------------------------------------------------------------------------------------------------------------------------
     Accumulated other comprehensive income (loss) - end of year                                 263           (671)          (145)
     Retained earnings - end of year                                                           5,476          5,038          4,225
     -------------------------------------------------------------------------------------------------------------------------------
     Accumulated comprehensive income                                                      $   5,739        $ 4,367        $ 4,080
     ===============================================================================================================================
</TABLE>

     The components of accumulated other comprehensive income (loss) are:

<TABLE>
<CAPTION>

     ===============================================================================================================================
     (Cdn$ in millions)                                                                                        2008           2007
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                           <C>            <C>
     Currency translation adjustment                                                                          $ 308         $ (695)
     Unrealized gains (losses) on investments (net of tax of ($1) in 2008 and ($9) in 2007)                      (6)            42
     Unrealized losses on cash flow hedges (net of tax of $28 in 2008 and $14 in 2007)                          (39)           (18)
     -------------------------------------------------------------------------------------------------------------------------------
     Accumulated other comprehensive income (loss)                                                            $ 263         $ (671)
     ===============================================================================================================================
</TABLE>

- -------------------------------------------------------------------------------
38
<PAGE>

15.  SHAREHOLDERS' EQUITY, CONTINUED

h)   Earnings Per Share

     The following table reconciles our basic and diluted earnings per share:

<TABLE>
<CAPTION>
     ===============================================================================================================================
     (Cdn$ in millions, except per share data)                                                   2008          2007           2006
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                         <C>           <C>             <C>
     BASIC EARNINGS
           Earnings from continuing operations                                              $     677     $   1,661       $  2,395
           Less interest on exchangeable debentures, net of taxes                                   -             -             (3)
     -------------------------------------------------------------------------------------------------------------------------------
           Earnings from continuing operations, less interest on exchangeable
                debentures, net of taxes                                                          677         1,661          2,392
           Earnings (loss) from discontinued operations                                           (18)          (46)            36
     -------------------------------------------------------------------------------------------------------------------------------
     Net earnings available to common shareholders                                          $     659     $   1,615       $  2,428
     -------------------------------------------------------------------------------------------------------------------------------

     DILUTED EARNINGS
           Earnings from continuing operations                                              $    $677     $   1,661       $  2,395
           Earnings (loss) from discontinued operations                                           (18)          (46)            36
     -------------------------------------------------------------------------------------------------------------------------------

     Net diluted earnings available to common shareholders                                  $     659     $   1,615       $  2,431
     -------------------------------------------------------------------------------------------------------------------------------

     Weighted average shares outstanding (000's)                                              452,124       432,236        421,902
     Effect of dilutive securities
           Incremental shares from share options                                                1,119         2,229          3,318
           Shares issuable on conversion of exchangeable debentures                                 -             -          9,574
     -------------------------------------------------------------------------------------------------------------------------------

     Weighted average diluted shares outstanding                                              453,243       434,465        434,794
     -------------------------------------------------------------------------------------------------------------------------------

     Basic earnings per share                                                               $    1.46     $    3.74       $   5.77
     Basic earnings per share from continuing operations                                    $    1.50     $    3.85       $   5.68
     Diluted earnings per share                                                             $    1.45     $    3.72       $   5.60
     Diluted earnings per share from continuing operations                                  $    1.49     $    3.83       $   5.52
     ===============================================================================================================================
</TABLE>

     At December  31, 2008 there were  2,295,933  (2007 - 828,000,  2006 - nil)
     potentially  dilutive  shares  that have not been  included in the diluted
     earnings per share  calculation  for the periods  presented  because their
     effect is anti-dilutive.

- -------------------------------------------------------------------------------
                                                                             39
<PAGE>

15.  SHAREHOLDERS' EQUITY, CONTINUED

i)   Dividends

     Dividends  declared in 2008, 2007 and 2006 totalled $0.50 per share, $1.00
     per share,  and $1.00 per share  respectively.  Dividends paid on or after
     January 1, 2007 are  eligible  for the  enhanced  federal  and  provincial
     dividend tax credits.

j)   Share Purchase Program

     We have a share  purchase  program  that  allows us to  purchase  up to 40
     million of our outstanding  Class B subordinate  voting shares by way of a
     normal course issuer bid until March 10, 2009. Purchases, if any, are made
     at the prevailing market price of the Class B subordinate voting shares as
     traded  on the  Toronto  Stock  Exchange  and  any  shares  purchased  are
     cancelled.  We have not purchased  any Class B  subordinate  voting shares
     under this program during 2008.

     During 2007, we purchased  13.1 million Class B subordinate  voting shares
     at a cost of $577  million  pursuant  to a normal  course  issuer bid that
     expired on February 21, 2008.


16.  ASSET IMPAIRMENT CHARGES

     ===========================================================================
     (Cdn$ in millions)                                     2008    2007   2006
     ---------------------------------------------------------------------------
     Property, plant and equipment (a)                    $  179     $43     $-
     Goodwill (b) (Note 9)                                   345       -      -
     Exploration and development properties and other (c)     65      26      -
     ---------------------------------------------------------------------------
                                                          $  589     $69     $-
     ===========================================================================

a)   We review the carrying value of our property, plant and equipment whenever
     events or changes in  circumstances  indicate that the carrying amounts of
     the related assets or groups of assets may not be recoverable.  When we no
     longer  expect to recover  the full  carrying  value of a mine or property
     over its expected life, we write down its carrying value to its fair value
     based  on  internal  estimates  of  discounted  future  cash  flows or our
     estimate of its salvage values.

     During 2008, we recorded an impairment  charge of $116 million against our
     Duck Pond copper-zinc mine, an additional impairment charge of $51 million
     (2007 - $31  million)  against  our Pend  Oreille  zinc  mine and an asset
     impairment  charge of $12 million (2007 - $12 million) against our Lennard
     Shelf zinc mine in Western Australia.  These impairment charges were taken
     as a result of low  commodity  prices,  short  mine  lives  and  operating
     losses.  Lennard  Shelf was  closed in August  2008 and Pend  Oreille  was
     placed on care and maintenance in February 2009.

b)   The  carrying  value of goodwill is  reviewed at least  annually  and when
     impairment  indicators exist.  Asset valuations and impairment charges are
     based on management estimates and assumptions.

     During the fourth  quarter of 2008,  we evaluated  the carrying  amount of
     goodwill  assigned  to  reporting  units for  potential  impairment.  This
     assessment  involves estimating the fair value of each reporting unit that
     has been assigned goodwill.

- -------------------------------------------------------------------------------
40
<PAGE>

16.  ASSET IMPAIRMENT CHARGES, CONTINUED

     As a result of our goodwill impairment testing, we recorded total goodwill
     impairment charges of $345 million, representing impairment charges of $10
     million at our Duck Pond mine,  $149 million at our Quebrada Blanca copper
     mine and $186 million at our Carmen de Andacollo copper mine. The goodwill
     balance of $10 million for Duck Pond was written off primarily a result of
     lower  commodity  prices  and the short  remaining  life of the mine.  The
     goodwill  impairment  charges for Quebrada  Blanca and Carmen de Andacollo
     were due to  declines  in near  term  commodity  prices  and  unfavourable
     capital market  conditions that reduced the fair value of these operations
     at year end.  Also  contributing  to this was an increase in the estimated
     future  capital for  development  of the  hypogene  resource  for Quebrada
     Blanca.  The extent of these  write-downs  was mitigated by the program of
     mine expansion at Carmen de Andacollo and the establishment of significant
     additional reserves at Quebrada Blanca.

c)   During 2008, we elected to withdraw from the Petaquilla  copper project in
     Panama and therefore, have recorded an impairment charge of $22 million on
     our investment in Minera  Petaquilla S.A. During 2008, we also recorded an
     impairment  charge  of  $35  million  for  capitalized  exploration  costs
     relating to a nickel property in Brazil and $8 million in respect of other
     exploration  properties  as  these  costs  are no  longer  expected  to be
     recoverable.

     During  2007,  we  recorded  an  impairment  charge of $26  million on our
     investment in Tahera Diamond Corporation ("Tahera").  Tahera announced the
     suspension  of  operations at its primary  asset,  the Jericho  mine,  and
     subsequently    filed   for    creditor    protection,    indicating    an
     other-than-temporary decline in market value.


17.  OTHER INCOME (EXPENSE)

     ===========================================================================
     (Cdn$ in millions)                                   2008     2007    2006
     ---------------------------------------------------------------------------
     Interest income                                      $ 56    $ 177   $ 186
     Derivative gains on forward copper and zinc sales     291       53       -
     Other derivative losses                                (6)     (25)      -
     Foreign exchange gains (loss)                          69       6       (7)
     Gain on sale of investments and assets,
       net of losses (a)                                    16       55     201
     Realization of cumulative translation losses            -      (59)      -
     Reclamation expense for closed properties             (22)     (26)    (17)
     Provision for marketable securities (b)              (292)       -       -
     Other                                                 (81)     (11)    (47)
     ---------------------------------------------------------------------------
                                                          $ 31    $ 170   $ 316
     ===========================================================================

a)   The gain on sale of  investments  and assets in 2006 included $120 million
     from the sale of Inco shares and  redemption of Inco exchange  debentures.
     In 2006, we sold our common shares of Inco Limited ("Inco"), some of which
     were pledged as security for $248 million of debentures we issued in 1996.
     The debentures  were  exchangeable  at the option of the holder for common
     shares of Inco, subject to adjustment in certain circumstances.

b)   At December 31, 2008, we determined  that the  mark-to-market  loss on our
     available-for-sale    marketable   securities   recorded   through   other
     comprehensive income was an  other-than-temporary  decline and transferred
     the loss to other income (expense).

- -------------------------------------------------------------------------------
41

<PAGE>

18.  PARTNERSHIPS AND JOINT VENTURES

     Our   operations   that  are   accounted   for  using  the   proportionate
     consolidation  method are the  Antamina,  Pogo,  Hemlo and  Lennard  Shelf
     mines. The Lennard Shelf mine was permanently closed in August of 2008. We
     proportionately  consolidated  our 40% interest in Teck Coal, prior to the
     acquisition of Fording's assets on October 30, 2008 (Note 4(a)). Our share
     of the assets and  liabilities,  revenues  and  expenses and cash flows of
     these operations is as follows:

<TABLE>
<CAPTION>
     ====================================================================================
     (Cdn$ in millions)                                      2008       2007        2006
     ------------------------------------------------------------------------------------
<S>                                                      <C>        <C>         <C>
     Assets
           Cash and cash equivalents                     $    113   $    108    $     88
           Other current assets                               142        316         347
           Mineral properties, plant and equipment            741      1,101       1,252
     ------------------------------------------------------------------------------------
                                                         $    996   $  1,525    $  1,687
     ------------------------------------------------------------------------------------
     Liabilities and equity
          Current liabilities                                 103        194         274
          Long-term debt                                      113        114         123
          Other long-term liabilities                         134        278         245
          Equity                                              646        939       1,045
     ------------------------------------------------------------------------------------
                                                              996      1,525       1,687
     ------------------------------------------------------------------------------------
     Earnings
          Revenues                                       $  2,410   $  1,955    $  2,127
          Operating and other expenses                     (1,289)     (1,232)    (1,077)
          Provision for income and resource taxes            (124)      (205)       (222)
     ------------------------------------------------------------------------------------
     Net earnings                                        $    997   $    518    $    828
     ------------------------------------------------------------------------------------
     Cash flow
          Operating activities                           $  1,107   $    652    $    981
          Financing activities                                 40         11         (38)
          Investing activities                               (183)       (71)        (76)
          Distributions                                      (979)      (559)       (945)
          Effect of exchange rates on cash                     20        (13)          -
     ------------------------------------------------------------------------------------
     Increase (decrease) in cash                         $      5   $     20    $    (78)
     ====================================================================================
</TABLE>

      Income and resource taxes relate only to incorporated joint ventures. The
      liability  for income taxes for  partnerships  and  unincorporated  joint
      ventures  rests at the parent  entity  level and is not  included in this
      table.

- -------------------------------------------------------------------------------
42
<PAGE>

19.  SUPPLEMENTAL CASH FLOW INFORMATION

<TABLE>
<CAPTION>

     ===============================================================================================================
     (Cdn$ in millions)                                                             2008          2007         2006
     ---------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>           <C>               <C>
     (a) Cash and cash equivalents
               Cash                                                             $    294      $    695     $    156
               Money market investments with maturities from the date of
                  acquisition of 3 months or less                                    556           713        4,898
     ---------------------------------------------------------------------------------------------------------------
                                                                                $    850      $  1,408     $  5,054
     ---------------------------------------------------------------------------------------------------------------
     (b) Net change in non-cash working capital items
               Accounts and settlements receivable                              $    118      $    178     $   (192)
               Inventories                                                           113           (94)        (118)
               Accounts payable and accrued liabilities                             (276)           99          321
               Current income and resource taxes payable                          (1,519)         (465)         288
     ---------------------------------------------------------------------------------------------------------------
                                                                                $ (1,564)     $   (282)    $    299
     ---------------------------------------------------------------------------------------------------------------
     (c) Interest and taxes paid
               Interest paid                                                    $    135      $     90     $    111
               Income and resource taxes paid                                   $    645      $  1,283     $    846

     (d) Non-cash financing transaction
               Shares issued on conversion of debt (Note 15(d))                 $      -      $      -     $    107
               Shares issued for acquisitions (Note 4)                          $  1,791      $    952     $      -
     ===============================================================================================================
</TABLE>

20.  COMMITMENTS AND CONTINGENCIES

     We consider provisions for all our outstanding and pending legal claims to
     be adequate.  The final  outcome with  respect to actions  outstanding  or
     pending as at December 31, 2008, or with respect to future claims,  cannot
     be predicted with certainty. Significant commitments and contingencies not
     disclosed  elsewhere  in the  notes  to our  financial  statements  are as
     follows:

a)   Restructuring

     On January 8, 2009 we  announced a workforce  reduction  of  approximately
     1,400 positions as part of our broader strategy to reduce costs. In total,
     about 1,000  employee and 400  contractor  positions will be eliminated by
     the end of 2009,  with the majority of the  reductions  to be completed in
     the first quarter.  Severance and other related costs associated with this
     reduction will be charged to net earnings in the first quarter of 2009.

b)   Upper Columbia River Basin (Lake Roosevelt)

     Prior to our  acquisition  in 2000 of a majority  interest in Cominco Ltd.
     ("TCML"),  the Trail  smelter  discharged  smelter  slag into the Columbia
     River. These discharges commenced prior to TCML's acquisition of the Trail
     smelter in 1906 and continued until 1996. Slag was discharged  pursuant to
     permits issued in British Columbia subsequent to the enactment of relevant
     environmental  legislation  in 1967.  Slag and  other  non-slag  materials
     released from the Trail smelter in British  Columbia have  travelled  down
     river,  as  have  substances  discharged  from  many  other  smelting  and
     industrial facilities located along the length of the Upper Columbia River
     system in Canada and the United States.

- -------------------------------------------------------------------------------
43
<PAGE>

20.  COMMITMENTS AND CONTINGENCIES, CONTINUED

     Slag is a glass-like compound consisting primarily of silica,  calcium and
     iron,  which contains small amounts of base metals  including zinc,  lead,
     copper and cadmium.  It is sufficiently inert that it is not characterized
     as a hazardous  waste under  applicable  Canadian or US regulations and is
     sold to the cement industry.

     While slag has been deposited into the river, further study is required to
     assess what  effect the  presence of slag in the river has had and whether
     it poses an unacceptable risk to human health or the environment.

     A large number of studies  regarding slag  deposition and its effects have
     been  conducted  by  various  governmental  agencies  on both sides of the
     border.  The historical  studies of which we are aware have not identified
     unacceptable  risks  resulting from the presence of slag in the river.  In
     June  2006,  TCML  and its  affiliate,  TCAI,  entered  into a  Settlement
     Agreement  (the  "EPA  Agreement")  with the US  Environmental  Protection
     Agency  ("EPA") and the United  States  under which TCAI is paying for and
     conducting a remedial  investigation  and  feasibility  study ("RI/FS") of
     contamination  in the  Upper  Columbia  River  (the  "Studies")  under the
     oversight of the EPA. This  multi-year  study will use the latest  science
     developed by the EPA and other  researchers to determine the true risks in
     the reservoir system. The RI/FS is scheduled for completion in 2011 and is
     being prepared by independent consultants approved by the EPA and retained
     by TCAI. TCAI is paying the EPA's  oversight  costs and providing  funding
     for  the  participation  of  other  governmental  parties,  the  State  of
     Washington and two native tribes, the Confederated  Tribes of the Colville
     Nation (the "Colville  Tribe") and the Spokane Tribe.  TCML has guaranteed
     TCAI's performance of the Agreement. TCAI has also placed US$20 million in
     escrow as financial  assurance of its obligations  under the Agreement and
     we  have   accrued   our   estimate   of  the   costs   of  the   Studies.
     Contemporaneously with the execution of the Agreement,  the EPA withdrew a
     unilateral  administrative  order  ("UAO")  purporting  to compel  TCML to
     conduct the Studies.

     The RI/FS process  requires TCAI to submit a work plan for the  assessment
     of site  conditions  to the EPA  which,  when  approved,  will lead to the
     development  of a set of sampling  and other plans and actual  field work.
     Data from field work will be used to determine whether further studies are
     required.  When  sufficient  data have been compiled to adequately  assess
     risk, a baseline human health and  environmental  risk  assessment  ("RA")
     will be produced to identify  risks,  if any, that may exist to humans and
     to  various  environmental  receptors.  The RA will form the basis for the
     RI/FS. The remedial investigation will identify potential remedial options
     available to mitigate any unacceptable  risks; the feasibility  study will
     consider  engineering,  procedural  and  practical  constraints  to  these
     remedial  options.  Based on the RI/FS, the EPA will determine whether and
     what remedial  actions are  appropriate  in accordance  with criteria that
     take  into   account,   among  other   factors,   technical   feasibility,
     effectiveness,  cost,  effects  on  the  environment  resulting  from  the
     remediation  action,  and acceptability of the relevant remedial option to
     the  community.  Each work  product and plan in this process is subject to
     EPA  approval.  Internal  consultation  processes  of the EPA will include
     consultation  with  state and other  federal  agencies  and the two Indian
     Tribes bordering the site.

     While  the UAO was  outstanding,  two  citizens  of  Washington  State and
     members of the Colville Tribe  commenced an enforcement  proceeding  under
     Section   310(a)(i)   of   the   Comprehensive   Environmental   Response,
     Compensation  and Liability Act  ("CERCLA") to enforce the UAO and to seek
     fines and penalties against TCML for  non-compliance.  TCML sought to have
     all  claims  dismissed  on the basis  that the court  lacked  jurisdiction
     because the CERCLA statute,  in TCML's view was not intended to govern the
     discharges of a facility occurring in another country. That case proceeded
     through US Federal District Court and the Federal Court of Appeals for the
     9th Circuit.  The 9th Circuit affirmed the District Court decision denying
     TCML's motion to dismiss the case on jurisdictional grounds and found that
     CERCLA could be applied to TCML's disposal  practices in British  Columbia
     because they may have had an effect in Washington  State.  The 9th Circuit
     issued a stay of its decision  pending the  resolution of a further appeal
     by TCML to the US Supreme Court.

- -------------------------------------------------------------------------------
44
<PAGE>

20.  COMMITMENTS AND CONTINGENCIES, CONTINUED

     In February  2007,  TCML filed a petition for review and reversal with the
     US Supreme Court.  TCML's petition was supported by amicus briefs filed by
     Canada,  the  Province  of British  Columbia,  the Mining  Association  of
     Canada,  the  US  National  Mining  Association,  the  US  Association  of
     Manufacturers,  the  Canadian and US Chambers of Commerce and the Consumer
     Electronics  Association.  In January  2008,  the US Supreme  Court denied
     TCML's  petition for a review of the 9th Circuit  decision.  The denial of
     review is not a  decision  on the  merits of TCML's  defence,  but  rather
     reflects the US Supreme  Court's  decision not to take up the case at this
     particular time.

     Following the denial of our petition for review by the U.S.  Supreme Court
     in January 2008,  the Lake  Roosevelt  litigation  reverted to the Federal
     District Court for Eastern Washington.  Judgment on the first phase of the
     litigation  dealing  with issues  associated  with an EPA order  issued in
     December,  2003 and  withdrawn in June 2008 was delivered on September 19,
     2008. All of the claims associated with the order were dismissed including
     the plaintiffs'  claims for costs and attorneys' fees. On October 3, 2008,
     the  plaintiffs  filed a joint motion for partial  reconsideration  of the
     decision and asked that it be entered as a final judgment.

     In November, 2008, TCML filed a motion to stay the plaintiffs' CERCLA cost
     recovery  declaratory relief claim. On December 30, 2008, the Court denied
     the  motion and  discovery  and  briefing  of the  liability  phase of the
     litigation will occur in 2009.

     The hearing of the  plaintiffs'  claims for natural  resource  damages and
     costs has been deferred until the remedial  investigation  and feasibility
     study  being   conducted  by  TCML's   affiliate  Teck  Cominco   American
     Incorporated under the EPA Agreement have been  substantially  advanced or
     completed.  Natural  resource  damages ("NRD") are assessed for injury to,
     destruction of, or loss of natural resources including the reasonable cost
     of a damage assessment.  Teck American  commissioned a study by recognized
     experts in NRD assessment in 2008. Based on the assessment performed, Teck
     Cominco  estimates that the  compensable  value of such damage will not be
     material.

     TCAI will  continue  to  fulfill  its  obligations  under  the  settlement
     agreement  reached  with the  United  States  and the EPA in June 2006 and
     complete  the RI/FS  mentioned  above.  The  settlement  agreement  is not
     affected by the litigation.

     There can be no assurance  that TCML will  ultimately be successful in its
     defence of the litigation or that TCML or its affiliates will not be faced
     with  further  liability  in  relation to this  matter.  Until the studies
     contemplated  by the  Agreement  and  additional  damage  assessments  are
     completed,  it is not possible to estimate the extent and cost, if any, of
     remediation or restoration that may be required or to assess the company's
     potential liability for damages. The studies may conclude, on the basis of
     risk, cost,  technical  feasibility or other grounds,  that no remediation
     should be  undertaken.  If remediation is required and damage to resources
     found,  the  cost of  remediation  and/or  the  damage  assessment  may be
     material.

c)   Red Dog Commitments

     In 2008,  Teck Alaska (Red Dog) entered into a settlement  with plaintiffs
     from the Village of Kivalina who filed a complaint alleging  violations of
     the Clean Water Act. A consent  decree  constituting  a full and  complete
     settlement of the claims has been entered with the Court.

     In 2006, in accordance with the operating  agreement governing the Red Dog
     mine,  the  royalty  to  the  North  Alaska  Nature  Association  ("NANA")
     increased to 25% of net  proceeds of  production.  Previously,  we paid an
     advance  royalty of 4.5% of net smelter  returns.  The increase in royalty
     rate is partially  offset by a decline in the base on which  royalties are
     calculated,  as operating,  distribution,  selling and management fees, an
     allowance  for future  reclamation  and closure  costs,  capital costs and
     deemed interest are deductible in the calculation of the royalty.  The 25%
     royalty became payable in the third quarter of 2007 after we had recovered
     the cumulative advance royalties previously paid to NANA. The net proceeds
     of  production  royalty  rate will  increase  by 5% every  fifth year to a
     maximum of 50%.  The increase to 30% of net  proceeds of  production  will
     occur in 2012.

- -------------------------------------------------------------------------------
                                                                             45
<PAGE>

20.  COMMITMENTS AND CONTINGENCIES, CONTINUED

     TCAK  leases,   road  and  port  facilities  from  the  Alaska  Industrial
     Development and Export  Authority  though which it ships all  concentrates
     produced  at the Red Dog mine.  The lease  requires  TCAK to pay a minimum
     annual user fee of US$18 million, but has no minimum tonnage requirements.
     There are also fee  escalation  provisions  based on zinc price and annual
     budgets.

     TCAK has also entered into agreements for the  transportation and handling
     of concentrates  from the mill site.  These  agreements have varying terms
     expiring  at  various  dates  through  2015  and  include  provisions  for
     extensions.  There are minimum tonnage requirements and the minimum annual
     fees amount to approximately  US$15 million in 2009, US$7 million in 2010,
     US$5  million  in  2011  and  US$4  million   thereafter  with  adjustment
     provisions based on variable cost factors.

d)   Antamina Royalty

     Our  interest in the  Antamina  mine is subject to a net  profits  royalty
     equivalent to 7.4% of our share of the  project's  required free cash flow
     after  recovery of capital costs and an interest  factor on  approximately
     60% of project costs.  The recovery of accumulated  capital costs together
     with  interest  was  completed  in 2006 and an expense of $20  million was
     recorded in 2008 (2007 - $22 million) in respect of this royalty.

e)   Operating Leases

     Amounts  payable  under  operating  leases are $155  million,  with annual
     payments of $38 million in 2009, $33 million in 2010, $23 million in 2011,
     $14 million in 2012, $8 million in 2013, and $39 million  thereafter.  The
     leases are primarily for office premises, mobile equipment and rail cars.

f)   Forward Purchase Commitments

     We have a number of  forward  purchase  commitments  for the  purchase  of
     concentrates  and power and for  shipping  and  distribution  of products,
     which are incurred in the normal course of business. The majority of these
     contracts are subject to force majeure provisions.


21.  ACCOUNTING FOR FINANCIAL INSTRUMENTS

a)   Financial Risk Management

     Our activities  expose us to a variety of financial  risks,  which include
     foreign exchange risk,  interest rate risk,  commodity price risk,  credit
     risk and liquidity risk. From  time-to-time,  we may use foreign  exchange
     forward  contracts,  commodity  price contracts and interest rate swaps to
     manage  exposure to  fluctuations  in foreign  exchange,  metal prices and
     interest rates. We do not have a practice of trading derivatives.  Our use
     of derivatives is based on established practices and parameters, which are
     subject  to the  oversight  of our  Hedging  Committee  and our  Board  of
     Directors.

     LIQUIDITY RISK

     Liquidity risk arises from our general and capital funding needs.  Further
     discussion on liquidity risk is included in Note 2.

- -------------------------------------------------------------------------------
46
<PAGE>

21.  ACCOUNTING FOR FINANCIAL INSTRUMENTS, CONTINUED

      Contractual undiscounted cash flow requirements for financial liabilities
as at December 31, 2008:

<TABLE>
<CAPTION>
     ===============================================================================================================================
                                                                              Less than                                  More than
     (Cdn$ in millions)                                            Total         1 year       1-3 years    4-5 years       5 years
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                                             <C>            <C>              <C>            <C>         <C>
     Short-term debt (Note 11(g))                               $  6,516       $  6,516         $    -         $   -       $     -
     Long-term debt (Note 11(g))                                   6,452          1,329           3,905            -         1,218
     Estimated interest payments on debt                           2,107            436             411          144         1,116

     Derivative liabilities                                          252            252               -            -             -
     ===============================================================================================================================
</TABLE>

     FOREIGN EXCHANGE RISK

     We operate on an international basis and therefore,  foreign exchange risk
     exposures arise from transactions  denominated in a foreign currency.  Our
     foreign exchange risk arises primarily with respect to the US dollar.  Our
     cash flows from Canadian  operations are exposed to foreign  exchange risk
     as  commodity  sales are  denominated  in US dollars,  and the majority of
     operating expenses are denominated in Canadian dollars.

     We have  hedged a portion  of our future  cash  flows from US dollar  coal
     sales until April 2009 with US dollar  forward  sales  contracts.  We have
     elected not to actively  manage other foreign  exchange  exposures at this
     time.

     We also have various investments in US dollar self-sustaining  operations,
     whose net assets are exposed to foreign  currency  translation  risk. This
     currency  exposure is managed in part  through  our US dollar  denominated
     debt as a hedge against these self-sustaining  operations.  As at December
     31, 2008,  $5.3  billion of debt was  designated  in this manner.  Foreign
     exchange  fluctuations on the remaining  balance of US dollar  denominated
     debt will  affect  the  statement  of  earnings  in the  period of change.
     Changes  in  the  US  dollar  exchange  rate  may  result  in  significant
     fluctuations in our net earnings.  This exposure is expected to be reduced
     as we pay down the debt,  generate US dollar cash balances or generate and
     retain profits in US dollar self-sustaining operations.

     US dollar financial instruments subject to foreign exchange risk:

<TABLE>
<CAPTION>
     ==============================================================================================================================
     (US$ in millions)                                                                                         2008          2007
     ------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                          <C>          <C>
     Net working capital                                                                                     $   293      $    235
     US dollar forward sales contracts                                                                          (183)            -
     Short-term debt                                                                                          (5,350)            -
     Long-term debt                                                                                           (5,293)       (1,457)
     Net investment in foreign self-sustaining operations                                                      5,273         5,335
     ==============================================================================================================================
</TABLE>

     As  at  December  31,  2008,  with  other  variables  unchanged,  a  $0.01
     strengthening  (weakening)  of the Canadian  dollar  against the US dollar
     would have a $50 million effect (2007 - nominal) on net earnings resulting
     from our financial instruments.  There would also be a $11 million (2007 -
     nil) decrease (increase) in other comprehensive  income from our US dollar
     forward sales contracts designated as cash flow hedges, and there would be
     no  significant  (2007  -  $41  million)  decrease   (increase)  in  other
     comprehensive  income  resulting  from  our net US  dollar  investment  in
     self-sustaining operations.

- -------------------------------------------------------------------------------
                                                                             47
<PAGE>

21.  ACCOUNTING FOR FINANCIAL INSTRUMENTS, CONTINUED

     INTEREST RATE RISK

     Our interest rate risk mainly  arises from our cash and cash  equivalents,
     floating rate debt and interest rate swaps.  Our interest rate  management
     policy is  generally to borrow at fixed rates to match the duration of our
     long lived assets.  However,  floating rate funding may be used, as in the
     case of our  acquisition  of Fording.  The fair value of  fixed-rate  debt
     fluctuates  with changes in market  interest  rates,  but unless we make a
     prepayment, the cash flows in US dollars do not.

     Cash flows related to floating rate debt  fluctuate with changes in market
     interest  rates,  but the fair value in US dollars does not. Cash and cash
     equivalents  have short terms to maturity  and receive  interest  based on
     market  interest  rates.  Interest rate risk associated with cash and cash
     equivalents is not significant.

