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<SEC-DOCUMENT>0000950123-10-052930.txt : 20100526
<SEC-HEADER>0000950123-10-052930.hdr.sgml : 20100526
<ACCEPTANCE-DATETIME>20100525190159
ACCESSION NUMBER:		0000950123-10-052930
CONFORMED SUBMISSION TYPE:	F-9
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20100526
DATE AS OF CHANGE:		20100525

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TECK RESOURCES 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:		F-9
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-167081
		FILM NUMBER:		10858038

	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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TECK COMINCO LTD
		DATE OF NAME CHANGE:	19940623

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Teck Metals Ltd.
		CENTRAL INDEX KEY:			0001465463
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		F-9
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-167081-01
		FILM NUMBER:		10858037

	BUSINESS ADDRESS:	
		STREET 1:		C/O TECK RESOURCES LIMITED
		STREET 2:		SUITE 3300 -- 550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 0B3
		BUSINESS PHONE:		604-699-4000

	MAIL ADDRESS:	
		STREET 1:		C/O TECK RESOURCES LIMITED
		STREET 2:		SUITE 3300 -- 550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 0B3
</SEC-HEADER>
<DOCUMENT>
<TYPE>F-9
<SEQUENCE>1
<FILENAME>o62243fv9.htm
<DESCRIPTION>F-9
<TEXT>
<HTML>
<HEAD>
<TITLE>F-9</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As filed with the Securities and Exchange Commission on May&nbsp;25, 2010</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Registration No.&nbsp;333&#150;</B>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM F-9</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT UNDER</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 0pt"><B>THE SECURITIES ACT OF 1933</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 20pt; margin-top: 12pt"><B>TECK RESOURCES LIMITED&nbsp;&nbsp;&nbsp;&nbsp; TECK METALS LTD.</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><I>(Exact name of each Registrant as specified in its charter)</I></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Canada</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1400</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Not Applicable</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><I>(Province or other jurisdiction of <BR>
incorporation or organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap><I>(Primary Standard Industrial<BR>
Classification Code Number (if applicable))</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>(I.R.S. Employer Identification No.,<BR>
if applicable)</I></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt"><B>Suite&nbsp;3300, 550 Burrard Street, Vancouver, British Columbia, V6C 0B3</B></DIV>


<DIV align="center" style="font-size: 10pt"><B>(604)&nbsp;699-4000</B></DIV>


<DIV align="center" style="font-size: 10pt"><I>(Address and telephone number of each Registrant&#146;s principal executive offices)</I></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt"><B>CT Corporation System, 111 Eighth Avenue</B><BR>

<B>New York, New York 10011<BR>

(212)&nbsp;894-8800</B><BR>

<I>(Name, address (including zip code) and telephone number (including area code) of agent for service in the United States)</I></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt"><I>Copies to:</I></DIV>


<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Hellen Siwanowicz <BR>
Lang Michener LLP <BR>
BCE Place, P.O. Box 747<BR>
Suite&nbsp;2500, 181 Bay Street <BR>
Toronto, Ontario, Canada <BR>
M5J 2T7<BR>
(416)&nbsp;360-8600</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Peter C. Rozee<BR>
Teck Resources Limited<BR>
Teck Metals Ltd.<BR>
Suite&nbsp;3300, 550 Burrard Street<BR>
Vancouver, British Columbia,<BR>
Canada<BR>
V6C 0B3<BR>
(604)&nbsp;699-4000</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Edwin S. Maynard<BR>
Paul, Weiss, Rifkind, Wharton &#038;<BR>
Garrison LLP<BR>
1285 Avenue of the Americas New<BR>
York, N.Y. 10019-6064<BR>
(212)&nbsp;373-3000</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Christopher J. Cummings<BR>
Shearman &#038; Sterling LLP<BR>
Commerce Court West<BR>
199 Bay Street, Suite&nbsp;4405<BR>
P.O. Box 247<BR>
Toronto, Ontario, Canada<BR>
M5L 1E8<BR>
(416)&nbsp;360-8484</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Approximate date of commencement of proposed sale to the public: </B>From time to time after the effective date of this Registration Statement.</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>Province of British Columbia, Canada</B><BR>
<I>(Principal jurisdiction regulating this offering)</I></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is proposed that this filing shall become effective (check appropriate box below):
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">A.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">upon filing with the Commission pursuant to Rule&nbsp;467(a) (if in connection with an offering being made contemporaneously in the United States and
Canada).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">B.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#254;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">at some future date (check the appropriate box below)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1.&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pursuant to Rule&nbsp;467(b) on (&nbsp;&nbsp;) at (&nbsp;&nbsp;) (designate a time not sooner than 7 calendar days after filing).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2.&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pursuant to Rule&nbsp;467(b) on (&nbsp;&nbsp; ) at (&nbsp;&nbsp;) (designate a time 7 calendar
days or sooner after filing) because the securities regulatory authority in the review
jurisdiction has issued a receipt or notification of clearance on (&nbsp;&nbsp;).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3.&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pursuant to Rule&nbsp;467(b) as soon as practicable after notification of the
Commission by the Registrant or the Canadian securities regulatory authority of the review
jurisdiction that a receipt or notification of clearance has been issued with respect
hereto.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">4.&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">after the filing of the next amendment to this Form (if preliminary material
is being filed).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any of the securities being registered on this Form are to be offered on a delayed or
continuous basis pursuant to the home jurisdiction&#146;s shelf prospectus offering procedures, check
the following box.<FONT style="font-family: Wingdings">&#254;</FONT>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>CALCULATION OF REGISTRATION FEE</B></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="23%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="23%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of each class of</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Offering Price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Aggregate</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>securities to be registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Per Security (1)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Offering Price (1)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registration fee (2)</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Debt Securities</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">U.S. $6,000,000,000</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">100%</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">U.S. $6,000,000,000</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">         U.S. $427,800</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Guarantees</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">(3)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">(3)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">(3)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">(3)</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Estimated solely for the purpose of determining the registration fee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An aggregate of U.S. $235,800 of the registration fee was previously paid in connection with the
U.S. $5,093,416,371 of unissued securities registered under the
Registration Statement on Form F-10
(File No.&nbsp;333-136641) initially filed on August&nbsp;15, 2006 by
Teck Resources Limited (U.S. $544,996 in
fees paid, U.S. $235,800 remaining unused). Such Registration
Statement was withdrawn on August 17, 2006. Accordingly, pursuant to Rule 457(p) of the General Rules and Regulations under
the Securities Act of 1933, as amended, U.S. $235,800 is being offset against the total
registration fee due for this Registration Statement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Guarantees by Teck Metals Ltd. of the debt securities (and guarantees of such guarantees by
Teck Resources Limited) being registered on Form F-9 hereunder are to be sold without separate
consideration. Pursuant to Rule&nbsp;457(n), no separate filing fee is payable with regards to
such guarantees.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>The Registrant hereby amends this registration statement on such date or dates as may be
necessary to delay its effective date until the registration statement shall become effective as
provided in Rule&nbsp;467 under the Securities Act of 1933 or on such date as the Commission, acting
pursuant to </B><B>Section 8(a)</B><B> of the Act, may determine.</B>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>













<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">










<!-- TOC -->
<!-- /TOC -->




<!-- link1 "PART I" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED TO BE<BR>
DELIVERED TO OFFEREES OR PURCHASERS</B>
</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->I-1<!-- /Folio -->
</DIV>

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<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
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<DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Base
    Shelf Prospectus</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="color: #C41E3A">A copy of this preliminary short
    form base shelf prospectus has been filed with the securities
    regulatory authority in the Province of British Columbia, but
    has not yet become final for the purpose of the sale of
    securities. Information contained in this preliminary short form
    base shelf prospectus may not be complete and may have to be
    amended. The securities may not be sold until a receipt for the
    short form base shelf prospectus is obtained from the securities
    regulatory authority.</FONT></I>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>This short form prospectus is referred to as a short form
    base shelf prospectus and has been filed under legislation in
    the Province of British Columbia that permits certain
    information about these securities to be determined after this
    prospectus has become final and that permits the omission from
    this prospectus of that information. The legislation requires
    the delivery to purchasers of a prospectus supplement containing
    the omitted information within a specified period of time after
    agreeing to purchase any of these securities.</I>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I>This short form prospectus constitutes a public offering
    of these securities only in those jurisdictions where they may
    be lawfully offered for sale and therein only by persons
    permitted to sell such securities. No securities regulatory
    authority has expressed an opinion about these securities and it
    is an offence to claim otherwise. Information has been
    incorporated by reference in this short form prospectus from
    documents filed with securities commissions or similar
    authorities in Canada. Copies of the documents incorporated
    herein by reference may be obtained on request without charge
    from Karen&#160;L.&#160;Dunfee, Corporate Secretary of Teck
    Resources Limited at Suite&#160;3300, 550 Burrard Street,
    Vancouver, British Columbia, Canada V6C&#160;0B3 (telephone:
    <FONT style="white-space: nowrap">604-699-4000)</FONT>
    and are also available electronically at www.sedar.com.</I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Preliminary Short Form&#160;Prospectus</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="50%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <I><U><FONT style="font-family: 'Times New Roman', Times">New
    Issue</FONT></U></I></TD>
    <TD nowrap align="right">    <I><FONT style="font-family: 'Times New Roman', Times">
    </FONT></I><FONT style="font-family: 'Times New Roman', Times">May&#160;25,
    2010
    </FONT></TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="o62243o6224300.gif" alt="TECK LOGO"><B> </B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 24pt">TECK RESOURCES
    LIMITED</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">US$6,000,000,000</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 18pt">Debt Securities</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may from time to time offer  up to an aggregate principal
    amount of US$6,000,000,000 (or the equivalent in other
    currencies) of debt securities during the 25&#160;month period
    that this short form prospectus (this &#147;prospectus&#148;),
    including any amendments hereto, remains valid. The debt
    securities may be offered separately or together, in one or more
    series, in amounts, at prices and on other terms to be
    determined based on market conditions at the time of issuance
    and set forth in an accompanying prospectus supplement.
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will provide the specific terms of the debt securities in
    respect of which this prospectus is being delivered (the
    &#147;offered debt securities&#148;) and all information omitted
    from this prospectus in supplements to this prospectus that will
    be delivered to purchasers together with this prospectus. You
    should read this prospectus and any applicable prospectus
    supplement carefully before you invest.
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Neither the United States Securities and Exchange Commission
    nor any state securities regulator has approved or disapproved
    these debt securities or determined if this prospectus is
    truthful or complete. Any representation to the contrary is a
    criminal offense.</B>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>We are permitted, under a multijurisdictional disclosure
    system adopted by the United States and Canada, to prepare this
    prospectus in accordance with Canadian disclosure requirements,
    which are different from United States disclosure requirements.
    We prepare our financial statements, which are incorporated by
    reference herein, in Canadian dollars and in accordance with
    Canadian generally accepted accounting principles, and they are
    subject to Canadian auditing and auditor independence standards.
    As a result, they may not be comparable to financial statements
    of United States companies.</B>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Owning the offered debt securities may subject you to tax
    consequences both in the United States and Canada. This
    prospectus or any applicable prospectus supplement may not
    describe these tax consequences fully. You should read the tax
    discussion in any applicable prospectus supplement and should
    consult with your own tax advisor with respect to your own
    particular circumstances.</B>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Your ability to enforce civil liabilities under the United
    States federal securities laws may be affected adversely because
    we are incorporated in Canada, most of our officers and
    directors and some of the experts named in this prospectus are
    not residents of the United States, and many of our assets and
    all or a substantial portion of the assets of such persons are
    located outside of the United States.</B>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may sell the offered debt securities to or through
    underwriters or dealers, and also may sell such offered debt
    securities to one or more other purchasers directly or through
    agents. In addition, we may issue the offered debt securities
    pursuant to one or more exchange offers for our previously
    issued debt securities. See <I>&#147;Plan of
    Distribution&#148;</I>. A prospectus supplement will set forth
    the names of any underwriters, dealers or agents involved in the
    offering of any offered debt securities and will set forth the
    terms of the offering of the offered debt securities, including,
    to the extent applicable, the proceeds to us, the principal
    amounts, if any, to be purchased by underwriters, the
    underwriting discounts or commissions, and any other discounts
    or concessions to be allowed or reallowed to dealers.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our head and registered office is located at Suite&#160;3300,
    550 Burrard Street, Vancouver, British Columbia, Canada
    V6C&#160;0B3.
</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH -->
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<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="97%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#101'>ABOUT THIS PROSPECTUS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#102'>WHERE YOU CAN FIND MORE INFORMATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#103'>STATEMENTS REGARDING FORWARD-LOOKING
    INFORMATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#104'>RISK FACTORS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#105'>TECK RESOURCES LIMITED</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#106'>RECENT DEVELOPMENTS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#107'>USE OF PROCEEDS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#108'>EARNINGS COVERAGE</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#109'>DESCRIPTION OF SHARE CAPITAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#110'>DESCRIPTION OF DEBT SECURITIES</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#111'>PRICE RANGE AND TRADING VOLUMES</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#112'>CERTAIN INCOME TAX CONSEQUENCES</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#113'>PLAN OF DISTRIBUTION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#114'>LEGAL MATTERS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#115'>EXPERTS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#116'>DOCUMENTS FILED AS PART&#160;OF THE REGISTRATION
    STATEMENT</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#118'>AUDITORS&#146; CONSENT</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>
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    <BR>
    2
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as set forth under <I>&#147;Description of Debt
    Securities&#148;</I>, and unless the context otherwise requires,
    all references in this prospectus to <I>&#147;we&#148;</I>,
    <I>&#147;us&#148;</I> and <I>&#147;our&#148;</I> refer to Teck
    Resources Limited and its subsidiaries and joint ventures, and
    all references in this prospectus to &#147;Teck&#148; refer to
    Teck Resources Limited.
</DIV>

<A name='101'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ABOUT
    THIS PROSPECTUS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus is part of a registration statement on
    <FONT style="white-space: nowrap">Form&#160;F-9</FONT>
    relating to the debt securities that we have filed with the
    United States Securities and Exchange Commission (the
    &#147;SEC&#148;). Under the registration statement, we may, from
    time to time, offer any combination of the debt securities
    described in this prospectus in one or more offerings of up to
    an aggregate principal amount of US$6,000,000,000 (or the
    equivalent in other currencies). This prospectus provides you
    with a general description of the debt securities that we may
    offer. Each time we offer debt securities under the registration
    statement, we will provide a prospectus supplement that will
    contain specific information about the terms of that offering of
    offered debt securities. The prospectus supplement may also add,
    update or change information contained in this prospectus.
    Before you invest, you should read both this prospectus and any
    applicable prospectus supplement together with the additional
    information described under the heading <I>&#147;Where You Can
    Find More Information&#148;</I>. This prospectus does not
    contain all of the information set forth in the registration
    statement, certain parts of which are omitted in accordance with
    the rules and regulations of the SEC. You may refer to the
    registration statement and the exhibits to the registration
    statement for further information with respect to us and the
    debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The offered debt securities will not be distributed, directly or
    indirectly, in Canada or to residents of Canada in contravention
    of the securities laws of any province or territory of Canada.
</DIV>