     The  fair  value  of  our  derivative  interest  rate  swap  changes  with
     fluctuations  in market  interest  rates.  Unless we settle  the  contract
     early, the future cash outflows do not change.

     As at December 31, 2008,  with other variables  unchanged,  a 1% change in
     the  LIBOR  rate  would  have a $75  million  effect  (2007  - nil) on net
     earnings. There would be no effect on other comprehensive income.

     COMMODITY PRICE RISK

     We are  subject to price risk from  fluctuations  in market  prices of the
     commodities that we produce. From time-to-time, we may use commodity price
     contracts to manage our exposure to fluctuations in commodity  prices.  At
     the  balance  sheet  date,  we had  copper,  gold and zinc  forward  sales
     contracts outstanding.

     Our commodity price risk associated with financial  instruments  primarily
     relates  to  changes in fair value  caused by  settlement  adjustments  to
     receivables  and payables,  the  Cajamarquilla  contingent  receivable and
     forward contracts for copper, gold and zinc.

     Sales of metals in concentrate  are recognized in revenue on a provisional
     pricing  basis when title  transfers  and the  rights and  obligations  of
     ownership  pass to the  customer,  which  usually  occurs  upon  shipment.
     However,  final  pricing is typically  not  determined  until a subsequent
     date.  Accordingly,  revenue in any period is based on current  prices for
     sales occurring in the period and ongoing pricing  adjustments  from sales
     that are still subject to final pricing.  These pricing adjustments result
     in additional  revenues in a rising price  environment  and  reductions to
     revenue in a declining price  environment,  taking into account the actual
     price participation terms in the concentrate sales agreements.  The effect
     of these  adjustments on earnings is mitigated by the effect that changing
     commodity  prices have on price  participation  clauses in the concentrate
     sales agreements, royalties, taxes and non-controlling interests.

     The following represents the effect of financial  instruments on after-tax
     net  earnings  from a 10%  increase  to  commodity  prices,  based  on the
     December  31,  2008  prices.  There is no  effect  on other  comprehensive
     income.

     ===========================================================================
                                                       Increase   (decrease) on
                           Price on December 31,       after-tax   net earnings
     (Cdn$ in millions)       2008        2007              2008          2007
     ---------------------------------------------------------------------------

     Copper                  US$1.40/lb   US$3.03/lb         $15          $ 29
     Zinc                    US$0.51/lb   US$1.04/lb           1            (3)
     Lead                    US$0.43/lb   US$1.15/lb           1             4
     Gold                    US$865/oz    US$837/oz           (3)           (4)
     ===========================================================================

- -------------------------------------------------------------------------------
48
<PAGE>

21.  ACCOUNTING FOR FINANCIAL INSTRUMENTS, CONTINUED

     CREDIT RISK

     Credit  risk  arises  from  the   non-performance   by  counterparties  of
     contractual financial  obligations.  Our primary counterparties related to
     our money market  investments and derivative  contracts  carry  investment
     grade ratings as assessed by external  rating  agencies.  There is ongoing
     review to evaluate the creditworthiness of these counterparties. We manage
     credit risk for trade and other  receivables  through  established  credit
     monitoring  activities.  We do not  have a  significant  concentration  of
     credit risk with any single  counterparty or group of counterparties.  Our
     maximum  exposure to credit  risk at the  reporting  date is the  carrying
     value of our cash and cash equivalents, receivables and derivative assets.
     While we are exposed to credit  losses due to the  non-performance  of our
     counterparties,  we  consider  any  material  risk of this to be  unlikely
     despite the current market conditions.

b)   Derivative Financial Instruments and Hedges

     SALES AND PURCHASES CONTRACTS

     The majority of our metal concentrates are sold under pricing arrangements
     where final  prices are  determined  by quoted  market  prices in a period
     subsequent  to the date of  sale.  In these  circumstances,  revenues  are
     recorded at the time of sale based on forward prices for the expected date
     of the final  settlement.  Metal  concentrates  for  smelting and refining
     operations are purchased  under similar  arrangements.  Adjustments to the
     balance  of our  concentrate  receivables  and  payables  from  changes in
     underlying market prices affect revenue or operating costs as appropriate.

     CONTINGENT RECEIVABLE RELATED TO SALE OF DISCONTINUED OPERATIONS

     As a result of the sale of our Cajamarquilla zinc refinery in 2004, we are
     entitled  to  additional  consideration  linked  to  the  price  of  zinc.
     Accordingly,  we recorded the fair value of this additional  consideration
     at the time of the sale and  revalued  it each  period.  This  zinc  price
     participation  expires in 2009 and is considered  an embedded  derivative.
     This  instrument  is valued  based on  discounted  cash flows using a zinc
     forward  price  curve,  US dollar  forward  price and our credit  adjusted
     risk-free  interest  rate. We recorded an after-tax loss of $18 million in
     respect  of these  items  for the  year in our  earnings  as  discontinued
     operations  (2007 - $46  million  loss,  2006 - $36 million  gain).  These
     amounts  are  net of  taxes  of $3  million,  $9  million  and $7  million
     respectively.  The  pre-tax  price  participation  due for  2008 is  US$14
     million (2007 - US$38 million).

     CASH FLOW HEDGES

     US DOLLAR FORWARD SALES CONTRACTS

     At December 31, 2008, US dollar  forward sales  contracts  with a notional
     amount  of  $1.1  billion  remained  outstanding.   This  amount  includes
     contracts  that were assumed as part of our purchase of Fording's  assets.
     The contracts  mature at varying  dates from January to April 2009.  These
     contracts  have been  designated  as cash flow  hedges of a portion of our
     future  cash  flows  from  anticipated  US  dollar  coal  sales.  We  have
     determined they are highly effective hedges from inception to December 31,
     2008.

     Unrealized  gains and losses on our US dollar forward sales  contracts are
     recorded  in other  comprehensive  income.  Realized  gains and  losses on
     settled contracts are recorded in revenue.

     ECONOMIC HEDGE CONTRACTS

     COPPER, ZINC AND GOLD FORWARD SALES CONTRACTS

     We enter into  commodity  forward sales  contracts to mitigate the risk of
     price  changes for a portion of our sales.  These  contracts  economically
     lock in prices for a portion of our copper, zinc and gold sales. We do not
     apply hedge accounting to the commodity forward sales contracts.

- -------------------------------------------------------------------------------
                                                                             49
<PAGE>

21.  ACCOUNTING FOR FINANCIAL INSTRUMENTS, CONTINUED

     ZINC FORWARD PURCHASE CONTRACTS

     Certain customers  purchase refined metal products at fixed forward prices
     from our smelter and refinery operations. The forward purchase commitments
     for  these  metal   products  are  matched  to  these  fixed  price  sales
     commitments to customers.

c)   The fair  value  of our  fixed  forward  sale and  purchase  contracts  is
     calculated  using a  discounted  cash flow method  based on forward  metal
     prices.  A summary of our fixed forward sales contracts as at December 31,
     2008 is as follows:

<TABLE>
<CAPTION>
     ===============================================================================================================================
                                                               2009            2010           2011        Total         Fair Value
     -------------------------------------------------------------------------------------------------------------------------------
                                                                                                                          (Cdn$ in
                                                                                                                          millions)
<S>                                                           <C>              <C>           <C>          <C>          <C>
     ZINC (millions of lbs)
               Fixed forward sales contracts                     57              57             57          171
               Average price (US$/lb)                          0.72            0.67           0.63         0.68                19
     ZINC (millions of lbs)
               Fixed forward purchase contracts                   3               -              -            3
               Average price (US$/lb)                          0.84               -              -         0.84                (2)
     GOLD (thousands of ozs)
               Forward sales contracts                           43               -              -           43
               Average price (US$/oz)                           350               -              -          350               (28)
     US DOLLARS (millions of US$)
               Forward sales contracts                        1,073               -              -        1,073
               Average rate (C$/US$)                           1.01               -              -         1.01              (223)
     US DOLLARS (millions of $)
               Forward purchase contracts                       167               -              -          167
               Average rate (C$/US$)                           1.22               -              -         1.22                 -
     COPPER (millions of pounds)
               Forward sales contracts                          135               -              -          135
               Average price (US$/lb)                          2.40               -              -         2.40               163
                                                                                                                           =======
                                                                                                                           $  (71)
     ===============================================================================================================================
</TABLE>

     We have an  interest  rate  swap on our  long-term  debt  whereby  we have
     swapped a 7%  interest  rate on US$100  million to LIBOR plus  2.14%.  The
     interest  rate swap matures in September  2012 and has a fair market value
     of $13 million as at December 31, 2008.

- -------------------------------------------------------------------------------
50
<PAGE>

22.  CAPITAL RISK MANAGEMENT

     Our  objectives  when  managing  capital are to  safeguard  our ability to
     continue  as  a  going   concern,   to  provide  an  adequate   return  to
     shareholders,  and to meet external  capital  requirements on our debt and
     credit facilities.  We monitor capital based on the debt to capitalization
     ratio.

     COVENANT REQUIREMENTS

     Our credit facilities and certain contracts establish a maximum total debt
     to total  capitalization  ratio of 60% or lower before September 30, 2009,
     and a  ratio  of 50% or  lower  on  September  30,  2009  and  thereafter.
     Management actively monitors this ratio.

     Total debt is generally defined as all interest bearing liabilities,  plus
     any guarantees of debt. Total capitalization is defined as total debt plus
     accumulated other comprehensive income, share capital, contributed surplus
     and retained earnings.

     As at December 31, 2008, our total debt to total  capitalization ratio was
     54%  (2007 - 17%).  In  order to meet our  covenant  requirements,  we may
     adjust our capital structure, by issuing new shares, issuing new debt with
     different  characteristics  to replace existing debt, or selling assets to
     reduce  debt  and  reducing  expenditure  levels.  As part of our  capital
     management  plan, we suspended  dividends for 2009, and announced the sale
     of the  Lobo-Marte  gold project in Chile,  the Hemlo gold mines in Canada
     and our indirect interest in a Peruvian company, Sociedad Minera El Brocal
     S.A.A., and are actively seeking buyers for certain other assets.

     LONG-TERM CAPITAL MANAGEMENT

     Our long-term  strategy is to keep the total debt to total  capitalization
     ratio below 40%. However,  the ratio may be higher for periods of time due
     to certain transactions such as an acquisition. These transactions,  while
     causing the ratio to be out of range for a period of time, are intended to
     help us meet our capital management  objectives in the long run. The ratio
     was  significantly  higher  in 2008 due to our  acquisition  of  Fording's
     assets.

     Our  actions to meet our  covenant  requirements,  such as  suspension  of
     dividend  payments  and sale of  assets,  also  help to ensure we meet our
     long-term capital management goals.



- -------------------------------------------------------------------------------
                                                                             51
<PAGE>

23.  SEGMENTED INFORMATION

     We have six reportable  segments:  copper,  coal, zinc,  gold,  energy and
     corporate, based on the primary products we produce or are developing. The
     corporate  segment  includes all of our initiatives in other  commodities,
     our corporate  growth  activities and groups that provide  administrative,
     technical, financial and other support to all of our business units. Other
     income (expense) includes general and administrative  costs,  research and
     development, and other income (expense). Prior year comparatives have been
     restated to conform to current year presentation.

<TABLE>
<CAPTION>
     ===============================================================================================================================
                                                                                  2008
     -------------------------------------------------------------------------------------------------------------------------------
     (Cdn$ in millions)                           Copper        Coal        Zinc       Gold      Energy    Corporate          Total
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                             <C>          <C>         <C>        <C>          <C>       <C>             <C>
     Segment revenues                           $  2,156     $ 2,428     $ 2,262    $   249        $  -       $    -       $  7,095
     Less inter-segment revenues                -                  -        (191)         -           -            -           (191)
     -------------------------------------------------------------------------------------------------------------------------------
     Revenues                                      2,156       2,428       2,071        249           -            -          6,904
     Operating profit                                882       1,160         301         39           -            -          2,382
     Interest and financing                          (12)         (1)          -          -           -         (169)          (182)
     Exploration                                     (94)          -         (16)       (15)          -          (10)          (135)
     Asset impairment                               (483)          -         (71)         -           -          (35)          (589)
     Other income (expense)                          283           -           -        (25)          -         (339)           (81)
     -------------------------------------------------------------------------------------------------------------------------------
     Earnings before taxes,
        non-controlling interests, equity
        earnings and discontinued
        operations                                   576       1,159         214         (1)          -         (553)         1,395
     Capital expenditures                            596         118         117         19          50           39            939
     Goodwill                                        533       1,191           -          -           -            -          1,724
     Total assets                                  7,941      18,008       3,172        404         895        1,113         31,533
     ===============================================================================================================================
</TABLE>


- -------------------------------------------------------------------------------
52

<PAGE>

23.  SEGMENTED INFORMATION, CONTINUED

<TABLE>
<CAPTION>
     ===============================================================================================================================
                                                                                      2007
     -------------------------------------------------------------------------------------------------------------------------------
     (Cdn$ in millions)                           Copper        Coal        Zinc       Gold      Energy    Corporate          Total
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                             <C>          <C>         <C>        <C>         <C>          <C>          <C>
     Segment revenues                           $  2,186     $   951     $ 3,439    $   182     $     -      $     -      $  6,758
     Less inter-segment revenues                       -           -        (387)         -           -            -          (387)
     -------------------------------------------------------------------------------------------------------------------------------
     Revenues                                      2,186         951       3,052        182           -            -         6,371
     Operating profit (loss)                       1,354         209       1,180         (5)          -            -         2,738
     Interest and financing                          (13)         (1)          -          -           -          (71)          (85)
     Exploration                                     (46)          -         (20)       (22)          -          (17)         (105)
     Asset impairment                                  -           -         (43)         -           -          (26)          (69)
     Other income (expense)                            -           -           -        (28)          -           57            29
     -------------------------------------------------------------------------------------------------------------------------------
     Earnings before taxes,
        non-controlling  interests,
        equity earnings and
        discontinued operations                    1,295         208       1,117        (55)          -          (57)        2,508
     Capital expenditures                            259          35         150         30          70           27           571
     Goodwill                                        663           -           -          -           -            -           663
     Total assets                                  6,524       1,359       2,865        357         529        1,939        13,573
     ===============================================================================================================================
</TABLE>
<TABLE>
<CAPTION>

     ===============================================================================================================================
                                                                                     2006
     -------------------------------------------------------------------------------------------------------------------------------
     (Cdn$ in millions)                           Copper        Coal        Zinc       Gold      Energy    Corporate          Total
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                             <C>          <C>         <C>        <C>          <C>       <C>             <C>
     Segment revenues                           $  2,220     $ 1,177     $ 3,467     $  143      $    -     $      -       $  7,007
     Less inter-segment revenues                       -           -        (468)         -           -            -           (468)
     -------------------------------------------------------------------------------------------------------------------------------
                                                   2,220       1,177       2,999        143           -            -          6,539
     Revenues
     Operating profit                              1,617         444       1,493          7           -            -          3,561
     Interest and financing                          (11)         (2)          -          -           -          (84)           (97)
     Exploration                                     (38)          -          (4)       (24)          -           (6)           (72)
     Asset impairment                                  -           -           -          -           -            -
     Other expense                                   (10)          -           -          -           -          213            203
     -------------------------------------------------------------------------------------------------------------------------------
     Earnings before taxes,
        non-controlling interests,
        equity earnings and
        discontinued operations                    1,558         442       1,489        (17)          -          123          3,595
     Capital expenditures                            102          18         133         44          73           21            391
     Goodwill                                          -           -           -          -           -            -              -
     Total assets                                  1,211         779       4,431        402         190        4,434         11,447
     ===============================================================================================================================
</TABLE>

- -------------------------------------------------------------------------------
                                                                             53
<PAGE>

23.  SEGMENTED INFORMATION, CONTINUED

     The  geographic  distribution  of our  property,  plant and  equipment and
     external  sales revenue,  with revenue  attributed to regions based on the
     location of the customer, is as follows:

<TABLE>
<CAPTION>
     ===============================================================================================================================
                                                PROPERTY, PLANT AND EQUIPMENT                                REVENUES
     -------------------------------------------------------------------------------------------------------------------------------
     (Cdn$ in millions)                                   2008               2007                 2008           2007          2006
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                                   <C>                 <C>                  <C>            <C>           <C>
     Canada                                           $ 16,936            $ 2,687              $   614        $   649       $   724
     United States                                       1,132              1,059                1,230          1,563         1,487
     Latin America                                       5,810              4,020                  479            361           251
     Asia                                                    4                  5                3,204          2,673         2,770
     Europe                                                  6                  3                1,317            993         1,201
     Australia                                              21                 33                   45            126           106
     Africa                                                  -                  -                   15              6             -
     -------------------------------------------------------------------------------------------------------------------------------
                                                      $ 23,909            $ 7,807              $ 6,904        $ 6,371       $ 6,539
     ===============================================================================================================================
</TABLE>


- -------------------------------------------------------------------------------
54
<PAGE>

24.  GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN CANADA AND THE UNITED STATES

     The  effect of the  material  measurement  differences  between  generally
     accepted accounting  principles in Canada and the United States on our net
     earnings is summarized as follows:

<TABLE>
<CAPTION>
     ===============================================================================================================================
        (Cdn$ in millions, except per share data)                                                   2008         2007          2006
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                             <C>           <C>        <C>
     Net earnings under Canadian GAAP                                                           $    659      $ 1,615    $    2,431
     Add (deduct)

            Exchangeable debentures due 2024 (b)                                                       -            -            (4)
            Unrealized holding losses on investments (c)                                               -            -           (14)
            Deferred start-up costs (d)                                                                5            3           (11)
            Exploration expenses (e)                                                                 (37)         (32)          (21)
            Derivative instruments (f)
               Embedded derivatives                                                                    -            -            94
               Non-hedge derivatives                                                                  26           18           (53)
            Asset retirement obligations (g)                                                          (3)          (3)           (3)
            Deferred stripping (h)                                                                   (84)         (40)          (17)
            Cumulative translation adjustment on partial redemption of subsidiary (i)                  -           59             -
            Other (j)                                                                                  -           (3)           (2)
            Tax effect of adjustments noted above (l)                                                  3           37            40
            Tax benefit on redemption of exchangeable debentures (b)                                   -            -           124
     -------------------------------------------------------------------------------------------------------------------------------
     Net earnings under US GAAP before comprehensive income adjustments                              569        1,654         2,564
     -------------------------------------------------------------------------------------------------------------------------------
     Other comprehensive income under Canadian GAAP                                                  934         (576)            -
     Add (deduct)
     Unrealized gains (losses) on investments (c)
            Arising during the period                                                                  -            -           104
            Less: reclassification adjustments to net income                                           -            -            78)
     -------------------------------------------------------------------------------------------------------------------------------
                                                                                                       -            -            26
     Losses on derivatives designated as cash flow hedges (f)
            Arising during the period                                                                  -            -             -
            Less: reclassification adjustments to net income                                         (26)         (18)          (13)
     -------------------------------------------------------------------------------------------------------------------------------
                                                                                                     (26)         (18)          (13)
             Cumulative translation adjustment (i)(k)                                                  4          (63)           21
             Additional pension liability (m)                                                         50           42             8
             Tax effect of adjustments (l)                                                           (15)         (10)           (2)
     -------------------------------------------------------------------------------------------------------------------------------
     Other comprehensive income under US GAAP                                                        947         (625)           40
     -------------------------------------------------------------------------------------------------------------------------------
     Comprehensive income (k)                                                                   $  1,516      $ 1,029    $    2,604
     -------------------------------------------------------------------------------------------------------------------------------
     Earnings per share under US GAAP before comprehensive income adjustments
                  Basic                                                                         $   1.26      $  3.83    $    6.09
                  Diluted                                                                       $   1.26      $  3.81    $    5.92
                  Basic from continuing operations                                              $   1.30      $  3.94    $    5.82
                  Diluted from continuing operations                                            $   1.30      $  3.92    $    5.65
     ===============================================================================================================================
</TABLE>

- -------------------------------------------------------------------------------
                                                                             55

<PAGE>

24.  GENERALLY ACCEPTED ACCOUNTING  PRINCIPLES IN CANADA AND THE UNITED STATES,
     CONTINUED
<TABLE>
<CAPTION>
     Balance sheets under Canadian GAAP and US GAAP:
     ===============================================================================================================================
     (Cdn$ in millions)                                                               2008                           2007
     -------------------------------------------------------------------------------------------------------------------------------
                                                                            Canadian               US         Canadian           US
                                                                                GAAP             GAAP             GAAP         GAAP
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>              <C>              <C>           <C>
     ASSETS

     CURRENT ASSETS
          Cash and cash equivalents                                       $      850       $      850       $    1,408    $   1,408
            Temporary investments                                                 11               11                -            -
          Income taxes receivable                                              1,130            1,130               33           33
          Accounts and settlements receivable                                    769              769              560          560
          Inventories                                                          1,339            1,339            1,004        1,004
          Deferred debt issuance costs (p)                                         -              106                -            -
     -------------------------------------------------------------------------------------------------------------------------------
                                                                               4,099            4,205            3,005        3,005

     INVESTMENTS (j)                                                             948              929            1,506        1,494
     PROPERTY, PLANT AND EQUIPMENT (d)(e)(g)(h)(j)                            23,909           23,574            7,807        7,576
     OTHER ASSETS (m)(p)                                                         853              734              592          435
     GOODWILL                                                                  1,724            1,724              663          663
     -------------------------------------------------------------------------------------------------------------------------------
                                                                          $   31,533      $    31,166       $   13,573   $   13,173
     ===============================================================================================================================

     LIABILITIES AND SHAREHOLDERS' EQUITY

     CURRENT LIABILITIES
          Accounts payable and accrued liabilities                        $    1,506      $     1,506       $    1,238   $    1,238
          Current portion of long-term debt (p)                                1,336            1,362               31           31
            Short-term debt (p)                                                6,436            6,516                -            -
     -------------------------------------------------------------------------------------------------------------------------------
                                                                               9,278            9,384            1,269        1,269

     LONG-TERM DEBT (p)                                                        5,102            5,164            1,492        1,492
     OTHER LIABILITIES (g)(m)                                                  1,184            1,098              994          974
     FUTURE INCOME AND RESOURCE TAXES (l)                                      4,965            4,733            2,007        1,768
     NON-CONTROLLING INTERESTS                                                   104              105               92           92
     SHAREHOLDERS' EQUITY                                                     10,900           10,682            7,719        7,578
     -------------------------------------------------------------------------------------------------------------------------------
                                                                          $   31,533      $    31,166       $   13,573   $   13,173
     ===============================================================================================================================
</TABLE>

- -------------------------------------------------------------------------------
56
<PAGE>

24.  GENERALLY ACCEPTED ACCOUNTING  PRINCIPLES IN CANADA AND THE UNITED STATES,
     CONTINUED

     Shareholders' equity under Canadian GAAP and US GAAP:

<TABLE>
<CAPTION>
     ===============================================================================================================================

     (Cdn$ in millions)                                                               2008                            2007
     -------------------------------------------------------------------------------------------------------------------------------

                                                                            Canadian               US         Canadian           US
                                                                                GAAP             GAAP             GAAP         GAAP
     -------------------------------------------------------------------------------------------------------------------------------

     <S>                                                                    <C>           <C>               <C>          <C>
      Capital stock                                                         $  5,079      $     4,955       $    3,281   $    3,157
      Retained earnings                                                        5,476            5,561            5,038        5,213
      Contributed surplus                                                         82               82               71           71
      Accumulated other comprehensive income (loss) (k)                          263               84             (671)        (863)
     -------------------------------------------------------------------------------------------------------------------------------
                                                                            $ 10,900      $    10,682       $    7,719   $    7,578
     ===============================================================================================================================
</TABLE>

a)   Adoption of New Accounting Standards

     i.   Fair Value Measurements

     In September  2006,  the Financial  Accounting  Standards  Board  ("FASB")
     issued FASB  Statement No. 157,  "Fair Value  Measurements."  The standard
     defines fair value, establishes a framework for measuring fair value in US
     GAAP, and expands disclosure about fair value measurements.  This standard
     does not require any new fair value  measurements.  In February  2008, the
     FASB issued FSP FAS 157-2,  which delays the effective  date of FAS 157 to
     fiscal years beginning after November 15, 2008 for nonfinancial assets and
     liabilities,  except for items that are  recognized  or  disclosed at fair
     value in the  financial  statements  on a  recurring  basis.  In 2008,  we
     adopted FAS 157 for financial  assets and  liabilities  recognized at fair
     value on a recurring basis. The adoption did not have a material effect on
     our financial results.  The disclosures  required by FAS 157 for financial
     assets and  liabilities  measured at fair value on a recurring basis as at
     December 31, 2008 are included in Note 24(n).

     We will apply the  requirements of FAS 157 for fair value  measurements of
     financial  and  nonfinancial  assets  and  liabilities  not  valued  on  a
     recurring  basis in 2009. We are currently  evaluating  the effect of this
     application on our financial reporting and disclosures.

     On October 10, 2008,  the FASB issued FSP FAS 157-3,  which  clarifies the
     application of FAS 157 in determining  the fair value of a financial asset
     when the market for that asset is not active.  FSP FAS 157-3 is  effective
     as of the  issuance  date  and  has  not  affected  the  valuation  of our
     financial assets.


     ii.  Fair Value Option for Financial Assets and Financial Liabilities

     In  February  2007,  the FASB  issued  FAS 159,  "Fair  Value  Option  for
     Financial Assets and Financial  Liabilities,"  which allows an irrevocable
     option,  the Fair Value Option,  to carry  eligible  financial  assets and
     liabilities    at   fair   value.    The    election   is   made   on   an
     instrument-by-instrument   basis.   Changes   in  fair   value  for  these
     instruments  are  recorded in  earnings.  The  objective  of FAS 159 is to
     improve financial  reporting by providing entities with the opportunity to
     mitigate  volatility  in reported  earnings  caused by  measuring  related
     assets and liabilities  differently  without having to apply complex hedge
     accounting provisions.

     We applied  FAS 159  prospectively  in 2008.  We have not adopted the Fair
     Value  Option  for  any  of  our  eligible  financial  instruments,  which
     primarily include available-for-sale securities, equity-method investments
     and long-term debt.


- -------------------------------------------------------------------------------
57
<PAGE>

24.  GENERALLY ACCEPTED ACCOUNTING  PRINCIPLES IN CANADA AND THE UNITED STATES,
     CONTINUED

     iii. The Hierarchy of Generally Accepted Accounting Principles

     In May 2008,  FASB  issued  SFAS No.  162,  "The  Hierarchy  of  Generally
     Accepted   Accounting   Principles,"   which  identifies  the  sources  of
     accounting  and the framework  for selecting the  principles to be used in
     the preparation of financial  statements of nongovernmental  entities that
     are presented in  conformity  with US GAAP.  SFAS 162 became  effective in
     November  2008.  The adoption of SFAS 162 did not result in any changes in
     our financial statements.

     iv.  Accounting  for  Transfers  and  Servicing  of  Financial  Assets and
          Extinguishments of Liabilities and Consolidation of Variable Interest
          Entities

     In December 2008 the FASB issued Staff Position  ("FSP") No. FAS 140-4 and
     FIN 46(R)-8, which amends FASB Statement No. 140, Accounting for Transfers
     and Servicing of Financial Assets and  Extinguishments of Liabilities,  to
     require public entities to provide additional  disclosures about transfers
     of financial  assets. It also amends FASB  Interpretation  No. 46 (revised
     December 2003),  Consolidation of Variable Interest  Entities,  to require
     public   enterprises  to  provide   additional   disclosures  about  their
     involvement with variable interest entities.  The disclosures  required by
     this  FSP are  intended  to  provide  greater  transparency  to  financial
     statement  users  about  a  transferor's   continuing   involvement   with
     transferred financial assets and an enterprise's involvement with variable
     interest entities and qualifying SPEs. This FSP is effective for the first
     reporting  period  (interim or annual) ending after December 15, 2008. The
     adoption  of the FSP in 2008  had no  effect  on our  financial  statement
     disclosures.

b)   Exchangeable Debentures Due 2024

     Our exchangeable debentures due 2024, redeemed in 2006, were classified as
     equity with related interest being charged directly to retained  earnings.
     Under US GAAP, we classified these instruments as liabilities and interest
     was  charged  against  current  period  earnings.  The  redemption  of the
     debentures  in 2006 was  treated  as a  non-monetary  transaction  and the
     carrying  value of the debentures  was  transferred to share capital.  Tax
     benefits arising on the settlement of the debt instrument were recorded in
     earnings for US GAAP purposes.

c)   Unrealized Holding Gains (Losses) on Investments

     Under  Canadian  GAAP,  prior to adopting  the new  financial  instruments
     accounting standards,  we recorded investments in marketable securities at
     cost.  For  US  GAAP,   our   marketable   securities  are  designated  as
     available-for-sale.  Available-for-sale  securities  are  carried  at fair
     value with  unrealized  gains or losses  included  in other  comprehensive
     income until realized,  or until an  other-than-temporary  decline occurs.
     With the adoption of the new Canadian financial  instruments  standards on
     January 1, 2007, we recognize our marketable  securities at fair value for
     Canadian GAAP.

d)   Deferred Start-up Costs

     Prior to December 31, 2008, we deferred mine start-up costs under Canadian
     GAAP until a mine reaches  commercial  levels of production  and amortized
     these  amounts  over the life of the project.  Under US GAAP,  we expensed
     mine start-up costs as incurred.

e)   Exploration Expense

     Under  Canadian  GAAP,  we  capitalize   exploration   expenditures  where
     resources,  as defined under National  Instrument 43-101,  exist and it is
     expected that the expenditures can be recovered by future  exploitation or
     sale. For US GAAP, exploration expenditures are expensed unless proven and
     probable reserves have been established by a feasibility study.

- -------------------------------------------------------------------------------
58
<PAGE>

24.  GENERALLY ACCEPTED ACCOUNTING  PRINCIPLES IN CANADA AND THE UNITED STATES,
     CONTINUED

f)   Derivative Instruments

     Under  Canadian  GAAP,  we adopted the  financial  instruments  accounting
     standards on January 1, 2007. Prior to adoption,  derivative  instruments,
     to which hedge accounting was applied,  were held  off-balance  sheet with
     realized gains and losses recorded in net earnings.  Non-hedge  derivative
     instruments  were recorded on the balance sheet at fair value with changes
     in fair value recorded in other income (expense).