<A name='102'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">WHERE YOU
    CAN FIND MORE INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We file with the British Columbia Securities Commission (the
    &#147;BCSC&#148;), a commission of authority in the Province of
    British Columbia, Canada, similar to the SEC, and with the
    various securities commissions or similar authorities in each of
    the provinces and territories of Canada, annual and quarterly
    reports, material change reports and other information. We are
    also an SEC registrant subject to the informational requirements
    of the U.S. Securities Exchange Act of 1934, as amended (the
    &#147;Exchange Act&#148;), and accordingly, file with, or
    furnish to, the SEC certain reports and other information. Under
    a multijurisdictional disclosure system adopted by the United
    States and Canada, these reports and other information
    (including financial information) may be prepared in accordance
    with the disclosure requirements of Canada, which differ from
    those in the United States. You may read and copy any document
    we file with or furnish to the SEC at the SEC&#146;s public
    reference room at 100 F Street, N.E., Room&#160;1580,
    Washington, D.C. 20549. You may also obtain copies of the same
    documents from the public reference room by paying a fee. Please
    call the SEC at
    <FONT style="white-space: nowrap">1-800-SEC-0330</FONT>
    or contact them at www.sec.gov for further information on the
    public reference room and copying charges.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the multijurisdictional disclosure system adopted by the
    United States and Canada, the SEC and the BCSC allow us to
    &#147;incorporate by reference&#148; certain information that we
    file with them, which means that we can disclose important
    information to you by referring you to those documents.
    Information that is incorporated by reference is an important
    part of this prospectus. The following documents, filed by us
    with the various securities commissions or similar authorities
    in each of the provinces and territories of Canada, are
    specifically incorporated by reference in and form an integral
    part of this prospectus:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    our Annual Information Form dated March&#160;15, 2010 for the
    year ended December&#160;31, 2009;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    our Audited Consolidated Financial Statements, and the related
    notes thereto, as at December 31 2009 and 2008 and for each of
    the years in the three year period ended December&#160;31, 2009
    and the Auditors&#146; Report thereon;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    our Management&#146;s Discussion and Analysis of Financial
    Position and Operating Results for the year ended
    December&#160;31, 2009;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    our Unaudited Consolidated Interim Financial Statements, and the
    related notes thereto, for the three months ended March&#160;31,
    2010 and 2009;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (e)&#160;
</TD>
    <TD align="left">
    our Management&#146;s Discussion and Analysis of Financial
    Position and Operating Results for the three months ended
    March&#160;31, 2010;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (f)&#160;
</TD>
    <TD align="left">
    our Management Proxy Circular dated March&#160;1, 2010 for our
    annual and special meeting of shareholders held on
    April&#160;22, 2010; and
</TD>
</TR>

</TABLE>
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    <BR>
    3
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (g)&#160;
</TD>
    <TD align="left">
    our Management Proxy Circular dated March&#160;2, 2009 for our
    annual and special meeting of shareholders held on
    April&#160;22, 2009.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any document of the type referred to in the preceding paragraph
    (excluding confidential material change reports), the content of
    any news release publicly disclosing financial information for a
    period more recent than the period for which financial
    statements are required to be incorporated herein, and certain
    other documents as set forth in Item&#160;11.1 of
    <FONT style="white-space: nowrap">Form&#160;44-101F1</FONT>
    of National Instrument
    <FONT style="white-space: nowrap">44-101&#160;&#151;</FONT>
    <I>Short Form&#160;Prospectus Distributions</I> filed by us with
    a securities commission or similar authority in Canada after the
    date of this prospectus and prior to the termination of the
    distribution will be deemed to be incorporated by reference in
    this prospectus. These documents are available through the
    internet on the System for Electronic Document Analysis and
    Retrieval (&#147;SEDAR&#148;) which can be accessed at
    www.sedar.com. In addition, to the extent that any document or
    information incorporated by reference in this prospectus is
    included in a report that is filed or furnished to the SEC on
    <FONT style="white-space: nowrap">Form&#160;40-F,</FONT>
    20-F or <FONT style="white-space: nowrap">6-K</FONT>
    (or any respective successor form), such document or information
    shall also be deemed to be incorporated by reference as an
    exhibit to the registration statement on
    <FONT style="white-space: nowrap">Form&#160;F-9</FONT>
    of which this prospectus forms a part. In addition, if and to
    the extent indicated therein, we may incorporate by reference in
    this prospectus documents that we file with or furnish to the
    SEC pursuant to Section&#160;13(a) or 15(d) of the Exchange Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Copies of the documents incorporated herein by reference may be
    obtained on request without charge from
    Karen&#160;L.&#160;Dunfee, Corporate Secretary of Teck Resources
    Limited, Suite&#160;3300, 550 Burrard Street, Vancouver,
    British&#160;Columbia, Canada V6C 0B3; telephone:
    <FONT style="white-space: nowrap">(604)&#160;699-4000.</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Any statement contained in this prospectus or in a document
    incorporated or deemed to be incorporated by reference in this
    prospectus will be deemed to be modified or superseded for the
    purposes of this prospectus to the extent that a statement
    contained in this prospectus or in any subsequently filed
    document that also is or is deemed to be incorporated by
    reference in this prospectus modifies or supersedes that
    statement. Any statement so modified or superseded will not be
    deemed, except as so modified or superseded, to constitute a
    part of this prospectus. The making of a modifying or
    superseding statement will not be deemed an admission for any
    purposes that the modified or superseded statement, when made,
    constituted a misrepresentation, an untrue statement of a
    material fact or an omission to state a material fact that is
    required to be stated or that is necessary to make a statement
    not misleading in light of the circumstances in which it was
    made.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon a new annual information form and the related annual
    consolidated financial statements being filed by us with, and,
    where required, accepted by, the appropriate securities
    regulatory authorities during the currency of this prospectus,
    the previous annual information form, annual consolidated
    financial statements and all interim consolidated financial
    statements, material change reports, information circulars and
    all prospectus supplements filed by us prior to the commencement
    of our fiscal year in which the new annual information form is
    filed will be deemed no longer to be incorporated by reference
    in this prospectus for purposes of future offers of debt
    securities hereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A prospectus supplement containing the specific terms in respect
    of any offering of the offered debt securities, updated
    disclosure of earnings coverage ratios, if applicable, and other
    information in relation to such offered debt securities will be
    delivered to purchasers of such offered debt securities together
    with this prospectus and will be deemed to be incorporated by
    reference in this prospectus as of the date of such prospectus
    supplement, but only for purposes of the offering of such
    offered debt securities by such prospectus supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In this prospectus and any prospectus supplement, all references
    to &#147;dollars&#148; or &#147;$&#148; are to Canadian dollars
    and all references to &#147;U.S. dollars&#148; and
    &#147;US$&#148; are to United States dollars. Unless otherwise
    indicated, all financial information included or incorporated by
    reference in this prospectus or included in any prospectus
    supplement is in Canadian dollars and determined using Canadian
    generally accepted accounting principles which are in effect
    from time to time. For a discussion of the principal differences
    between our financial results as calculated under Canadian
    generally accepted accounting principles and under United States
    generally accepted accounting principles, you should refer to
    Note&#160;25 of our audited consolidated financial statements
    for the years ended December&#160;31, 2009, 2008 and 2007, which
    are incorporated by reference in this prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>You should rely only on the information contained in or
    incorporated by reference in this prospectus or any applicable
    prospectus supplement and on the other information included in
    the registration statement of which this prospectus forms a
    part. We have not authorized any person to provide you with
    different or additional information. If any person provides you
    with different or additional information, you should not rely on
    it. We are not making an offer of the debt securities in any
    jurisdiction where the offer is not permitted by law. You should
    not assume that the information contained in or incorporated by
    reference in this prospectus or any </B>
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    4
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>applicable prospectus supplement is accurate as of any date
    other than the date on the front of this prospectus or any
    applicable prospectus supplement, respectively.</B>
</DIV>

<A name='103'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">STATEMENTS
    REGARDING FORWARD-LOOKING INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus, and certain documents incorporated by reference
    in this prospectus, contain certain forward-looking information
    and forward-looking statements, as defined in applicable
    securities laws (collectively referred to as
    &#147;forward-looking statements&#148;). 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 &#147;anticipate&#148;,
    &#147;plan&#148;, &#147;continue&#148;, &#147;estimate&#148;,
    &#147;expect&#148;, &#147;may&#148;, &#147;will&#148;,
    &#147;project&#148;, &#147;predict&#148;, &#147;potential&#148;,
    &#147;should&#148;, &#147;believe&#148; and similar expressions
    are intended to identify forward-looking statements.
    Forward-looking statements involve known and unknown risks,
    uncertainties and other factors which 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 prospectus or as of the date specified in the
    documents incorporated by reference in this prospectus, as the
    case may be. These forward-looking statements include, but are
    not limited to, statements concerning:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    prices and price volatility for copper, coal, zinc and other
    products and commodities that we produce and sell as well as
    oil, natural gas and petroleum products;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the long-term demand for and supply of copper, coal, zinc and
    other products and commodities that we produce and sell;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the sensitivity of our financial results to changes in commodity
    prices;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our outstanding indebtedness, and our intentions with respect to
    the repayment or refinancing of that indebtedness;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    treatment and refining charges;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our strategies and objectives;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our interest and other expenses;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our tax position and the tax rates applicable to us;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    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;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    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&#160;Hills project;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the future supply of low cost power to the Trail smelting and
    refining complex;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our estimates of the quantity and quality of our mineral and oil
    reserves and resources;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the production capacity of our operations and our planned
    production levels;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our planned capital expenditures and our estimates of
    reclamation and other costs related to environmental protection;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    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;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our cost reduction and other financial and operating objectives;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our exploration, environmental, health and safety initiatives;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the availability of qualified employees for our operations,
    including our new developments;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the satisfactory negotiation of collective agreements with
    unionized employees;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the outcome of legal proceedings and other disputes in which we
    are involved;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    general business and economic conditions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the outcome of our coal sales negotiations and negotiations with
    metals and concentrate customers concerning treatment charges,
    price adjustments and premiums;
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    5
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ability to comply with the financial and other covenants in
    our credit agreements and the other documents governing our
    outstanding debt as well as our ability to meet our financial
    obligations as they become due;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our dividend policy;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    timing for the completion of a feasibility study to potentially
    re-open the Quintette mine; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the use of proceeds from the sale of the offered debt securities.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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 reserves 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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Actual results and developments are likely to differ, and may
    differ materially, from those expressed or implied by the
    forward-looking statements contained in, or incorporated by
    reference in, this prospectus. Such statements are based on a
    number of assumptions which may prove to be incorrect,
    including, but not limited to, assumptions about:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    general business and economic conditions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    interest rates and foreign exchange rates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the supply and demand for, deliveries of, and the level and
    volatility of prices of copper, coal and zinc and our other
    primary metals and minerals as well as oil, natural gas and
    petroleum products;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the timing of the receipt of permits and other regulatory and
    governmental approvals for our development projects and other
    operations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    changes in credit market conditions and conditions in financial
    markets generally;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the availability of funding to refinance our borrowings as they
    become due or to finance our development projects on reasonable
    terms;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our costs of production and our production and productivity
    levels, as well as those of our competitors;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ability to secure adequate transportation for our products;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ability to procure equipment and operating supplies in
    sufficient quantities and on a timely basis;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ability to attract and retain skilled staff;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the impact of changes in Canadian-U.S. dollar and other foreign
    exchange rates on our costs and results;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    engineering and construction timetables and capital costs for
    our development and expansion projects;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    costs of closure of various operations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    market competition;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    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;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    premiums realized over London Metal Exchange cash and other
    benchmark prices;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    tax benefits and tax rates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the outcome of our coal price and volume negotiations with
    customers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the outcome of our copper, zinc and lead concentrate treatment
    and refining charge negotiations with customers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the resolution of environmental and other proceedings or
    disputes;
</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    6
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ability to obtain, comply with and timely renew
    environmental permits; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ongoing relations with our employees and with our business
    partners and joint venturers.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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. Accordingly, you should not place
    undue reliance on forward-looking statements. You should also
    carefully consider the matters discussed under <I>&#147;Risk
    Factors&#148;</I> in this prospectus. 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, except as may
    be required by law.
</DIV>