     For US GAAP purposes, all derivatives are recorded on the balance sheet as
     either assets or liabilities at fair value.

     i.   The Inco exchangeable debentures, settled in 2006, included an option
          to settle  the debt  with Inco  shares.  Under US GAAP,  this  option
          constituted  an  embedded  derivative  which was  accounted  for as a
          separate  derivative  instrument and recorded on the balance sheet at
          fair value with changes in fair value included in net earnings.

     ii.  TCAK's  agreement  with the  Northwest  Arctic  Borough  includes  an
          escalation  clause based on zinc price.  This constitutes an embedded
          derivative and the derivative  instrument has been separately  valued
          and  recorded  at fair value on the  balance  sheet.  Changes in fair
          value are  included  in net  earnings.  With the  adoption of the new
          Canadian GAAP financial  instruments standards on January 1, 2007, we
          recognized this embedded derivative for Canadian GAAP.

     iii. Our contingent  consideration from the sale of Cajamarquilla based on
          zinc prices (Note 21(b)) constitutes an embedded  derivative under US
          GAAP and the  derivative  instrument has been  separately  valued and
          recorded  at fair value on the balance  sheet.  Changes in fair value
          are included in net earnings.  With the adoption of the Canadian GAAP
          financial instruments standards on January 1, 2007 we recognized this
          embedded derivative for Canadian GAAP.

     iv.  With  the  adoption  of  the  Canadian  GAAP  financial   instruments
          accounting  standards on January 1, 2007,  our  unrealized  losses on
          cash flow  hedges  were  charged,  net of taxes,  directly to opening
          accumulated   other   comprehensive   income.   As  these  previously
          designated  cash flow  hedges  mature,  losses are  brought  into net
          earnings.  Under US GAAP,  these  derivatives  were not designated as
          cash flow hedges,  and accordingly,  unrealized gains and losses were
          recorded in net earnings.

g)   Asset Retirement Obligations

     For US GAAP purposes,  we adopted FASB Statement No. 143,  "Accounting for
     Asset Retirement  Obligations,"  effective January 1, 2003. We adopted the
     provisions of CICA 3110, "Asset Retirement Obligations," for Canadian GAAP
     purposes effective January 1, 2004.

     The United States and Canadian standards for asset retirement  obligations
     are  substantially  the same,  however,  due to the difference in adoption
     dates,  different discount rate assumptions were used in initial liability
     recognition.  This  resulted  in  differences  in the asset and  liability
     balances  on  adoption  and will  result  in  different  amortization  and
     accretion charges over time.

h)   Deferred Stripping

     Canadian GAAP differs from US GAAP in that it allows the capitalization of
     deferred  stripping  costs when such costs are  considered a betterment of
     the asset.  Under US GAAP,  all  stripping  costs are  treated as variable
     production costs.

- -------------------------------------------------------------------------------
                                                                             59
<PAGE>

24.  GENERALLY ACCEPTED ACCOUNTING  PRINCIPLES IN CANADA AND THE UNITED STATES,
     CONTINUED

i)   Cumulative Translation Losses

     Under  Canadian  GAAP,  when a foreign  subsidiary  pays a dividend to the
     parent  company and there has been a reduction  in the net  investment,  a
     gain  or  loss  equivalent  to  a   proportionate   amount  of  cumulative
     translation adjustment is recognized in net income.

     Under US GAAP, a gain or loss from the cumulative  translation  adjustment
     is only  recognized  when the foreign  subsidiary  is sold,  or the parent
     completely or substantially liquidates its investment.

j)   Other

     Other  adjustments  include  differences  in respect  of equity  earnings,
interest capitalization and other items.

k)   Comprehensive Income

     Under  US  GAAP,  comprehensive  income  is  recognized  and  measured  in
     accordance with FASB Statement No. 130, "Reporting  Comprehensive Income."
     Comprehensive  income  includes  all  changes  in equity  other than those
     resulting  from  investments  by  owners  and   distributions  to  owners.
     Comprehensive  income  includes  two  components,  net  income  and  other
     comprehensive income. Other comprehensive income includes amounts that are
     recorded as an element of shareholders'  equity, but are excluded from net
     income as these  transactions or events were  attributable to changes from
     non-owner  sources.  These items include  pension  liability  adjustments,
     holding  gains and  losses on  certain  investments,  gains and  losses on
     certain  derivative  instruments  and  foreign  currency  gains and losses
     related to  self-sustaining  foreign  operations  (cumulative  translation
     adjustment).  We adopted the  Canadian  GAAP  standard  for  comprehensive
     income and other comprehensive income on January 1, 2007.

l)   Income taxes

     The  adjustment to tax expense is the tax effect of  adjustments  under US
     GAAP.  The  computation of income taxes related to adjustments is based on
     the nature of the adjustment and the  jurisdiction in which the adjustment
     originated.  The  company  operates  in  various  jurisdictions  which are
     subject to local tax  legislation,  resulting  in  varying  rates for each
     reconciling item.

     The model for  recognition  and  measurement of uncertain tax positions is
     different  under US  GAAP.  For US GAAP  purposes,  our  unrecognized  tax
     benefits  on  January  1,  2007 and  2008  were $11  million.  There  were
     additions,   reductions  and  settlements  to  unrecognized  tax  benefits
     throughout  the year and, as a result,  the  unrecognized  tax benefits on
     December 31, 2008 increased to $27 million.

     Our  unrecognized  tax benefits,  if recognized,  would not  significantly
     affect our effective tax rate. We recognize interest and penalties related
     to  unrecognized  tax  benefits in other income and  expenses.  During the
     years ended  December 31, 2008,  2007 and 2006,  we did not  recognize any
     significant  tax  related  interest or  penalties.  We also did not accrue
     significant  amounts of tax related interest and penalties at December 31,
     2008 and 2007.  The  balance of the  adjustment  to tax expense is the tax
     effect of adjustments to net earnings under US GAAP.

m)   Pension Liability

     For US GAAP purposes,  we are required to report the  overfunded  asset or
     underfunded   liability   of  our  defined   benefit   pension  and  other
     post-retirement plans on the balance sheet. Since the adoption of SFAS No.
     158 on  December  31,  2006,  changes  in the funded  status are  recorded
     through other  comprehensive  income. The information set out below should
     be read in conjunction with the information  disclosed under Canadian GAAP
     requirements  for pension and other employee future  benefits  provided in
     Note 12(b).

- -------------------------------------------------------------------------------
60

<PAGE>

24.  GENERALLY ACCEPTED ACCOUNTING  PRINCIPLES IN CANADA AND THE UNITED STATES,
     CONTINUED

     The  funded  status  at the  end of  the  year  and  the  related  amounts
     recognized on the statement of financial position for US GAAP purposes are
     as follows:

<TABLE>
<CAPTION>
     ===============================================================================================================================
                                                                               2008                               2007
     -------------------------------------------------------------------------------------------------------------------------------
                                                                                          Other post-                    Other post-
                                                                             Pension       retirement          Pension    retirement
     (Cdn$ in millions)                                                     benefits         benefits         benefits      benefits
     ------------------------------------------------------------------------------------------------------------------------------
     <S>                                                               <C>                <C>               <C>          <C>
     Funded status at end of year
          Fair value of plan assets                                    $       1,213      $         -       $    1,257   $       -
          Benefit obligations                                                  1,224              248       $    1,260   $     272
     -------------------------------------------------------------------------------------------------------------------------------
          Funded status                                                $         (11)     $      (248)      $       (3)  $     (272)
     -------------------------------------------------------------------------------------------------------------------------------

     Amounts recognized in the balance sheet
          Non-current asset                                            $          88      $         -       $       79   $        -
          Current liability                                                       (8)             (10)              (4)         (10)
          Non-current liability                                                  (91)            (238)             (78)        (262)
     -------------------------------------------------------------------------------------------------------------------------------
                                                                       $         (11)          $ (248)      $       (3)  $     (272)
     -------------------------------------------------------------------------------------------------------------------------------

     Amounts recognized in accumulated
        other comprehensive income
          Net actuarial loss (gain)                                    $         108      $       (28)      $      110   $       33
          Prior service cost                                                      93               22               68           30
     -------------------------------------------------------------------------------------------------------------------------------

                                                                       $         201      $        (6)      $      178   $       63
     ===============================================================================================================================
</TABLE>

     The projected benefit obligation,  accumulated benefit obligation and fair
     value  of plan  assets  for  pension  plans  with an  accumulated  benefit
     obligation  in excess of plan assets at December 31, 2008 and 2007 were as
     follows:

<TABLE>
<CAPTION>
     ===============================================================================================================================
        (Cdn$ in millions)                                                                                        2008          2007
     -------------------------------------------------------------------------------------------------------------------------------
     Accumulated benefit obligation in excess of plan assets
     <S>                                                                                                    <C>          <C>
          Projected benefit obligation                                                                      $      297   $      347
          Accumulated benefit obligation                                                                           285          321
          Fair value of plan assets                                                                                212          269
     ===============================================================================================================================
</TABLE>

- -------------------------------------------------------------------------------
61
<PAGE>

24.  GENERALLY ACCEPTED ACCOUNTING  PRINCIPLES IN CANADA AND THE UNITED STATES,
     CONTINUED

      The  estimated  amounts that will be  amortized  from  accumulated  other
      comprehensive  income  into  net  periodic  benefit  cost in 2009  are as
      follows:

<TABLE>
<CAPTION>
     ==============================================================================================================================
                                                                                                                        Other post-
                                                                                                             Pension     retirement
      (Cdn$ in millions)                                                                                    benefits       benefits
     ------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                       <C>           <C>
      Actuarial (gain) loss                                                                               $        6    $       (1)
      Prior service cost                                                                                          21             6
     ------------------------------------------------------------------------------------------------------------------------------
      Total                                                                                               $       27    $        5
     ==============================================================================================================================
</TABLE>

n)   Fair Value Measurements

     Our  financial  assets and  liabilities  are  measured  at fair value on a
     recurring basis and classified in their entirety based on the lowest level
     of input  that is  significant  to the fair value  measurement.  There are
     three  levels  of fair  value  hierarchy  that  prioritize  the  inputs to
     valuation  techniques  used to  measure  fair  value,  with level 1 inputs
     having the highest priority.  The levels and the valuation techniques used
     to value our financial assets and liabilities are described below:

     Level 1 -    Unadjusted   quoted   prices  in  active   markets  that  are
                  accessible   at   the   measurement   date   for   identical,
                  unrestricted assets or liabilities.

                  Cash equivalents,  including demand deposits and money market
                  instruments,   are  valued   using  quoted   market   prices.
                  Marketable  equity  securities are valued using quoted market
                  prices in active markets, obtained from securities exchanges.
                  Accordingly,  these items are included in level 1 of the fair
                  value hierarchy.

     Level 2 -    Quoted prices in markets that are not active, quoted prices
                  for  similar  assets or  liabilities  in active  markets,  or
                  inputs that are  observable,  either  directly or indirectly,
                  for substantially the full term of the asset or liability.

                  Derivative  instruments  are  included in level 2 of the fair
                  value  hierarchy as they are valued using  pricing  models or
                  discounted  cash flow models.  These models require a variety
                  of inputs,  including, but not limited to, contractual terms,
                  market prices, forward price curves, yield curves, and credit
                  spreads.  These inputs are obtained from or corroborated with
                  the  market  where  possible.  Also  included  in level 2 are
                  settlements   receivable   and   settlements   payable   from
                  provisional   pricing  on  concentrate  sales  and  purchases
                  because  they are  valued  using  quoted  market  prices  for
                  similar  assets and  liabilities  such as the  forward  price
                  curves for copper, zinc and lead.

     Level 3 -    Unobservable  (supported  by little  or no  market  activity)
                  prices.

                  We include  investments in debt  securities in level 3 of the
                  fair value hierarchy because they trade infrequently and have
                  little price transparency.  We review the fair value of these
                  instruments  periodically  and estimate an impairment  charge
                  based on management's best estimates,  which are unobservable
                  inputs.


- -------------------------------------------------------------------------------
62

<PAGE>
24.  GENERALLY ACCEPTED ACCOUNTING  PRINCIPLES IN CANADA AND THE UNITED STATES,
     CONTINUED

     The fair values of our financial  assets and  liabilities  at December 31,
     2008 are summarized in the following table:

<TABLE>
<CAPTION>
     ===============================================================================================================================
                                                              Quoted prices in      Significant
                                                                active markets            other        Significant
                                                                 for identical       observable       unobservable
                                                                        assets           inputs             inputs
     (Cdn$ in millions)                                               (Level 1)        (Level 2)          (Level 3)           Total
     -------------------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                <C>                 <C>              <C>
      Assets
         Cash and cash equivalents                               $         850      $         -         $        -       $      850
         Marketable equity securities                                      104                -                  -              104
         Marketable debt securities                                          -                -                 25               25
         Settlements receivable                                              -              184                  -              184
         Derivative instruments                                              -              195                  -              195
     -------------------------------------------------------------------------------------------------------------------------------
                                                                           954              379                 25            1,358
     -------------------------------------------------------------------------------------------------------------------------------

      Liabilities
         Derivative instruments                                                             252                  -              252
         Settlements payable                                                                  -                141              141
     -------------------------------------------------------------------------------------------------------------------------------
                                                                 $           -      $       393         $        -       $      393
     ===============================================================================================================================
</TABLE>

o)   Proportionate Consolidation

     US GAAP requires  investments  in joint ventures to be accounted for under
     the  equity  method,  while  under  Canadian  GAAP the  accounts  of joint
     ventures  are  proportionately  consolidated.  All of our  joint  ventures
     qualify for the Securities and Exchange Commission's accommodation,  which
     allows us to continue to follow  proportionate  consolidation.  Additional
     information  concerning  our  interests in joint  ventures is presented in
     Note 18.

p)   Debt Issuance Costs

     Under Canadian GAAP,  short-term and long-term debt are initially recorded
     at total  proceeds  received less direct  issuance  costs.  Under US GAAP,
     direct issuance costs are recorded separately as an asset.

q)   Recent US Accounting Pronouncements

     i.   Business Combinations

     In  December  2007 the FASB issued FAS  141(R),  "Business  Combinations,"
     which replaces FAS 141 prospectively for business combinations consummated
     in the fiscal year  commencing  after the  effective  date of December 15,
     2008.  Early  adoption  is  not  permitted.  Under  FAS  141(R),  business
     acquisitions are accounted for under the "acquisition method," compared to
     the "purchase method" mandated by FAS 141.

     The  standard  also  presents  revised  guidance  for a number  of  areas,
     including the measurement of assets  acquired,  liabilities  assumed,  and
     non-controlling  interest  in an  acquisition  of  less  than  100% of the
     acquiree,  the  definition of a business for the purpose of  acquisitions,
     the  measurement  date for equity  interests  issued by the acquirer,  the
     adjustment  of income tax estimates in the  acquisition,  the treatment of
     acquisition-related costs of the acquirer, and the disclosure requirements
     around the nature and financial effects of the business combination.  This
     statement   will  affect  our  financial   statements   for  any  business
     combinations commencing in 2009.


- -------------------------------------------------------------------------------
                                                                             63

<PAGE>

24.  GENERALLY ACCEPTED ACCOUNTING  PRINCIPLES IN CANADA AND THE UNITED STATES,
     CONTINUED

     ii.  Non-controlling Interests in Consolidated Financial Statements

     In December  2007 the FASB issued FAS 160,  "Non-controlling  Interests in
     Consolidated  Financial  Statements,"  which is effective  for fiscal year
     2009. Under FAS 160, non-controlling interests are measured at 100% of the
     fair value of assets  acquired  and  liabilities  assumed.  Under  current
     standards,  the  non-controlling  interest is measured at book value.  For
     presentation  and  disclosure  purposes,   non-controlling  interests  are
     classified as a separate component of shareholders' equity.

     In  addition,  FAS 160 revises how changes in  ownership  percentages  are
     accounted for, including when a parent company deconsolidates a subsidiary
     but retains a non-controlling  interest. As well, attribution of losses to
     the  non-controlling  interests  is no  longer  limited  to  the  original
     carrying amount.

     The  provisions  of FAS  160  are to be  applied  prospectively  with  the
     exception of the presentation and disclosure  provisions,  which are to be
     applied for all prior periods presented in the financial statements. Early
     adoption is not  permitted.  We are  currently  evaluating  the  potential
     effect of adopting this statement on our financial statements.

     iii. Disclosures about Derivative Instruments and Hedging Activities

     In March 2008,  the FASB  issued FAS 161,  "Disclosures  about  Derivative
     Instruments  and Hedging  Activities - an amendment of FASB  Statement No.
     133," which requires  entities to provide enhanced  disclosures  about (a)
     how and why an entity  uses  derivative  instruments,  (b) how  derivative
     instruments  and related  hedged items are accounted for under FAS 133 and
     its  related  interpretations,  and (c)  how  derivative  instruments  and
     related  hedged items  affect an entity's  financial  position,  financial
     performance  and cash flows.  We are  currently  evaluating  the potential
     effect of adopting this standard on our note disclosures.

     iv.  Equity Method Investment Accounting

     In November  2008,  the FASB  issued  EITF Issue No.  08-6  "Equity-Method
     Investment  Accounting."  EITF 08-6 concludes that the cost basis of a new
     equity-method  investment  would be determined  using a  cost-accumulation
     model, which would continue the practice of including transaction costs in
     the  cost  of  investment  and  would  exclude  the  value  or  contingent
     consideration.   Equity   method   investments   should  be   subject   to
     other-than-temporary  impairment analysis. It also requires that a gain or
     loss be recognized on the portion of the investor's  ownership  sold. EITF
     08-6 is effective for fiscal years  beginning  after December 15, 2008. We
     are currently  evaluating the effect the adoption of this ETIF may have on
     our financial statements.

     v.   Employers' Disclosures about Post-retirement Benefit Plan Assets

     In  December  2008,   the  FASB  issued  FSP  FAS  132(R)-1,   "Employers'
     Disclosures about Post-retirement  Benefit Plan Assets",  which amends FAS
     132 and provides  guidance on an employer's  disclosures about plan assets
     of a  defined  benefit  pension  or other  post-retirement  plan.  FSP FAS
     132(R)-1  requires  employers to consider  certain  overall  objectives in
     providing   disclosures   about  plan  assets   including  how  investment
     allocation  decisions are made, the major  categories of plan assets,  the
     inputs and  valuation  techniques  used to measure  the fair value of plan
     assets,   the  effect  of  fair  value   measurements   using  significant
     unobservable  inputs  on  changes  in  plan  assets  for  the  period  and
     significant concentrations of risk within plan assets. FSP FAS 132(R)-1 is
     effective  for  disclosures  about plan assets  provided  for fiscal years
     ending after December 15, 2009. We are currently  evaluating the potential
     effect of adopting this standard on our note disclosures.


- -------------------------------------------------------------------------------
64
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>16
<FILENAME>ex99-3_form40f2008.txt
<DESCRIPTION>EXHIBIT 99.3
<TEXT>

                                                                    EXHIBIT 99.3
                                                                    ------------


MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL POSITION
AND OPERATING RESULTS

The  management's  discussion and analysis of financial  position and operating
results is prepared as at March 4, 2009 and should be read in conjunction  with
our audited  consolidated  financial statements and the notes thereto as at and
for the year ended December 31, 2008. Unless the context otherwise dictates,  a
reference to Teck,  Teck Cominco,  the Company,  us, we or our,  refers to Teck
Cominco  Limited and its  subsidiaries  including  Teck Cominco  Metals Ltd.; a
reference to TCML refers to Teck Cominco Metals Ltd. and its subsidiaries;  and
a  reference  to Aur or Aur  Resources  refers to Aur  Resources  Inc.  and its
subsidiaries.  All dollar  amounts are in Canadian  dollars,  unless  otherwise
specified,  and are based on our  consolidated  financial  statements  that are
prepared in accordance with Canadian generally accepted  accounting  principles
(GAAP). The effect of significant  differences between Canadian and US GAAP are
disclosed  in  note  24  to  our  consolidated  financial  statements.  Certain
comparative  amounts  have been  reclassified  to conform  to the  presentation
adopted  for 2008.  In  addition,  in May 2007 our  Class A common  and Class B
subordinate  voting shares were split on a two-for-one  basis.  All comparative
figures related to outstanding  shares and per share amounts have been adjusted
to reflect the share split.

This  management  discussion  and  analysis  contains  certain  forward-looking
information and  forward-looking  statements.  You should review the cautionary
statement  on  forward-looking   information  under  the  caption  "Caution  on
Forward-Looking Information".

Additional  information about us, including our most recent annual  information
form,  is  available  free of charge on our  website  at  www.teck.com,  on the
Canadian Securities  Administrators'  website at www.sedar.com and on the EDGAR
section of the United States Securities and Exchange Commission's (SEC) website
at www.sec.gov.

BUSINESS UNIT RESULTS

The table below shows our share of production of our major  commodities for the
last five years and expected production for 2009.

FIVE-YEAR PRODUCTION RECORD AND 2009 PLAN (OUR PROPORTIONATE SHARE)

<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
                                              Units                                                                      2009
                                              (000's)      2004        2005         2006        2007        2008         Plan
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                           <C>        <C>          <C>          <C>         <C>         <C>         <C>
Principal Products
  Copper contained in concentrate             tonnes        248         263          254         215         206          230
  Copper cathodes                             tonnes          -           -            -          37         107          100
                                                       -----------------------------------------------------------------------------
                                                            248         263          254         252         313          330
                                                       -----------------------------------------------------------------------------

  Metallurgical coal
    Direct share                              tonnes      9,277       9,948        8,657       9,024      11,282       20,000
    Indirect share                            tonnes      1,386       1,376        1,147       1,552       2,345            -
                                                       -----------------------------------------------------------------------------
                                                         10,663      11,324        9,804      10,576      13,627       20,000
                                                       -----------------------------------------------------------------------------

  Refined zinc                                tonnes        413         223          296         292         270          270
  Zinc contained in concentrate               tonnes        619         657          627         699         663          690

  Gold                                        ounces        261         245          263         285         279          160

Major by-Products
  Molybdenum contained in concentrate         pounds     11,631       9,482        7,929       7,133       7,119        8,500
  Refined lead                                tonnes         85          69           90          76          85           85
  Lead contained in concentrate               tonnes        119         110          129         146         133          125
===================================================================================================================================
</TABLE>

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis    1

<PAGE>

Notes to five-year production record and 2009 plan:

(1)   In August 2007, we acquired the Quebrada Blanca,  Andacollo and Duck Pond
      mines as a result  of our  acquisition  of Aur  Resources  Inc.  Quebrada
      Blanca and Andacollo  produce cathode  copper.  Duck Pond produces copper
      and zinc  concentrates.  In March 2004,  we increased our interest in the
      Highland  Valley  Copper mine from 63.9% to 97.5%.  We report 100% of the
      production of Quebrada Blanca and Andacollo, even though we own 76.5% and
      90%,  respectively of these operations because we fully consolidate their
      results in our financial statements.

(2)   The direct share of coal production  includes our proportionate  share of
      production  from the Teck Coal  Partnership  (formerly  Elk  Valley  Coal
      Partnership), which was 35% on February 28, 2003 and increased in various
      increments to 40% on April 1, 2006. Fording Canadian Coal Trust (Fording)
      owned the remaining  interest in the Teck Coal Partnership.  The indirect
      share of coal production was from our investment in units of Fording.  We
      owned approximately 9% of Fording from February 28, 2003 to September 27,
      2007 and on  September  27,  2007  increased  our  interest in Fording to
      19.95%. In October 2008, we acquired all of the assets of Fording,  which
      consisted primarily of its 60% interest in the Teck Coal Partnership.

(3)   In April 2007,  our Lennard  Shelf zinc mine and Pogo gold mine  achieved
      commercial  production.  The Lennard Shelf zinc mine ceased production in
      August 2008.

(4)   In 2005,  refined zinc and lead  production was affected by a three-month
      strike at our Trail metallurgical operation. In December 2004 we sold our
      Cajamarquilla zinc refinery.

(5)   Gold  production  for 2009  assumes  completion  of the sale of our Hemlo
      mines that was announced in February, 2009.

(6)   Asset sales and  financing  transactions  may affect our 2009  production
      plans and all 2009  production  estimates  are subject to change based on
      market conditions.


Our business is the  exploration  for and development and production of natural
resources. Through our interests in mining and processing operations in Canada,
the United States and South America we are an important  producer of copper and
the world's second largest zinc miner. We hold a 100% direct  ownership in Teck
Coal, the world's second largest producer of seaborne high quality coking coal.
Our principal  products are copper,  metallurgical  coal, zinc and gold.  Lead,
molybdenum,  various specialty and other metals,  chemicals and fertilizers are
by-products  produced at our operations.  We also sell electrical power that is
surplus to the requirements of our Trail metallurgical operations and own a 20%
interest in the Fort Hills oil sands  project  and a 50%  interest in other oil
sands leases in the Athabasca region of Alberta, Canada.

We manage our activities  along commodity lines and are organized into business
units as follows:

     COPPER       COAL        ZINC       GOLD       ENERGY       CORPORATE

Our energy business unit consists of our investments in our oil sands projects,
which are in various  stages of  exploration  and  development.  We continue to
regard  the Fort  Hills oil sands  project as an  attractive  long-term  asset.
However,  in light of the significant  cost of participation in a near-term oil
sands  project  at this  stage of the  business  and  commodity  cycle,  we are
exploring strategic  alternatives.  Our corporate business unit includes all of
our  activities in other  commodities,  our corporate  growth  initiatives  and
groups that provide administrative,  technical,  financial and other support to
all of our business units.

Average commodity prices and exchange rates for the past three years, which are
a key driver of our earnings, are summarized in the following table.

<TABLE>
<CAPTION>
                                                               US$                                        CDN$
====================================================================================================================================
                                                           %                 %                       %                  %
                                              2008       chg     2007      chg    2006    2008     chg     2007       chg     2006
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                           <C>      <C>       <C>      <C>     <C>     <C>     <C>       <C>      <C>     <C>
Copper (LME Cash-$/pound)                     3.17       -2%     3.23      +6%    3.05    3.37      -3%     3.46        -    3.45
Molybdenum (Platts*-$/pound)                    29       -3%       30     +20%      25      31      -3%       32     +14%      28
Coal (realized-$/tonne)                        205     +109%       98     -13%     113     220    +110%      105     -20%     131
Zinc (LME Cash-$/pound)                       0.85      -42%     1.47      -1%    1.49    0.91     -42%     1.57      -7%    1.68
Lead (LME Cash-$/pound)                       0.95      -19%     1.17     +98%    0.59    1.01     -19%     1.25     +87%    0.67
Gold (LME PM Fix-$/ounce)                      872      +25%      697     +15%     604     931     +25%      746      +9%     683
Exchange rate (Bank of Canada)
    US$1 = CDN$                               1.07        -%     1.07      -5%    1.13
    CDN$1 = US$                               0.93        -%     0.93      +6%    0.88
====================================================================================================================================
</TABLE>
* Published major supplier selling price in Platts Metals Week.


- -------------------------------------------------------------------------------
2    Teck 2008 Management's Discussion and Analysis

<PAGE>

Our revenue and  operating  profit  before  depreciation  and  amortization  by
business unit is summarized in the following table.

<TABLE>
<CAPTION>
====================================================================================================================================
                                                                Revenues                    Operating Profit before Depreciation
                                                                                                     and Amortization *
- ------------------------------------------------------------------------------------------------------------------------------------
($ in millions)                                         2008          2007          2006          2008          2007          2006
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                  <C>           <C>           <C>           <C>           <C>           <C>
Copper                                               $ 2,156       $ 2,186       $ 2,220       $ 1,146       $ 1,459       $ 1,697
Coal                                                   2,428           951         1,177         1,226           249           483
Zinc                                                   2,071         3,052         2,999           439         1,328         1,614
Gold                                                     249           182           143            84            35            31
- ------------------------------------------------------------------------------------------------------------------------------------
Total                                                $ 6,904       $ 6,371       $ 6,539       $ 2,895       $ 3,071       $ 3,825
====================================================================================================================================
</TABLE>

*    Operating  profit  before  depreciation  and  amortization  is a  non-GAAP
     financial  measure.  See USE OF NON-GAAP  FINANCIAL  MEASURES  section for
     further information.

COPPER

2008 PRODUCTION: 313,000 TONNES

In 2008, we produced copper  concentrates at Highland Valley Copper,  Duck Pond
and at Antamina, in which we have a joint-venture interest. Our Quebrada Blanca
and Carmen de Andacollo  mines in Chile  produce  cathode  copper.  Significant
by-product  zinc was produced in  concentrates  at both Duck Pond and Antamina,
and  by-product  molybdenum  in  concentrates  at  Highland  Valley  Copper and
Antamina.

During the year, we acquired the Relincho  copper  project in Chile through our
acquisition  of Global  Copper Corp.  We also  advanced  low-risk,  high return
capital  projects  that  will  increase  production  or mine  life at Carmen de
Andacollo  and  Highland  Valley  Copper,   and  completed  an  estimate  of  a
significant inferred resource at Quebrada Blanca.

Copper Production           Average Copper Price             Operating Profit
(000 tonnes)                       ($/lb)                    ($ in millions)*

[GRAPHIC OMITTED]           [GRAPHIC OMITTED]                [GRAPHIC OMITTED]

                               Copper Production
                                 (000 tonnes)
                               -----------------

                             2004       2005       2006       2007       2008
- ------------------------------------------------------------------------------
Contained in concentrate     247.6       263        254        215        206
Cathodes                                                        37        107

                              Average Copper Price
                                    ($/lb)
                              -------------------


                             2004       2005       2006       2007       2008
- ------------------------------------------------------------------------------
US Dollars                   1.35       1.67       3.05       3.23       3.17
Canadian Dollars             1.76       2.02       3.45       3.46       3.37

                                Operating Profit
                               ($ in millions)*
                               ----------------

                             2004       2005      2006        2007       2008
- ------------------------------------------------------------------------------
Contained in concentrate      730       1110      1697        1459       1146

*  Before depreciation and amortization


In 2008, our copper operations  accounted for 31% of our revenue and 40% of our
operating profit before depreciation and amortization.