<A name='104'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">RISK
    FACTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    An investment in the debt securities involves risk. Before
    deciding whether to invest in the debt securities, you should
    consider carefully the risks described below as well as the
    other information contained and incorporated by reference in
    this prospectus (including subsequent documents incorporated by
    reference in this prospectus) and, if applicable, those
    described in a prospectus supplement relating to a specific
    offering of debt securities. These are not the only risks and
    uncertainties that we face. Additional risks not presently known
    to us or that we currently consider immaterial may also
    materially and adversely affect us. If any of the events
    identified in these risks and uncertainties were to actually
    occur, our business, financial condition or results of
    operations could be materially harmed.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    face risks in the mining and metals business.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The business of exploring for minerals is inherently risky. Few
    properties that are explored are ultimately developed into
    producing mines. The reasons why a mineral property may be
    non-productive often cannot be anticipated in advance. Even
    after the commencement of mining operations, those 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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Fluctuations
    in the market price of base metals, specialty metals and
    metallurgical coal may significantly adversely affect the
    results of our operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The results of our operations are significantly affected by the
    market price of base metals, specialty metals and metallurgical
    coal, 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 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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our general policy has been not to hedge changes in prices of
    our mineral production. From time to time, however, we have in
    the past and may in the future undertake hedging programs in
    specific circumstances, with an intention to reduce the risk of
    a commodity&#146;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, the risk of opportunity losses in the event
    of an increase in the world price of the commodity, an increase
    in interest rates, the possibility that rising operating costs
    will make delivery into hedged positions uneconomic,
    counterparty risks and production interruption events.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Volatility
    in commodity markets and financial markets may adversely affect
    our ability to operate and our financial
    condition.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Recent global financial conditions and commodity markets have
    been volatile. From time to time, access to financing has been
    negatively affected by many factors, including the financial
    distress of banks and other credit market
</DIV>
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    <BR>
    7
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    participants. This volatility has from time to time affected and
    may in the future affect our ability to obtain equity or debt
    financing on acceptable terms, and may make it more difficult to
    plan our operations and to operate effectively. If this
    volatility and market disruption continues, our operations and
    financial condition could be adversely affected.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    arrangements resulting from the sale of a one-third interest in
    the Waneta hydroelectric plant to B.C. Hydro may require us to
    incur substantial costs.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Teck Metals Ltd. (&#147;Teck Metals&#148;) has agreed to
    generally provide the firm delivery of energy from the Waneta
    hydroelectric plant to B.C. Hydro until 2036, in proportion to
    B.C. Hydro&#146;s ownership interest. If Teck Metals does not
    deliver power as required it could be required to purchase
    replacement power in the open market or to pay liquidated
    damages to B.C. Hydro based on the market rate for power at the
    time of the shortfall. If these costs exceed amounts available
    under our insurance policies, we could incur substantial costs,
    especially if the shortfall is protracted. In addition, the
    portion of power Teck Metals is required to make available to
    B.C. Hydro represents a surplus of power to the current and
    anticipated future requirements of our Trail operations. If our
    entitlement to power based on the Waneta hydroelectric plant
    (taking into account our arrangements with B.C. Hydro) is not
    sufficient to supply the requirements of our Trail operations,
    we may be required to reduce our Trail operations, or purchase
    power in the open market, in order to address any shortfall.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    insurance may not provide adequate coverage.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">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></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Over 5,000 of our approximately 8,300 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. The following are the expiry date of the
    collective bargaining agreements covering unionized employees at
    our material projects that we operate.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
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    <TD width="22%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
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    <TD width="22%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>Expiry Date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>Expiry Date of<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Collective Agreement</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Collective Agreement</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Trail
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    May 31, 2012
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Elkview
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    October 31, 2010
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Antamina
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    July 23, 2012
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Coal Mountain
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    December 31, 2009
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Highland Valley Copper
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    September 30, 2011
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Line Creek
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    May 31, 2014
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Quebrada Blanca
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    January 31, 2012
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Fording River
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    April 30, 2011
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Andacollo
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    December 31, 2011
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Cardinal River
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    June 30, 2012
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    indebtedness limits our flexibility and imposes restrictions on
    us.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of March&#160;31, 2010, we and our consolidated subsidiaries
    had total indebtedness of approximately $5.8&#160;billion. Our
    ability to satisfy our debt obligations will depend upon our
    future operating performance, which will be affected by
    prevailing economic conditions in the markets that we serve and
    financial, business and other factors, many of which are beyond
    our control. We may be unable to generate sufficient cash flow
    from operations and future borrowings or other financing may be
    unavailable in an amount sufficient to enable us to fund our
    future financial obligations or our other liquidity needs,
    including our obligations to repay our 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. The amount and terms of our
    debt could have material consequences to our business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If future debt financing is not available to us when required or
    is not available on acceptable terms, we may be unable to grow
    our business, take advantage of business opportunities, respond
    to competitive pressure or refinance maturing debt, any of which
    could have a material adverse effect on our operating results
    and financial condition.
</DIV>
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    <BR>
    8
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<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    material 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></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are party to a number of financing agreements, including
    agreements in respect of our credit facilities and the
    indentures governing our various senior notes, which agreements,
    indentures and instruments contain financial and other
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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 those 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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">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></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If we were to experience a change of control (as defined under
    the relevant indentures governing our various notes and under
    our credit facilities), we would be required, under certain of
    the indentures, 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, or
    to make the required repayment of indebtedness. Our failure to
    offer to repurchase notes, debentures or other debt securities
    following a change of control would result in a default, which
    could lead to a cross-default under our credit facilities and
    under the terms of our other indebtedness.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    not be able to hire enough skilled employees to support our
    operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    pension and other post-retirement liabilities and the assets
    available to fund them could change materially.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Fluctuations
    in the price and availability of consumed commodities affect our
    costs of production.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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, some of which are produced at our Red Dog
    mine and some of which 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
</DIV>
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    <BR>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    ability to acquire properties may be affected by competition
    from other mining companies.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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 the 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 those
    properties become available to us.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    face competition in product markets.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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 the minerals. We
    must sell base metals, metal concentrates, by-product metals and
    concentrate and metallurgical coal 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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    face restricted access to markets in the future.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    reserve and resource estimates may prove to be
    incorrect.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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 &#147;independent&#148; 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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The mineral and oil and gas reserve and resource figures
    incorporated in this prospectus 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
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    depletion of our mineral reserves may not be offset by future
    discoveries or acquisitions of mineral reserves.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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 result in any
    new commercial mining operations or yield new reserves to
    replace and/or expand current reserves.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    face risks associated with the issuance and renewal of
    environmental permits.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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 Red Dog mine, the
    Fort&#160;Hills and Frontier/Equinox Oil Sands projects and coal
    mine expansions in the Elk Valley. 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. In certain jurisdictions, interested parties have
    extensive rights to appeal the issuance of permits or to
    otherwise intervene in the regulatory process. Permits may be
    stayed or withdrawn during the pendency of appeals. This is a
    particular risk in connection with our mining activities in
    Alaska, where there is an outstanding administrative appeal of
    certain conditions of the 2010 water discharge permit for Red
    Dog mine, which has resulted in the withdrawal of contested
    limits in that water discharge permit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Failure to obtain or maintain permits with appropriate terms
    could result in government directives, fines, civil suits or
    other remedies such as injunctions, which could have a material
    impact on our business. Past or ongoing violations of mining
    laws could provide a basis to revoke existing permits and to
    deny the issuance of additional permits.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    be adversely affected by currency fluctuations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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 those fluctuations may have an adverse effect
    on us. In addition, foreign exchange contracts expose us to the
    risk of default by the counterparties to those contracts, which
    could have a material adverse effect on our business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    be adversely affected by interest rate changes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    addition, our use of interest rate swaps exposes us to the risk
    of default by the counterparties to those arrangements. Any
    default by a counterparty could have a material adverse effect
    on our business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Changes
    in environmental, health and safety laws may have a material
    adverse effect on our operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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,
    <FONT style="white-space: nowrap">clean-up</FONT>
    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 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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We are
    highly dependent on third parties for the provision of
    transportation services.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Due to the geographical location of many of our mining
    properties and operations, we are highly dependent on third
    parties for the provision of transportation services, including
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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
    <FONT style="white-space: nowrap">100-day</FONT>
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Aboriginal
    title claims and rights to consultation and accommodation may
    affect our existing operations as well as development projects
    and future acquisitions.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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 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
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    operate in foreign jurisdictions and face added risks and
    uncertainties due to different economic, cultural and political
    environments.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    face risks associated with our development
    projects.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Fort&#160;Hills project is at an early stage of development,
    and a project development decision has been deferred in light of
    significant project cost escalation. Suncor Energy Inc., as
    project operator, in consultation with UTS Energy Corporation
    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. Development and exploitation of the hypogene
    resource at Quebrada Blanca will require considerable capital
    expenditures and various environmental and other permits and
    governmental authorizations. Our Relincho project is also in an
    early stage of development.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Construction and development of these projects are subject to
    numerous risks, including, without limitation:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks resulting from the fact that the Fort&#160;Hills project,
    the Galore Creek project, the Relincho project and the Quebrada
    Blanca hypogene 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;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with delays in obtaining, or conditions imposed
    by, regulatory approvals;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with obtaining amendments to existing
    regulatory approvals or permits and additional regulatory
    approvals or permits which will be required;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks of other adverse regulatory developments, including the
    imposition of new regulations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks of significant fluctuation in prevailing prices for
    copper, oil, other petroleum products and natural gas, which may
    affect the profitability of the projects;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks resulting from the fact that we are a minority partner in
    the Fort&#160;Hills Energy Limited Partnership and major
    decisions with respect to project design and construction may be
    made without our consent;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    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;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with litigation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks resulting from dependence on third parties for services
    and utilities for the project;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with the ability of our partners to finance
    their respective shares of project expenditures; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    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.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Regulatory
    efforts to control greenhouse gas emissions could materially
    negatively affect our business.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In early 2010, the Government of Canada announced revised
    targets for reducing greenhouse gas emissions as it had
    committed to do as a signatory to the Copenhagen Accord.
    Canada&#146;s new aim is to reduce absolute emissions by 17 per
    cent from 2005 levels by 2020&#160;&#151; numbers that mirror
    those in a bill that is currently before the United States
    Senate. In the
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    meantime, regulations to reduce greenhouse-gas emissions that
    the Canadian government initially indicated would be developed
    in 2008 have been put on hold. Additional policy measures are
    anticipated over the coming years under this federal policy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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)&#160;to reduce
    their emissions intensity by 12% starting July&#160;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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Over the past 3&#160;years the government of British Columbia
    has passed a number of significant pieces of climate-action
    legislation including; the Greenhouse Gas Reduction Targets Act,
    which sets aggressive targets for reducing greenhouse gases (33%
    below 2007 levels by 2020), the Greenhouse Gas Reduction or
    &#147;Cap and Trade&#148; Act, which authorizes hard caps on
    greenhouse gas emissions, and the Carbon Tax Act, which imposes
    an escalating carbon tax on fossil fuels used in the province.
    In early 2010, the British Columbia (&#147;BC&#148;) government
    also established the GHG Reporting Regulation. The Regulation
    requires facilities in the province that emit over 10,000 tonnes
    of carbon dioxide equivalent annually to report their emissions
    and those that emit over 25,000 tonnes per year to obtain
    independent verification of their emissions. Each of Teck&#146;s
    seven BC-based operations emits over 25,000 tonnes per year and
    will be required to report and verify accordingly. These
    regulations increase our fuel costs and impact our
    competitiveness in the global marketplace. For example, the BC
    carbon tax paid by Teck in 2009 for fuels was approximately
    $16&#160;million which is expected to increase to approximately
    $35-40&#160;million by 2012.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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 from facilities 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&#146;s products are
    sold outside of Canada, and sales are not expected to be
    significantly affected by Canada&#146;s expressed goals.
    However, the broad adoption of emission limitations or other
    regulatory efforts to control greenhouse gas emissions by other
    countries could materially negatively affect the demand for coal
    and oil, as well as restrict development of new coal or oil
    sands projects and increase production and transportation costs.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Although
    we believe our financial statements are prepared with reasonable
    safeguards to ensure reliability, we cannot provide absolute
    assurance.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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&#160;31, 2009, which are
    incorporated by reference in this prospectus. 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.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We are
    subject to legal proceedings, the outcome of which may affect
    our business.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    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.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See the section entitled &#147;Zinc&#160;&#151; Upper Columbia
    River Basin (Lake Roosevelt)&#148; beginning on page&#160;14 of
    our Management&#146;s Discussion and Analysis of Financial
    Position and Operating Results for the three months ended
    March&#160;31, 2010 and the section entitled &#147;Legal
    Proceedings&#148; beginning on page 64 of our Annual Information
    Form dated March&#160;15, 2010 for the year ended
    December&#160;31, 2009, each of which is incorporated by
    reference herein.
</DIV>
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    <BR>
    14
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
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<A name='105'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TECK
    RESOURCES LIMITED</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are 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:
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="33%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="31%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="31%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Operation</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Type of Operation</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Jurisdiction</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Antamina
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Copper/Zinc Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Ancash, Peru
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Highland Valley
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Copper/Molybdenum Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Quebrada Blanca
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Copper Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Region I, Chile
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Andacollo
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Copper Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Region IV, Chile
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Duck Pond
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Copper/Zinc Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Newfoundland, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Trail
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Zinc/Lead Refinery
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Red Dog
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Zinc/Lead Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Alaska, USA
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Elkview
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fording River
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Greenhills
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Coal Mountain
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Line Creek
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cardinal River
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Alberta, Canada
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our principal products are copper concentrate and copper
    cathode, metallurgical coal, zinc concentrate and refined zinc.
    Significant amounts of molybdenum and lead are produced at our
    copper operations and zinc operations, respectively. Other
    products include gold, silver, various specialty metals,
    chemicals and fertilizers. We also have a 20% interest in the
    Fort&#160;Hills Energy Limited Partnership, which is developing
    the Fort&#160;Hills oil sands project in Alberta, and a 50%
    interest in certain other oil sands leases in Alberta at various
    stages of exploration.
</DIV>

<A name='106'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">RECENT
    DEVELOPMENTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Update on
    Ratings and Security</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On April&#160;16, 2010, Standard&#160;&#038; Poor&#146;s Ratings
    Services upgraded Teck&#146;s long-term corporate credit rating
    to investment grade of BBB with a stable outlook, and
    Teck&#146;s secured and unsecured debt ratings to BBB. On
    April&#160;28, 2010, Moody&#146;s Investor Services upgraded the
    rating applicable to Teck&#146;s senior secured debt and senior
    unsecured debt to Baa3 with a positive outlook. In addition to
    Standard&#160;&#038; Poor&#146;s and Moody&#146;s, Dominion Bond
    Rating Service and Fitch Ratings rated Teck as &#147;investment
    grade&#148; during April 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of the upgrades by Standard&#160;&#038; Poor&#146;s
    and Moody&#146;s, certain of the covenants in the indenture
    governing Teck&#146;s 9.75% senior secured notes due 2014,
    10.25% senior secured notes due 2016 and 10.75% senior secured
    notes due 2019 were automatically suspended, and the collateral
    supporting the senior secured pledge bonds that secured our
    credit facilities and our outstanding public debt was released.
    Furthermore, the master trust indenture under which the pledge
    bonds were issued terminated in accordance with its terms and
    the senior secured pledge bonds are in the process of being
    returned and cancelled, as required by the terms of their
    governing pledge bond agreement. As a result, the security
    granted in 2009 over substantially all of the assets of Teck and
    its material subsidiaries has been released.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On April&#160;22, 2010, we repaid our amended and restated term
    credit facility in full.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Resumption
    of Dividend Payments</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On April&#160;22, 2010, we announced that we are resuming
    payment of dividends at the annual rate of $0.40 cents per
    share. On that same day, our board declared an initial
    semi-annual eligible dividend of $0.20 per share on Teck&#146;s
    outstanding Class&#160;A common shares and Class&#160;B
    subordinate voting shares, payable on July&#160;2, 2010 to
    shareholders of record at the close of business on June&#160;16,
    2010.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Update on
    Feasibility Study at Quintette</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On April&#160;29, 2010, we announced that we are undertaking a
    feasibility study to potentially re-open the Quintette mine in
    northeast British Columbia, and we expect to complete the study
    by the fourth quarter of 2011.
</DIV>
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    <BR>
    15
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Aqqaluk</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On May&#160;20, 2010 we announced that Teck&#146;s subsidiary,
    Teck Alaska, is proceeding with the development of the Aqqaluk
    deposit at the Red Dog mine. Teck&#146;s decision to proceed
    with Aqqaluk followed discussions with the United&#160;States
    Environmental Protection Agency (EPA) concerning the status of
    the renewal of Red Dog&#146;s main water discharge permit, and
    an internal review of Teck&#146;s operating plans for the
    deposit. There is an outstanding administrative appeal of
    certain conditions of the 2010 water discharge permit. In
    response to the appeal, EPA has withdrawn five contested
    limitations in the permit and has stated its intent to conduct
    an updated permit proceeding once certain procedural matters are
    addressed. Until the appeal of the 2010 water discharge permit
    is resolved, and EPA&#146;s proposed 2010 permit limits are in
    full effect, Teck will be subject to the applicable limits in
    its 1998 permit. These limits include a limit on total dissolved
    solids which cannot feasibly be met through any existing
    treatment technology at the volumes being discharged. There can
    be no assurance that the appeal will be resolved on a basis
    favourable to Teck or that any further permitting action by the
    EPA will not be subject to further appeals.
</DIV>

<A name='107'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">USE OF
    PROCEEDS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated in the applicable prospectus
    supplement, we will use the net proceeds from the sale of the
    offered debt securities for any one or more of debt repayment,
    working capital or other general corporate purposes. We may
    invest funds that we do not immediately require in short-term
    marketable securities.
</DIV>

<A name='108'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EARNINGS
    COVERAGE</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Earnings coverage ratios are included in this prospectus in
    accordance with Canadian disclosure requirements. They have been
    calculated on a consolidated basis using financial information
    prepared in accordance with Canadian generally accepted
    accounting principles and give effect to all of our long-term
    financial liabilities, and the repayment, redemption or other
    retirement thereof since the respective dates indicated below.
    The ratios do not give pro forma effect to any offering of
    offered debt securities offered by a prospectus supplement and
    this prospectus or to any change in indebtedness subsequent to
    the dates indicated below. For purposes of these calculations,
    reported net earnings have been increased by interest expense
    and income taxes. The earnings coverage ratio is equal to net
    earnings, adjusted as described above, divided by interest
    expense. These ratios do not purport to be indicative of
    earnings coverage ratios for any future period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The earnings coverage ratio for the year ended December&#160;31,
    2009 was 7.6 times interest expense. For the
    <FONT style="white-space: nowrap">twelve-month</FONT>
    period ended March&#160;31, 2010, the earnings coverage ratio
    was 7.4 times interest expense. Our earnings for the year ended
    December&#160;31, 2009 and the twelve-month period ended
    March&#160;31, 2010 before interest expense, income taxes,
    depreciation and amortization amounted to approximately
    $4.1&#160;billion and $4.9&#160;billion, respectively, which
    amounted to 9.9 times and 9.2 times our interest expense for
    those periods, respectively.
</DIV>

<A name='109'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF SHARE CAPITAL</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Teck is authorized to issue an unlimited number of Class&#160;A
    common shares and Class&#160;B subordinate voting shares and an
    unlimited number of preference shares, issuable in series. As at
    March&#160;31, 2010, there were 9,353,470 Class&#160;A common
    shares outstanding, 579,398,893 Class&#160;B subordinate voting
    shares outstanding and no preference shares outstanding.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Class&#160;A common shares carry the right to 100 votes per
    share. Class&#160;B subordinate voting shares carry the right to
    one vote per share. Each Class&#160;A common share is
    convertible, at the option of the holder, into one Class&#160;B
    subordinate voting share. In all other respects, including in
    respect of dividend rights and the distribution of property upon
    Teck&#146;s dissolution or
    <FONT style="white-space: nowrap">winding-up,</FONT>
    the Class&#160;A common shares and Class&#160;B subordinate
    voting shares rank equally.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The attributes of the Class&#160;B subordinate voting shares
    contain so called &#147;coattail provisions&#148; which provide
    that, in the event that an offer (an &#147;Exclusionary
    Offer&#148;) to purchase Class&#160;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&#160;B
    subordinate voting shares on identical terms, then each
    Class&#160;B subordinate voting share will be convertible into
    one Class&#160;A common share. The Class&#160;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&#160;A common shares (excluding those shares held by
    the person making the Exclusionary Offer). If an offer to
    purchase Class&#160;A common shares does not, under applicable
    securities legislation or the requirements of any stock exchange
    having jurisdiction, constitute a &#147;take-over bid&#148; or
    is otherwise exempt from any requirement that such offer be made
    to all or substantially all holders of Class&#160;A common
    shares, the coattail provisions will not apply.
</DIV>
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    <BR>
    16
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The voting rights attached to the Class&#160;B subordinate
    voting shares represent 38.3% of the aggregate voting rights
    attached to the Class&#160;A common shares and Class&#160;B
    subordinate voting shares.
</DIV>

<A name='110'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF DEBT SECURITIES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In this section, the words &#147;company&#148;, &#147;we&#148;,
    &#147;us&#148;, &#147;our&#148; and &#147;Teck&#148; refer only
    to Teck Resources Limited and not to any of our subsidiaries or
    joint ventures. The following description sets forth certain
    general terms and provisions of the debt securities. The
    particular terms and provisions of the series of offered debt
    securities offered by a prospectus supplement and this
    prospectus, and the extent to which the general terms and
    provisions described below may apply thereto, will be described
    in such prospectus supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, the offered debt securities will be issued under the
    trust indenture (the &#147;indenture&#148;) to be entered into
    between the company and The Bank of New York Mellon, as trustee
    (the &#147;trustee&#148;), as supplemented by one or more
    supplemental indentures. A copy of the form of indenture has
    been filed with the SEC as an exhibit to the registration
    statement of which this prospectus forms a part and a copy of
    the executed indenture will also be available on SEDAR at
    www.sedar.com. The following statements with respect to the
    indenture and the offered debt securities are brief summaries of
    certain provisions of the indenture and do not purport to be
    complete. For a more complete description, including the
    definition of any terms used but not defined under this section,
    prospective investors should refer to the indenture and the
    applicable supplemental indenture. Whenever we refer to
    particular provisions of the indenture, those provisions are
    qualified in their entirety by reference to the indenture and
    the applicable supplemental indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may from time to time issue debt securities and incur
    additional indebtedness otherwise than through the offering of
    debt securities pursuant to this prospectus.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The indenture will not limit the aggregate principal amount of
    debt securities (which may include debentures, notes or other
    evidences of indebtedness) which may be issued thereunder. It
    will provide that debt securities may be issued from time to
    time in one or more series and may be denominated and payable in
    foreign currencies, including composite currencies. Special
    Canadian and United States federal income tax considerations
    applicable to any debt securities so denominated will be
    described in the prospectus supplement relating thereto. The
    debt securities offered pursuant to this prospectus will be
    limited to US$6,000,000,000 (or the equivalent in other
    currencies) aggregate principal amount. Unless otherwise
    indicated in the applicable prospectus supplement, the indenture
    will also permit the company to increase the principal amount of
    any series of debt securities previously issued and to issue
    debt securities of such increased principal amount.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The terms of the debt securities we may offer may differ from
    the general information provided below. In particular, certain
    covenants described below may not apply to certain debt
    securities we may offer under the indenture. We may issue debt
    securities with terms different from those of debt securities
    previously issued under the indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable prospectus supplement will set forth the specific
    terms relating to the debt securities of the series being
    offered and may include, without limitation, any of the
    following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the specific designation of the offered debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the aggregate principal amount of the offered debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the extent and manner, if any, to which payment on or in respect
    of the offered debt securities will be senior or will be
    subordinated to the prior payment of our other liabilities and
    obligations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the percentage or percentages of principal amount at which the
    offered debt securities will be issued;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the date or dates, if any, on which the offered debt securities
    will mature and the portion (if less than all of the principal
    amount) of the offered debt securities to be payable upon
    declaration of acceleration of maturity;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the rate or rates per annum (which may be fixed or variable) at
    which the offered debt securities will bear interest, if any,
    the date or dates from which any such interest will accrue (or
    the method by which such date or dates will be determined) and
    the dates on which any such interest will be payable and the
    regular record dates for any interest payable on the offered
    debt securities;
</TD>
</TR>