<TABLE>
<CAPTION>
====================================================================================================================================
                                                                                           Operating Profit Before Depreciation and
                                                                 Revenues                                Amortization
- ------------------------------------------------------------------------------------------------------------------------------------
($ in millions)                                           2008          2007         2006           2008          2007          2006
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                     <C>          <C>          <C>              <C>          <C>          <C>
Highland Valley Copper                                  $  789       $ 1,115      $ 1,413          $ 426        $  776       $ 1,065
Antamina                                                   569           775          807            368           597           632
Quebrada Blanca                                            574           215            -            267            71             -
Andacollo                                                  142            46            -             72             9             -
Duck Pond                                                   82            35            -             13             6             -
- ------------------------------------------------------------------------------------------------------------------------------------
Total                                                  $ 2,156       $ 2,186      $ 2,220         $1,146        $1,459       $ 1,697
====================================================================================================================================
</TABLE>

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis    3

<PAGE>

<TABLE>
<CAPTION>
====================================================================================================================================
                                                                Production                                   Sales
- ------------------------------------------------------------------------------------------------------------------------------------
(000's tonnes)                                            2008          2007         2006           2008          2007          2006
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                        <C>           <C>          <C>            <C>           <C>           <C>
Highland Valley Copper                                     116           136          167            119           137           180
Antamina                                                    77            74           87             76            74            87
Quebrada Blanca                                             86            30            -             85            32             -
Andacollo                                                   21             7            -             21             7             -
Duck Pond                                                   13             5            -             13             5             -
- ------------------------------------------------------------------------------------------------------------------------------------
Total                                                      313           252          254            314           255           267
====================================================================================================================================
</TABLE>

MARKETS

Copper

While most base  metal  prices  peaked in 2007 and have since been in  decline,
copper  prices  peaked in July 2008 at an all time high of  US$4.07  per pound.
However,  during the last half of the year the price fell 69%,  resulting in an
average  annual  price of US$3.17 per pound in 2008.  This was slightly off the
2007 average of US$3.23 per pound.

In China, apparent annual consumption,  as reported by the International Copper
Study  Group  (ICSG),  was up 13%,  lower than their 2007  growth of 26%.  Weak
demand early in 2008 in Europe,  the United States and Japan  accelerated  as a
lack of confidence in global financial markets caused a pull back in investment
and spending around the world.

Copper  mine  supply was again  affected by large  unexpected  mine  production
losses.  In 2007,  global copper mine production losses from plan totalled over
1.0 million  tonnes of  contained  copper due to lower  grade ores,  labour and
weather  disruptions,  and  equipment  problems.  In  2008,  we  believe  these
disruptions   totalled  close  to  1.3  million  tonnes  of  contained  copper.
Announcements  of  economic  and  grade-related  production  cuts  for 2009 are
already more than 1.2 million tonnes of contained copper.

Copper  stocks on the London  Metals  Exchange  (LME) fell in the first half of
2008 by 40% to just over  100,000  tonnes.  Since the middle of July 2008,  LME
stocks nearly tripled to 340,000  tonnes,  the highest levels since early 2004.
Copper stocks on Shanghai Futures Exchange increased early in the year, up over
180%,  to a high of 68,000  tonnes,  but by the end of the year,  stood at only
18,000  tonnes.  At the end of 2008,  total global stocks were up 90,000 tonnes
compared to 2007, year end. Total global stocks (producer,  consumer,  merchant
and  terminal  stocks)  stood at 30 days of global  consumption  while  25-year
average levels are estimated at 32 days of global consumption.


COPPER PRICE AND
  LME INVENTORY            GLOBAL DEMAND FOR COPPER      REPORTED COPPER STOCKS

[GRAPHIC OMITTED]             [GRAPHIC OMITTED]            [GRAPHIC OMITTED]


                        Copper Price and LME Inventory
                        ------------------------------

                                 US$/pound   Tonnes (000's)
                  -----------------------------------------
                    Jan-04          1.10          363.6
                    Feb-04          1.25          285.2
                    Mar-04          1.36          189.2
                    Apr-04          1.34          152.7
                    May-04          1.24          133.9
                    Jun-04          1.22          104.6
                    Jul-04          1.27           88.5
                    Aug-04          1.29          105.0
                    Sep-04          1.31           93.6
                    Oct-04          1.37           78.9
                    Nov-04          1.42           60.0
                    Dec-04          1.43           48.9
                    Jan-05          1.44           45.7
                    Feb-05          1.48           54.0
                    Mar-05          1.53           44.8
                    Apr-05          1.54           60.0
                    May-05          1.47           45.2
                    Jun-05          1.60           29.5
                    Jul-05          1.64           30.9
                    Aug-05          1.72           65.7
                    Sep-05          1.75           83.3
                    Oct-05          1.84           62.6
                    Nov-05          1.94           71.2
                    Dec-05          2.08           89.6
                    Jan-06          2.15           97.6
                    Feb-06          2.26          108.9
                    Mar-06          2.31          121.9
                    Apr-06          2.90          117.7
                    May-06          3.65          112.2
                    Jun-06          3.26           93.6
                    Jul-06          3.50           97.5
                    Aug-06          3.49          125.4
                    Sep-06          3.45          117.6
                    Oct-06          3.40          130.5
                    Nov-06          3.19          155.4
                    Dec-06          3.03          182.8
                    Jan-07          2.57          211.8
                    Feb-07          2.57          208.0
                    Mar-07          2.93          178.1
                    Apr-07          3.52          157.2
                    May-07          3.48          128.9
                    Jun-07          3.39          114.7
                    Jul-07          3.62          101.8
                    Aug-07          3.41          139.1
                    Sep-07          3.47          130.8
                    Oct-07          3.63          167.0
                    Nov-07          3.16          189.2
                    Dec-07          2.99          197.5
                    Jan-08          3.20          178.8
                    Feb-08          3.58          143.7
                    Mar-08          3.83          112.5
                    Apr-08          3.94          110.5
                    May-08          3.80          125.0
                    Jun-08          3.75          122.6
                    Jul-08          3.82          142.4
                    Aug-08          3.46          204.0
                    Sep-08          3.17          198.6
                    Oct-08          2.23          230.7
                    Nov-08          1.68          291.7
                    Dec-08          1.39          339.8

                           Global Demand for Copper
                           ------------------------

                              Rest of the World              China
           -----------------------------------------------------------
           1982                     8.649                    0.380
           1983                     8.723                    0.380
           1984                     9.543                    0.390
           1985                     9.295                    0.420
           1986                     9.625                    0.450
           1987                     9.944                    0.470
           1988                    10.010                    0.465
           1989                    10.359                    0.528
           1990                    10.360                    0.512
           1991                    10.182                    0.590
           1992                    10.100                    0.911
           1993                    10.051                    0.984
           1994                    10.756                    0.798
           1995                    10.894                    1.152
           1996                    11.306                    1.276
           1997                    11.815                    1.269
           1998                    12.046                    1.422
           1999                    12.764                    1.506
           2000                    13.253                    1.877
           2001                    12.546                    2.357
           2002                    12.382                    2.775
           2003                    12.624                    3.097
           2004                    13.463                    3.565
           2005                    13.120                    3.815
           2006                    13.547                    3.967
           2007                    13.248                    4.600
           2008                    13.278                    4.807

                            Reported Copper Stocks
                            ----------------------

                         Tonnes            Days           25 yr average
      -------------------------------------------------------------------
      2004                884               19               32
      2005                860               19               32
      2006               1119               24               32
      2007               1421               29               32
      2008               1479               30               32



Continued  increases  in China's  smelting  capacity  pushed the global  copper
concentrate market further into deficit.  Although a surplus of copper metal is
expected in the global  marketplace in 2009, a continuation  of mine production
disruptions could again push the metal market into deficit.

MOLYBDENUM

Molybdenum  prices  averaged  US$29 per pound in 2008,  slightly  lower than in
2007.  Molybdenum  prices  started the year at US$32.50  per pound and remained
between  US$30 and US$33 per pound until the end of October when within a month
they dropped by 70% to US$9 per pound.

- -------------------------------------------------------------------------------
4    Teck 2008 Management's Discussion and Analysis

<PAGE>

Chinese exports remained  restricted as quotas were again reduced.  Global mine
production  was estimated to be below demand in 2008, and proposed new projects
were not due into the market until at least late 2009.  Many of these  projects
have now been deferred or delayed.

In late  September,  a global  decline in the demand  for steel  resulted  in a
dramatic and swift series of  production  cuts  designed to offset rising steel
inventories. These production cuts resulted in the deferral and cancellation of
many supply contracts to the steel industry. Although molybdenum was one of the
last  inputs  affected,   the  rapid  liquidation  of  high  priced  molybdenum
inventories caused the most significant decline of any metal in 2008.

With molybdenum  prices trading below US$10 per pound going into 2009,  several
major  projects  have  announced  economic  delays  and  deferrals.  Junior and
developing  primary  molybdenum  miners are now finding it  difficult  to raise
necessary  financing.  The  lack  of  investment  in new  projects  could  have
long-term effects on supply when demand recovers.


OPERATIONS

Highland Valley Copper Mine

We have a 97.5% interest in Highland  Valley  Copper,  located in south central
British  Columbia.  Operating  profit before  depreciation and amortization was
$426  million in 2008  compared  with $776  million in 2007 and $1.1 billion in
2006. The reduction in Highland  Valley's 2008 operating  profit was due mainly
to a 13% decrease in copper sales volumes driven by the lower production levels
and negative pricing adjustments of $185 million compared with positive pricing
adjustments of $18 million in 2007.

Highland  Valley  Copper is  executing a  two-phase  mine life  extension  that
requires  push backs of the east and west walls of the Valley  pit,  which will
facilitate  mining until 2019.  East wall  stripping will be completed in 2009,
enabling mining to 2013 with average production of 125,000 tonnes of copper per
year.  West wall  stripping  will start in late 2009,  although the majority of
west wall stripping originally planned for 2009 has been deferred to 2010. West
wall stripping is scheduled for completion in 2013. Mining equipment, including
two shovels,  eight haul trucks, a production loader, and several large support
equipment  units were added to the mine's fleet in 2008,  properly  positioning
Highland Valley to execute the life of mine plan extension requirements.

Highland  Valley's 2008 copper  production  was 119,300  tonnes,  which was 14%
lower than in 2007.  The lower  production  was due to a higher  proportion  of
material in the feed from the Lornex pit and the mill  processed  lower  grade,
softer ore in 2008 at lower  recoveries.  Molybdenum  production  was  slightly
higher than 2007 levels at 4.2 million pounds.

During the first half of 2009,  Highland  Valley Copper will continue to draw a
large  proportion of  clay-bearing  ore from the Lornex pit and  recoveries are
expected to remain  similar to 2008 levels.  Recoveries are expected to improve
to between  86% and 88% in the second  half of the year,  together  with higher
copper  grades.  Highland  Valley's  production in 2009 is estimated at 130,000
tonnes of copper and 6.5 million pounds of molybdenum.

Antamina Mine

We have a 22.5%  interest in the Antamina mine, a large copper and zinc mine at
high  elevation in Peru.  Our partners are BHP Billiton  (33.75%),  Xstrata plc
(33.75%) and Mitsubishi Corporation (10%). Our share of operating profit before
depreciation  and  amortization  was $368  million in 2008  compared  with $597
million in 2007 and $632  million in 2006.  The  reduction in  Antamina's  2008
operating  profit  compared with 2007 was due mainly to lower average  realized
metal prices, and higher operating and distribution costs.

Antamina's  copper  production in 2008 was 343,700 tonnes, or 4% higher than in
2007. Zinc production increased by 19% to 347,800 tonnes in 2008 as a result of
higher ore grades and the processing of a greater amount of copper-zinc ores in
the year.  Molybdenum production totalled 13.4 million pounds, 5% lower than in
2007. Ore throughput was affected by a winding  failure in the Semi  Autogenous
Grinding  (SAG) mill motor in late 2007 and early in 2008,  requiring mill down
time and reduced milling rates throughout the year.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis    5

<PAGE>

Antamina  engaged in several  major  projects  during 2008,  including  further
raising  of the  tailings  dam,  finalization  and  commissioning  of a  pebble
crushing circuit,  commencement of new camp facilities, and the pre-feasibility
study of a significant expansion of milling and flotation capacity.  Antamina's
production in 2009 is expected to be 335,000  tonnes of copper,  400,000 tonnes
of zinc and 9 million pounds of molybdenum.

Work will continue on a SAG mill by-pass that will allow continued operation of
the ore  processing  circuit  during repair and  replacement  of SAG mill motor
components,  and the potential  expansion  project will be  progressed  through
further study and engineering design.

Quebrada Blanca Mine

Quebrada Blanca is located in northern Chile,  240 kilometres  southeast of the
City of Iquique,  at 4,400 metres  elevation.  We own 76.5% of Quebrada Blanca.
Our partners are Inversiones  Mineras S.A. (IMSA) 13.5% and Empresa Nacional de
Minera  (ENAMI) 10%. The  operation  mines ore from an open pit and leaches the
ore to produce  copper  cathodes  via a  conventional  solvent  extraction  and
electro-winning  processes  (SX-EW).  Plant capacity is 85,000 tonnes per year.
Operating profit before  depreciation and amortization was $267 million in 2008
compared  with  $71  million  in 2007  when  operating  results  reflected  our
ownership  from late August 2007. In addition,  we also recorded a $149 million
impairment charge against the goodwill allocated to Quebrada Blanca as a result
of the decline in copper prices.

The  Quebrada  Blanca  supergene  ore body has a mine life to 2014 with cathode
production  continuing until 2016.  Production from Quebrada Blanca in 2008 was
85,400 tonnes  representing  a new  production  record.  Similar  production is
expected for 2009.

Approximately  30,000 metres of in-fill drilling was completed to better define
the hypogene  resources  below the existing  supergene  pit. In March 2008,  we
announced a new 1.03 billion tonne  inferred  resource  grading 0.5% copper and
0.020%  molybdenum,  representing 11 billion pounds of contained copper and 450
million pounds of contained molybdenum.

A scoping study was commenced to evaluate development alternatives for a future
concentrator to exploit the hypogene  resource.  This work includes  evaluating
alternative  plant site  locations,  water supply  alternatives,  power supply,
concentrate  pipeline  routes and  potential  port sites.  The scoping study is
expected to be  completed  at the end of the first  quarter of 2009.  A limited
program including additional drilling and metallurgical  testing is planned for
2009.  As part of our capital  spending  reductions  for 2009, we have deferred
further work on the study for the potential hypogene project.

Carmen De Andacollo Mine

We have a 90%  interest  in Carmen de  Andacollo  mine in  Chile,  located  350
kilometres north of Santiago,  with the remaining 10% owned by ENAMI. Operating
profit before  depreciation  and  amortization was $72 million in 2008 compared
with $9 million in 2007 when  operating  results  reflected our ownership  from
late August 2007.  In  addition,  we also  recorded a $186  million  impairment
charge against the goodwill allocated to Carmen de Andacollo as a result of the
decline in copper prices.

Carmen de  Andacollo  was  awarded  the John T. Ryan  award in 2008 for  safety
performance  in 2007.  At the end of 2008,  the mine had  recorded  three years
without a lost-time accident.

Carmen de Andacollo  produced  21,100 tonnes of copper  cathode in 2008,  while
sales  volumes  were  similar  at 20,900  tonnes.  The  mine's  cathode  copper
production for 2009 is estimated at 17,000 tonnes.

The  development  of Carmen de Andacollo's  concentrate  project is progressing
according to plan. The  development  consists of the  construction  of a 55,000
tonne per day  concentrator  and  tailings  facility and is expected to produce
76,000  tonnes  (168  million  pounds) of copper  and 53,000  ounces of gold in
concentrate  annually,  on average, over the first 10 years of the project. The
capital  cost  forecast  for the  project  is US$410  million  using US$1 = 535
Chilean  pesos  exchange  rate,  of which  US$249  million  has been spent from
inception to December 31, 2008. The project is expected to be  commissioned  in
the fourth quarter of 2009 and achieve commercial  production in the first half
of 2010.

- -------------------------------------------------------------------------------
6    Teck 2008 Management's Discussion and Analysis
<PAGE>

Duck Pond Operations

The Duck Pond  copper-zinc  operation  is located in central  Newfoundland  and
achieved  commercial  production in April 2007.  Duck Pond's  operating  profit
before  depreciation  and amortization was $13 million in 2008 compared with $6
million in 2007 when operating results reflected our ownership from late August
2007.  In  addition,  we also  recorded an  impairment  charge of $116  million
against  Duck Pond and wrote off $10  million  of  goodwill  as a result of the
decline in copper and zinc prices and the mine's short life.

Copper  production  was 12,800 tonnes while zinc  production was 19,000 tonnes.
Mill throughput and recovery targets were not achieved due to lack of available
ore feed from the underground  workings.  Production was also affected by lower
than planned feed grades due to dilution.

Development of the lower ore zones is expected to be complete by the end of the
second quarter of 2009, which will allow access to new production  areas.  Duck
Pond's  production  in 2009 is estimated at 17,000  tonnes of copper and 25,000
tonnes of zinc in concentrate.

TECHNOLOGY

Cominco Engineering Services Ltd. (Cesl)

Our  proprietary  hydrometallurgical  technology  has been  developed over many
years by CESL to  provide  an  environmentally  superior  method  for  treating
copper,  copper-gold and nickel-copper  concentrates,  particularly  those that
present  challenges  to  conventional  smelting due to their  composition.  Our
efforts are focused on the final  commissioning and start-up of the Vale 10,000
tonne per year copper plant in Carajas, Brazil, and the development and testing
of an appropriate flow sheet to process a bulk  copper-nickel  concentrate from
Mesaba in northern Minnesota. We continue to make process improvements,  and to
pursue  internal and third party  opportunities  where the CESL process and the
expertise  of  our  staff  can  offer  economic  solutions  for  projects  with
challenging metallurgical issues or other logistical problems.

EXPLORATION AND DEVELOPMENT

Chile,  Turkey,  Canada, the United States,  Mexico,  Peru, Brazil,  Argentina,
Australia and Namibia were the main jurisdictions for porphyry copper, porphyry
copper-gold,  sediment hosted copper, and iron oxide copper-gold exploration in
2008.  Approximately  $78 million in project  costs were incurred on our copper
projects in 2008.  Expenditures  on copper  exploration  will be  significantly
reduced in 2009 with the main focus on Chile.

Galore Creek Project

In August 2007, we formed a 50/50  partnership with NovaGold  Resources Inc. to
develop the Galore Creek  copper-gold  deposit in northwest  British  Columbia.
After  suspending  construction  activities  in November 2007 due to escalating
cost estimates and reduced  operating  margins,  studies were initiated in 2008
aimed at re-evaluating  and optimizing the project by defining a more realistic
and lower risk  development  alternative.  Alternative  plant site and tailings
locations were evaluated.

In February 2009, we amended certain  provisions of the  partnership  agreement
relating  to the  Galore  Creek  Project.  Under  the  amended  agreement,  our
remaining  committed  funding on Galore Creek has been reduced to approximately
$36 million,  which must be  contributed  by December  31,  2012.  While we are
making these  committed  contributions,  which will  represent  100% of project
funding,  we will have a casting vote on the Galore Creek management  committee
with respect to the timing and nature of expenses to be funded. The new funding
arrangements  replace the arrangements agreed by to us and NovaGold in November
2007,  pursuant to which we had committed to spend an additional $72 million on
studies to reassess the Galore Creek  Project,  of which $15.8 million had been
spent to December 31, 2008,  in addition to our share of other  project  costs.
The project remains on care and maintenance.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis    7
<PAGE>

Relincho Project

The Relincho copper project, located in central Chile, was acquired from Global
Copper Corp. in August 2008. A total of 49,100  metres of in-fill  drilling was
completed on the property in 2008.  In the third  quarter,  a scoping study was
initiated  to  investigate  various  development   alternatives,   to  identify
potential  power and water  sources,  and to  consider  access and  concentrate
transport aspects.  The scoping study is expected to be completed at the end of
the first quarter of 2009.

Mesaba Project

A variety  of work was  carried  out on the  Mesaba  copper-nickel  project  in
northern  Minnesota  in 2008. A total of 13,900  metres of resource  definition
drilling  was  completed  in 2008.  Drilling  was also  carried  out to provide
material for a bulk sample.  This sample was treated at a research  facility in
Minnesota  to  produce  nine  tonnes  of  copper-nickel  concentrate  which was
delivered to our CESL test facility. This sample is being processed through the
hydrometallurgical  pilot plant at CESL to assess the  feasibility of treatment
for the production of copper and nickel.

Carrapateena Project

A preliminary scoping study was carried out to assess the potential development
of an  underground  copper-gold  mine at the  Carrapateena  property  in  South
Australia.  Drilling on the project was completed in February  2008. A resource
update was completed in the fall.  The  mineralized  zone occurs at depths from
500 to 1,000 metres which precludes open pit mining.  Preliminary metallurgical
test work,  environmental  baseline  studies  and capital  and  operating  cost
estimates were carried out as part of the study.

We have the right to  acquire  100% of the  project  by making a payment to the
vendor equal to 66% of its fair market  value with credit for our  expenditures
on the project to date.  We are in  discussions  with the vendor  regarding the
exercise of our option.

Petaquilla

In March  2008,  we  exercised  our right to acquire a 26%  interest  in Minera
Petaquilla  S.A.  (MPSA),  the  Panamanian  company  that holds the  Petaquilla
concession, by committing to participate in development work plans and budgets.
We agreed  with Inmet  Mining  Corporation  (Inmet),  which  holds a 48% equity
interest in MPSA, on an interim basis,  that Inmet would act as the operator of
the project and would fund project expenditures on our behalf.

In 2008,  Inmet  acquired all of the  outstanding  common  shares of Petaquilla
Copper Ltd.,  which owns a 26% interest in MPSA.  As part of our plan to reduce
our debt,  we  withdrew  from the  Petaquilla  project in  accordance  with the
arrangements  between  us and  Inmet  and  therefore  have no  further  funding
obligations in respect of this project.  As a result, we recorded an impairment
charge of $22 million in the fourth quarter of 2008.

COAL

2008 PRODUCTION: 23 MILLION TONNES (100% BASIS)

Through October 29, 2008, our coal business  included a 52% direct and indirect
interest  in  the  Teck  Coal   Partnership   (formerly  the  Elk  Valley  Coal
Partnership).  We increased our ownership to 100%,  effective October 30, 2008,
with the purchase of the assets of Fording Canadian Coal Trust.

Teck Coal operates five metallurgical coal mines in British Columbia and one in
Alberta. Together, these mines represent the world's second largest exporter of
seaborne hard coking coal, substantially all of which is used in the production
of steel.

- -------------------------------------------------------------------------------
8    Teck 2008 Management's Discussion and Analysis
<PAGE>

In 2008, our coal operations  accounted for 35% of revenue and 42% of operating
profit before depreciation and amortization.

<TABLE>
<CAPTION>
===================================================================================================================================
($ in millions)                                                                           2008               2007               2006
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                    <C>                  <C>              <C>
Revenues                                                                               $   2,428            $   951          $ 1,177
Operating profit before depreciation and amortization                                  $   1,226            $   249          $   483
Capital expenditures                                                                   $     118            $    35          $    18

Production volumes-100% basis (000's tonnes)                                              23,009             22,561           21,790
Sales volumes-100% basis (000's tonnes)                                                   22,978             22,677           22,614
===================================================================================================================================
</TABLE>

MARKETS

High quality hard coking coal was in strong demand from integrated  steel mills
at the beginning of 2008.  High steel prices and production  levels were driven
largely by the construction boom in China and other developing  nations,  while
the steel  industry  was running at full  capacity in the mature  economies  of
Western Europe and the United States.

Concurrently,  the supply of high  quality  hard  coking  coal,  which had been
failing  to keep pace with  demand by the  second  half of 2007 due to mine and
infrastructure  capacity  constraints,  was  disrupted  by severe  flooding  in
Australia in January  2008.  The  confluence  of strong  demand and  diminished
supply  resulted in the  tripling of coal price  settlements  for the 2008 coal
year,  which  runs  April 1,  2008  through  March 31,  2009.  At the time coal
settlements were completed, our average contracted US dollar coal price for the
2008 coal year was expected to be US$275 per tonne.

During 2008,  the financial  crisis and resulting  loss of consumer  confidence
worldwide  affected the mainstream  economy and caused a sudden reversal in the
steel markets.  By the end of 2008, most  integrated  steel mills were reducing
their  production  levels and raw  material  consumption  in  response to fewer
orders  and lower  steel  prices.  With the  large  Australian  coal  producers
generally  having  recovered  from the flooding early in the year, the seaborne
metallurgical  coal  market  ended  2008 in a  state  of  oversupply.  Recently
announced production cuts by metallurgical coal producers are expected to bring
production levels closer to demand in the near term.

As steel  production  was  curtailed and the steel mills were faced with excess
raw material stockpiles, they began to defer coal shipments on short notice. We
responded  by  replacing a portion of these  sales  through the sale of thermal
coal under market tenders at  then-prevailing  spot prices.  Accordingly,  coal
sales volume of 23 million  tonnes was at the low end of our guidance range and
our average selling price of US$205 per tonne for calendar year 2008 was at the
top end of our guidance range.

Our US dollar coal prices and volumes for the 2008 coal year remain fixed under
contract through March 31, 2009.  However,  our customers largely determine the
timing of  deliveries  and it is not  uncommon  for coal  sales  volumes  to be
carried over and delivered in the following coal year. A significant  amount of
carryover  tonnage is  anticipated  at the end of the 2008 coal year due to the
reduction in coal  shipments  in late 2008 and  anticipated  shipments  through
early 2009. Contract  negotiations for the 2009 coal year, which may impact the
pricing  on the  remaining  2008  coal  year  carryover  tonnage,  have not yet
concluded.  Current  market  sentiment  indicates  that US dollar  prices  will
decrease  substantially  for the 2009 coal year. The tonnage levels  contracted
for 2009 will also be impacted by the expected  lower steel  production and the
duration of the global economic downturn.

It is  anticipated  that the global steel and  metallurgical  coal markets will
continue  to  experience  extreme  volatility  in the coming  years.  The rapid
urbanization  and  industrialization  of the developing  nations is expected to
continue, which should drive demand for steel and high quality hard coking coal
once the current economic crisis passes. The development of new sources of high
quality  hard  coking coal is expected to slow in the near term due to the lack
of  available  investment  capital  and lower coal  prices,  which will  likely
contribute  to  imbalances  in supply  and demand in the  future.  Furthermore,
metallurgical  coal  suppliers  now  appear to be  responding  more  quickly to
situations of oversupply with production  cuts,  which should result in shorter
pricing downturns than were experienced in the past.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis    9
<PAGE>

OPERATIONS

Coal sales  volumes  of 23 million  tonnes  increased  marginally  from 2007 as
continuing strong demand and fewer weather-related disruptions during the first
three quarters of 2008 were offset by a marked  reduction in deliveries in late
2008 as our  customers  took less coal in response  to lower steel  production.
Average US dollar coal prices for the 2008  calendar year doubled to US$205 per
tonne due to the very high-price  settlements for the 2008 coal year that began
April 1, partially  offset by the carry over of  approximately 3 million tonnes
of 2007 coal year  business  and some  incremental  thermal  coal sales made at
prevailing  spot prices in late 2008.  Average  realized  Canadian  dollar coal
prices  also  more  than  doubled  to $220  per  tonne  in 2008 as the  average
US/Canadian dollar exchange rate was similar year-over-year.

Teck Coal's  operating  profit before  depreciation  and  amortization was $1.2
billion  in  2008,  up  significantly  from  $249  million  in 2007  due to the
substantial  increase in the coal price and our  acquisition  of Fording's  60%
interest in Teck Coal in October  2008 that  provided  ten months of  operating
profit at the 40% ownership  level and two months at 100% compared with 40% for
all of 2007.  This was  partially  offset by the effect of higher strip ratios,
increases in labour, fuel and other input costs and higher port loading charges
at  Westshore  Terminals,  which are  variable in part with  average coal sales
prices.  In addition,  contractual  rail rates were higher for  eastbound  coal
shipments, which represent approximately 10% of our sales volumes.

ZINC

2008 PRODUCTION:           663,000 TONNES OF ZINC IN CONCENTRATE
                           270,000 TONNES OF REFINED ZINC

Our zinc business unit includes our Trail  refining and smelting  complex,  the
Red Dog Operations and the Pend Oreille Operations. Our Lennard Shelf operation
in Western  Australia was  permanently  closed in August 2008, and Pend Oreille
was placed on care and maintenance in February 2009.


ZINC PRODUCTION                 AVERAGE ZINC PRICE            OPERATING PROFIT
(000 TONES)                          ($/LB)                   ($ IN MILLIONS)*

[GRAPHIC  OMITTED]                [GRAPHIC  OMITTED]         [GRAPHIC OMITTED]

                                Zinc Production
                                   (000 TONES)
                                ---------------

                                2004       2005      2006      2007      2008
- ------------------------------------------------------------------------------
Refined                          296        223       296       292       270
Contained in concentrate       571.3        568       558       625       566
Other divisions                   48         45        35        74        97

                              Average Zinc Price
                                    ($/lb)
                              ------------------

                                2004       2005      2006      2007      2008
- ------------------------------------------------------------------------------
US Dollars                      0.48       0.63      1.49     1.47       0.85
Canadian Dollars                0.62       0.76      1.68     1.57       0.91


                               Operating Profit
                               ($ in millions)*
                               ----------------

                                2004       2005      2006      2007      2008
- ------------------------------------------------------------------------------
Operating Profit                 459        594       1614     1328       439


*  Before depreciation and amortization

In 2008, our zinc operations  accounted for 30% of revenue and 15% of operating
profit before depreciation and amortization.