</TABLE>
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    <BR>
    17
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<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any mandatory or optional redemption or sinking fund or
    analogous provisions, including the period or periods within
    which, the price or prices at which and the terms and conditions
    upon which the offered debt securities may be redeemed or
    purchased at the option of the company or otherwise;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether the offered debt securities will be issuable in whole or
    in part in the form of one or more registered global securities
    (&#147;registered global securities&#148;) and, if so, the
    identity of the depositary for such registered global securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the denominations in which registered debt securities
    (&#147;registered securities&#148;) will be issuable, if other
    than denominations of US$2,000 and any integral multiple of
    US$1,000 in excess thereof;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each place where the principal of and any premium and interest
    on the offered debt securities will be payable and each place
    where the offered debt securities may be presented for
    registration of transfer or exchange;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if other than U.S. dollars, the foreign currency or the units
    based on or relating to foreign currencies in which the offered
    debt securities are denominated and/or in which the payment of
    the principal of and any premium and interest on the offered
    debt securities will or may be payable;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any index formula or other method pursuant to which the amount
    of payments of principal of, and any premium and interest on,
    the offered debt securities will or may be determined;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether and under what circumstances we will pay Additional
    Amounts (as defined below under <I>&#147;&#151; Payment of
    Additional Amounts&#148;</I>) on the offered debt securities in
    respect of certain taxes (and the terms of any such payment)
    and, if so, whether we will have the option to redeem the
    offered debt securities rather than pay the Additional Amounts
    (and the terms of any such option);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the terms and conditions, if any, on which the offered debt
    securities may be convertible into or exchangeable for any other
    of our securities or securities of other entities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether the payment of the offered debt securities will be
    guaranteed by any other person, and the terms of any such
    guarantees;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether the offered debt securities will have the benefit of any
    security interest created pursuant to the terms of the
    indenture; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any other terms of the offered debt securities, including
    covenants and events of default which apply solely to the
    offered debt securities, or any covenants or events of default
    generally applicable to the debt securities, which are not to
    apply to the offered debt securities.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise provided in the applicable prospectus
    supplement, any guarantee in respect of debt securities would
    fully and unconditionally guarantee the payment of the principal
    of, and interest and premium, if any, on, such debt securities
    when such amounts become due and payable, whether at maturity
    thereof or by acceleration, notice of redemption or otherwise.
    We expect any guarantee provided in respect of debt securities
    would constitute a senior, unsecured obligation of the
    applicable guarantor. Other debt securities that we may issue
    also may be guaranteed and the terms of such guarantees
    (including any subordination) would be described in the
    applicable prospectus supplement. If any debt securities are to
    be guaranteed, we expect that Teck Metals, our wholly-owned
    subsidiary, would be the guarantor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated in the applicable prospectus
    supplement, the indenture will not afford the holders the right
    to tender debt securities to the company for repurchase or
    provide for any increase in the rate or rates of interest at
    which the debt securities will bear interest in the event we
    should become involved in a highly leveraged transaction or in
    the event of a change in control of the company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our debt securities may be issued under the indenture bearing no
    interest or interest at a rate below the prevailing market rate
    at the time of issuance, to be offered and sold at a discount
    below their stated principal amount. The Canadian and United
    States federal income tax consequences and other special
    considerations applicable to any such discounted debt securities
    or other debt securities offered and sold at par which are
    treated as having been issued at a discount for Canadian and/or
    United States federal income tax purposes will be described in
    the prospectus supplement relating thereto.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ranking
    and Other Indebtedness</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as indicated herein or in the applicable prospectus
    supplement, the debt securities and any guarantees in respect of
    such debt securities will be unsecured obligations of the
    company and any applicable guarantor, respectively,
</DIV>
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    <BR>
    18
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and will rank equally with all of our and any applicable
    guarantor&#146;s other unsecured and unsubordinated Indebtedness
    (as defined below under &#147;&#151; <I>Certain
    Covenants&#148;</I>) from time to time outstanding. The debt
    securities will be effectively subordinated to all Indebtedness
    and other liabilities of our subsidiaries (other than any
    applicable guarantor, for so long as its guarantee remains in
    effect) and subordinated to all secured Indebtedness and other
    secured liabilities of the company, any applicable guarantor and
    our subsidiaries to the extent of the assets securing such
    Indebtedness and other liabilities. Any offered debt securities
    that are guaranteed by Teck Metals will rank <I>pari passu</I>
    with Teck&#146;s US$200,000,000 7.00% notes due 2012, its
    US$300,000,000 5.375% notes due 2015, its US$700,000,000 6.125%
    notes due 2035, its US$1,315,000,000 9.75% senior secured notes
    due 2014, its US$1,060,000,000 10.25% senior secured notes due
    2016 and its US$1,850,000,000 10.75% senior secured notes due
    2019. At March&#160;31, 2010, the aggregate amount of the
    Indebtedness and trade payables of our subsidiaries (other than
    Teck Metals) was approximately US$210&#160;million, and we and
    our subsidiaries had approximately US$5.6&#160;billion of
    secured Indebtedness outstanding. In addition, our proportionate
    share of the revolving debt, trade payables, and current
    liabilities of Compa&#241;&#237;a Minera Antamina S.A., in which
    we have a 22.5% interest, at March&#160;31, 2010, was
    approximately US$107&#160;million, which is reflected in our
    consolidated balance sheet.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Registered
    Definitive Securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated in the applicable prospectus
    supplement, the registered securities of a particular series may
    be issued in the form of definitive securities without coupons
    and in denominations of US$2,000 and any integral multiple of
    US$1,000 in excess thereof. Debt securities may be presented for
    exchange and registered securities may be presented for
    registration of transfer in the manner, at the places and,
    subject to the restrictions set forth in the indenture and in
    the applicable prospectus supplement, without service charge,
    but upon payment of any taxes or other governmental charges due
    in connection therewith. The company has appointed the trustee
    as security registrar.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated in the applicable prospectus
    supplement, where registered securities are issued in definitive
    form, payment of the principal of and any premium and interest
    on such securities will be made at the office or agency of the
    trustee at 101 Barclay Street, Floor 4 West, New York, New York
    10286, Attention: Global Finance Unit, to the persons in whose
    name such registered securities are registered at the close of
    business on the regular record date for such interest payment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Registered
    Global Securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The registered securities of a particular series may be issued
    in the form of one or more registered global securities which
    will be registered in the name of and be deposited with a
    depositary, or its nominee, each of which will be identified in
    the prospectus supplement relating to such series. Unless and
    until exchanged, in whole or in part, for debt securities in
    definitive registered form, a registered global security may not
    be transferred except as a whole by the depositary for such
    registered global security to a nominee of such depositary, by a
    nominee of such depositary to such depositary or another nominee
    of such depositary or by such depositary or any such nominee to
    a successor of such depositary or a nominee of such successor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The specific terms of the depositary arrangement with respect to
    any portion of a particular series of offered debt securities to
    be represented by a registered global security will be described
    in the prospectus supplement relating to such series. The
    company anticipates that the following provisions will apply to
    all depositary arrangements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the issuance of a registered global security, the
    depositary therefor or its nominee will credit, on its book
    entry and registration system, the respective principal amounts
    of the debt securities represented by such registered global
    security to the accounts of such persons having accounts with
    such depositary or its nominee (&#147;participants&#148;) as
    will be designated by the underwriters, investment dealers or
    agents participating in the distribution of such debt
    securities, or by the company if such debt securities are
    offered and sold directly by the company. Ownership of
    beneficial interests in a registered global security will be
    limited to participants or persons that may hold beneficial
    interests through participants. Ownership of beneficial
    interests in a registered global security will be shown on, and
    the transfer of such ownership will be effected only through,
    records maintained by the depositary therefor or its nominee
    (with respect to beneficial interests of participants) or by
    participants or persons that hold through participants (with
    respect to interests of persons other than participants).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    So long as the depositary for a registered global security or
    its nominee is the registered owner thereof, such depositary or
    such nominee, as the case may be, will be considered the sole
    owner or holder of the debt securities represented by such
    registered global security for all purposes under the indenture.
    Except as provided below, owners of beneficial interests in a
    registered global security will not be entitled to have debt
    securities of the series represented by
</DIV>
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    19
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    such registered global security registered in their names, will
    not receive or be entitled to receive physical delivery of debt
    securities of such series in definitive form and will not be
    considered the owners or holders thereof under the indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Principal, premium, if any, and interest payments on a
    registered global security registered in the name of a
    depositary or its nominee will be made to such depositary or
    nominee, as the case may be, as the registered owner of such
    registered global security. None of the company, the trustee or
    any paying agent for debt securities of the series represented
    by such registered global security will have any responsibility
    or liability for any aspect of the records relating to or
    payments made on account of beneficial interests in such
    registered global security or for maintaining, supervising or
    reviewing any records relating to such beneficial interests.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We expect that the depositary for a registered global security
    or its nominee, upon receipt of any payment of principal,
    premium or interest, will immediately credit participants&#146;
    accounts with payments in amounts proportionate to their
    respective beneficial interests in the principal amount of such
    registered global security as shown on the records of such
    depositary or its nominee. We also expect that payments by
    participants to owners of beneficial interests in such
    registered global security held through such participants will
    be governed by standing instructions and customary practices, as
    is now the case with debt securities held for the accounts of
    customers registered in &#147;street name&#148;, and will be the
    responsibility of such participants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the depositary for a registered global security representing
    debt securities of a particular series is at any time unwilling
    or unable to continue as depositary or ceases to be a clearing
    agency registered under the Exchange Act and no successor
    depositary is appointed within 90&#160;days after we receive
    notice or become aware of such condition, we will issue
    registered securities of such series in definitive form in
    exchange for such registered global security. In addition, we
    may at any time and in our sole discretion determine not to have
    the debt securities of a particular series represented by one or
    more registered global securities and, in such event, will issue
    registered securities of such series in definitive form in
    exchange for all of the registered global securities
    representing debt securities of such series.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Covenants</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Set forth below is a summary of certain of the defined terms
    used in the indenture. We urge you to read the indenture for the
    full definition of all such terms.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Consolidated Net Tangible Assets&#148; means the aggregate
    amount of assets (less applicable reserves and other properly
    deductible items) after deducting therefrom (1)&#160;all current
    liabilities (excluding any portion thereof constituting Funded
    Debt); and (2)&#160;all goodwill, trade names, trademarks,
    patents, unamortized debt discount and expense and other like
    intangibles, all as set forth on the most recent consolidated
    balance sheet of Teck and computed in accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Funded Debt&#148; means, as applied to any person, all
    Indebtedness created or assumed by such person maturing after,
    or renewable or extendable at the option of such person beyond,
    12&#160;months from the date of creation thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;GAAP&#148; means generally accepted accounting principles
    in Canada in effect from time to time, unless the person&#146;s
    most recent audited or quarterly financial statements are not
    prepared in accordance with generally accepted accounting
    principles in Canada, in which case &#147;GAAP&#148; will mean
    generally accepted accounting principles in the United States in
    effect from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Indebtedness&#148; means all obligations for borrowed
    money represented by notes, bonds, debentures or similar
    evidence of indebtedness and obligations for borrowed money
    evidenced by credit, loan or other like agreements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Mortgage&#148; means any mortgage, deed of trust, pledge,
    hypoth&#233;c, lien, encumbrance, charge or security interest of
    any kind.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;person&#148; means any individual, corporation,
    partnership, joint venture, association, limited liability
    company, joint stock company, trust, unincorporated organization
    or government or any agency or political subdivision thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Principal Property&#148; means the interest of Teck or any
    Restricted Subsidiary in (1)&#160;the property located near
    Sparwood, British Columbia, Canada, known as the &#147;Elkview
    Mine&#148;, the property located near Elkford, British Columbia,
    Canada, known as the &#147;Fording River Mine&#148;, the
    property located near Kamloops, British Columbia, Canada, known
    as the &#147;Highland Valley copper mine&#148; and the property
    located near Kotzebue, Alaska, USA, known as the &#147;Red Dog
    mine&#148;; and (2)&#160;any (a)&#160;mineral property or
    (b)&#160;manufacturing or processing plant, building, structure,
    dam or other facility, together with the land upon which it is
    erected and fixtures comprising a part thereof, whether owned as
    of the date of the indenture or thereafter acquired or
    constructed by Teck or any Restricted Subsidiary, which, in the
    case of the items enumerated in each of 2(a) and 2(b) above, is
    located in Canada or the United States or its territories or
    possessions,
</DIV>
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    20
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the net book value of which interest, in each case, on the date
    as of which the determination is being made, is an amount which
    exceeds 10% of Consolidated Net Tangible Assets, except any such
    mineral property, plant, building, structure, dam or other
    facility or any portion thereof, together with the land upon
    which it is erected and fixtures comprising a part thereof,
    (i)&#160;acquired or constructed principally for the purpose of
    controlling or abating atmospheric pollutants or contaminants,
    or water, noise, odor or other pollution or (ii)&#160;which the
    board of directors of Teck by resolution declares is not of
    material importance to the total business conducted by Teck and
    its Restricted Subsidiaries considered as one enterprise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Restricted Subsidiary&#148; means (1)&#160;any Subsidiary
    (a)&#160;substantially all of the property of which is located,
    or substantially all of the business of which is carried on,
    within Canada or the United States or its territories or
    possessions; and (b)&#160;which owns or leases a Principal
    Property; and (2)&#160;any Subsidiary engaged primarily in the
    business of owning or holding securities of Restricted
    Subsidiaries; provided that the term &#147;Restricted
    Subsidiary&#148; will not include any Subsidiary the principal
    assets of which are stock or Indebtedness of persons which
    conduct substantially all of their business outside Canada or
    the United States or its territories or possessions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Shareholders&#146; Equity&#148; means the aggregate amount
    of shareholders&#146; equity of Teck as shown on the most recent
    audited annual consolidated balance sheet of Teck and computed
    in accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Subsidiary&#148; means, at any relevant time, any person
    of which the voting shares or other interests carrying more than
    50% of the outstanding voting rights attached to all outstanding
    voting shares or other interests are owned, directly or
    indirectly, by or for Teck and/or one or more Subsidiaries of
    Teck.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Negative
    Pledge</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will covenant under the indenture that for so long as any of
    our debt securities under the indenture are outstanding, and
    subject to the provisions of the indenture, we will not, and we
    will not permit any Restricted Subsidiary to, create, incur,
    issue, assume or otherwise have outstanding any Mortgage on or
    over any Principal Property now owned or hereafter acquired by
    Teck or a Restricted Subsidiary to secure any Indebtedness, or
    on shares of stock or Indebtedness of any Restricted Subsidiary
    now owned or hereafter acquired by Teck or a Restricted
    Subsidiary to secure any Indebtedness, unless at the time
    thereof or prior thereto the debt securities then outstanding
    under the indenture (together with, if and to the extent we so
    determine, any other Indebtedness then existing or thereafter
    created) are secured (for the avoidance of doubt, but only to
    the extent of any Mortgage not otherwise permitted pursuant to
    the below proviso to this paragraph) equally and rateably with
    (or prior to) any and all such Indebtedness for so long as such
    Indebtedness is so secured by such Mortgage; <I>provided,
    however,</I> such negative pledge will not apply to or operate
    to prevent or restrict the following permitted encumbrances:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    any Mortgage on property, shares of stock or Indebtedness of any
    person existing at the time such person becomes a Restricted
    Subsidiary or created, incurred, issued or assumed in connection
    with the acquisition of any such person;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property created, incurred, issued
    or assumed at or prior to the time such property became a
    Principal Property or existing at the time of acquisition of
    such Principal Property by Teck or a Restricted Subsidiary,
    whether or not assumed by Teck or such Restricted Subsidiary;
    <I>provided</I> that no such Mortgage will extend to any other
    Principal Property of Teck or any Restricted Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    any Mortgage on all or any part of any Principal Property
    (including any improvements or additions to improvements on a
    Principal Property) hereafter acquired, developed, expanded or
    constructed by Teck or any Restricted Subsidiary to secure the
    payment of all or any part of the purchase price, cost of
    acquisition or cost of development, expansion or construction of
    such Principal Property or of improvements or additions to
    improvements thereon (or to secure any Indebtedness incurred by
    Teck or a Restricted Subsidiary for the purpose of financing all
    or any part of the purchase price, cost of acquisition or cost
    of development, expansion or construction thereof or of
    improvements or additions to improvements thereon) created prior
    to, at the time of, or within 360&#160;days after the later of,
    the acquisition, development, expansion or completion of
    construction (including construction of improvements or
    additions to improvements thereon), or commencement of full
    operation of such Principal Property; provided that no such
    Mortgage will extend to any other Principal Property of Teck or
    a Restricted Subsidiary other than, in the case of any such
    construction, improvement, development, expansion or addition to
    improvement, all or any part of any other Principal Property on
    which the Principal Property so constructed, developed or
    expanded, or the improvement or addition to improvement, is
    located;
</TD>
</TR>

</TABLE>
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    <BR>
    21
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<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property of any Restricted
    Subsidiary to secure Indebtedness owing by it to Teck or to
    another Restricted Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (5)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property of Teck to secure
    Indebtedness owing by it to a Restricted Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (6)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property or other assets of Teck
    or any Restricted Subsidiary existing on the date of the
    indenture, or arising thereafter pursuant to contractual
    commitments entered into prior to the date of the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (7)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property or other assets of Teck
    or any Restricted Subsidiary created for the sole purpose of
    extending, renewing, altering or refunding any of the foregoing
    Mortgages, <I>provided</I> that the Indebtedness secured thereby
    will not exceed the principal amount of Indebtedness so secured
    at the time of such extension, renewal, alteration or refunding,
    plus an amount necessary to pay fees and expenses, including
    premiums, related to such extensions, renewals, alterations or
    refundings, and that such extension, renewal, alteration or
    refunding Mortgage will be limited to all or any part of the
    same Principal Property and improvements and additions to
    improvements thereon and/or shares of stock and Indebtedness of
    a Restricted Subsidiary which secured the Mortgage extended,
    renewed, altered or refunded or either of such property or
    shares of stock or Indebtedness; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (8)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property or on any shares of stock
    or Indebtedness of any Restricted Subsidiary created, incurred,
    issued or assumed to secure Indebtedness of Teck or any
    Restricted Subsidiary, which would otherwise be subject to the
    foregoing restrictions, in an aggregate amount which, together
    with the aggregate principal amount of other Indebtedness
    secured by Mortgages on any Principal Property or on any shares
    of stock or Indebtedness of any Restricted Subsidiary then
    outstanding (excluding Indebtedness secured by Mortgages
    permitted under the foregoing exceptions) would not then exceed
    10% of Consolidated Net Tangible Assets.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of the foregoing, the giving of a guarantee which
    is secured by a Mortgage on a Principal Property or on shares of
    stock or Indebtedness of any Restricted Subsidiary, and the
    creation of a Mortgage on a Principal Property or on shares of
    stock or Indebtedness of any Restricted Subsidiary to secure
    Indebtedness which existed prior to the creation of such
    Mortgage, will be deemed to involve the creation of Indebtedness
    in an amount equal to the principal amount guaranteed or secured
    by such Mortgage but the amount of Indebtedness secured by
    Mortgages on any Principal Property and shares of stock and
    Indebtedness of Restricted Subsidiaries will be computed without
    cumulating the underlying Indebtedness with any guarantee
    thereof or Mortgage securing the same.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following types of transactions will not be deemed to be
    Mortgages securing Indebtedness: any acquisition by Teck or any
    Restricted Subsidiary of any property or assets subject to any
    reservation or exception under the terms of which any vendor,
    lessor or assignor creates, reserves or excepts or has created,
    reserved or excepted an interest in base metals, precious
    metals, oil, gas or any other mineral or timber in place or the
    proceeds thereof; any conveyance or assignment whereby Teck or
    any Restricted Subsidiary conveys or assigns to any person or
    persons an interest in base metals, precious metals, oil, gas or
    any other mineral or timber in place or the proceeds thereof; or
    any Mortgage upon any property or assets owned or leased by Teck
    or any Restricted Subsidiary or in which Teck or any Restricted
    Subsidiary owns an interest to secure to the person or persons
    paying the expenses of developing or conducting operations for
    the recovery, storage, transportation or sale of the mineral
    resources of the said property (or property with which it is
    utilized) the payment to such person or persons of Teck&#146;s
    or the Restricted Subsidiary&#146;s proportionate part of such
    development or operating expense; provided that such Mortgage
    does not extend beyond such property or assets and that the
    principal amount of any Indebtedness secured thereby does not
    exceed the amount of such expenses.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Consolidation,
    Amalgamation and Merger and Sale of Assets</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The indenture will provide that we may not consolidate or
    amalgamate with or merge into or enter into any statutory
    arrangement with any other person, or, directly or indirectly,
    convey, transfer or lease all or substantially all our
    properties and assets to any person, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the person formed by or continuing from such consolidation or
    amalgamation or into which we are merged or with which we enter
    into such statutory arrangement or the person which acquires or
    leases all or substantially all of our properties and assets is
    organized and existing under the laws of the United States, any
    state thereof or the District of Columbia or the laws of Canada
    or any province or territory thereof, or, if such consolidation,
    amalgamation, merger, statutory arrangement or other transaction
    would not impair the rights of the holders of the debt
    securities under the indenture, in any other country, provided
    that if such successor person is organized
</TD>
</TR>

</TABLE>
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    <BR>
    22
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<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    under the laws of a jurisdiction other than the United States,
    any state thereof or the District of Columbia, or the laws of
    Canada or any province or territory thereof, the successor
    person assumes our obligations under the debt securities and the
    indenture to pay Additional Amounts, and, in connection
    therewith, for purposes of the provisions described in
    <I>&#147;&#151; Payment of Additional Amounts&#148;</I> and
    <I>&#147;&#151; Tax Redemption&#148;</I> below, the reference to
    such successor jurisdiction is added with &#147;Canada&#148; and
    &#147;Canadian&#148; in each place that &#147;Canada&#148; or
    &#147;Canadian&#148; appears therein;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the successor person expressly assumes or assumes by operation
    of law all of our obligations under our debt securities and
    under the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    immediately before and after giving effect to such transaction,
    no event of default and no event which, after notice or lapse of
    time or both, would become an event of default, will have
    happened and be continuing; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    certain other conditions are met.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If, as a result of any such transaction, any of our Principal
    Properties become subject to a Mortgage, then, unless such
    Mortgage could be created pursuant to the indenture provisions
    described under <I>&#147;&#151; Negative Pledge&#148;</I> above
    without equally and ratably securing our debt securities, we,
    simultaneously with or prior to such transaction, will cause our
    debt securities to be secured equally and ratably with or prior
    to the Indebtedness secured by such Mortgage.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Payment
    of Additional Amounts</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, all payments made by or on behalf of us under or
    with respect to any series of our debt securities issued under
    the indenture (or by any guarantor with respect to any guarantee
    of any debt securities) will be made free and clear of and
    without withholding or deduction for or on account of any
    present or future tax, duty, levy, impost, assessment or other
    governmental charge (including penalties, interest and other
    liabilities related thereto) imposed or levied by or on behalf
    of the Government of Canada or any province or territory thereof
    or by any authority or agency therein or thereof having power to
    tax (hereinafter &#147;Canadian Taxes&#148;), unless we are
    required to withhold or deduct Canadian Taxes by law or by the
    interpretation or administration thereof by the relevant
    government authority or agency. If we are so required to
    withhold or deduct any amount for or on account of Canadian
    Taxes from any payment made under or with respect to the debt
    securities issued under the indenture, we will pay to each
    holder of such debt securities as additional interest such
    additional amounts (&#147;Additional Amounts&#148;) as may be
    necessary so that the net amount received by each such holder
    after such withholding or deduction (and after deducting any
    Canadian Taxes on such Additional Amounts) will not be less than
    the amount such holder would have received if such Canadian
    Taxes had not been withheld or deducted. However, no Additional
    Amounts will be payable with respect to a payment made to a debt
    securities holder (such holder, an &#147;Excluded Holder&#148;):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    with which we do not deal at arm&#146;s length (for the purposes
    of the <I>Income Tax Act</I> (Canada)) at the time of the making
    of such payment;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    which is subject to such Canadian Taxes by reason of the debt
    securities holder being a resident, domicile or national of, or
    engaged in business or maintaining a permanent establishment or
    other physical presence in or otherwise having some connection
    with Canada or any province or territory thereof otherwise than
    by the mere holding of the debt securities or the receipt of
    payments thereunder;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    which is subject to such Canadian Taxes by reason of the debt
    securities holder&#146;s failure to comply with any
    certification, identification, documentation or other reporting
    requirements if compliance is required by law, regulation,
    administrative practice or an applicable treaty as a
    precondition to exemption from, or a reduction in the rate of
    deduction or withholding of, such Canadian Taxes; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    which is subject to such Canadian Taxes because the debt
    securities holder is not entitled to the benefit of an
    applicable treaty by reason of the legal nature of such holder.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will also:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make such withholding or deduction; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    remit the full amount deducted or withheld to the relevant
    authority in accordance with applicable law.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will furnish to the holders of the debt securities, within
    60&#160;days after the date the payment of any Canadian Taxes is
    due pursuant to applicable law, certified copies of tax receipts
    or other documents evidencing such payment by us.
</DIV>
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    <BR>
    23
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<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will indemnify and hold harmless each holder of debt
    securities (other than an Excluded Holder) and upon written
    request reimburse each such holder for the amount (excluding any
    Additional Amounts that have previously been paid by us) of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any Canadian Taxes so levied or imposed and paid by such holder
    as a result of payments made under or with respect to the debt
    securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any liability (including penalties, interest and expenses)
    arising therefrom or with respect thereto; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any Canadian Taxes imposed with respect to any reimbursement
    under the preceding two bullet points, but excluding any such
    Canadian Taxes on such holder&#146;s net income.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Wherever in the indenture there is mentioned, in any context,
    the payment of principal (and premium, if any), interest, if
    any, or any other amount payable under or with respect to a debt
    security, such mention will be deemed to include mention of the
    payment of Additional Amounts to the extent that, in such
    context, Additional Amounts are, were or would be payable in
    respect thereof.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Tax
    Redemption</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, a series of our debt securities will be subject to
    redemption at any time, in whole but not in part, at a
    redemption price equal to the principal amount thereof together
    with accrued and unpaid interest to, but not including, the date
    fixed for redemption, upon the giving of a notice as described
    below, if we determine that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    as a result of (A)&#160;any change in or amendment to the laws
    (or any regulations or rulings promulgated thereunder) of Canada
    (or the jurisdiction of organization of our successor) or of any
    political subdivision or taxing authority thereof or therein
    affecting taxation, or (B)&#160;any change in the official
    position regarding the application or interpretation of such
    laws, regulations or rulings by any legislative body, court,
    governmental agency or regulatory authority (including a holding
    by a court of competent jurisdiction), which change or amendment
    is announced or becomes effective on or after (i)&#160;the date
    of the applicable prospectus supplement, or (ii)&#160;the date a
    party organized in a jurisdiction other than Canada or the
    United States becomes our successor, we or such successor, as
    applicable, have or will become obligated to pay, on the next
    succeeding date on which interest is due, Additional Amounts
    with respect to any debt security of such series; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    on or after (i)&#160;the date of the applicable prospectus
    supplement, or (ii)&#160;the date a party organized in a
    jurisdiction other than Canada or the United States becomes our
    successor, any action has been taken by any taxing authority of,
    or any decision has been rendered by a court of competent
    jurisdiction in, Canada (or the jurisdiction of organization of
    our successor) or any political subdivision or taxing authority
    thereof or therein, including any of those actions specified in
    the first bullet, whether or not such action was taken or such
    decision was rendered with respect to us or such successor, as
    applicable, or any change, amendment, application or
    interpretation will be officially proposed, which, in any such
    case, in the written opinion of our legal counsel, will result
    in our, or the successor, as applicable, becoming obligated to
    pay, on the next succeeding date on which interest is due,
    Additional Amounts with respect to any debt security of such
    series,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and, in any such case, we, in our business judgment, determine
    that such obligation cannot be avoided by the use of reasonable
    measures available to us.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event that we elect to redeem a series of our debt
    securities pursuant to the provisions set forth in the preceding
    paragraph, we will deliver to the trustee an officers&#146;
    certificate, signed by two authorized officers, stating that we
    are entitled to redeem such series of our debt securities
    pursuant to their terms.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notice of intention to redeem such series of our debt securities
    will be given not more than 60 nor less than 30&#160;days prior
    to the date fixed for redemption and will specify the date fixed
    for redemption.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Provision
    of Financial Information</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will file with the trustee, within 15&#160;days after we file
    them with the SEC, copies, which may be in electronic format, of
    our annual report and of the information, documents and other
    reports (or copies of such portions of any of the foregoing as
    the SEC may by rules and regulations prescribe) which we are
    required to file with the SEC pursuant to Section&#160;13 or
    15(d) of the Exchange Act. Notwithstanding that we may not be
    required to remain subject to the reporting requirements of
    Section&#160;13 or 15(d) of the Exchange Act or otherwise report
    on an annual and quarterly basis on forms
</DIV>
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    <BR>
    24
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<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    provided for such annual and quarterly reporting pursuant to
    rules and regulations promulgated by the SEC, we will continue
    to provide the trustee:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    within 140&#160;days after the end of each fiscal year, the
    information required to be contained in annual reports on
    <FONT style="white-space: nowrap">Form&#160;20-F,</FONT>
    <FONT style="white-space: nowrap">Form&#160;40-F</FONT>
    or
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    as applicable (or any successor form); and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    within 60&#160;days after the end of each of the first three
    fiscal quarters of each fiscal year, the information required to
    be contained in reports on
    <FONT style="white-space: nowrap">Form&#160;6-K</FONT>
    (or any successor form) which, regardless of applicable
    requirements will, at a minimum, contain such information
    required to be provided in quarterly reports under the laws of
    Canada or any province thereof to security holders of a
    corporation with securities listed on the Toronto Stock
    Exchange, whether or not we have any of our securities listed on
    such exchange.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Such information will be prepared in accordance with Canadian
    disclosure requirements and GAAP; <I>provided, however,</I> that
    we will not be obligated to file such reports with the SEC if
    the SEC does not permit such filings.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Events of
    Default</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following are summaries of events of default under the
    indenture with respect to debt securities of any series:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    default in the payment of any interest on any debt securities of
    that series when such interest becomes due and payable, and such
    default is continued for 30&#160;days;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    default in the payment of the principal of (or premium, if any,
    on) any debt securities of that series when it becomes due and
    payable;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    default in the performance, or breach, of any of the covenants
    of the company in the indenture in respect of the debt
    securities of that series and described above under
    <I>&#147;&#151; Consolidation, Amalgamation and Merger and Sale
    of Assets&#148;</I>;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    default in the performance, or breach, of any other covenant of
    the company in the indenture in respect of the debt securities
    of that series, and such default or breach is continued for
    60&#160;days after written notice to us as provided in the
    indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if an event of default (as defined in any indenture or
    instrument under which we or one of our Restricted Subsidiaries
    has at the time of the indenture or will thereafter have
    outstanding any Indebtedness) has occurred and is continuing, or
    Teck or any Restricted Subsidiary has failed to pay principal
    amounts with respect to such Indebtedness at maturity and such
    event of default or failure to pay has resulted in Indebtedness
    under such indentures or instruments being declared due, payable
    or otherwise being accelerated, in either event so that an
    amount in excess of the greater of US$100,000,000 and 2% of our
    Shareholders&#146; Equity will be or become due, payable and
    accelerated upon such declaration or prior to the date on which
    the same would otherwise have become due, payable and
    accelerated (the &#147;accelerated indebtedness&#148;), and such
    acceleration will not be rescinded or annulled, or such event of
    default or failure to pay under such indenture or instrument
    will not be remedied or cured, whether by payment or otherwise,
    or waived by the holders of such accelerated indebtedness, then
    (i)&#160;if the accelerated indebtedness will be as a result of
    an event of default which is not related to the failure to pay
    principal or interest on the terms, at the times, and on the
    conditions set out in any such indenture or instrument, it will
    not be considered an event of default for purposes of the
    indenture governing our debt securities until 30&#160;days after
    such Indebtedness has been accelerated, or (ii)&#160;if the
    accelerated indebtedness will occur as a result of such failure
    to pay principal or interest or as a result of an event of
    default which is related to the failure to pay principal or
    interest on the terms, at the times, and on the conditions set
    out in any such indenture or instrument, then (A)&#160;if such
    accelerated indebtedness is, by its terms, non-recourse to us or
    our Restricted Subsidiaries, it will not be considered an event
    of default for purposes of the indenture governing our debt
    securities; or (B)&#160;if such accelerated indebtedness is
    recourse to us or our Restricted Subsidiaries, any requirement
    in connection with such failure to pay or event of default for
    the giving of notice or the lapse of time or the happening of
    any further condition, event or act under such other indenture
    or instrument in connection with such failure to pay principal
    or an event of default will be applicable together with an
    additional seven days before being considered an event of
    default for purposes of the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    certain events of bankruptcy, insolvency or reorganization
    occur; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any other events of default provided with respect to debt
    securities of that series.
</TD>
</TR>