<TABLE>
<CAPTION>
===================================================================================================================================
                                                                                                  OPERATING PROFIT (LOSS) BEFORE
                                                                   REVENUES                       DEPRECIATION AND AMORTIZATION
- ------------------------------------------------------------------------------------------------------------------------------------
($ in millions)                                            2008         2007          2006          2008          2007      2006
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>          <C>           <C>          <C>            <C>       <C>
Trail                                                    $1,442       $1,839        $1,802       $  208         $  396    $  442
Red Dog                                                     703        1,434         1,539          240            885     1,138
Pend Oreille                                                 41           70            88         (15)             17        52
Lennard Shelf                                                26           47             -         (18)              3         -
Other                                                        50           49            38            7             11         7
Inter-Division Sales                                      (191)        (387)         (468)           17             16      (25)
- ------------------------------------------------------------------------------------------------------------------------------------
Total                                                    $2,071       $3,052        $2,999       $  439        $ 1,328   $ 1,614
===================================================================================================================================
</TABLE>

- -------------------------------------------------------------------------------
10    Teck 2008 Management's Discussion and Analysis

<PAGE>

<TABLE>
<CAPTION>
===================================================================================================================================
                                                                   Production                                 Sales
- ------------------------------------------------------------------------------------------------------------------------------------
(000's tonnes)                                               2008         2007          2006        2008         2007          2006
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>          <C>           <C>         <C>          <C>           <C>
Refined zinc
  Trail                                                       270          292           296         266          292           290
===================================================================================================================================

Contained in concentrate
  Red Dog                                                     515          575           558         529          576           536
  Pend Oreille                                                 35           29            34          35           29            35
  Lennard Shelf                                                16           21             -          18           18             -
  Other business units                                         97           74            35          96           73            36

===================================================================================================================================
   Total                                                      663          699           627         678          696           607
===================================================================================================================================
</TABLE>

MARKETS

ZINC

Even with a global slowing in zinc  consumption,  growth  estimates for zinc in
2008 are estimated at 1.5% according to the  International  Lead and Zinc Study
Group  (ILZSG).  China  accounted  for all the  growth,  more  than  offsetting
declines in the United States, Japan and Western Europe.

London Metal  Exchange (LME) stocks rose by 164,350 tonnes to 253,500 tonnes in
2008.  Total reported  refined  inventories  (LME,  Shanghai  Futures  Exchange
(SHFE), Producer, Consumer and Merchant) at year end were about 796,000 tonnes,
or 25 days of global  consumption,  still well below the 25-year  average of 39
days.

Prices of US$1.08  per pound at the start of the year fell to US$0.51 per pound
by year end. In 2008, zinc prices averaged  US$0.85 per pound, a decline of 42%
from the 2007 average of US$1.47 per pound.

China imported 11% more zinc concentrates than in 2007 due to growth in refined
production and capacity, while domestic mine production was reported to be flat
versus 2007.  In 2008,  China was a net  importer of 112,000  tonnes of refined
zinc, versus net exports of 126,000 tonnes in 2007.


ZINC PRICE AND LME INVENTORY      GLOBAL DEMAND FOR ZINC    REPORTED ZINC STOCKS

     [GRAPHIC OMITTED]               [GRAPHIC OMITTED]       [GRAPHIC OMITTED]

                         Zinc Price and LME Inventory
                         ----------------------------

                                    US$/pound    Tonnes (000's)
                     ------------------------------------------
                         Jan-04       0.46           758.3
                         Feb-04       0.49           722.6
                         Mar-04       0.50           716.3
                         Apr-04       0.47           760.7
                         May-04       0.47           728.7
                         Jun-04       0.46           731.1
                         Jul-04       0.45           706.1
                         Aug-04       0.44           737.2
                         Sep-04       0.44           736.6
                         Oct-04       0.48           705.7
                         Nov-04       0.50           674.0
                         Dec-04       0.54           629.4
                         Jan-05       0.57           617.6
                         Feb-05       0.60           604.6
                         Mar-05       0.62           574.1
                         Apr-05       0.59           545.0
                         May-05       0.56           524.8
                         Jun-05       0.58           611.6
                         Jul-05       0.54           582.5
                         Aug-05       0.59           560.2
                         Sep-05       0.63           531.3
                         Oct-05       0.68           488.3
                         Nov-05       0.73           439.5
                         Dec-05       0.83           394.1
                         Jan-06       0.95           372.9
                         Feb-06       1.01           329.7
                         Mar-06       1.10           285.1
                         Apr-06       1.40           260.7
                         May-06       1.62           238.8
                         Jun-06       1.46           217.2
                         Jul-06       1.51           185.2
                         Aug-06       1.52           173.5
                         Sep-06       1.54           142.4
                         Oct-06       1.73           107.6
                         Nov-06       1.99            85.8
                         Dec-06       2.00            88.5
                         Jan-07       1.72            97.7
                         Feb-07       1.50            94.3
                         Mar-07       1.48           106.3
                         Apr-07       1.61            96.4
                         May-07       1.74            76.6
                         Jun-07       1.63            73.0
                         Jul-07       1.61            65.9
                         Aug-07       1.47            65.0
                         Sep-07       1.31            61.4
                         Oct-07       1.35            71.7
                         Nov-07       1.15            80.0
                         Dec-07       1.07            89.2
                         Jan-08       1.06           111.3
                         Feb-08       1.11           123.3
                         Mar-08       1.14           124.4
                         Apr-08       1.03           126.5
                         May-08       0.99           143.6
                         Jun-08       0.86           153.6
                         Jul-08       0.84           157.3
                         Aug-08       0.78           160.5
                         Sep-08       0.79           155.1
                         Oct-08       0.59           182.0
                         Nov-08       0.52           193.1
                         Dec-08       0.50           253.5

                     Global Demand for Zinc (tonnes 000's)
                     -------------------------------------

                                 Rest of World     China
                       -----------------------------------
                        1982        5.598          0.304
                        1983        5.859          0.322
                        1984        6.013          0.337
                        1985        5.998          0.349
                        1986        6.165          0.382
                        1987        6.313          0.409
                        1988        6.463          0.385
                        1989        6.324          0.391
                        1990        6.120          0.500
                        1991        6.112          0.530
                        1992        6.046          0.551
                        1993        6.079          0.530
                        1994        6.305          0.655
                        1995        6.769          0.750
                        1996        6.722          0.829
                        1997        6.992          0.830
                        1998        7.115          0.920
                        1999        7.282          1.200
                        2000        7.658          1.350
                        2001        7.420          1.500
                        2002        7.627          1.750
                        2003        7.688          2.155
                        2004        7.957          2.690
                        2005        7.570          3.041
                        2006        7.857          3.115
                        2007        7.712          3.597
                        2008        7.397          4.014

                             Reported Zinc Stocks
                             --------------------

                           Tonnes   Days       25 yr average
                 -------------------------------------------
                   2004     1040     36               39
                   2005     828      29               39
                   2006     547      18               39
                   2007     635      21               39
                   2008     836      27               39


The zinc concentrate  market in 2008 was close to a balanced  market.  Smelters
had sufficient concentrates to supply their needs but no significant stockpiles
were built.  The  profitability of zinc mining came under pressure as the price
of zinc fell steadily  throughout  the year.  Closures of mines and  production
cutbacks began in July 2008. As the price  declined  through the balance of the
year, mine closures  accelerated,  reducing  production by an estimated 580,000
tonnes in 2008.

The closures and cutbacks affected refined production, and we estimate close to
200,000 tonnes of refined zinc was cut from 2008 global planned production.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   11
<PAGE>

LEAD

The global  market  for  refined  lead  moved  into  surplus in 2008 after four
consecutive  years of deficits.  As a result,  lead prices fell  throughout the
year to US$0.43 per pound.  The LME cash price  average of US$0.95 per pound in
2008 was down from the 2007 average of US$1.17 per pound. LME stocks at the end
of 2008 remained similar to 2007 levels at 45,200 tonnes.


LEAD PRICE AND LME INVENTORY     GLOBAL DEMAND FOR LEAD     REPORTED LEAD STOCKS

     [GRAPHIC OMITTED]            [GRAPHIC OMITTED]          [GRAPHIC OMITTED]

                         Lead Price and LME Inventory
                         ----------------------------

                                   US$/lb   Tonnes (000's)
                     ------------------------------------
                        Jan-04      0.34         89.1
                        Feb-04      0.40         76.8
                        Mar-04      0.40         74.3
                        Apr-04      0.34         70.3
                        May-04      0.37         59.6
                        Jun-04      0.39         45.5
                        Jul-04      0.43         37.2
                        Aug-04      0.42         36.3
                        Sep-04      0.42         53.4
                        Oct-04      0.42         49.6
                        Nov-04      0.44         41.3
                        Dec-04      0.44         40.7
                        Jan-05      0.43         35.7
                        Feb-05      0.44         33.6
                        Mar-05      0.46         33.3
                        Apr-05      0.45         33.6
                        May-05      0.45         32.3
                        Jun-05      0.45         42.1
                        Jul-05      0.39         64.7
                        Aug-05      0.40         54.2
                        Sep-05      0.42         39.8
                        Oct-05      0.46         49.4
                        Nov-05      0.46         39.8
                        Dec-05      0.51         43.6
                        Jan-06      0.57         59.8
                        Feb-06      0.58         77.4
                        Mar-06      0.54         89.6
                        Apr-06      0.53         99.8
                        May-06      0.53        111.1
                        Jun-06      0.44        111.4
                        Jul-06      0.48        101.7
                        Aug-06      0.53         78.7
                        Sep-06      0.61         60.7
                        Oct-06      0.69         45.2
                        Nov-06      0.74         43.8
                        Dec-06      0.78         41.1
                        Jan-07      0.76         39.1
                        Feb-07      0.81         32.1
                        Mar-07      0.87         33.3
                        Apr-07      0.91         41.6
                        May-07      0.95         47.6
                        Jun-07      1.10         45.1
                        Jul-07      1.40         37.6
                        Aug-07      1.41         25.4
                        Sep-07      1.46         22.2
                        Oct-07      1.69         39.4
                        Nov-07      1.51         44.0
                        Dec-07      1.18         45.5
                        Jan-08      1.18         48.7
                        Feb-08      1.39         45.8
                        Mar-08      0.99         49.1
                        Apr-08      1.28         56.4
                        May-08      1.01         66.2
                        Jun-08      0.85        101.9
                        Jul-08      0.88         91.0
                        Aug-08      0.87         81.9
                        Sep-08      0.85         64.3
                        Oct-08      0.67         48.6
                        Nov-08      0.59         64.3
                        Dec-08      0.44         45.2

                             Global Demand for Lead
                                (tonnes 000's)
                            ------------------------

                                  Rest of World             China
               ---------------------------------------------------
               1982                  4.934                  0.191
               1983                  4.932                  0.210
               1984                  5.030                  0.224
               1985                  4.967                  0.243
               1986                  5.054                  0.249
               1987                  5.124                  0.256
               1988                  5.164                  0.250
               1989                  5.387                  0.250
               1990                  5.215                  0.244
               1991                  5.078                  0.250
               1992                  5.044                  0.261
               1993                  4.903                  0.305
               1994                  5.199                  0.295
               1995                  5.365                  0.445
               1996                  5.505                  0.470
               1997                  5.568                  0.485
               1998                  5.560                  0.505
               1999                  5.718                  0.524
               2000                  5.925                  0.590
               2001                  5.780                  0.700
               2002                  5.686                  0.950
               2003                  5.641                  1.183
               2004                  5.786                  1.510
               2005                  5.828                  1.973
               2006                  5.856                  2.213
               2007                  5.600                  2.573
               2008                  5.212                  3.211


                             Reported Lead Stocks
                             --------------------

                            Tonnes           Days       25 yr average
         ------------------------------------------------------------
           2004              293              15                27
           2005              288              14                27
           2006              270              12                27
           2007              264              12                27
           2008              274              12                27


For the seventh consecutive year, global refined lead consumption was above the
25-year trend growth of 1.6% per year. China's growth was greater than the rest
of the world combined,  as China's  electric bike fleet increased the number of
bikes sold by an estimated 10%.  Electric bikes in China now account for 27% of
China's refined lead consumption.  The export taxes instituted by China in 2007
continued  to have an effect on lead  exports  from  China.  China  exported on
average 17,000 tonnes per month in 2007,  while in the first six months of 2008
exports  averaged  4,000  tonnes per month.  In the second half of 2008,  China
turned from an exporter of refined lead to an importer.

OPERATIONS

Trail Operations

Our Trail Operations,  located in British Columbia,  include one of the world's
largest fully-integrated zinc and lead smelting and refining complexes, and the
Waneta hydroelectric dam and transmission system. The metallurgical  operations
at Trail produce refined zinc and lead, and a variety of precious and specialty
metals, chemicals and fertilizer products. The Waneta dam provides power to the
metallurgical operations. Surplus power is sold through the transmission system
to customers in British Columbia and the United States.

Trail metal  operations  contributed  $146 million to operating  profits before
depreciation  and amortization in 2008 compared with $336 million in 2007, with
the  reduction  due  primarily to lower prices for both lead and zinc and lower
zinc sales.  These lower zinc sales were partially  offset by higher lead sales
volumes  and higher  contribution  margins  from  specialty  metals and sulphur
products.

Refined zinc production of 270,000 tonnes was 22,000 tonnes lower than in 2007.
A series of technical and operational problems in the leaching and purification
areas, which were resolved early in the third quarter, affected production.

Additionally, in response to changing market conditions we reduced refined zinc
production  by  approximately  4,000 to 5,000 tonnes per month,  commencing  in
November 2008. This 20% curtailment,  which will remain in place until at least
May 2009,  leaves the operation with  sufficient  metal to meet customer needs.
Refined  lead  production  will not be  affected.  Power sales are  expected to
increase by  approximately  15 gigawatt hours per month during the curtailment,
improving profitability.

Refined lead  production of 85,000 tonnes exceeded 2007 levels by 8,600 tonnes,
but was lower than plan due to  operational  issues in the drossing  plant.  We
achieved  a refined  germanium  production  record  through  improved  recovery
initiatives.

The Waneta dam is one of several hydroelectric  generating plants in the region
operated  through  contractual  arrangements  under which we currently  receive
approximately  2,750 gigawatt hours of energy entitlement per year,  regardless
of the water flow available for power generation. We sell energy surplus to our
needs to third parties at market rates.

- -------------------------------------------------------------------------------
12    Teck 2008 Management's Discussion and Analysis
<PAGE>

Higher average power prices boosted  operating  profit before  depreciation and
amortization  from surplus  power sales to $62 million in 2008 from $60 million
the  previous  year.  Sales  volumes  were down 11% as a result  of  generation
reductions in the spring during off peak hours when prices were low.

Capital  expenditures  for the year totalled $44 million.  The most significant
projects completed were the replacement of an acid storage tank and upgrades to
the  silver  refinery   ventilation  and  security   controls.   The  remaining
expenditures  were directed to upgrade  projects,  each  totalling less than $2
million.  In addition,  we completed  upgrade work on the Waneta dam electrical
infrastructure at a cost of $6 million.

In 2009,  we expect to produce  85,000  tonnes of refined lead and 17.6 million
ounces of silver.  We are  curtailing  refined zinc  production by about 20% or
about  4,000 to 5,000  tonnes  per  month  until at least  May,  at which  time
production rates may be increased  depending on market conditions.  Our current
forecast for refined zinc production is 270,000 tonnes.

Red Dog Operations

Red Dog's location in northwest  Alaska exposes the operation to severe weather
and winter ice conditions,  which can significantly impact production and sales
volumes and operating costs. In addition, the mine's bulk supply deliveries and
all  concentrate  shipments  occur  during a short ocean  shipping  window that
normally  runs from early  July to late  October.  Because of this short  ocean
shipping  window,  Red Dog's sales volumes are normally  higher in the last six
months of the year, which can result in significant volatility in its quarterly
earnings, depending on metal prices.

Zinc  and  lead   production  in  2008  declined  by  10%  due  to  lower  mill
availability. The availability was reduced by mechanical problems including the
failure  of a crusher  shaft.  Site  operating  costs  increased  9% over 2007,
resulting in a 20% increase in unit operating costs due to both higher fuel and
supply costs, and lower concentrate production.

Red Dog's 2008  shipping  season began on July 11 and was  completed on October
27. Final tonnages shipped for 2008 were 916,000 tonnes of zinc concentrate and
245,000  tonnes  of  lead  concentrate.  Due to  sea-ice  and  adverse  weather
conditions,  the  last  vessel  departed  without  a full  shipment.  Metal  in
concentrate  available  for sale from January 1, 2009 to the  beginning of next
year's shipping  season is 221,000 tonnes of zinc in concentrate.  All off site
lead inventories had been sold as at December 31, 2008.

In accordance  with the operating  agreement  governing Red Dog, the royalty to
NANA  Regional  Corporation  Inc.  (NANA)  is now at  25%  of net  proceeds  of
production.  The NANA royalty  charge in 2008 was US$92  million  compared with
US$190  million in 2007.  The net proceeds  royalty  will  increase by 5% every
fifth  year to a  maximum  of  50%.  The  increase  to 30% of net  proceeds  of
production  will occur in 2012.  NANA has advised us that it ultimately  shares
approximately   62%  of  the  royalty  with  other   Regional   Alaskan  Native
Corporations  pursuant to section 7(i) of the Alaskan Native Claims  Settlement
Act.

Red Dog's  operating  profit  before  depreciation  and  amortization  declined
significantly  to $240  million  in 2008  from  $885  million  in 2007 and $1.1
billion in 2006. The reduction in 2008 operating  profit compared with 2007 was
due mainly to the lower  realized  price of zinc and lead and a 9% reduction in
zinc sales volumes reflecting the lower production levels.

Capital  spending in 2008  included  US$15  million for tailings dams and US$26
million on other sustaining  capital projects and US$4 million for drilling and
other costs on the Aqqaluk deposit.

We continue  with the  long-term  dewatering  of our nearby  shallow  shale-gas
exploration wells. The five-hole system  commissioned in the first half of 2008
is operated continuously  throughout the year. Although additional drilling and
capital  expenditures  are on hold, we will continue to operate the  dewatering
system  in 2009  with gas flow  tests  conducted  when the  formation  has been
sufficiently  dewatered.  The flow  tests  will form the  basis  for  decisions
related to the economic  feasibility of converting from  diesel-fired  power to
natural gas obtained from the shale formations.

We  expect  2009  production  to be  approximately  570,000  tonnes  of zinc in
concentrate and 125,000 tonnes of lead in concentrate.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   13
<PAGE>

WATER DISCHARGE AND AQQALUK PERMITTING

The  approval  process  for  the  Aqqaluk  Supplemental   Environmental  Impact
Statement  (SEIS) and the  time-table  for the  issuance  of the renewal of our
operation's  water discharge  permit remain largely on schedule.  We anticipate
that the renewed  permit will be issued during the third  quarter of 2009.  The
issuance of the permit is subject to approval by any party who has commented on
the draft  SEIS.  The 2007  renewal of our water  permit was  appealed  and the
permit was subsequently  withdrawn over procedural  concerns.  An appeal of the
pending permit is also possible. This could result in a stay of the issuance of
the permit  and delay  access to the  Aqqaluk  deposit.  At current  production
rates,  we estimate that the main pit will be exhausted by the end of the first
quarter of 2011.  If the permit is  delayed  beyond the first  quarter of 2010,
production at Red Dog could be limited or curtailed.

The mine is operating  under a consent decree as the existing  permit  contains
end-of-pipe  limitations on total  dissolved  solids (TDS) that the mine cannot
meet on a sustained basis. TDS are non-toxic salts created because of the water
treatment  process to eliminate  metals from the mine's  discharge  water.  The
largest  constituent of this TDS is gypsum, a common component in "hard" water.
Pending  approval of the SEIS and the issuance of the renewal  permit,  we will
continue to operate  under the  existing  water  discharge  permit.  The mine's
discharge   complies  with  the  criteria  in  the  consent  decree  and  those
anticipated in the renewed discharge permit, which the EPA has determined to be
fully  protective of the environment.  However,  there can be no assurance that
the past and ongoing violations of the existing permit will not result in other
civil claims.  Appeals of the SEIS, renewed permit or other permits could delay
the mining of Aqqaluk beyond 2010.

In addition to  treating  mill  effluent  and runoff  from areas  disturbed  by
mining,  we collect  and treat  run-off  from areas where  naturally  occurring
acidic drainage historically impacted water quality. As a result, water quality
has improved  and fish now spawn in areas where  pre-mining  conditions  caused
fish mortality.

Pend Oreille Operations

Our Pend Oreille mine, located in north-eastern Washington State, produces zinc
and lead  concentrates,  which are delivered to our Trail smelter 80 kilometres
to the northwest, in British Columbia.

Mine  production  in 2008 was  35,000  tonnes of zinc and 5,700  tonnes of lead
compared  with  28,800  tonnes of zinc and 4,200  tonnes of lead in 2007.  Zinc
production  was  6,200  tonnes  higher  in 2008  than in  2007 as a  result  of
increased throughput and higher-grade ore, coupled with better mill recoveries.

The  mine  incurred  a $15  million  operating  loss  before  depreciation  and
amortization  in 2008  compared  with a profit  of $17  million  in 2007 due to
significantly lower zinc and lead prices.

Due to reduced  metal demand and  persistent  weakness in zinc prices,  we also
recorded a pre-tax  impairment charge of $51 million and the mine was shut down
in February 2009, affecting  approximately 165 employees.  We have transitioned
the operation to care and maintenance with a view to a potential restart in the
event of a significant market improvement.

Lennard Shelf Operations

In August,  2008, together with our partner Xstrata Zinc, we permanently closed
the Pillara mine at Lennard  Shelf in Western  Australia.  Production  from the
Pillara mine was 30,800 tonnes of zinc and 9,000 tonnes of lead in  concentrate
in 2008  compared with 42,100 tonnes of zinc and 12,400 tonnes of lead in 2007.
Our share of the operating loss in 2008, before  depreciation and amortization,
was $18 million  compared with a profit of $3 million in 2007. We also recorded
a pre-tax impairment charge of $12 million due to the closure.

Technology Marketing

The Product Technology Centre (PTC) in Mississauga,  Ontario, supports our zinc
customers by developing and implementing technologies and alloys for continuous
and general galvanizing. In addition, the group supports the zinc

- -------------------------------------------------------------------------------
14    Teck 2008 Management's Discussion and Analysis
<PAGE>

market in  collaboration  with the  International  Zinc Association by pursuing
independent research and development related to zinc-based batteries.

In lead, the battery technology group at PTC develops and markets  technologies
that improve the  manufacture of lead acid  batteries by decreasing  weight and
contained  lead,  and improving  performance.  The new  Continuous  Paste Mixer
(CPM(TM))  was  brought  to market in 2008 and shows a  considerable  amount of
promise.  PTC works with our wholly owned  subsidiary  H. Folke  Sandelin AB in
Sweden in the  development  of the extruder  (CRX(TM)) for the  manufacture  of
positive and negative  plates for lead acid  batteries.  Sandelin,  the leading
producer  of  continuous  extruders  for the lead  sheathing  of power  cables,
benefitted from the strong cable business in 2008.

EXPLORATION

Alaska,  Ireland, and Australia were the main jurisdictions for sediment hosted
and Irish-type  zinc  exploration.  Approximately  $16 million in project costs
were incurred for zinc projects in 2008.  Encouraging drill results  warranting
further  exploration  were  returned  from the  Noatak  project  in the Red Dog
district (Alaska) and the Limerick district of Ireland.  An early-stage project
for sediment-hosted zinc was initiated in northern Queensland, northeast of the
Century mine. Zinc exploration in 2009 will be significantly  reduced,  focused
on core assets and internal opportunities.

GOLD

2008 PRODUCTION: 279,000 OUNCES

In February 2009, we announced the sale of our 50% interest in the Williams and
David Bell mines in  Ontario.  Upon  closing,  which is  expected in the second
quarter of 2009, our gold business will consist of our 40% interest in the Pogo
mine in Alaska, our 78.8% interest in the Morelos development project in Mexico
and our 60%  interest  in the Agi Dagi and Kirazli  projects in Turkey.  We are
pursuing the potential sale of our gold assets.

In 2008,  our gold  operations  accounted for 4% of revenue and 3% of operating
profit before depreciation and amortization.

<TABLE>
<CAPTION>

====================================================================================================================================
                                                                                              Operating Profit Before Depreciation
                                                                  Revenues                              and Amortization
- ------------------------------------------------------------------------------------------------------------------------------------
($ in millions)                                           2008          2007          2006          2008          2007          2006
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>           <C>           <C>            <C>           <C>           <C>
Pogo                                                     $ 130         $  59         $   -          $ 55          $ 16          $  -
Hemlo                                                      119           123           143            29            19            31
- ------------------------------------------------------------------------------------------------------------------------------------
Total                                                    $ 249         $ 182         $ 143          $ 84          $ 35          $ 31
- ------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                                                 Production                                  Sales
- ------------------------------------------------------------------------------------------------------------------------------------
(000's ounces)                                            2008          2007          2006          2008          2007          2006
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>           <C>            <C>          <C>            <C>           <C>
Pogo                                                       139           104            45           141            93            39
Hemlo                                                      130           169           205           127           165           207
Other business units                                        10            12            13            10            13            11
- ------------------------------------------------------------------------------------------------------------------------------------
Total                                                      279           285           263           278           271           257
====================================================================================================================================
</TABLE>

MARKETS

Gold  prices  averaged  US$872  per troy  ounce  in 2008,  up 25% from the 2007
average. Growth in gold as an investment continues to be the main driver of the
strong  prices.  A falling US dollar  and  rising  oil  prices saw gold  prices
increase early in the year to their historic high of US$1,023 per troy ounce in
March. The US dollar strengthened over the summer and

- -------------------------------------------------------------------------------
                           Teck 2008 Management's Discussion and Analysis    15
<PAGE>

gold prices retreated to near US$700 per troy ounce. A flight from equities and
commodities  in the fourth  quarter  pushed gold prices back up to about US$900
per troy ounce.

Global mine  production  fell by 4% in 2008 to 2,385  tonnes while scrap supply
rose 13% and net official  sector sales fell by 43%.  Overall supply fell 4% to
3,772  tonnes.  Supply is  expected to be  marginally  higher in 2009 with mine
supply and scrap supply up marginally  and net official  sector sales likely to
remain flat.

Global fabrication  demand declined by 8% in 2008 to 2,824 tonnes,  with an 11%
fall in jewellery demand  accounting for most of the drop. Demand for jewellery
in the US fell 25%,  Europe fell 14% and the Indian Sub Continent fell 16% on a
year-over-year  basis.  Expectations  for 2009 are for  continued  weakness  in
fabrication  demand.  However,  persistent  global  financial  uncertainty  may
continue to provide support for gold as an investment vehicle.


Gold Production            Average Gold Price               Operating Profit
(000 ounces)                      ($/oz)                     ($ in millions)*

[GRAPHIC  OMITTED]          [GRAPHIC  OMITTED]             [GRAPHIC OMITTED]


                                Gold Production
                                  (000 ounces)
                                ---------------

                            2004     2005     2006     2007     2008
         ------------------------------------------------------------
         Gold Division     247.4      230      250    272.6    268.8
         Other Divisions    13.7       15       13     12.4     10.1


                               Average Gold Price
                                     ($/oz)
                               ------------------

                           2004     2005     2006      2007     2008
         ------------------------------------------------------------
         US Dollars         406      445      604       697      872
         Canadian Dollars   528      538      683       746      930


                               Operating Profit
                                ($ in millions)*
                               ----------------

                          2004     2005     2006      2007     2008
         ------------------------------------------------------------
         Operating Profit  54       30        31        35       84

         *  Before depreciation and amortization

OPERATIONS

Pogo Mine

The Pogo gold mine is located 145 kilometres southeast of Fairbanks, Alaska. We
hold a 40% interest and are the operator of the mine.  Pogo is a joint  venture
with Sumitomo  Metal Mining Co. Ltd. (51%) and Sumitomo  Corporation  (9%). The
mine reached commercial production in April 2007.

Pogo's 2008 gold production was 347,000 ounces. This significant  increase over
2007 production of 260,000 ounces was primarily due to successfully stabilizing
operations  following  start up. Site operating  costs  increased by 31%, which
were partly due to higher energy and mine consumable costs as well as increased
mill throughput.

Our share of the operating profit before  depreciation and amortization was $55
million in 2008  compared to $16 million in 2007.  A higher gold price  largely
contributed  to the  improved  operating  profit.  Gold  production  in 2009 is
expected to be 355,000 ounces with higher ore throughput  being offset by lower
grades.  Capital  expenditures are estimated at US$9 million  primarily for the
replacement of mine equipment and infrastructure.

Current proven and probable  reserves  provide  sufficient ore through to 2016.
Exploration is currently focused on near mine targets to extend the life of the
existing operation.

Hemlo Operations

The Hemlo  operations,  which consist of the Williams and David Bell mines, are
located  approximately 350 kilometres east of Thunder Bay, Ontario. In February
2009, we announced the sale of our 50% interest in the Hemlo  operations to our
joint venture partner,  Barrick Gold  Corporation for US$65 million.  We expect
the  transaction to close in the second quarter 2009,  which will result in the
recognition of approximately $60 million pre-tax gain on closing.

Hemlo's 2008 gold  production  was 260,000  ounces  representing a 23% decrease
from 2007.  The decline in production  was due primarily to lower ore grade and
decreased throughput, reflective of a declining grade and production profile of
a maturing operation.

Our share of Hemlo's operating profit before  depreciation and amortization was
$29 million in 2008 compared to $19 million in 2007 and a $31 million in 2006.

- -------------------------------------------------------------------------------
16    Teck 2008 Management's Discussion and Analysis
<PAGE>

EXPLORATION AND DEVELOPMENT

Turkey, Canada and Mexico were the main jurisdictions for gold exploration with
expenditures totalling approximately $15 million.

Progress  on the  Morelos  project in Mexico was  inhibited  by road  blockades
raised by a minority group of local landholders. Feasibility level drilling was
completed on the Guajes West zone, but completion of in-fill drilling on the El
Limon zone was  prevented by the  blockades.  Feasibility  engineering  was not
started  pending  resolution of the community  issues.  Preliminary  geological
modelling work on the Agi Dagi - Kirazli  project in Turkey was updated in 2008
to include  results from an additional 81 drill holes.  No  engineering or mine
planning work has yet been carried out for the project.

ENERGY

Our energy  business  includes a 20% interest in the Fort Hills Energy  Limited
Partnership,  which is developing  the Fort Hills oil sands project  located in
Northern  Alberta,  and our 50%  interest  in various  oil sand  leases that we
jointly  own with UTS  Energy  Corporation  (UTS).  Our share of the  estimated
recoverable bitumen resources increased to approximately 1.7 billion barrels.