</TABLE>
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    <BR>
    25
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If an event of default with respect to any series of the debt
    securities occurs and is continuing, unless the principal amount
    of all of the debt securities of that series will have already
    become due and payable, the trustee may, in its discretion, and
    will upon request in writing made by the holders of not less
    than 25% in aggregate principal amount of the outstanding debt
    securities of such affected series, declare by written notice to
    us as provided in the indenture, the principal amount of all
    debt securities of such affected series and all accrued interest
    thereon to be immediately due and payable. However, at any time
    after a declaration of acceleration with respect to the debt
    securities has been made and before a judgment or decree for
    payment of the money due has been obtained, the holders of a
    majority in aggregate principal amount of the outstanding debt
    securities of that series may, under certain circumstances,
    rescind and annul such declaration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except in cases of default where the trustee is required to
    exercise those rights and powers vested in it by the indenture,
    as a prudent man would exercise or use under the circumstances
    in the conduct of his own affairs, the trustee is not required
    to take any action under the indenture at the request of any
    holders of the debt securities unless the holders offer the
    trustee protection from expenses and liability satisfactory to
    the trustee (called an &#147;indemnity&#148;). If such indemnity
    is provided, the holders of a majority in aggregate principal
    amount of the outstanding debt securities may direct the time,
    method and place of conducting any lawsuit or other formal legal
    action seeking any remedy available to the trustee and these
    majority holders may also direct the trustee to perform or
    exercise any trust or power granted to the trustee under the
    indenture with respect to the debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No holder of debt securities of any series will have any right
    to institute any proceeding with respect to the indenture, or
    for the appointment of a receiver or a trustee or for any other
    remedy thereunder, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    such holder has previously given to the trustee written notice
    that an event of default has occurred with respect to the debt
    securities of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    the holders of at least 25% in aggregate principal amount of the
    outstanding debt securities of such series make a written
    request that the trustee take action because of the default, and
    such holder or holders offer an indemnity satisfactory to the
    trustee against the cost and other liabilities of taking that
    action; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    the trustee has not received from the holders of a majority in
    aggregate principal amount of the outstanding debt securities of
    such series a direction inconsistent with such request and has
    failed to take any action for 60&#160;days after receipt of the
    above notice, request and direction.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    However, such above-mentioned limitations do not apply to a suit
    instituted by the holder of a debt security for the enforcement
    of payment of the principal of, or any premium, if any, or
    interest on such debt securities on or after the applicable due
    date specified in such debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The trustee may withhold notice of any continuing default from
    the holders of the debt securities (except a default in the
    payment of principal (or premium, if any) or interest, if any),
    if it determines in good faith that withholding notice is in the
    interest of the holders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Every year we will furnish to the trustee a written statement of
    certain of our officers certifying that to their knowledge we
    are in compliance with the indenture and the debt securities or,
    if not, specifying any known default.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Modification
    and Waiver</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Modifications and amendments of the indenture may be made by us,
    any applicable guarantor and the trustee with the consent of the
    holders of a majority in principal amount of the outstanding
    debt securities of each series issued under the indenture
    affected by such modification or amendment; <I>provided,
    however,</I> that no such modification or amendment may, without
    the consent of the holder of each outstanding debt security of
    such affected series:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the stated maturity of the principal of (or premium, if
    any) or any installment of interest, if any, on any debt
    security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change any of our obligations to pay Additional Amounts (except
    under certain circumstances provided in the indenture);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the principal amount of (or premium, if any), or rate of
    interest, if any, on any debt security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the amount of principal of a debt security payable upon
    acceleration of the maturity thereof or the amount thereof
    provable in bankruptcy or adversely affect any right of
    repayment at the option of any holder of debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the place of payment;
</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    26
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the currency of payment of principal of (or premium, if
    any) or interest, if any, on any debt security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    adversely affect any right to convert or exchange any debt
    security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    impair the right to institute suit for the enforcement of any
    payment on or with respect to any debt security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the voting or quorum requirements relating to meetings of
    holders of debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the percentage of aggregate principal amount of
    outstanding debt securities of such series, the consent of the
    holders of which is required for modification or amendment of
    the applicable indenture provisions or for waiver of compliance
    with certain provisions of the indenture or for waiver of
    certain defaults; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    modify any provisions of the indenture relating to the
    modification and amendment of the indenture or the waiver of
    past defaults of covenants except as otherwise specified in the
    indenture.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of a majority in principal amount of our outstanding
    debt securities of any series may on behalf of the holders of
    all debt securities of that series waive, insofar as that series
    is concerned, compliance by us with certain restrictive
    provisions of the indenture. The holders of a majority in
    principal amount of outstanding debt securities of any series
    may waive any past default under the indenture with respect to
    that series, except a default in the payment of the principal of
    (or premium, if any) and interest, if any, on any debt security
    of that series or in respect of a provision which under the
    indenture cannot be modified or amended without the consent of
    the holder of each outstanding debt security of that series. The
    indenture or the debt securities may be amended or supplemented,
    without the consent of any holder of such debt securities, in
    order to, among other things, cure any ambiguity or
    inconsistency or to make any change, in any case, that would not
    adversely affect any holder of such debt securities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Defeasance
    and Covenant Defeasance</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, the indenture will provide that, at our option, we
    (and any applicable guarantor) will be discharged from any and
    all obligations in respect of the outstanding debt securities of
    any series upon irrevocable deposit with the trustee, in trust,
    of money and/or U.S. government securities which will provide
    money in an amount sufficient in the opinion of a nationally
    recognized firm of financial advisers or independent chartered
    accountants as evidenced by a certificate of an officer of the
    company delivered to the trustee to pay the principal of (and
    premium, if any) and interest, if any, on the outstanding debt
    securities of such series (hereinafter referred to as a
    &#147;defeasance&#148;) (except with respect to the
    authentication, transfer, exchange or replacement of our debt
    securities or the maintenance of a place of payment and certain
    other obligations set forth in the indenture). Such trust may
    only be established if, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we have delivered to the trustee an opinion of counsel in the
    United States stating that (i)&#160;we have received from, or
    there has been published by, the United States Internal Revenue
    Service a ruling, or (ii)&#160;since the date of execution of
    the indenture, there has been a change in the applicable United
    States federal income tax law, in either case to the effect that
    the holders of the outstanding debt securities of such series
    will not recognize income, gain or loss for United States
    federal income tax purposes as a result of such defeasance and
    will be subject to United States federal income tax on the same
    amounts, in the same manner and at the same times as would have
    been the case if such defeasance had not occurred;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we have delivered to the trustee an opinion of counsel in Canada
    or a ruling from the Canada Revenue Agency to the effect that
    the holders of the outstanding debt securities of such series
    will not recognize income, gain or loss for Canadian federal,
    provincial or territorial income or other Canadian tax purposes
    as a result of such defeasance and will be subject to Canadian
    federal, provincial or territorial income and other Canadian tax
    on the same amounts, in the same manner and at the same times as
    would have been the case had such defeasance not occurred (and
    for the purposes of such opinion, such Canadian counsel will
    assume that holders of the outstanding debt securities of such
    series include holders who are not resident in Canada);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    no event of default or event that, with the passing of time or
    the giving of notice, or both, will constitute an event of
    default will have occurred and be continuing on the date of such
    deposit;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we are not an &#147;insolvent person&#148; within the meaning of
    the <I>Bankruptcy and Insolvency Act</I> (Canada) on the date of
    such deposit and after the 91st day following the deposit, the
    trust funds will not be subject to the effect of any applicable
    bankruptcy, insolvency, reorganization or similar laws affecting
    creditors&#146; rights generally; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    other customary conditions precedent are satisfied.
</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    27
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may exercise our defeasance option notwithstanding our prior
    exercise of our covenant defeasance option described in the
    following paragraph if we meet the conditions described in the
    preceding paragraph at the time we exercise the defeasance
    option.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The indenture will provide that, at our option, unless and until
    we have exercised our defeasance option described above, we (and
    any applicable guarantor) may omit to comply with the covenants
    described under <I>&#147;&#151; Negative Pledge&#148;</I>, and
    certain aspects of the covenant described under <I>&#147;&#151;
    Consolidation, Amalgamation, Merger and Sale of Assets&#148;</I>
    and certain other covenants and such omission will not be deemed
    to be an event of default under the indenture and our
    outstanding debt securities upon irrevocable deposit with the
    trustee, in trust, of money and/or U.S. government securities
    which will provide money in an amount sufficient in the opinion
    of a nationally recognized firm of financial advisers or
    independent chartered accountants as evidenced by a certificate
    of an officer of the company delivered to the trustee to pay the
    principal of (and premium, if any) and interest, if any, on the
    outstanding debt securities (hereinafter referred to as
    &#147;covenant defeasance&#148;). If we exercise our covenant
    defeasance option, the obligations under the indenture other
    than with respect to such covenants and the events of default
    other than with respect to such covenants will remain in full
    force and effect. Such trust may only be established if, among
    other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we have delivered to the trustee an opinion of counsel in the
    United States to the effect that the holders of our outstanding
    debt securities will not recognize income, gain or loss for
    United States federal income tax purposes as a result of such
    covenant defeasance and will be subject to United States federal
    income tax on the same amounts, in the same manner and at the
    same times as would have been the case if such covenant
    defeasance had not occurred;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we have delivered to the trustee an opinion of counsel in Canada
    or a ruling from the Canada Revenue Agency to the effect that
    the holders of our outstanding debt securities will not
    recognize income, gain or loss for Canadian federal, provincial
    or territorial income or other Canadian tax purposes as a result
    of such covenant defeasance and will be subject to Canadian
    federal, provincial or territorial income and other Canadian tax
    on the same amounts, in the same manner and at the same times as
    would have been the case had such covenant defeasance not
    occurred (and for the purposes of such opinion, such Canadian
    counsel will assume that holders of our outstanding debt
    securities include holders who are not resident in Canada);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    no event of default or event that, with the passing of time or
    the giving of notice, or both, will constitute an event of
    default will have occurred and be continuing on the date of such
    deposit;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we are not an &#147;insolvent person&#148; within the meaning of
    the <I>Bankruptcy and Insolvency Act</I> (Canada) on the date of
    such deposit and after the 91st day following the deposit, the
    trust funds will not be subject to the effect of any applicable
    bankruptcy, insolvency, reorganization or similar laws affecting
    creditors&#146; rights generally; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    other customary conditions precedent are satisfied.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Governing
    Law</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The indenture and the offered debt securities will be governed
    by, and construed in accordance with, the laws of the State of
    New York.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Consent
    to Service</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the indenture, Teck will irrevocably appoint CT
    Corporation System, 111&#160;&#151; 8th Avenue, 13th Floor,
    New&#160;York, New York 10011, as its authorized agent upon
    which process may be served in any suit or proceeding arising
    out of or relating to the indenture or the offered debt
    securities that may be instituted in any federal or New York
    state court located in the Borough of Manhattan, in the City of
    New York, or brought by the trustee (whether in its individual
    capacity or in its capacity as trustee under the indenture), and
    will irrevocably submit to the non-exclusive jurisdiction of
    such courts.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Discharge
    of the Indenture</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may satisfy and discharge our obligations under the indenture
    with respect to the offered debt securities by delivering to the
    trustee for cancellation all such outstanding debt securities or
    by depositing with the trustee or the paying agent, after such
    debt securities have become due and payable, whether at stated
    maturity, on any redemption date or otherwise, cash sufficient
    to pay all of the outstanding debt securities and pay all other
    sums payable under the indenture by us.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    28
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Enforceability
    of Judgments</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are incorporated under and governed by the laws of Canada.
    Many of our assets are located outside the United States and
    most of our directors and officers and some of the experts named
    in this prospectus are not residents of the United States. As a
    result, it may be difficult for you to effect service within the
    United States upon us and upon those directors, officers and
    experts, or to realize in the United States upon judgments of
    courts of the United States predicated upon our civil liability
    and the civil liability of our directors, officers or experts
    under the United States federal securities laws. We have been
    advised by our Canadian counsel, Lang Michener LLP, that there
    is doubt as to the enforceability in Canada by a court in
    original actions, or in actions to enforce judgments in United
    States courts, of civil liabilities predicated upon United
    States federal securities laws.
</DIV>

<A name='111'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PRICE
    RANGE AND TRADING VOLUMES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Class&#160;A common shares are listed and posted for trading
    on the Toronto Stock Exchange (the &#147;TSX&#148;) under the
    symbol &#147;TCK.A&#148;. The Class&#160;B subordinate voting
    shares are listed and posted for trading on the TSX and the New
    York Stock Exchange under the symbols &#147;TCK.B&#148; and
    &#147;TCK&#148;, respectively. The following tables set forth
    the reported high and low closing sale prices and the aggregate
    volume of trading of the Class&#160;A common shares and the
    Class&#160;B subordinate voting shares on the TSX during the
    12&#160;months preceding the date of this prospectus.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="18%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="12" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Class A common shares</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="12" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Class B subordinate voting shares</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Date</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>High</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Volume</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Date</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>High</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Volume</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2009</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    April
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9.99
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    183,600
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;April
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12.53
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.80
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    313,527,100
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    May
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    20.80
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16.19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    169,900
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;May
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17.15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    13.49
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    232,864,300
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    June
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    20.96
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    18.78
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    154,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;June
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    20.69
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17.32
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    196,221,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    July
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    29.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    19.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    106,600
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;July
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    28.35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17.87
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    210,518,400
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    August
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    30.70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    27.49
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    109,400
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;August
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    29.80
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    26.42
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    111,782,700
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    September
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    31.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    26.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    74,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;September
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    30.54
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    25.51
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    81,802,300
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    October
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    35.30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    28.92
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    91,600
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;October
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    35.11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    28.24
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    88,628,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    November
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    37.72
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    31.46
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    88,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;November
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    37.48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    31.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    66,190,900
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    December
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    40.65
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    35.61
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    58,300
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;December
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    39.80
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    34.84
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    68,121,900
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2010</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>2010</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    January
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    42.89
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    35.40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    66,800
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;January
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    41.79
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    35.01
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    60,488,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    February
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    40.52
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    34.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    67,600
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;February
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    39.78
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    33.89
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87,428,600
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    March
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    44.99
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    40.60
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,600
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;March
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    44.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    39.94
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    67,150,100
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    April
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    47.60
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    41.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    64,700
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;&#160;April
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    46.75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    39.92
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    65,795,800
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    May 1&#160;&#151; 21
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    39.47
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    33.20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    118,740
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    &#160;&#160;May 1&#160;&#151; 21
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    39.53
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    31.96
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89,266,746
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<A name='112'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTAIN
    INCOME TAX CONSEQUENCES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable prospectus supplement will describe to an
    investor who is a non-resident of Canada certain Canadian
    federal income tax consequences of acquiring, owning and
    disposing of any offered debt securities offered thereunder. The
    applicable prospectus supplement will also describe certain
    United States federal income tax consequences of the
    acquisition, ownership and disposition of any offered debt
    securities offered thereunder by an initial investor who is a
    United States person (within the meaning of the United States
    Internal Revenue Code).
</DIV>

<A name='113'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PLAN OF
    DISTRIBUTION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may sell the offered debt securities to or through
    underwriters or dealers, and also may sell such offered debt
    securities to one or more other purchasers directly or through
    agents. In addition, we may issue the offered debt securities
    pursuant to one or more exchange offers for our previously
    issued debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable prospectus supplement will set forth the terms of
    the offering relating to the particular offered debt securities,
    including, to the extent applicable, the name or names of any
    underwriters or agents, the proceeds to us from the sale of the
    offered debt securities, the terms of any exchange offer, any
    underwriting discount or commission and any
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    29
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    discounts, concessions or commissions allowed or reallowed or
    paid by any underwriter to other dealers. Any offering price and
    any discounts, concessions or commissions allowed or reallowed
    or paid to dealers may be changed from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The offered debt securities may be sold or exchanged from time
    to time in one or more transactions at a fixed price or prices,
    which may be changed, or at market prices prevailing at the time
    of sale or exchange, at prices related to such prevailing market
    prices or at prices to be negotiated with purchasers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the issuance of the offered debt securities,
    underwriters may receive compensation from us or from purchasers
    of such offered debt securities for whom they may act as agents
    in the form of concessions or commissions. Underwriters, dealers
    and agents that participate in the distribution of the offered
    debt securities may be deemed to be underwriters and any
    commissions received by them from us and any profit on the
    resale of such offered debt securities by them may be deemed to
    be underwriting commissions under the U.S. Securities Act of
    1933, as amended (the &#147;Securities Act&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If so indicated in the applicable prospectus supplement, we may
    authorize dealers or other persons acting as our agents to
    solicit offers by certain institutions to purchase or exchange
    the offered debt securities directly from us pursuant to
    contracts providing for payment and delivery on a future date.
    Such contracts will be subject only to the conditions set forth
    in such prospectus supplement, which will also set forth the
    commission payable for solicitation of such contracts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Underwriters, dealers and agents who participate in the
    distribution of the offered debt securities may be entitled
    under agreements to be entered into with us to indemnification
    by us against certain liabilities, including liabilities under
    the Securities Act, or to contributions with respect to payments
    which such underwriters, dealers, or agents may be required to
    make in respect thereof. Such underwriters, dealers and agents
    may be customers of, engage in transactions with or perform
    services for us in the ordinary course of business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with any offering of offered debt securities,
    underwriters may over-allot or effect transactions which
    stabilize or maintain the market price of the offered debt
    securities offered at a level above that which might otherwise
    prevail in the open market. Such transactions, if commenced, may
    be discontinued at any time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The offered debt securities will not be distributed, directly or
    indirectly, in Canada or to residents of Canada in contravention
    of the securities laws of any province or territory of Canada.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each series of offered debt securities will be a new issue of
    debt securities with no established trading market. Unless
    otherwise specified in the applicable prospectus supplement
    relating to a series of offered debt securities, the offered
    debt securities will not be listed on any securities exchange or
    automated quotation system and you may not be able to resell any
    such offered debt securities purchased. Certain broker-dealers
    may make a market in the offered debt securities, but will not
    be obligated to do so and may discontinue any market making at
    any time without notice. No assurance can be given that any
    broker-dealer will make a market in the offered debt securities
    of any series or as to the liquidity of the trading market for
    the offered debt securities of any series.
</DIV>