Our oil sands  projects  are  expected  to be  long-life  assets  with  limited
operating risks.  These projects are based on substantial  resources,  will use
conventional  technology,  build on our core  skills of  large-scale  truck and
shovel  mining  operations,   include  partners  with  synergistic  skills  and
abilities, and are located in a politically stable jurisdiction.

FORT HILLS OIL SANDS PROJECT

The Fort  Hills oil sands  project  includes  approximately  24,720  contiguous
hectares of oil sands leases located about 90 kilometres north of Fort McMurray
in Northern Alberta. An upgrader that would be located in Sturgeon County, just
north of Edmonton has been deferred by the partners.  We hold a 20% interest in
the Fort  Hills  Energy LP (the Fort  Hills  Partnership),  which owns the Fort
Hills  project,  with 20% being held by UTS and the  remaining  60% held by the
project operator, Petro-Canada Limited.

In 2005, we acquired a 15% interest in the Fort Hills  Partnership  by agreeing
to fund 34% of the first $2.5 billion of project expenditure,  or $850 million,
and our 15% pro-rata share  thereafter.  In 2007,  Teck and  Petro-Canada  each
subscribed for an additional 5% interest in the Fort Hills Partnership. We will
earn our  additional  interest  by funding a further  $375  million of the Fort
Hills  Partnership  expenses beyond the existing earn-in  obligations.  We will
satisfy our $375 million  commitment  by  contributing  27.5% of the Fort Hills
Partnership expenses beyond the initial $2.5 billion and up to project spending
of $7.5  billion.  Thereafter  we will fund our 20% pro rata  share of  project
spending.

Our 20% interest in Fort Hills  represents  776 million  barrels of recoverable
bitumen based on Sproule  Unconventional  Limited's (Sproule) December 31, 2008
best estimate of the  contingent  bitumen  resource of 3.88 billion  barrels of
recoverable  bitumen,  with a low estimate of 2.10  billion  barrels and a high
estimate of 4.35 billion barrels, all on a 100% basis.

In 2008, our spending on the Fort Hills Project was $434 million,  bringing our
cumulative spending to $667 million at the end of 2008.  Activities planned for
2009 include engineering studies,  specifically for the review and finalization
of the FEED stage  engineering,  site preparation and early works. Our share of
funding for the project in 2009, including our earn-in commitments, is expected
to be approximately $330 million.

In November  2008,  together  with our partners in the Fort Hills  Project,  we
announced  that we will  defer the final  investment  decision  for the  mining
portion of the project until a cost estimate consistent with the current market
environment  can be  established.  The partners now  anticipate  making a final
investment  decision in 2009. The upgrader  portion of the project has been put
on hold and a decision on whether to proceed with the upgrader  will be made at
a later date. As a result of the decision to defer the upgrader  portion of the
project,  we recorded a $90 million  after-tax  impairment  charge  against our
investment in Fort Hills.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis    17
<PAGE>

The partners remain  committed to the retention of the oil sands leases and are
holding  discussions  with the Government of Alberta on the current lease term.
Proceeding with the project is also subject to certain regulatory approvals. In
October  2008,  the  Alberta  Energy  Resources  Conservation  Board (the ERCB)
released  its  decision  regarding  the proposed  mine  amendment  requested by
Petro-Canada on behalf of the Fort Hills  Partnership.  The decision,  which is
subject to Order in Council,  provides  for the  required  revision to the mine
footprint to enable construction to proceed for the first phase of the mine and
extraction portion of the Fort Hills project.  The ERCB has requested a revised
assessment  of the  cumulative  effects and mine plan by  December  31, 2009 to
facilitate  the  request  to  increase  the  total  recoverable  resource.  The
regulatory  hearing on the Sturgeon  County upgrader was convened in the second
half of 2008 and the ERCB  decision  report was released in January  2009.  The
decision, which is subject to Order in Council, found the upgrader to be in the
public  interest  and  approved  the  project  subject  to  conditions  and the
commitments made by Petro-Canada.

We remain committed to our  diversification  strategy including our development
of oil sands as part of the formation of the Energy  business unit. We continue
to regard Fort Hills as an attractive,  long-term asset.  However,  in light of
the significant  cost of participation in a near-term oil sands project at this
stage  of  the  business  and  commodity  cycle,  we  are  exploring  strategic
alternatives in connection with this asset.

TECK/UTS JOINT VENTURE

We have jointly acquired,  with UTS, oil sands leases located east and north of
the Fort Hills Project totalling  approximately  124,000 hectares.  To date, we
have spent $348 million for our 50% share of the  acquisition,  exploration and
engineering costs of these leases. We expect to spend approximately $24 million
for our share of studies and exploration drilling planned for 2009. The planned
2008/2009 exploration program consists of approximately 60 strategically placed
wells with a view to maximize the resource potential per well.

In March 2008, a Public Disclosure Document was released describing preliminary
development  plans for two new oil sands mines.  The Equinox oil sands project,
which we formerly  referred to as Lease 14, is located  immediately west of the
Fort Hills Project and the Frontier oil sands  project,  which  includes  Lease
311, is approximately 10 kilometres north of the Equinox Project. The filing of
the Public Disclosure Document begins the formal regulatory process for the two
projects.

FRONTIER AND EQUINOX PROJECTS

The Equinox oil sands project consists of  approximately  2,890 hectares of oil
sands leases (Lease 14) and is immediately west of the Fort Hills Project.  Our
50%  interest  in  the  Equinox  Project  represents  166  million  barrels  of
recoverable  bitumen  based on a  contingent  resource  estimate of 330 million
barrels of recoverable  bitumen defined by 124 core holes. The joint venture is
proceeding with a Design Basis Memorandum (DBM) study to assess the feasibility
of  developing  the  Equinox  Project as a  stand-alone  50,000  barrel per day
bitumen mining/extraction  operation. The DBM study is expected to be completed
in the  first  quarter  of 2009 and will also  provide  a basis  for  assessing
development of the larger Frontier Project.

The Frontier oil sands project consists of approximately 26,410 hectares of oil
sands  leases,  including  Lease  311,  and is  located on the west side of the
Athabasca River  approximately 10 kilometres north of the Equinox Project.  The
joint  venture  completed 353 core holes in the first quarter of 2008, of which
325 core holes were located in the Frontier  Project area.  Full assay and test
results have been completed on the cores from the 2007/2008 winter  exploration
program,  the  geological  model has been  updated  and a  contingent  resource
estimate has been  prepared for the southern  portion of the Frontier  Project.
For  the  year  ended  December  31,  2008,  Sproule,  as  independent  reserve
evaluators, presented contingent resource estimates for the southern portion of
the Frontier project.  Our 50% interest in the Frontier Project  represents 774
million barrels of recoverable  bitumen based on Sproule's Best Estimate of the
contingent  bitumen  resource of 1.55 billion  barrels of recoverable  bitumen,
with a low estimate of 980 million  barrels and a high estimate of 2.55 billion
barrels,  on a 100% basis.  Engineering  studies  are  expected to start on the
Frontier  Project in the second  quarter  2009  assessing  various  development
options for a stand-alone  mine/extraction operation in the range of 100,000 to
160,000 barrels of bitumen per day.

The joint  venture  also holds  additional  oil sands  leases  both east of the
Athabasca  River  (60,000  hectares)  and west of the  Athabasca  River (34,700
hectares).  Preliminary  exploration  drilling  programs have been conducted on
some of these leases.  Further  exploration  core holes are planned  during the
2008/2009 winter drilling program.

- -------------------------------------------------------------------------------
18    Teck 2008 Management's Discussion and Analysis
<PAGE>

A bulk-sampling  program  completed during the first quarter of 2008,  provided
oil sands ore for extraction and froth  treatment  pilot testing started during
the second half of 2008, to develop design  parameters for both the Equinox and
Frontier projects.  The pilot testing and analysis are expected to be completed
in 2009.

In  September  we  completed  the  transition  to become  operator of the joint
venture,  a  responsibility  that was  previously  undertaken by UTS. The joint
venture  continues  to advance the project  through the  regulatory  permitting
process and has  ongoing  consultations  with  stakeholders  including  project
update meetings with key stakeholder groups.

CONTINGENT RESOURCE ESTIMATES

Volumes of contingent  bitumen  resources  are  calculated at the outlet of the
proposed  extraction plant.  There is no certainty that it will be commercially
viable to produce any portion of the contingent bitumen resources.

Contingent  resources  are  defined  in the  Canadian  Oil and  Gas  Evaluation
Handbook as  published  by the  Canadian  Section of the  Society of  Petroleum
Evaluation Engineers as those quantities of petroleum estimated,  as of a given
date, to be potentially  recoverable from known accumulations using established
technology  or  technology  under  development,  but  which  are not  currently
considered to be  commercially  recoverable  due to one or more  contingencies.
Contingencies  may include  factors  such as  economic,  legal,  environmental,
political and regulatory  matters or a lack of markets.  It is also appropriate
to classify as  "contingent  resources"  the estimated  discovered  recoverable
quantities associated with a project in the early project stage.

There is no certainty that any of the Fort Hills Project,  the Equinox  Project
or the  Frontier  Project  will  produce any  portion of the volumes  currently
classified as "contingent resources". The primary contingencies which currently
prevent the  classification  of the  contingent  resources  disclosed  above as
reserves consist of: current uncertainties around the specific scope and timing
of the  development of each of the Fort Hills Project,  the Equinox  Project or
the Frontier Project;  lack of regulatory approvals for certain aspects of such
projects;  the  uncertainty  regarding  marketing plans for production from the
subject  areas;   improved   estimation  of  project  costs;   commodity  price
fluctuations;  in the case of the Fort Hills Project, the acceptance within the
Fort Hills partnership of the updates to the Fort Hills Project scope,  timing,
costs estimates and final Board of Directors approval of each of the Fort Hills
partnership   general  and  limited   partners;   and  those  other  risks  and
contingencies  described below under "Cautionary  Statement on  Forward-Looking
Information" and in the public filings described there. Contingent resources do
not  constitute,  and  should  not be  confused  with,  reserves.  There  is no
certainty  that it will be  commercially  viable to produce  any portion of the
contingent bitumen resources.

REGULATORY DEVELOPMENTS

In January 2008,  the  Government of Alberta  announced a plan to reduce carbon
emissions  intensity to 50% below 1990 levels by 2020.  Major  emitters  (those
over 100,000 tonnes per year) are required to reduce their emissions  intensity
by  12% as  compared  to  their  established  baseline.  For  new  construction
projects,  the plan is applicable  three years after start up. We are reviewing
the effect of this legislation on our oil sands projects.


CORPORATE

OTHER EXPLORATION AND DEVELOPMENT PROPERTIES

Nickel

Nickel laterite  (Brazil) and sulphide  (Canada) were the main targets in 2008.
Approximately  $7 million in project costs were incurred.  The company will not
be undertaking any significant nickel exploration in 2009.

A limited  amount of work was done on the Santa Fe and Ipora  lateritic  nickel
project  in  Brazil in 2008.  Mechanical  and  magnetic  upgrading  tests  were
completed on sample  material from pits.  Reclamation  work on all pits,  drill
sites and drill access roads is in progress.  Geological  and resource  reports
were filed for each  exploration  permit to meet tenure  requirements.  Surface
access contracts for exploration were  renegotiated with land owners. A limited
program of  baseline  environmental  studies  was  ongoing  in 2008.  The three
partners  have elected to put the project on care and  maintenance  in 2009 and
will undertake limited programs to maintain tenure and environmental  licenses.
As a result of the low  nickel  price,  we  recorded a $35  million  impairment
charge against the project.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   19
<PAGE>

DIAMONDS

Approximately $3 million was spent on diamond exploration in Canada,  mainly on
the Darby project in Nunavut.  Three new zones of kimberlite  occurrences  were
discovered. We will not be undertaking exploration for diamonds in 2009.

SEAFLOOR EXPLORATION

Approximately  $16  million was spent on seafloor  exploration  in  territorial
waters  off Papua New Guinea  and  Tonga.  The  target  was  dormant or extinct
"vents" on the seafloor that have deposited fields of high grade copper,  zinc,
gold, and silver  mineralization.  We operate the seaborne  programs,  and have
been earning into a potential  joint  venture with  Nautilus  Minerals  Inc. We
discovered a total of 12 new sulphide  occurrences,  four in Tonga and eight in
the  Bismarck  Sea off Papua New Guinea.  Average  metal grades from the Tongan
discoveries were 16 grams per tonne of gold, 8% copper, 12% zinc, and 184 grams
per tonne of silver. Average metal grades for 3 of the Bismarck Sea discoveries
were 1 gram per tonne of gold, 1.8% copper, 15.5% zinc, and 198 grams per tonne
of silver.

In January 2009, we advised Nautilus that we would not continue with the option
to earn into a joint  venture on  tenements in PNG and Tonga under the existing
terms in the regional  agreement.  In doing so, we  relinquished  our rights to
tenements in those  countries but retained our option to  participate in future
seafloor  exploration in Fiji, New Zealand,  Japan,  and the Northern  Marianna
Islands as defined in the regional agreement with Nautilus.


APPLIED RESEARCH AND TECHNOLOGY (ART)

Our Applied  Research and  Technology  Group (ART) in Trail,  British  Columbia
develops tests and implements technologies for new projects and operations. The
group works  closely  with our  operations  to define best  practices,  provide
technology  transfer,  and  assist  with  continuous  improvement,   unit  cost
reduction and value creation.

ART has expertise in applied  mineralogy,  mineral processing and environmental
technology.  In the growth area,  these skills are used to characterize new ore
bodies and verify  existing ones, or provide  alternative  processing  options.
Currently  much of this  work is  focused  on our oil  sands  projects  and the
Aqqaluk ore body at Red Dog. Continuous  improvement  projects are developed in
collaboration  with  operations  where value is created  through reduced costs,
improved recovery,  increased concentrate grade and other overall efficiencies.
New  technologies  are  applied to  improve  environmental  performance  at our
operations and mitigate potential  impacts.  Much of the work focuses on issues
related to water  treatment,  the potential for acid rock drainage and the safe
stabilization of deleterious elements.


- -------------------------------------------------------------------------------
20    Teck 2008 Management's Discussion and Analysis
<PAGE>

FINANCIAL OVERVIEW

FINANCIAL SUMMARY

<TABLE>
<CAPTION>
====================================================================================================================================
 ($ in millions, except per share data)                                                   2008               2007            2006
- ------------------------------------------------------------------------------------------------------------------------------------
 REVENUE AND EARNINGS
<S>                                                                                   <C>              <C>               <C>
     Revenues                                                                         $    6,904       $    6,371        $    6,539
     Operating profit before depreciation and amortization                            $    2,895       $    3,071        $    3,825
     EBITDA                                                                           $    2,924       $    2,615        $    3,829
     Net earnings from continuing operations                                          $      677       $    1,661        $    2,395
     Net earnings                                                                     $      659       $    1,615        $    2,431
 CASH FLOW
     Cash flow from operations                                                        $    2,132       $    1,761        $    2,910
     Capital expenditures                                                             $      939       $      571        $      391
     Investments                                                                      $   12,298       $    3,911        $      272
 BALANCE SHEET
     Cash and temporary investments                                                   $      861       $    1,408        $    5,281
     Total assets                                                                     $   31,533       $   13,573        $   11,447
     Debt, including current portion                                                  $   12,874       $    1,523        $    1,509
 PER SHARE AMOUNTS
     Net earnings from continuing operations
        Basic                                                                         $     1.50       $  3.85           $     5.68
        Diluted                                                                       $     1.49       $  3.83           $     5.52
     Net earnings
        Basic                                                                         $     1.46       $  3.74           $     5.77
        Diluted                                                                       $     1.45       $  3.72           $     5.60
     Dividends declared per share                                                     $     0.50       $  1.00           $     1.00
====================================================================================================================================
</TABLE>

Our revenues and earnings depend on prices for the commodities we produce, sell
and use in our  production  processes.  Commodity  prices are determined by the
supply of and demand for raw materials, which are influenced by global economic
growth.  We normally  sell the products  that we produce at  prevailing  market
prices or at prices negotiated on annual contracts,  particularly metallurgical
coal. Prices for these products,  particularly for exchange-traded commodities,
can  fluctuate  widely and that  volatility  can have a material  effect on our
financial results.

We record our financial results using the Canadian dollar and accordingly,  our
operating results and cash flows are affected by changes in the Canadian dollar
exchange rate  relative to the  currencies  of other  countries.  Exchange rate
movements,  particularly  as they affect the US dollar,  can have a significant
impact on our  results  as a  significant  portion of our  operating  costs are
incurred in Canadian and other currencies and most of our debt and revenues are
denominated in US dollars.

Our net  earnings for 2008,  which  included  $856  million of after-tax  asset
impairment  losses,  were $659  million or $1.46 per share  compared  with $1.6
billion or $3.74 per share in 2007 and $2.4 billion or $5.77 per share in 2006.

Our earnings in 2008 were negatively  affected by non-cash  after-tax asset and
goodwill  impairment  charges  totalling  $856  million  taken  against (i) the
goodwill  related to the three copper mines we acquired  from Aur in 2007 ($345
million), (ii) the deferral of the upgrader portion of our Fort Hills oil sands
project ($90 million) (iii) our Lennard Shelf, Pend Oreille and

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   21
<PAGE>

Duck Pond mines ($116 million),  (iv) our Petaquilla  copper project in Panama,
Santa Fe  nickel  project  in  Brazil  and other  exploration  properties  ($60
million) and (v) $245 million in respect of marketable  securities  that we own
in various  development  stage companies,  whose decline in value is considered
other-than-temporary. The Lennard Shelf zinc mine was closed in August 2008 and
the Pend Oreille zinc mine was put on care and maintenance in February 2009 due
to low zinc prices.

Prior to our  acquisition  of Fording's  coal assets,  we owned a 52% effective
interest in Teck Coal,  comprised  of a 40% direct  interest in Teck Coal and a
19.6% interest in the  outstanding  units of Fording.  These prior  investments
were acquired at a cost of approximately $1.3 billion.  Upon acquisition of the
additional  48%,  we  retained  independent  valuation  experts  from  a  large
international accounting firm to assist us in the allocation of our investments
to individual assets and liabilities.  This allocation resulted in $883 million
of  goodwill.  This  goodwill  arose  primarily  as a result of the  accounting
requirement  to record  the net  future  income and  resource  tax  liabilities
associated  with  the  Fording  purchase  on an  undiscounted  basis as well as
changes in expected  future coal prices and  US/Canadian  dollar exchange rates
between the date of the  acquisition  announcement in July 2008 and the closing
of the  acquisition  on October  30,  2008.  We  subsequently  tested  goodwill
relating to Teck Coal for impairment. This test compared the fair value of 100%
of these operations to our carrying value as a whole and takes into account the
lower cost base for our  pre-existing  interest.  Based on expected future cash
flows from 100% of the coal  operations,  the estimated  fair value of the coal
assets exceeds the carrying amount; therefore, we have determined that goodwill
relating to Teck Coal is not impaired.

In  addition,   2008  earnings   included  $329  million  of  negative  pricing
adjustments brought about by the sharp decline in base metal prices,  occurring
mainly in the fourth quarter of the year.

Our  earnings in 2007 were  affected by a $33 million  equity loss ($50 million
pre-tax)  related to our  investment  in the Galore  Creek  project  where mine
construction  was  suspended  due to  escalating  capital costs and a number of
asset write downs totalling $51 million after taxes. The equity loss represents
our after-tax share of the Galore Creek partnership's estimated  demobilization
costs.  The asset  write  downs  relate  to our  investment  in Tahera  Diamond
Corporation,  which was written down due to the severe  financial  difficulties
facing the company.  Due to difficult mining conditions and low ore grades that
impacted their ongoing  profitability,  we also wrote down the property,  plant
and equipment at our Pend Oreille and Lennard  Shelf zinc mines.  We also had a
$59 million  cumulative foreign exchange loss related to the repatriation of US
dollars to Canada to provide  funds for our  acquisition  of Aur. We also had a
$46  million  loss on our  contingent  receivable  related  to the  sale of our
Cajamarquilla refinery compared with a $36 million gain in 2006.

In addition,  we recorded after-tax negative pricing adjustments of $66 million
during 2007 compared with $113 million of positive  adjustments in 2006. An $80
million gain on the reduction of future tax liabilities due to the reduction in
federal income tax rates in Canada and after-tax  gains of $36 million on asset
sales partially offset these effects.

Our 2006 net earnings  included  after-tax gains of $126 million on the sale of
investments, including $103 million on the sale of our investment in Inco.


- -------------------------------------------------------------------------------
22    Teck 2008 Management's Discussion and Analysis
<PAGE>

The table below shows the impact of these items on our earnings.

<TABLE>
<CAPTION>
                                                                                    2008                2007               2006
===================================================================================================================================
<S>                                                                           <C>                 <C>                <C>
 Net earnings as reported                                                     $      659          $    1,615         $     2,431
 Add (deduct) the after-tax effect of:
 Derivative (gains) losses, including
          discontinued operations                                                   (167)                 32                 (36)
 Asset impairment and equity losses                                                  266                  84                   -
 Goodwill impairment                                                                 345                   -                   -
 Impairment of marketable securities                                                 245                   -                   -
 Asset sales and other                                                                73                 (36)               (126)
 Realization of cumulative translation adjustment loss                                 -                  59                   -
 Tax items                                                                           (50)                (80)                (26)
 ----------------------------------------------------------------------------------------------------------------------------------
                                                                                      712                  59               (188)
 ----------------------------------------------------------------------------------------------------------------------------------
  Adjusted net earnings *                                                           1,371               1,674              2,243
 Negative (positive) pricing adjustments                                              329                  66               (113)
 ----------------------------------------------------------------------------------------------------------------------------------
 COMPARATIVE NET EARNINGS *                                                   $    1,700          $     1,740         $    2,130
===================================================================================================================================
</TABLE>
*    Adjusted net earnings and comparative net earnings are non-GAAP  financial
     measures.  See Use of  Non-GAAP  Financial  Measures  section  for further
     information.

Pricing  adjustments  generally  increase  earnings in a rising commodity price
environment and decrease earnings in a declining price environment.  They are a
normal part of our business but we exclude  them from  comparative  earnings in
the table above to provide a better understanding of how our company performed.

In the latter part of 2008 general  conditions in credit  markets  deteriorated
substantially, which had a serious impact on the global economy and contributed
to a  significant  and rapid decline in the demand for and selling price of our
products.  Average  base metal  prices  were down  significantly  in the fourth
quarter of 2008,  with two of our major  products,  copper  and zinc,  dropping
significantly  from prices at the end of September 2008,  resulting in negative
pricing  adjustments  of $474 million  ($270  million  after-tax) in the fourth
quarter alone.

Our earnings in 2008 before  non-recurring  items and pricing  adjustments were
$1.7 billion  compared with $1.7 billion in 2007 and $2.1 billion in 2006.  Net
earnings for 2008 were $659 million compared with $1.6 billion in 2007 and $2.4
billion in 2006.

Earnings  were lower in 2008 due mainly to lower  earnings  from our copper and
zinc business units as a result of the lower average base metal prices,  with a
significant  portion of the decline coming in the last half of the year and the
asset  impairment  charges that we recorded in the fourth  quarter of the year.
This was partially  offset by a substantial  increase in operating  profit from
our coal business unit due to the  significant  increase in coal prices and our
acquisition of Fording's 60% interest in Teck Coal in October 2008.

Cash flow from operations in 2008,  before changes in non-cash  working capital
items,  was $3.7 billion compared with $2.0 billion in 2007 and $2.6 billion in
2006. The changes in cash flow from operations are due mainly to the volatility
in commodity  prices and changes in the  Canadian/US  dollar  exchange rate. In
2008, our earnings  included a $1.5 billion  non-cash  future tax provision and
$881 million of non-cash asset impairment  charges and a provision  against our
marketable  securities.  The decrease in 2007 from 2006 was mainly due to lower
zinc and coal prices and the strengthening of the Canadian dollar.

Cash flow from  operations,  after changes in non-cash  working  capital items,
less scheduled debt repayments,  dividends and sustaining capital expenditures,
was $1.3 billion in 2008 compared with $1.1 billion in 2007 and $2.1 billion in
2006.  At December  31,  2008,  our cash and  temporary  investments  were $861
million.  Total debt was $12.9 billion and our debt to  debt-plus-equity  ratio
was 54% compared with 16% at December 31, 2007.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   23
<PAGE>

OPERATING PROFIT

Our  operating   profit  is  made  up  of  our  revenues  less  the  operating,
depreciation and amortization expenses at our producing operations.  Income and
expenses from our business  activities that do not produce commodities for sale
are included in our other income and expenses.

Our principal commodities are copper,  metallurgical coal, zinc and gold, which
accounted for 27%, 35%, 15% and 5% of revenues respectively in 2008. Molybdenum
is a significant by-product of our copper operations, and lead is a significant
by-product of our zinc operations, respectively accounting for 3% and 5% of our
2008  revenues.  In addition,  our Antamina  copper mine produces a significant
volume of zinc  concentrate.  Other  products  produced  at various  operations
include  silver,  various  specialty  metals,  chemicals and  fertilizers,  and
electricity, and in total accounted for 10% of our revenue in 2008.

Our  acquisitions  of Aur in August 2007 and the Fording coal assets in October
2008 had a significant impact on our revenues, operating expenses and operating
profits.  In 2008,  our results  included a full year of results from the three
mines we acquired  from Aur  compared  with just over four  months in 2007.  In
addition,  our 2008 operating  profit  includes our 40% share of the results of
Teck Coal until the end of October and 100%  thereafter  compared with only our
40%  direct  interest  for all of 2007.  Accordingly,  these  two  acquisitions
account for a portion of the  increase in  revenues,  operating  expenses,  and
depreciation and amortization.  Our operating profit was negatively affected by
the decline in base metal prices that occurred during 2008.


2008 REVENUE BY DIVISION    2008 REVENUE BY COMMODITY     2008 OPERATING PROFIT
                                                              BY DIVISION*
[GRAPHIC OMITTED]               [GRAPHIC OMITTED]          [GRAPHIC OMITTED]


                           2008 Revenue by Division
                           ------------------------

                                     2007             2008
                  -----------------------------------------
                  Copper            2,186            2,156
                  Zinc              3,052            2,071
                  Coal                951            2,428
                  Gold                182              249

                           2008 Revenue by Commodity
                           -------------------------

                                     2007             2008
                  -----------------------------------------
                  Copper           1,753            1,827
                  Moly               222              182
                  Zinc             1,995            1,056
                  Lead               605              373
                  Coal               952            2,428
                  Gold               229              332
                  Other              615              706

                      2008 Operating Profit by Division*
                      ----------------------------------

                                     2007             2008
                  -----------------------------------------
                  Copper            1,459            1,146
                  Zinc              1,328              439
                  Coal                249            1,226
                  Gold                 35               84
                  -----------------------------------------
                                    3,071            2,895
                  =========================================

                  *  Before depreciation and amortization

Our  revenues  are  affected  by sales  volumes,  which are  determined  by our
production  levels and demand for the commodities we produce,  commodity prices
and currency exchange rates.

Our consolidated  revenues were $6.9 billion in 2008 compared with $6.4 billion
in 2007 and $6.5 billion in 2006.  Our 2008 revenues  increased by $502 million
as a result of  having a full year of  revenue  from the three  mines  acquired
through  our  acquisition  of Aur and the effect of  significantly  higher coal
prices  and 100% of the  revenues  of Teck Coal for the last two  months of the
year.  This was  partially  offset by the decline in average base metal prices,
particularly  copper,  zinc and lead in the fourth quarter of 2008 resulting in
significant negative pricing adjustments and lower zinc sales volumes.

At December 31, 2007,  outstanding  receivables  included 180 million pounds of
copper  provisionally  valued at an average of US$3.04  per pound,  296 million
pounds of zinc valued at an average of US$1.05 per pound and 74 million  pounds
of lead provisionally  valued at an average of US$1.15 per pound.  During 2008,
the copper  receivables  were settled at an average  final price of US$3.55 per
pound,  zinc  receivables were settled at an average final price of US$1.08 per
pound and lead at US$1.25  per pound,  resulting  in positive  after-tax  final
pricing  adjustments  of  $57  million  in  the  year  compared  with  negative
adjustments  of  $56  million  in  2007.  We  also  recorded  negative  pricing
adjustments  of $386  million for sales  recorded  during  2008,  most of which
occurred  in the fourth  quarter due to the  significant  decline in base metal
prices.  At December 31,  2008,  outstanding  receivables  included 164 million
pounds of copper  provisionally  valued at an average of US$1.40 per pound, 195
million pounds of zinc valued at an average of US$0.54 per pound and 45 million
pounds of lead valued at an average of US$0.42 per pound.

- -------------------------------------------------------------------------------
24    Teck 2008 Management's Discussion and Analysis
<PAGE>

Our  operating  costs  include  all of the  expenses  required  to produce  our
products, such as labour, energy, operating supplies, concentrates purchased at
our Trail  refining  and  smelting  operation,  royalties,  and  marketing  and
distribution  costs  required  to sell and  transport  our  products to various
delivery points. Due to the geographic locations of many of our operations,  we
are highly dependent on third parties for the provision of rail, port and other
distribution  services. In certain  circumstances,  we negotiate prices for the
provision of these services where we may not have viable  alternatives to using
specific  providers,   or  may  not  have  access  to  regulated   rate-setting
mechanisms.  Contractual  disputes,  demurrage charges,  rail and port capacity
issues,  availability  of vessels  and  railcars,  weather  problems  and other
factors can have a material  effect on our ability to transport  materials from
our suppliers and to our customers in accordance with schedules and contractual
commitments.

The  magnitude  of our  operating  costs is dictated  mainly by our  production
volumes, the costs of labour,  operating supplies and concentrate purchases; by
strip  ratios,  haul  distances  and ore  grades;  and by  distribution  costs,
commodity  prices  and  costs  related  to  non-routine  maintenance  projects.
Production  volumes mainly affect our variable  operating and our  distribution
costs.  In addition,  production  may also affect our sales  volumes and,  when
combined with  commodity  prices,  affects  profitability  and  ultimately  our
royalty expenses.

Our operating expenses were $4.0 billion in 2008, compared with $3.3 billion in
2007 and $2.7  billion  in 2006.  Like  many of our  competitors,  we have been
facing  rising  costs  for  labour,  fuel and  energy,  consumables  and  other
operating  supplies.  In  addition  to  general  cost  increases,   significant
increases in our 2008 operating expense include $236 million from having a full
year of expenses  from the three mines  acquired  from Aur in August 2007,  and
$173 million  related to an extra two months of expenses for the additional 60%
of Teck Coal that we acquired from Fording on October 30, 2008.

We determine our depreciation  and amortization  expense using various methods.
Plant and equipment are depreciated and amortized on a straight-line basis over
their estimated useful lives at our refining and smelting  operations in Trail.
Plant  and   processing   facilities   at  our  mines   are   amortized   on  a
units-of-production  basis  over  the  lesser  of  their  useful  lives  or the
estimated proven and probable ore reserves. Mobile equipment is depreciated and
amortized using operating  hours and buildings,  and other site  infrastructure
over  their  estimated   useful  lives.   Accordingly,   our  depreciation  and
amortization expense varies to some degree with our production volumes. In 2008
our  depreciation  expense was $513 million  compared with $333 million in 2007
and  $264  million  in  2006.  The  main  reasons  for the  increase  were  our
acquisitions  of Aur in August  2007 and the  Fording  assets in October  2008.
These two  acquisitions  resulted in an additional $170 million of depreciation
and amortization compared with 2007.

OTHER EXPENSES

<TABLE>
<CAPTION>
==================================================================================================================================
($ in millions)                                                                           2008               2007             2006
- ----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                    <C>                <C>              <C>
General and administrative                                                                $ 89            $   109          $    96
Interest and financing                                                                     182                 85               97
Exploration                                                                                135                105               72
Research and development                                                                    23                 32               17
Asset impairment                                                                           589                 69                -
Other expense (income)                                                                     (31)              (170)            (316)
Provision for income and resource taxes                                                    658                795            1,213
Non-controlling interests, net of tax                                                       82                 47               19
Equity loss (earnings), net of tax                                                         (22)                 5              (32)
Loss (earnings) from discontinued operations, net of tax                                    18                 46              (36)
- ----------------------------------------------------------------------------------------------------------------------------------
                                                                                       $ 1,723            $ 1,123          $ 1,130
==================================================================================================================================
</TABLE>

General and  administration  expense was $89 million in 2008 compared with $109
million  in 2007 and $96  million  in 2006.  The  decrease  is mainly  due to a
decline in our share  price,  which  resulted in a reduction of our stock based
compensation  expense. The increase in 2007 over 2006 was due to an increase in
general business activities.

Our interest expense of $182 million in 2008 was significantly  higher than the
$85 million for 2007, due mainly to the additional  debt we incurred to finance
our  acquisition  of Fording's  coal assets.  Interest  expense in 2007 was $12
million  lower than 2006 due to our lower average debt levels,  lower  interest
rates and the strengthening of the Canadian dollar.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   25
<PAGE>

We must  continually  replace  our  reserves  as they are  depleted in order to
maintain  production levels over the long term. We endeavour to do this through
our exploration and development program and through acquisition of interests in
new  properties  or in  companies  that own such  properties.  Exploration  for
minerals and oil and gas is highly  speculative  and the projects  involve many
risks. The vast majority of exploration projects are unsuccessful and there are
no assurances  that current or future  exploration  programs will find deposits
that are ultimately brought into production.

Our main  exploration  efforts in 2008 were focused on copper in North America,
South America,  and Namibia and zinc in Alaska,  Australia and Ireland. We also
participated in several equity  financings with junior companies  exploring for
the same commodities in favourable jurisdictions.  Exploration expense was $135
million in 2008  compared  with $105  million in 2007 and $72  million in 2006.
Increased exploration  activities and the increase in costs of contractors were
the main reasons for the rising exploration  expense in 2008 and 2007. The 2008
expenditures  include development  projects such as Quebrada Blanca,  Relincho,
Mesaba and  Carrapateena  (totalling  approximately  $44  million) and seafloor
exploration ($16 million).

Our  research  and  development  expenditures  are  focused  on  advancing  our
proprietary CESL hydrometallurgical technology, the development of internal and
external  growth  opportunities,  and the  development  and  implementation  of
process and environmental  technology improvements at operations.  In 2008, our
research  and  development  expenditures  were $23  million  compared  with $32
million in 2007 and $17 million in 2006.

Asset  impairment  charges  totalling  $589 million  before taxes  included the
following:

o    $345 million of goodwill arising out of the acquisition of Aur Resources,

o    $179 million in respect of our Duck Pond,  Lennard  Shelf and Pend Oreille
     mines.  The Lennard  Shelf mine ceased  operations in August 2008 and Pend
     Oreille was put on care and maintenance in February 2009, and

o    $22 million to write-off our investment in the  Petaquilla  copper project
     in Panama,  $35 million on the Santa Fe nickel  project in Brazil,  and $8
     million for other exploration properties.

The asset  impairment  charges in 2007 were taken against the Lennard Shelf and
Pend Oreille zinc mines and our  investment  in Tahera  Diamonds,  which sought
creditor  protection  in  early  2008  and has been  operating  under  Canada's
Companies' Creditors Arrangement Act since that time.

Other  income,  net of other expense was $31 million in 2008 compared with $170
million in 2007 and $316  million  in 2006.  Other  income and  expense in 2008
included $285 million of gains on our derivative contracts,  mainly from copper
and zinc  contracts,  $56 million of interest  income and a $69 million foreign
exchange  translation  gain.  This  was  partially  offset  by $71  million  of
reclamation  and  environmental  expenses  and a $292  million  write  down  of
marketable securities that we own in various development stage companies, whose
decline in value is  considered  other-than-temporary.  These  investments  are
marked to market each period through other comprehensive income and this charge
represents a transfer from other  comprehensive  income to regular earnings and
does not affect their  carrying  value or our  shareholders'  equity.  In 2007,
interest  income was $177 million and we had $55 million of gains from the sale
of investments.  With the decline in the zinc price in the latter part of 2007,
our  derivative  liability on the Duck Pond zinc  positions  was reduced by $53
million.  Offsetting  this other  income was a $59 million  cumulative  foreign
exchange  loss related to the  repatriation  of US dollars to Canada to provide
funds for the  acquisition  of Aur,  $26 million of  reclamation  at our closed
operations  and $25 million on non-hedge  derivative  losses mainly on our gold
positions.

Income  and  resource  taxes  were  $658  million  in 2008,  or 47% of  pre-tax
earnings.  This is substantially higher than the Canadian statutory tax rate of
31% as there is no tax recovery for our write downs related to goodwill and the
write  downs  of our  investments  are  taxed  at lower  capital  gains  rates.
Offsetting  these  items  were net tax  items  of $50  million  related  to the
resolution  of  previously   uncertain  tax  provisions  and  income  tax  rate
reductions.

Our non-controlling  interest expense relates to the ownership interests in our
Highland Valley,  Quebrada  Blanca,  Carmen de Andacollo and Elkview mines that
are held by third parties.  The $35 million  increase in 2008 was due mainly to
our partners  sharing in a full year of earnings  from the Quebrada  Blanca and
Carmen de Andacollo  mines  compared  with just over three months in 2007 as we
acquired those mines from Aur in late August 2007. The minority partners in the
Elkview mine also benefitted from the higher 2008 coal year prices.

- -------------------------------------------------------------------------------
26    Teck 2008 Management's Discussion and Analysis
<PAGE>

We account for our investments in Fording (until October 30, 2008),  Fort Hills
Limited  Partnership and the Galore Creek  Partnership using the equity method.
In September 2007, we increased our interest in Fording to 19.95% by purchasing
an additional  16.65 million units for $599 million.  Our equity  earnings from
Fording were $89 million in 2008,  $28 million in 2007 and $32 million in 2006.
2008  includes  our share of  earnings  until we acquired  Fording's  assets on
October  30,  2008.  The  increase  over 2007 was due to our  higher  ownership
interest for the entire year and the substantial  increase in coal prices. This
increase  was  partially  offset by foreign  exchange  losses.  Our 2008 equity
earnings from the Galore Creek  Partnership was $18 million compared with a $33
million  equity  loss in 2007  related  to our  share of  demobilization  costs
resulting  from the  decision  to  suspend  construction  of the  Galore  Creek
project.  Demobilization  activities  have gone  better  than  expected in 2008
resulting in a reduction of the  provision  for these costs,  which is the main
reason for the equity  earnings in 2008.  The equity  earnings from Fording and
Galore were offset by an $85 million  equity loss from our  investment  in Fort
Hills. The equity loss from Fort Hills related to asset impairment charges as a
result of the  deferral of the  upgrader  portion of the  project and  contract
termination charges.

Our  earnings  from  discontinued  operations  relate to a price  participation
provision in a 2004 agreement to sell our Cajamarquilla  zinc refinery.  We are
entitled to additional  consideration  of US$365,000  for each US$0.01 by which
the average  annual price of zinc exceeds  US$0.454 per pound.  This zinc price
participation  expires at the end of 2009.  The changes  between  2006 and 2008
relate  primarily  to  changes  in the  zinc  price  and new  accounting  rules
implemented  in 2007.  In 2006, we accrued $36 million,  net of taxes,  for the
additional  consideration  based on the average annual zinc price for the year.
Effective  January 1, 2007,  upon adoption of the new  accounting  standard for
financial  instruments,  we recorded an asset of $139 million by increasing our
retained  earnings in respect of the  contingent  receivable,  which was valued
based on the zinc price  forward  curve at December 31, 2006.  The new standard
for financial  instruments required us to mark this receivable to market at the
end of each quarter.  With the decline in the zinc price that  occurred  during
2007 from historical highs in late 2006, the mark-to-market  adjustment in 2007
resulted in a $46 million  after-tax  reduction in the  receivable and with the
continuing decline in the zinc price, the mark-to-market adjustment in 2008 was
$18 million.  In January 2007, we received  approximately US$36 million for the
2006 price participation payment and in January 2008 we received  approximately
US$38 million for the 2007 payment. The amount due for 2008 is US$14 million.

FINANCIAL POSITION AND LIQUIDITY

Our  primary  sources  of  liquidity  and  capital  resources  are our cash and
temporary investments,  cash flow provided from operations,  including expected
tax refunds,  and the proceeds of potential asset sales,  which must be used to
pay down our bridge facility.

Our cash position  decreased during the year by $558 million to $850 million at
December  31,  2008.  During  2008,  funds on hand  and  funds  generated  from
operations were reinvested in capital equipment,  investments and our oil sands
projects in the amount of $1.6 billion. We also paid down debt of approximately
$1.2  billion,   including  $374  million   assumed  as  part  of  the  Fording
transaction.  The cash portion of the Fording  transaction  was fully funded by
the new bridge and term facilities.

Total debt  balances  were $12.9  billion at December 31, 2008,  of which $11.2
billion  (US$9.3  billion)  relates to the  financing  incurred  to acquire the
Fording  assets,  $7.8  billion  of the debt is due in  2009.  We also had bank
credit  facilities  aggregating  $1.3 billion,  97% of which mature in 2012 and
beyond.  Our unused credit lines under these  facilities after drawn letters of
credit amounted to $1.1 billion.  Our senior  unsecured debt is currently rated
Ba3 by  Moody's  Investor  Services,  BBB- by  Standard  and  Poor's and BBB by
Dominion Bond Rating Service, all with negative outlooks.

OPERATING CASH FLOW

Cash flow from  operations  was $2.1 billion in 2008 compared with $1.8 billion
in 2007 and $2.9 billion in 2006. Factors which affected cash flow included the
effect of sharp declines in commodity prices,  which led to pricing adjustments
on our receivables of $255 million from September to December, inclusive.

The  acquisition  of Fording's  assets also added directly to our cash flows in
November and December  2008.  Operating  profits from the acquired  assets were
$186 million in the year,  which  included a non-cash  charge against income of
$188 million related to acquisition accounting for inventories. These valuation
adjustments  reduced our recorded earnings from sales of acquired  inventories,
but not our cash flow. In addition,  as part of the  acquisition of the Fording
assets,  we assumed US$1.4 billion of US dollar forward sales contracts with an
average exchange rate of C$1.01 per US$1.00. Settlement of these contracts used
$123 million of cash in the fourth quarter of 2008.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   27
<PAGE>

INVESTING ACTIVITIES

Capital  expenditures  were $939 million in 2008 and  included  $394 million on
sustaining capital, $358 million on development projects,  $137 million for the
acquisition  of  the  Relincho   copper  project  (plus  6.9  million  Class  B
subordinate  voting  shares  valued at $287  million)  and $50  million  on our
non-Fort  Hills oil sands  properties.  The largest  components  of  sustaining
expenditures  were $118  million at Teck Coal,  $50  million at  Antamina,  $48
million at Red Dog and $44 million at Trail.  Development expenditures included
$170  million for  preparatory  stripping  and capital  equipment  for Highland
Valley Copper's mine life extension project and $178 million on the development
of the hypogene deposit at Carmen de Andacollo.

Investments in 2008 totalled $12.3 billion,  of which $11.6 billion was for the
acquisition  of the Fording  assets and $505 million was our share of costs for
our investments in Fort Hills and the Galore Creek project.

FINANCING ACTIVITIES

The major financing activity in 2008 was the debt incurred to partially finance
our acquisition of Fording's assets in October 2008. The acquisition  financing
included a US$5.8 billion  364-day  bridge  facility due October 29, 2009 and a
US$4 billion three year  amortizing  term loan  facility  repayable in 11 equal
quarterly  instalments  starting in April  2009.  During the last two months of
2008, we repaid US$460  million  ($573  million) on the bridge  facility and we
paid US$150 million ($183 million) to retire the revolving credit facility that
we assumed upon our  acquisition of Aur Resources in 2007. The repayment of the
Aur revolving  credit  facility in the third quarter,  released  US$153 million
($187 million) of cash  collateral that was held as security for that facility,
which we previously  included in other assets on our balance sheet as this cash
was not available for general corporate purposes.  In addition,  we also repaid
US$305 million ($374  million) of long-term debt we assumed on the  acquisition
of  Fording  and  $98  million  of  the  6.75%  debentures  we  assumed  on our
acquisition of Aur.

LIQUIDITY RISK

On September 30, 2008, we entered into definitive  financing agreements related
to bridge and term loan facilities and the conditions precedent to our purchase
of the assets of the Fording  Canadian Coal Trust  ("Fording") and our lenders'
funding  obligations were  substantially  satisfied.  Our original plan for the
acquisition  was  to  refinance  a  substantial   portion  of  the  acquisition
facilities  prior to or shortly after closing of the  transaction  with various
types of long-term  debt and to repay the balance with cash flow from operating
activities prior to the maturity of the term facility. In the fourth quarter of
2008 and prior to the  closing  of the  transaction,  conditions  in the credit
markets deteriorated  substantially,  effectively closing the credit markets to
us. These credit market  conditions had a serious impact on the global economy,
which has  contributed to a significant and rapid decline in the demand for and
selling  price of the base  metal  products  we  produce.  As a result of these
conditions, which have continued into 2009, our credit ratings were lowered and
our share price has declined substantially.

Current weak global economic conditions and the downgrade in our credit ratings
make  access to the credit and  capital  markets  difficult  for us,  which may
compromise  our  ability  to  repay  or  refinance  all  or a  portion  of  the
acquisition  loans as they become due. We are currently in compliance  with the
financial covenants under our credit agreements, which establish a maximum debt
to total  capitalization ratio of 60% at the end of each calendar quarter until
it declines to 50% at  September  30, 2009.  At December 31, 2008,  our debt to
total  capitalization  ratio  was  54%.  To  maintain  our  current  production
forecasts for 2009, we expect capital spending of approximately $500 million in
2009 and with the  re-scaling of that project,  our  contributions  to the Fort
Hills Energy  Limited  Partnership  are expected to decline to $330 million for
our share of the remaining  costs  necessary to get to a sanctioning  decision.
Based on expected  free cash flow we will not  generate  sufficient  funds from
operations to repay the entire obligation on the bridge facility that is due on
October 29, 2009,  and will need to generate funds from other sources to do so,
or will need an extension or refinancing of the bridge loan.

As at December 31, 2008, US$5.3 billion of the bridge facility and US$4 billion
of the term facility were  outstanding.  All of the bridge  facility and US$1.1
billion of the term facility is due on or before October 29, 2009.

To address our near-term liquidity requirements, we have begun discussions with
our lenders to negotiate  amendments to the bridge  facility to provide us with
additional time to generate cash and/or access appropriate sources of long-term
financing to repay the bridge  facility.  There can be no assurance  that these
negotiations will be successful.  We have also taken a number of other steps to
assist us in  meeting  our  repayment  obligations,  including  suspending  the
dividends on

- -------------------------------------------------------------------------------
28    Teck 2008 Management's Discussion and Analysis
<PAGE>

our Class A common and Class B subordinate voting shares,  reducing capital and
discretionary  spending,  expediting  tax  refunds  of  $1.1  billion,  closing
unprofitable  operations  and  reducing  the size of our  global  workforce  by
approximately  13%. To date we have sold our  interest in the  Lobo-Marte  gold
property for US$40 million and 5.6 million Kinross  shares,  and have announced
the sale of our interest in the Hemlo mines for US$65  million and our indirect
interest in a Peruvian  company,  Sociedad  Minera El Brocal S.A.A.,  for US$35
million.  We are also pursuing  other  potential  asset sales.  There can be no
assurance that we will be able to complete further  sufficient asset sales on a
timely basis.

Our ability to repay or refinance the bridge facility prior to its maturity and
make the quarterly instalment payments on the term facility depends on a number
of factors, some of which are beyond our control.  These include general global
economic, credit and capital market conditions,  and the demand for and selling
price of our  products,  in  particular  metallurgical  coal.  There  can be no
assurance that our credit ratings will not be downgraded  further,  which would
further  increase  our costs of  borrowing  and  further  limit our  ability to
refinance our existing debt. There is no assurance that the expected cash flows
from  operations  in  combination  with asset sales and other steps being taken
will  allow us to meet  these  obligations  as they  become  due,  that we will
continue to meet the financial  covenants under our various lending agreements,
or that we will be  successful  in  renegotiating  or  refinancing  the  bridge
facility.  Accordingly,  it is  possible  that we  could be in  default  of our
various  lending  agreements  prior to the end of 2009,  which could  result in
outstanding  obligations  becoming  immediately  due and payable  unless we can
obtain waivers from the lenders.

Although  we have  approximately  $1.1  billion in unused  credit  lines  under
various bank credit  facilities,  there can be no assurance,  given our current
financial  condition,  that these  credit  lines will be  available to us if we
should need to draw on them, or that our maturing credit lines of US$50 million
and  miscellaneous  letters of credit totalling $258 million will be renewed in
the ordinary  course.  Our existing debt obligations will constrain our capital
spending and that may have an adverse effect on our operations. Our debt levels
will also limit our ability to expand our operations or make other  investments
that would enhance our competitiveness.

In a cyclical industry such as ours,  history has shown that periodic spikes in
commodity  prices can result in  substantial  increases in our  company's  cash
flow.  Many of our major  operations  are  long-life  assets  with  significant
reserves  and  resources  and have lives  exceeding  20 years  based on current
production  levels.  If we are to realize the benefit of the economic  recovery
when it occurs,  we must more closely  match the term of our debt  structure to
the life of our  assets.  We  believe  that our access to  financial  resources
through  capital  markets  transactions  has  been  limited  mainly  due to the
effective  closure of the  capital  markets  brought  about by the  significant
deterioration  in the  financial  markets in the latter half of 2008,  which we
believe has also  contributed to the significant  decline in the demand for and
selling price of our products.  Accordingly,  there is some risk that the steps
described above will not be successful in allowing us to meet our  obligations,
which may require us to sell core assets or raise debt or equity capital, which
management  believes  would enable us to satisfy our  obligations  as they fall
due. However,  these actions may have a material adverse effect on our business
and on the market prices of our equity and debt securities.

<TABLE>
<CAPTION>
QUARTERLY EARNINGS AND CASH FLOW

=========================================================================================|==========================================
(in millions except for per share data)                           2008                   |                    2007
- -----------------------------------------------------------------------------------------|------------------------------------------
                                               Q4            Q3         Q2         Q1    |    Q4          Q3         Q2         Q1
- -----------------------------------------------------------------------------------------|------------------------------------------
<S>                                          <C>          <C>         <C>        <C>        <C>         <C>        <C>        <C>
Revenues                                     $1,663       $1,800      $1,870     $1,571  |  $1,538      $1,932     $1,561     $1,340
Operating profit before depreciation and                                                 |
   amortization                                 372          817         984        722  |     568         987        832        684
Net earnings (loss)                            (607)         424         497        345  |     280         490        485        360
Earnings (loss) per share                     (1.28)        0.95        1.12       0.78  |    0.64        1.15       1.14       0.83
Cash flow from operations                       598          873         500        161  |     602         814        193        152
=========================================================================================|==========================================
</TABLE>

In the fourth quarter of 2008 general conditions in credit markets deteriorated
substantially, which had a serious impact on the global economy and contributed
to a  significant  and rapid decline in the demand for and selling price of our
products. Average base metal prices were down significantly from average prices
in the fourth quarter of 2007, with two of our major products, copper and zinc,
down 45% and 55% respectively. The decline in prices was most pronounced in the
fourth quarter,  and resulted in negative  pricing  adjustments of $474 million
($270 million after-tax).

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   29

<PAGE>

Revenues from  operations were $1.7 billion in the fourth quarter of 2008, $125
million  higher  than  the  comparable  period  in  2007.  Revenues  from  coal
operations  increased by $845 million,  with $561 million  attributable  to our
increased  ownership interest in Teck Coal and the balance due to significantly
higher coal prices  compared with a year ago. This was offset by  significantly
lower copper and zinc prices and negative  pricing  adjustments of $474 million
(before $38 million of royalty  charge  recoveries)  recorded by our copper and
zinc operations.

Despite the challenging global economic  conditions,  we generated $598 million
of cash from  operating  activities.  Fourth quarter  earnings were  negatively
affected by after-tax,  non-cash asset and goodwill  impairment charges of $844
million and negative  pricing  adjustments of $270 million brought about by the
sharp  decline  in  commodity  prices.  The net loss for the  quarter  was $607
million, or $1.28 loss per share.

Our copper business unit generated an operating profit before  depreciation and
negative  pricing  adjustments of $205 million in the fourth  quarter  compared
with $367 million in 2007.  Copper prices declined sharply by approximately 50%
since the end of the  third  quarter,  resulting  in $335  million  (2007 - $90
million)  of  negative  copper  pricing  adjustments.  After  depreciation  and
negative  pricing  adjustments,  the copper business unit incurred an operating
loss of $214  million  compared  with a $235  million  operating  profit in the
fourth quarter of 2007.  This does not include gains  totalling $199 million on
our  copper  derivative  contracts,  which are  included  in other  income  and
expenses.

Operating   profit  from  our  coal  business  unit  was  $516  million  before
depreciation  in the  fourth  quarter,  which  included  one month of  earnings
reflecting  our 40%  interest in Teck Coal and two months  reflecting  our 100%
interest  starting from October 30, 2008, our  acquisition  date of the Fording
assets.  Deducted from operating profits in the fourth quarter was $188 million
as a one-time fair value adjustment made to coal inventories on the acquisition
of Fording.  The revaluation  established a higher value for coal  inventories,
based on current contract prices at the date of acquisition. The adjustment did
not affect cash flows.  On a 100% basis,  coal sales  volumes  were 4.7 million
tonnes in the fourth quarter  representing a 22% decline from the same period a
year ago, as our customers  significantly reduced their coal deliveries in late
2008 in response to lower steel  production.  Coal prices  averaged  US$247 per
tonne  which was  significantly  higher  than US$93 per tonne  realized  in the
fourth quarter of 2007, but lower than our settled 2008 coal year average price
of US$275 per  tonne.  This  resulted  from the sale of  approximately  500,000
tonnes of lower priced thermal and residual 2007 coal year tonnages sold in the
quarter at lower prices.

The operating profit before  depreciation and pricing adjustments from our zinc
business unit was $62 million in the quarter  compared with $283 million in the
fourth quarter of 2007, mainly as a result of significantly lower zinc and lead
prices and lower zinc sales  volumes.  Our $82  million  operating  loss in the
fourth quarter included $101 million of negative pricing  adjustments  compared
with $52 million in the fourth quarter of 2007. The Trail metallurgical complex
reduced its refined zinc production by approximately  4,000 to 5,000 tonnes per
month  effective in late  November in response to poor market  conditions.  The
duration of this curtailment will depend on market conditions,  but will likely
continue  for at least six months.  In addition,  we announced in  mid-December
that due to reduced metal demand and  persistent  weakness in zinc prices,  the
Pend  Oreille  mine  will be  placed  on  care  and  maintenance  by the end of
February,  2009.  Gains totalling $45 million on our zinc derivative  contracts
are included in other income and expense.

Our gold business  unit  performed  well in the fourth  quarter and provided an
operating  profit of $12 million in the quarter compared with $8 million in the
same  period a year ago.  The  increase in  operating  profit was due to higher
realized gold prices.

OUTLOOK

The  information  below is in addition to the  disclosure  concerning  specific
operations included above in the Operations and Corporate  Development sections
of this document and in addition to the  discussion  of our ongoing  efforts to
refinance the debt incurred on the  acquisition of Fording's  assets  described
above under the heading "Financial Position and Liquidity".

GENERAL ECONOMIC CONDITIONS

Current problems in credit markets and deteriorating global economic conditions
have led to a  significant  weakening of exchange  traded  commodity  prices in
recent  months,  including  base metal prices.  Volatility in these markets has
also been  unusually  high.  It is  difficult in these  conditions  to forecast
commodity prices or customer demand for our products.  Credit market conditions
have also increased the cost of obtaining  capital and limited the availability
of funds.  Accordingly,  management  is  reviewing  the  effects of the current
conditions on our business.

- -------------------------------------------------------------------------------
30    Teck 2008 Management's Discussion and Analysis
<PAGE>

COMMODITY PRICES AND 2009 PRODUCTION

Commodity prices are a key driver of our earnings and despite the sharp decline
in metal and commodity prices that occurred in the second half of 2008, current
prices are still above  historic  averages.  On the supply side,  the depleting
nature of ore  reserves,  difficulties  in finding new ore bodies,  progressing
through the permitting process,  finding skilled resources to develop projects,
infrastructure  constraints and significant cost inflation may continue to have
a  moderating  impact  on the  growth  in future  production.  Although  we are
concerned about current global economic conditions,  particularly in the United
States,  we believe that,  over the longer term, as China and India continue to
industrialize,  those two economies will continue to be major positive  factors
in the future  demand for  commodities.  We believe  that the  long-term  price
environment for the products that we produce and sell remains favourable.

Based on our expected 2009 production and prices prevailing at December 31, the
sensitivity  of our annual  earnings to a 1% change in commodity  prices before
pricing adjustments is as follows:

                                                       Effect of 1% change
                                    2009               on Annual After-Tax
                         Production Plan                          Earnings
- -------------------------------------------------------------------------------
Coal (tonnes)                 20,000,000                      $ 21 million
Copper (tonnes)                  330,000                      $  6 million
Zinc (tonnes)                    960,000                      $  4 million
Lead (tonnes)                    210,000                      $  1 million
Gold (ounces)                    160,000                      $  1 million
Molybdenum (pounds)            8,500,000                      $  1 million
- -------------------------------------------------------------------------------

Notes:

(1)  The effect on our earnings of commodity  price and exchange rate movements
     will vary from quarter to quarter depending on sales volumes.
(2)  Zinc includes  270,000  tonnes of refined zinc and 690,000  tonnes of zinc
     contained in concentrates. (3) Lead includes 85,000 tonnes of refined lead
     and 125,000 tonnes of lead contained in concentrates.  (4) Asset sales and
     financing  transactions  may affect our 2009 production plans and earnings
     sensitivities.
     Gold production for 2009 assumes completion of the sale of our Hemlo mines
     that was announced in February, 2009.
(5) All production estimates are subject to change based on market conditions.

In addition,  as a result of the Fording  transaction our earnings will be more
sensitive to changes in the Canadian/US  dollar exchange rate.  Based on prices
and the exchange  rate  prevailing  at December 31, 2008,  our current rates of
production and designation of approximately one-half of our US dollar debt as a
hedge  of  our  US  dollar   denominated   foreign   operations,   post-Fording
acquisition,  a 1% weakening of the Canadian dollar against the US dollar would
decrease 2009 earnings by approximately $50 million,  after taking into account
our US dollar forward sales contracts.

At December 31, 2008,  outstanding  receivables  included 164 million pounds of
copper  provisionally  valued at an average of US$1.40  per pound,  195 million
pounds of zinc valued at an average of US$0.54 per pound and 45 million  pounds
of lead  provisionally  valued at an average of US$0.42 per pound.  Final price
adjustments  on these  outstanding  receivables  will  increase or decrease our
revenue in 2009 depending on metal prices at the time of settlement.

Copper and zinc prices are currently  trading  approximately  50% and 40% lower
than 2008 average prices, respectively. Molybdenum prices are approximately 65%
lower than 2008 average  prices and lead prices are trading 50% lower than 2008
averages.  Gold  prices  are  approximately  10% higher  than the 2008  average
prices.  Partly  offsetting  the lower  commodity  prices is a weaker  Canadian
dollar,  which is currently trading at an exchange rate of $1.25 against the US
dollar compared with US$1 averaging C$1.07 in 2008.

Our copper  production  for 2009 is expected to increase by 5% from 2008 levels
to 330,000 tonnes.  Highland Valley's copper production is expected to increase
by approximately  10,000 tonnes from 2008, as grades and recoveries at the mine
are expected to improve during 2009.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   31
<PAGE>

Our zinc contained in  concentrate  production in 2009 is expected to be 27,000
tonnes  higher than in 2008.  Red Dog is expected  to  increase  production  by
58,000  tonnes  as a result  of  higher  ore  grades,  while  our share of zinc
production  from  Antamina and Duck Pond will  increase by 19,000 tonnes due to
ore body  sequencing.  These  production  increases  will be partly offset as a
result of the  closure of Lennard  Shelf and Pend  Oreille  mines in 2008 which
result in production losses of 50,000 tonnes.

Due to sea ice  conditions,  Red Dog has a shipping window that normally starts
in early July and ends in late October.  If ice or other weather conditions are
such that the shipping season is delayed, our quarterly sales patterns can vary
substantially. Sales and profits of the Red Dog mine follow a seasonal pattern,
with higher sales  volumes of zinc and most of the lead sales  occurring in the
last five months of the year following the  commencement of the shipping season
in July.

Refined zinc  production  from our Trail  metallurgical  complex is expected to
remain  similar  in 2009 at  270,000  tonnes  despite  implementing  production
curtailments  in late 2008 in response to changing market  conditions.  Current
premiums for zinc metal and customer deliveries suggest ongoing weakness in the
zinc metal markets.

Coal marketing  discussions are beginning for the 2009 coal year that commences
April 1, 2009. Integrated steel mills have curtailed production  significantly,
reducing demand for raw material inputs including  metallurgical  coal. Current
market sentiment is that US dollar coal prices will decrease substantially from
the 2008 coal year.  Our coal  sales  volumes  are  currently  estimated  at 20
million tonnes in 2009.  Coal sales volumes and price guidance for 2009 will be
confirmed after contracts for the 2009 coal year have been settled. Coal prices
in the first  quarter of 2009 are expected to decline  from the fourth  quarter
average  price of US$247 per tonne to  approximately  US$190 per tonne due to a
higher  percentage of sales of lower priced  thermal coal. At December 31, 2008
there was  approximately  500,000  tonnes of  carryover  remaining  under lower
priced 2007 coal year contracts,  substantially  all of which is expected to be
delivered in the first quarter of 2009.  Further,  the winter months  typically
present  challenging  shipping  conditions for Teck Coal that could potentially
impact first quarter results and further increase the amount of carryover.  Our
westbound  rail  contract with CP Rail for the movement of coal to the ports in
greater Vancouver expires at the end of March 2009.

Our  share  of gold  production  is  expected  to be  160,000  ounces  in 2009,
comprised  of  approximately  140,000  ounces from our 40% interest in Pogo and
20,000 ounces of by-product production from our other mining operations. We are
also pursuing the potential sale of our gold assets.

CAPITAL EXPENDITURES

Our 2009 capital expenditures,  excluding the Fort Hills oil sands project, are
expected to be approximately $500 million, including $250 million of sustaining
capital expenditures and $250 million on development projects.  Our development
expenditures  estimate  of $250  million  includes  $190  million for Carmen de
Andacollo's  hypogene  project  and $30  million  for  Highland  Valley's  mine
expansion.  We also expect to spend  approximately $330 million on our share of
costs for the Fort Hills oil sands project.  We are reviewing our discretionary
capital  spending in light of current market  conditions and our debt reduction
targets.

ASSET SALES

In January  2009,  we sold our 60% interest in the  Lobo-Marte  gold project in
Chile to  Kinross  Gold  Corporation  (Kinross)  for US$40  million in cash and
approximately  5.6 million Kinross common shares.  We will also receive a 1.75%
net smelter return royalty, which shall not exceed US$40 million, in respect of
60% of production from  Lobo-Marte,  payable when gold prices exceed US$760 per
ounce.  We  expect to record a  pre-tax  gain in the first  quarter  of 2009 of
approximately CDN$160 million on the transaction.

In February, 2009 we announced the sale of our interest in the Hemlo gold mines
for US$65  million.  The  transaction  is subject to customary  conditions  and
regulatory  approvals  and is expected to close in the second  quarter of 2009,
but will have an  effective  date of January 1, 2009.  We expect to recognize a
pre-tax gain of approximately CDN$60 million on closing.

We also  announced  in  February  2009 the  sale of our  indirect  interest  in
Sociedad Minera El Brocal S.A.A. for US$35 million.  Closing, which is expected
in the first  quarter of 2009, is also subject to customary  conditions  and we
expect to recognize a pre-tax gain of CDN$42 million upon closing.

We are  pursuing  other  asset  sale  initiatives  with a view  toward  further
reducing our outstanding debt.

- -------------------------------------------------------------------------------
32    Teck 2008 Management's Discussion and Analysis
<PAGE>

FINANCING AND EXCHANGE RATES

In order to finance  the Fording  transaction  we arranged  debt  financing  of
US$9.8  billion,  of which US$9.3 billion is outstanding.  Interest  charges on
these  facilities  are based on LIBOR or US prime rates and our credit  rating.
The  additional  debt will result in a  substantial  increase  to our  existing
interest  expense.  To the extent that we refinance  or  otherwise  amend these
facilities, we expect our interest expense to increase further.

Our US dollar  denominated debt will be subject to revaluation based on changes
in the  Canadian/US  dollar  exchange  rate. We have  designated  approximately
one-half  of our US dollar  denominated  debt as a hedge  against our US dollar
denominated foreign operations.  As a result,  approximately 50% of any foreign
exchange  gains or losses  arising on our debt will be recorded in net earnings
with the remainder in other comprehensive  income. The earnings impact of these
revaluations  will be reduced as we pay down the debt,  although  exchange rate
fluctuations  will  also  affect  our debt to  equity  ratio  and our  interest
expense.

OTHER INFORMATION

The government of British Columbia introduced legislation to implement a carbon
tax on virtually all fossil fuels effective July 1, 2008. The tax is imposed on
fossil  fuels  used in BC and is  based  on a $10 per  tonne  of  CO2-emmission
equivalent, increasing by $5 per tonne each year until it reaches $30 per tonne
in 2012.  Based on our recent  historical  fuel use  figures,  we expect to pay
carbon tax of  approximately  $5 million for 2008,  increasing to approximately
$26 million per year by 2012.  Our expected  carbon tax cost is  primarily  the
result of our use of coal, diesel fuel and natural gas.

The BC government has also expressed its intention to implement a cap and trade
mechanism to further reduce greenhouse gas emissions. However, it has indicated
that the carbon tax and the cap and trade  system will be  integrated  to avoid
double taxation. We will monitor this issue as legislation is developed.

FINANCIAL INSTRUMENTS AND DERIVATIVES

We hold a number of financial instruments and derivatives, the most significant
of which are marketable  securities,  foreign exchange forward sales contracts,
fixed price forward metal sales  contracts,  settlements  receivable  and price
participation  payments on the sale of the  Cajamarquilla  zinc  refinery.  The
Cajamarquilla price participation  payments are economically similar to a fixed
price forward  purchase of zinc. The financial  instruments and derivatives are
all recorded at fair values on our balance  sheet with gains and losses in each
period  included in other  comprehensive  income,  net earnings from continuing
operations and net earnings from discontinued  operations as appropriate.  Some
of our gains and losses on metal-related  financial instruments are affected by
smelter price participation and are taken into account in determining royalties
and other expenses.  All are subject to varying rates of taxation  depending on
their nature and jurisdiction.

The  after-tax  effect of  financial  instruments  on our net  earnings for the
following periods is set out in the table below:

<TABLE>
<CAPTION>
=======================================================================================================
  ($ in millions)                                     2008                 2007                 2006
- -------------------------------------------------------------------------------------------------------
<S>                                              <C>                 <C>                   <C>
 Positive (negative) price adjustments
      On prior year's sales                      $      57           $      (56)            $     42
      On current year's sales                         (386)                 (10)                  71
 ------------------------------------------------------------------------------------------------------
                                                      (329)                 (66)                 113
 Other financial instruments
      Derivative gains                                 185                   14                    -
      Cajamarquilla sale price participation
          (discontinued operations)                    (18)                 (46)                  36
 ------------------------------------------------------------------------------------------------------

                                                       167                  (32)                  36

 ------------------------------------------------------------------------------------------------------
 Total                                           $    (162)          $      (98)            $    149
 ======================================================================================================
</TABLE>

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   33
<PAGE>

CRITICAL ACCOUNTING ESTIMATES

In  preparing  financial  statements,  management  has to  make  estimates  and
assumptions that affect the reported amounts of assets,  liabilities,  revenues
and expenses.  Based on historical  experience,  current  conditions and expert
advice,  management makes  assumptions that are believed to be reasonable under
the circumstances. These estimates and assumptions form the basis for judgments
about the carrying  value of assets and  liabilities  and reported  amounts for
revenues  and  expenses.   Different  assumptions  would  result  in  different
estimates, and actual results may differ from results based on these estimates.
These estimates and  assumptions are also affected by management's  application
of accounting policies. Critical accounting estimates are those that affect the
consolidated financial statements materially and involve a significant level of
judgment by management. Management's critical accounting estimates apply to the
assessment  for  the  impairment  of  property,  plant  and  equipment  and the
valuation  of  other  assets  and  liabilities  such as  inventory,  plant  and
equipment,   goodwill,   investments,   restoration  and  post-closure   costs,
accounting for income and resource taxes,  mineral reserves,  contingencies and
pension and other post-retirement benefits.

PROPERTY, PLANT AND EQUIPMENT

We capitalize  development  costs of mining  projects when resources as defined
under  National  Instrument  43-101 are  present  and it is  expected  that the
expenditure can be recovered by future exploitation or sale. Once available for
use, these costs are amortized  over the proven and probable  reserves to which
they relate,  calculated on a units of production  basis. The estimation of the
extent  of  reserves  is a  complex  task in which a number  of  estimates  and
assumptions are made.  These involve the use of geological  sampling and models
as well as  estimates  of future  costs.  New  knowledge  derived  from further
exploration  and development of the ore body may affect reserve  estimates.  In
addition,  the estimation of economic reserves depends on assumptions regarding
long-term commodity prices and in some cases exchange rates, which may prove to
be incorrect.

Where impairment  conditions may exist, the expected  undiscounted  future cash
flows from an asset are  compared  with its carrying  value.  These future cash
flows are developed  using  assumptions  that reflect the  long-term  operating
plans for an asset,  given  management's best estimate of the most probable set
of economic  conditions.  Commodity  prices used reflect market  conditions and
expectations  with respect to future prices at the time the model is developed.
These  models are updated  from time to time,  and lower prices are used should
market  conditions  deteriorate.  Inherent in these assumptions are significant
risks and  uncertainties.  In  management's  view,  based on assumptions  which
management  believes to be  reasonable,  a reduction in the  carrying  value of
property,  plant and  equipment  was required at December 31, 2008 for our Duck
Pond, Pend Oreille and Lennard Shelf zinc mines as described on previous pages.
In addition,  we also recorded  impairment  charges for our  Petaquilla  copper
project,  the Santa Fe nickel property and certain other exploration  projects.
Changes in market  conditions,  reserve estimates and other assumptions used in
these estimates may result in future write downs.

GOODWILL

We allocate goodwill arising from business  combinations to the reporting units
acquired  based on  estimates  of the fair value of the  reporting  unit.  When
performing goodwill impairment tests, we are also required to estimate the fair
value of each reporting unit and, in some circumstances,  the fair value of all
identifiable  assets and  liabilities in a reporting  unit. The fair values are
estimated  using a model of discounted  cash flows based on proven and probable
reserves and value beyond proven and probable reserves. Other major assumptions
used include  commodity  prices,  operating  costs,  foreign exchange rates and
discount rates.

In 2008 we used a  long-term  copper  price  of  US$1.85  per  pound  in  these
estimations.  A long-term copper price of US$1.75 per pound would have resulted
in an additional $150 million in impairment  charges.  A long-term copper price
of  US$1.90  per pound  would have  resulted  in no  impairment  except for $10
million at Duck Pond. We used an after-tax discount rate of 9% for reserves and
higher rates for resources and exploration potential.  No impairment would have
been  indicated  at an 8% discount  rate and all goodwill  associated  with our
copper  operations  would have been impaired at a 10% discount  rate.  The fair
value of our copper assets will continue to be affected by changes in long-term
commodity  prices,  discount  rates,  operating and capital  costs,  changes in
mineral reserves and the advancement of projects to the operating stage.

- -------------------------------------------------------------------------------
34    Teck 2008 Management's Discussion and Analysis
<PAGE>

Goodwill  associated  with  our  coal  assets  arose  primarily  on our  recent
acquisition of the net assets of Fording. The primary assets of Fording were an
interest in Teck Coal. We previously  owned a 52% direct and indirect  interest
in Teck  Coal  and the  underlying  business  units to which  the  goodwill  is
associated.  As we acquired the first 52% of the underlying business units at a
much lower cost base, a significant valuation buffer existed at the time of the
Fording  transaction.  We  subsequently  tested the  goodwill  using lower coal
prices with no impairment of goodwill with  long-term  coal prices above US$100
per tonne.

Fair value estimation and impairment charges are based on management  estimates
and  assumptions.  Significant  judgment  is applied and actual  results  could
differ from our estimates.

INCOME AND RESOURCE TAXES

The  determination  of our  tax  expense  for  the  year  and  its  future  tax
liabilities and assets involves significant  management estimation and judgment
involving a number of  assumptions.  In determining  these amounts,  management
interprets tax legislation in a variety of jurisdictions and makes estimates of
the  expected  timing of the  reversal  of future tax  assets and  liabilities.
Management  also makes  estimates  of the future  earnings,  which  affects the
extent to which  potential  future tax benefits may be used.  We are subject to
assessments by various  taxation  authorities who may interpret tax legislation
differently. These differences may affect the final amount or the timing of the
payment of taxes.  We provide  for these  differences,  where  known,  based on
management's best estimate of the probable outcome of these matters.

PENSION AND OTHER POST-RETIREMENT BENEFITS

The cost of  providing  benefits  through  defined  benefit  pension  plans and
post-retirement  benefit plans is actuarially  determined.  Cost and obligation
estimates  depend on management's  assumptions  about future events,  which are
used by the actuaries in calculating  such amounts.  These include  assumptions
with respect to discount  rates,  the  expected  plan  investment  performance,
future compensation increases,  health care cost trends and retirement dates of
employees.  In addition,  actuarial consultants utilize subjective  assumptions
regarding  matters such as withdrawal and mortality  rates.  Actual results may
differ materially from those estimates based on these assumptions.

ASSET RETIREMENT OBLIGATIONS

The amounts recorded for asset retirement costs are based on estimates included
in closure and  remediation  plans.  These  estimates are based on  engineering
studies of the work that is required by environmental laws or public statements
by  management  that results in an  obligation.  These  estimates  are based on
assumptions  as to the timing of  remediation  work and the rate at which costs
may  inflate in future  periods.  Actual  costs and the timing of  expenditures
could differ from these estimates.

RECOGNITION OF CONTINGENCIES

We are subject to a number of lawsuits and threatened  lawsuits. A provision is
made for amounts claimed  through these lawsuits when management  believes that
it is more likely  than not that the  plaintiffs  will be awarded  damages or a
monetary  settlement  will be made.  Management  seeks the  advice  of  outside
counsel in making such judgments when the amounts involved are material.

ADOPTION OF NEW ACCOUNTING STANDARDS AND ACCOUNTING DEVELOPMENTS

INVENTORIES, SECTION 3031

In June 2007, the CICA issued  Section 3031  "Inventories"  to replace  Section
3030.  The new section,  which was  effective  on January 1, 2008,  establishes
standards for the  measurement  and  disclosure of  inventories.  Retrospective
application  of  this  standard  did  not  have  an  impact  on  our  financial
statements.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   35
<PAGE>

GOODWILL AND INTANGIBLE ASSETS

In February  2008,  the CICA issued  Section  3064,  "Goodwill  and  Intangible
Assets," which replaces Section 3062,  "Goodwill and Other Intangible  Assets."
This  new  standard   provides   guidance  on  the  recognition,   measurement,
presentation and disclosure of goodwill and intangible assets.  Concurrent with
the adoption of this  standard,  CICA Emerging  Issues  Committee  Abstract 27,
"Revenues  and  Expenditures  in  the  Pre-operating  Period,"  ("EIC-27")  was
withdrawn.

This standard is effective for our fiscal year  beginning  January 1, 2009 with
retrospective  application.  Deferred start-up costs of $19 million, net of tax
of $10 million, at December 31, 2008 will be written-off.

BUSINESS COMBINATIONS AND RELATED SECTIONS

In January  2009,  the CICA issued  Section  1582  "Business  Combinations"  to
replace  Section  1581.  Prospective  application  of the standard is effective
January 1, 2011, with early adoption permitted.  This new standard  effectively
harmonizes  the  business   combinations  standard  under  Canadian  GAAP  with
International  Financial Reporting Standards ("IFRS"). The new standard revises
guidance on the determination of the carrying amount of the assets acquired and
liabilities assumed,  goodwill and accounting for non-controlling  interests at
the time of a business combination.

The CICA concurrently issued Section 1601 "Consolidated  Financial  Statements"
and Section  1602  "Non-Controlling  Interests,"  which  replace  Section  1600
"Consolidated  Financial Statements." Section 1601 provides revised guidance on
the preparation of consolidated financial statements and Section 1602 addresses
accounting for non-controlling  interests in consolidated  financial statements
subsequent to a business combination.  These standards are effective January 1,
2011,  unless they are early adopted at the same time as Section 1582 "Business
Combinations."

INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) CHANGEOVER PLAN

Canadian  GAAP for  publicly  listed  entities  will  convert to  International
Financial Reporting Standards (IFRS) on January 1, 2011.

We have completed a high-level preliminary assessment and identification of the
standards that affect our financial statements,  business and system processes,
and we are  advancing  through the  detailed  analysis of the higher and medium
priority areas. These detailed assessments are designed to determine the effect
on business  activities  including  information  technology  and data  systems,
internal controls over financial  reporting and, finally,  disclosure  controls
and procedures.

We are maintaining our financial  reporting expertise and ensuring our team has
sufficient  IFRS  competencies,  by addressing  training  requirements  through
ongoing  sessions  provided by external  advisors.  The education  sessions are
targeted to various levels of the organization.

We  anticipate  that there will be changes  in  accounting  policies  and these
changes may materially affect our financial statements.


OTHER INFORMATION

OUTSTANDING SHARE DATA

As at March 4, 2009, there were 477,513,286  Class B subordinate  voting shares
and  9,353,470  Class A common  shares  outstanding.  In  addition,  there were
6,639,280 director and employee stock options  outstanding with exercise prices
ranging  between  $4.15  and  $49.17  per  share.  More  information  on  these
instruments  and the  terms of their  conversion  are set out in note 15 to our
2008 consolidated financial statements.

- -------------------------------------------------------------------------------
36    Teck 2008 Management's Discussion and Analysis
<PAGE>

CONTRACTUAL AND OTHER OBLIGATIONS
<TABLE>
<CAPTION>
====================================================================================================================================
($ in millions)                                                        Less than         2 - 3       4 - 5   More than
                                                                          1 Year         Years       Years     5 Years        TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                    <C>             <C>           <C>       <C>         <C>
Debt                                                                      $7,845        $3,548        $357      $1,218      $12,968
Operating leases                                                              38            56          22          39          155
Capital Leases                                                                63            61          29           -          153
Road and port lease at Red Dog (Note 1)                                       22            44          44         630          740
Minimum purchase obligations (Note 2)
   Concentrate, supply and other purchases                                   186            19           8           7          220
   Shipping and distribution                                                  29            20           9           7           65
Pension funding (Note 3)                                                      62             -           -           -           62
Other non-pension post-retirement benefits (Note 4)                           11            23          26         188          248
Asset retirement obligations (Note 5)                                         16            53          13         587          669
Other long-term liabilities (Note 6)                                          81            35          15          51          182
Contributions to the Fort Hills oil sands project (Note 7)                   330         1,265           -           -        1,595
Contributions to Galore Creek (Note 8)                                        16            20           -           -           36
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                          $8,699        $5,144        $523      $2,727       $17,093
====================================================================================================================================
</TABLE>

Notes:

(1)  We lease road and port facilities from the Alaska  Industrial  Development
     and Export Authority through which we ship metal concentrates  produced at
     the Red Dog mine.  Minimum lease  payments are US$18 million per annum and
     are subject to deferral and abatement for force majeure events.

(2)  The majority of our minimum purchase obligations are subject to continuing
     operations and force majeure provisions.

(3)  As at December  31,  2008 the  company  had a net  pension  deficit of $11
     million based on actuarial  estimates  prepared on a going concern  basis.
     The amount of  minimum  funding  for 2009 in  respect  of defined  benefit
     pension plans is $62 million.  The timing and amount of additional funding
     after 2009 is  dependent  upon  future  returns on plan  assets,  discount
     rates, and other actuarial assumptions.

(4)  We had a discounted,  actuarially  determined liability of $248 million in
     respect of other non-pension  post-retirement  benefits as at December 31,
     2008. Amounts shown are estimated expenditures in the indicated years.

(5)  We accrue  environmental and reclamation  obligations over the life of our
     mining  operations  and amounts  shown are estimated  expenditures  in the
     indicated years at fair value, assuming credit-adjusted risk-free discount
     rates between 5.75% and 16.5%,  and  inflation  factors  between 2.00% and
     2.75%.  The  liability  on  an  undiscounted  basis  before  inflation  is
     estimated to be approximately $1,833 million.

(6)  Other   long-term    liabilities   include   amounts   for   post-closure,
     environmental costs and other items.

(7)  In  November  2005,  we acquired a 15%  interest in the Fort Hills  Energy
     Limited Partnership (FHELP),  which is developing the Fort Hills oil sands
     project in Alberta,  Canada.  In September 2007, we acquired an additional
     5% interest, bringing our total interest to 20%. To earn our additional 5%
     interest,  we are  required to  contribute  27.5% of project  expenditures
     after project  spending  reaches $2.5 billion and before project  spending
     reaches $7.5  billion.  We have ongoing  commitments  to fund FHELP during
     this earn-in phase  totalling $1.6 billion  thereafter we are  responsible
     for our 20% share of  development  costs.  As the project is  currently on
     hold pending cost re-evaluation,  no additional  commitments are presently
     shown.

(8)  In  February  2009,  we  amended  certain  provisions  of the  partnership
     agreement  relating  to  the  Galore  Creek  project.  Under  the  amended
     agreement, our committed funding on Galore Creek has been reduced from $72
     million  to $60  million  including  $15.8  million  contributed  by us on
     account of studies prior to December 31, 2008 and $8.6 million contributed
     by us on  account  of the  November  and  December  cash  calls.  Our  net
     remaining committed funding is $36 million, which we expect to pay in 2009
     and 2010.


DISCLOSURE CONTROLS AND INTERNAL CONTROL OVER FINANCIAL REPORTING

Disclosure controls and procedures

Disclosure controls and procedures are designed to provide reasonable assurance
that  material  information  is gathered  and  reported  to senior  management,
including  the  Chief  Executive  Officer  and  Chief  Financial  Officer,   as
appropriate to permit timely decisions regarding public disclosure. Management,
including  the  Chief  Executive  Officer  and  Chief  Financial  Officer,  has
evaluated  the  effectiveness  of the design and  operation  of our  disclosure
controls  and  procedures,  as  defined in the rules of the US  Securities  and
Exchange Commission and Canadian Securities Administration,  as at December 31,
2008. Based on this evaluation, the Chief Executive Officer and Chief Financial
Officer  have  concluded  that our  disclosure  controls  and  procedures  were
effective to ensure that information  required to be disclosed in reports filed
or submitted by us under United States and Canadian  securities  legislation is
recorded, processed,  summarized and reported within the time periods specified
in those rules.

- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   37
<PAGE>

MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Our  management  is  responsible  for  establishing  and  maintaining  adequate
internal control over financial reporting.  Any system of internal control over
financial  reporting,  no matter how well designed,  has inherent  limitations.
Therefore,  even those  systems  determined  to be  effective  can provide only
reasonable  assurance  with  respect to  financial  statement  preparation  and
presentation.  Management has used the Committee of Sponsoring Organizations of
the Treadway  Commission  (COSO) framework to evaluate the effectiveness of our
internal control over financial reporting. Based on this assessment, management
has concluded that as at December 31, 2008, our internal control over financial
reporting was effective.

The  effectiveness of our internal  controls over financial  reporting has been
audited  by  PricewaterhouseCoopers   LLP,  an  independent  registered  public
accounting firm, who have expressed their opinion in their report included with
our annual consolidated financial statements.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

On October 30, 2008,  we completed  our  acquisition  of Fording  Canadian Coal
Trust ("Fording"),  which primarily  consisted of Fording's 60% interest in the
Elk Valley Coal Partnership. We consider the acquisition of Fording material to
our results of operations,  financial  position and cash flows from the date of
acquisition  through December 31, 2008, and believe that the internal  controls
and procedures at Fording have a material  effect on our internal  control over
financial reporting.  Prior to the completion of this acquisition,  we included
Elk Valley Coal  Partnership  in our  evaluation  of the  effectiveness  of our
internal  control  over  financial  reporting,  due to our 40%  interest in the
assets.  We have,  therefore,  included  Fording  in our annual  assessment  of
internal control over financial reporting for the year ended December 31, 2008.

Although we have  generally  maintained  our internal  controls over  financial
reporting that were in effect prior to the  acquisition of Fording,  subsequent
to the  acquisition  we have  performed  additional  controls  relating  to the
consolidation  of  financial   information  used  in  the  preparation  of  the
consolidated  financial  statements.  We believe  that these  changes  have not
negatively  affected our internal  control over financial  reporting during the
year ended December 31, 2008.


USE OF NON-GAAP FINANCIAL MEASURES

Our financial statements are prepared in accordance with accounting  principles
generally accepted in Canada (GAAP). This management's  discussion and analysis
of financial  position and operating  results  refers to adjusted net earnings,
comparative  net  earnings,   operating  profit  and  operating  profit  before
depreciation and pricing  adjustments,  which are not measures recognized under
GAAP in Canada or the  United  States  and do not have a  standardized  meaning
prescribed by GAAP. For adjusted net earnings and comparative net earnings,  we
adjust  net  earnings  as  reported  to remove  the  effect of  unusual  and/or
non-recurring transactions in these measures. Operating profit is revenues less
operating  expenses and depreciation and amortization.  Operating profit before
depreciation  and pricing  adjustments is operating  profit with  depreciation,
amortization and pricing adjustments added or deducted as appropriate.  Pricing
adjustments  are  described  under the heading  "Average  Commodity  Prices and
Exchange  Rates".  These measures may differ from those used by, and may not be
comparable to such measures as reported by, other  issuers.  We disclose  these
measures,  which have been derived from our financial statements and applied on
a consistent basis,  because we believe they are of assistance in understanding
the results of our operations  and financial  position and are meant to provide
further information about our financial results to shareholders.


- -------------------------------------------------------------------------------
38    Teck 2008 Management's Discussion and Analysis

<PAGE>


CAUTION ON FORWARD-LOOKING INFORMATION

This document contains certain forward-looking  information and forward-looking
statements as defined in applicable  securities laws. All statements other than
statements  of  historical   fact  are  forward   looking   statements.   These
forward-looking  statements,  principally under the heading "Outlook," but also
elsewhere in this document, include estimates,  forecasts, and statements as to
management's  expectations  with  respect to,  among other  things,  our future
earnings  and cash  flow,  our  plans to reduce or  refinance  our  outstanding
indebtedness  and the  expected  impact of steps  that we have  taken to reduce
spending,  potential sources of funds to repay indebtedness,  our planned sales
of assets,  ongoing  discussions with our lenders,  the future  availability of
unused credit lines,  our ability to comply with debt covenants,  our plans for
our  oil  sands  investments,   forecast   recoveries  and  the  resolution  of
geotechnical  issues at Highland Valley Copper,  expected progress and costs of
our Andacollo concentrate project, the financial and accounting consequences of
our acquisition of the assets of Fording  Canadian Coal Trust,  the sensitivity
of our  earnings  to  changes  in  commodity  prices and  exchange  rates,  the
potential impact of transportation and other potential production  disruptions,
the impact of currency exchange rates, future trends for the company,  progress
in  development  of mineral  properties,  future  production and sales volumes,
capital  expenditures and mine production costs,  demand and market outlook for
commodities,  future commodity prices and treatment and refining  charges,  the
settlement of coal contracts  with  customers,  the outcome of mine  permitting
currently underway, our assessment of the quantum of potential natural resource
damages and other costs in connection  with the Upper  Columbia River Basin and
the outcome of legal proceedings  involving the company.  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,
interest  rates,  the supply and demand for,  deliveries  of, and the level and
volatility of prices of copper,  coal,  zinc and gold and other primary  metals
and minerals as well as oil, and related products, the timing of the receipt of
regulatory and  governmental  approvals for our development  projects and other
operations,  our costs of production and production and productivity levels, as
well as  those  of our  competitors,  power  prices,  market  competition,  the
accuracy of our reserve  estimates  (including with respect to size,  grade and
recoverability) and the geological,  operational and price assumptions on which
these are based,  conditions  in  financial  markets  and the future  financial
performance  of  the  company.   The  foregoing  list  of  assumptions  is  not
exhaustive.  Events  or  circumstances  could  cause  actual  results  to  vary
materially

Factors that may cause actual results to vary materially  include,  but are not
limited to,  changes in  commodity  and power  prices,  changes in interest and
currency exchange rates,  acts of foreign  governments and the outcome of legal
proceedings,  inaccurate  geological and metallurgical  assumptions  (including
with  respect to the size,  grade and  recoverability  of mineral  reserves and
resources), 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 government approvals,  industrial
disturbances or other job action,  adverse weather conditions and unanticipated
events related to health,  safety and environmental  matters),  political risk,
social  unrest,  failure  of  customers  or  counterparties  to  perform  their
contractual  obligations,  the outcome of our ongoing  discussions with lenders
(including   potential  additional  costs  or  covenants  associated  with  the
refinancing of our existing  indebtedness  and the risk that we may not be able
to reach an appropriate accommodation with lenders), the results of our ongoing
efforts to sell assets,  further changes in our credit ratings,  and changes or
further deterioration in general economic conditions or continuation of current
severe disruptions in credit and financial markets.

Statements  concerning future production costs or volumes,  and the sensitivity
of the company's earnings to changes in commodity prices and exchange rates are
based on numerous  assumptions of management regarding operating matters and on
assumptions  that demand for products  develops as anticipated,  that customers
and other counterparties perform their contractual obligations,  that operating
and capital plans will not be disrupted by issues such as  mechanical  failure,
unavailability  of parts and supplies,  labour  disturbances,  interruption  in
transportation or utilities,  adverse weather conditions, and that there are no
material unanticipated variations in the cost of energy or supplies.

We assume no obligation to update forward-looking statements except as required
under securities laws. Further  information  concerning risks and uncertainties
associated with these forward looking  statements and our business can be found
in our Annual  Information  Form for the year ended December 31, 2008, filed on
SEDAR and on EDGAR under cover of Form 40F.


- -------------------------------------------------------------------------------
                            Teck 2008 Management's Discussion and Analysis   39
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