<A name='114'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">LEGAL
    MATTERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, certain matters of Canadian law will be passed upon
    on our behalf by Lang Michener LLP, Toronto and Vancouver,
    Canada and certain matters of United States law will be passed
    upon on our behalf by Paul, Weiss, Rifkind, Wharton&#160;&#038;
    Garrison LLP, New York, New York. In addition, certain matters
    of United States law will be passed upon for the underwriters by
    Shearman&#160;&#038; Sterling LLP, Toronto, Canada.
</DIV>

<A name='115'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXPERTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our auditors, PricewaterhouseCoopers LLP, Chartered Accountants,
    have prepared an opinion with respect to our consolidated
    financial statements as at and for the year ended
    December&#160;31, 2009, which consolidated financial statements
    an opinion have been incorporated by reference herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each of Paul C. Bankes, P.Geo., Americo Zuzunaga AIMM, Don
    Mills, P.Geol. and Ross Pritchard, P.Eng. has acted as a
    Qualified Person (as such term is defined in National Instrument
    <FONT style="white-space: nowrap">43-101&#160;&#151;</FONT>
    <I>Standards of Disclosure for Mineral Projects</I>) in
    connection with the estimates of mineral reserves and resources
    presented in Teck&#146;s Annual Information Form dated
    March&#160;15, 2010 for the year ended December&#160;31, 2009,
    which has been incorporated by reference herein. Mr.&#160;Bankes
    is our employee. Messrs.&#160;Mills and Pritchard are employees
    of Teck Coal Partnership, which is directly and indirectly
    wholly-owned by Teck. Mr.&#160;Zuzunaga is an employee of
    Compa&#241;&#237;a Minera Antamina S.A., in which we hold a
    22.5% share interest. Sproule Unconventional Limited has acted
    as an independent reserves evaluator in connection with
</DIV>
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    <BR>
    30
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    our interest in the Fort&#160;Hills, Frontier and Equinox oil
    sands projects. Messrs.&#160;Bankes, Zuzunaga, Mills and
    Pritchard, and the principals of Sproule Unconventional Limited
    hold beneficially, directly or indirectly, less than 1% of any
    class of our securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The partners and associates of Lang Michener LLP, as a group,
    hold beneficially, directly or indirectly, less than 1% of any
    class of our securities.
</DIV>

<A name='116'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DOCUMENTS
    FILED AS PART&#160;OF THE REGISTRATION STATEMENT</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following documents have been filed with the SEC as part of
    the registration statement of which this prospectus is a part
    insofar as required by the SEC&#146;s
    <FONT style="white-space: nowrap">Form&#160;F-9:</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    the documents listed under <I>&#147;Where You Can Find More
    Information&#148;</I> in this prospectus;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    the consent of our independent accountants,
    PricewaterhouseCoopers LLP;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    the consent of our Canadian counsel, Lang Michener LLP;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    the consents of Paul C. Bankes, P.Geo., an employee of Teck,
    Americo Zuzunaga, AIMM, an employee of Compa&#241;&#237;a Minera
    Antamina S.A., Don Mills, P.Geol., and Ross Pritchard, P.Eng.,
    employees of Teck Coal Partnership, and Sproule Unconventional
    Limited;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (e)&#160;
</TD>
    <TD align="left">
    powers of attorney from directors and officers of Teck and Teck
    Metals;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (f)&#160;
</TD>
    <TD align="left">
    the form of the indenture relating to the debt securities; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (g)&#160;
</TD>
    <TD align="left">
    statement of eligibility of the trustee on
    <FONT style="white-space: nowrap">Form&#160;T-1.</FONT>
</TD>
</TR>

</TABLE>
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    <BR>
    31
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<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
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<A name='118'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AUDITORS&#146;
    CONSENT</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have read the short form base shelf prospectus (the
    &#147;prospectus&#148;) of Teck Resources Limited (the
    &#147;company&#148;)
    dated&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;,
    2010 relating to the offer, from time to time, of up to an
    aggregate principal amount of US$6,000,000,000 (or the
    equivalent in other currencies) of debt securities of the
    company. We have complied with Canadian generally accepted
    standards for an auditor&#146;s involvement with offering
    documents.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We consent to the incorporation by reference in the
    above-mentioned prospectus of our report to the shareholders of
    the company with respect to the consolidated balance sheets of
    the company as at December&#160;31, 2009 and December&#160;31,
    2008 and the related consolidated statements of earnings,
    comprehensive income, shareholders&#146; equity and cash flows
    for each of the years in the three-year period ended
    December&#160;31, 2009 and the effectiveness of internal control
    over financial reporting. Our report to the shareholders is
    dated February&#160;23, 2010, except for Note&#160;3(b)(ii)
    which is as of March&#160;5, 2010.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF"><!-- TABLE 04 -->

<TR>
    <TD width="50%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"></TD>
    <TD nowrap align="right">    <FONT style="font-family: 'Times New Roman', Times"> Chartered
    Accountants
    </FONT></TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Vancouver, Canada
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;,
    2010
</DIV>
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    <BR>
    32
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<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "PART II" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION NOT REQUIRED TO BE DELIVERED<BR>
TO OFFEREES OR PURCHASERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Indemnification</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the Registrants are corporations formed under the <I>Canada Business Corporations Act</I>
(the &#147;CBCA&#148;). CBCA corporations may indemnify a current or former director or officer or any other
individual who, at the request of the corporation, acts or has acted as a director or officer, or
in any similar capacity, of the corporation or any other entity. Such indemnity may include all
costs, charges and expenses reasonably incurred by the individual in respect of any civil,
criminal, administrative, investigative or other proceeding in which the individual becomes
involved as a result of having acted as a director or officer, or in any similar capacity, of the
corporation or such other entity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A CBCA corporation may not indemnify such an individual unless the individual has (a)&nbsp;acted
honestly and in good faith with a view to the best interests of the corporation or the other
entity, as the case may be, and (b)&nbsp;in the case of a criminal or administrative action or
proceeding that is enforced by a monetary penalty, the individual had reasonable grounds for
believing that their conduct was lawful. Current and former directors and officers, and those
acting in a similar capacity, will be entitled to indemnification from a CBCA corporation if they
have not been judged by a court or other competent authority to have committed any fault or omitted
to do anything they ought to have done and conditions (a)&nbsp;and (b)&nbsp;set out above in this paragraph
have been fulfilled. A CBCA corporation may advance moneys to an indemnified individual for the
costs, charges and expenses of a proceeding; however, such individual must repay the moneys if they
do not fulfill conditions (a)&nbsp;and (b)&nbsp;set out above in this paragraph. CBCA corporations may
purchase and maintain liability insurance for the benefit for those individuals entitled to
indemnification under the CBCA. In the case of a derivative action, indemnification may only be
made with court approval.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The by-laws of Teck Resources Limited (&#147;Teck Resources&#148;) provide that, subject to the
limitations contained in the CBCA, Teck Resources shall indemnify any director or officer, or
former director or officer, of Teck Resources, or any person who, at the request of Teck Resources,
acts or has acted as a director or officer of a body corporate of which Teck Resources is or was a
shareholder or creditor (or any person who undertakes or has undertaken any liability on behalf of
Teck Resources or any such body corporate), together with his or her heirs and legal
representatives, against all costs, charges and expenses, including any amount paid to settle an
action or satisfy a judgment, reasonably incurred by him or her in respect of any civil, criminal
or administrative action or proceeding to which he or she was made a party by reason of being or
having been a director or officer of Teck Resources or such body corporate. Such director or
officer, or former director or officer, must have acted honestly and in good faith, with a view to
the best interests of the corporation, and in the case of a criminal or administrative action or
proceeding that is enforced by a monetary penalty, had reasonable grounds for believing that his or
her conduct was lawful. The by-laws also provide that Teck Resources shall indemnify such a party
in such other circumstances as the CBCA permits or requires.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The by-laws of Teck Resources provide that it may, subject to the limitations contained in the
CBCA, purchase and maintain insurance for the benefit of any person referred to in the foregoing
paragraph.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The by-laws of Teck Metals Ltd. (&#147;Teck Metals&#148;) provide that, subject to the limitations
contained in the CBCA but without limit to the right of Teck Metals to indemnify any person under
the CBCA or otherwise, Teck Metals shall indemnify any director or officer, or former director or
officer, of Teck Metals, or any person who, at the request of Teck Metals, acts or has acted as a
director or officer of a body corporate of which Teck Metals is or was a shareholder or creditor,
together with his or her heirs and legal representatives, against all costs, charges and expenses,
including any amount paid to settle an action or satisfy a judgment, reasonably incurred by him or
her in respect of any civil, criminal or administrative action or proceeding to which he or she was
made a party by reason of being or having been a director or officer of Teck Metals or a director
or officer of such body corporate. Such director or officer, or former director or officer, must
have acted honestly and in good faith with a view to the best interests of the corporation, and in
the case of a criminal or administrative action or proceeding that is enforced by a monetary
penalty, had reasonable grounds for believing that his or her conduct was lawful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The by-laws of Teck Metals provide that Teck Metals may, subject to the limitations contained
in the CBCA, purchase, maintain or participate in such insurance for the benefit of such persons
referred to in the foregoing paragraph as the board of directors of the corporation may from time
to time determine.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers or persons controlling the Registrants pursuant to the foregoing
provisions, the Registrants have been informed that in the opinion of the U.S. Securities and
Exchange Commission such indemnification is against public policy as expressed in the Securities
Act of 1933 and is therefore unenforceable.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "EXHIBITS" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBITS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Annual Information Form of Teck Resources, dated March&nbsp;15, 2010, for the fiscal
year ended December&nbsp;31, 2009 (incorporated by reference from Teck Resources&#146;
Annual Report on Form&nbsp;40-F for the fiscal year ended December&nbsp;31, 2009 filed with
the Securities and Exchange Commission on March&nbsp;23, 2010) (Teck Resources&#146;
Securities and Exchange Commission <font style="white-space: nowrap">File No.&nbsp;1-13184).</font></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The audited consolidated financial statements of Teck Resources and the related
notes thereto as at December&nbsp;31, 2009 and 2008, and for each of the years in the
three year period ended December&nbsp;31, 2009, and the Auditors&#146; Report thereon
(incorporated by reference from Teck Resources&#146; Annual Report on Form&nbsp;40-F for the
fiscal year ended December&nbsp;31, 2009 filed with the Securities and Exchange
Commission on March&nbsp;23, 2010) (Teck Resources&#146; Securities and Exchange Commission
File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of Financial Position and Operating Results
of Teck Resources for the year ended December&nbsp;31, 2009 (incorporated by reference
from Teck Resources&#146; Annual Report on Form&nbsp;40-F for the fiscal year ended December
31, 2009 filed with the Securities and Exchange Commission on March&nbsp;23, 2010)
(Teck Resources&#146; Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The unaudited consolidated interim financial statements of Teck Resources and the
related notes thereto for the three months ended March&nbsp;31, 2010 and 2009
(incorporated by reference from Teck Resources&#146; Form&nbsp;6-K filed with the Securities
and Exchange Commission on April&nbsp;21, 2010) (Teck Resources&#146; Securities and
Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of Financial Position and Operating Results
of Teck Resources for the three months ended March&nbsp;31, 2010 (incorporated by
reference from Teck Resources&#146; Form&nbsp;6-K filed with the Securities and Exchange
Commission on April&nbsp;21, 2010) (Teck Resources&#146; Securities and Exchange Commission
File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Management Proxy Circular of Teck Resources, dated March&nbsp;1, 2010, issued in
connection with the Annual and Special Meeting of Shareholders of Teck Resources
held on April&nbsp;22, 2010 (incorporated by reference from Teck Resources&#146; Report on
Form&nbsp;6-K filed with the Securities and Exchange Commission on
March&nbsp;24, 2010)
(Teck Resources&#146; Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Management Proxy Circular of Teck Resources, dated March&nbsp;2, 2009, issued in
connection with the Annual and Special Meeting of Shareholders of Teck Resources
held on April&nbsp;22, 2009 (incorporated by reference from Teck Resources&#146; Report on
Form&nbsp;6-K filed with the Securities and Exchange Commission on
March&nbsp;20, 2009)
(Teck Resources&#146; Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP in respect of Teck Resources&#146; financials.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Lang Michener LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.3*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Paul C. Bankes, P. Geo.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.4*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Americo Zuzunaga, AIMM.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.6*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Sproule Unconventional Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.7*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Don Mills, P. Geol.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.8*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Ross Pritchard, P. Eng.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature page of this Registration Statement).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Trust Indenture.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Statement of Eligibility of the Trustee of Form&nbsp;T-1.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>To be filed by amendment.</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 10pt"><!-- Folio -->II-3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "PART III" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART III</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>UNDERTAKING AND CONSENT TO SERVICE OF PROCESS</B>
</DIV>

<!-- link2 "Item&nbsp;1. Undertaking" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1. Undertaking</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each 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 F-9 or
to transactions in said securities.
</DIV>
<!-- link2 "Item&nbsp;2. Consent to Service of Process" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2. Consent to Service of Process</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Concurrent with the filing of this Registration Statement, the Registrants have filed with the
Commission a written irrevocable consent and power of attorney on Form F-X.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any change to the name or address of the agent for service of process of the Registrants shall
be communicated promptly to the Securities and Exchange Commission by an amendment to the Form F-X
referencing the file number of the relevant registration statement.
</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->III-1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form F-9 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Vancouver, Province of British Columbia, Country of
Canada, on May&nbsp;25, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>TECK RESOURCES LIMITED</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Peter C. Rozee
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Peter C. Rozee&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President,<BR>

Commercial and Legal Affairs&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby constitutes and appoints Donald R. Lindsay,
Ronald A. Millos, Peter C. Rozee and Karen L. Dunfee, and each of them, any of whom may act without
the joinder of the other, the true and lawful attorney-in-fact and agent of the undersigned, with
full power of substitution and resubstitution, for and in the name, place and stead of the
undersigned, in any and all capacities, to sign any and all amendments to this Registration
Statement, and to file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, and hereby grants to such attorney-in-fact
and agent, full power and authority to do and perform each and every act and thing requisite and
necessary to be done, as fully to all intents and purposes as the undersigned might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute
or substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Capacity</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Donald R. Lindsay
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Donald R. Lindsay
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Executive and
Director<BR>

(Principal Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ronald A. Millos
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ronald A. Millos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Finance
and Chief Financial Officer
(Principal Financial Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John F. Gingell
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
John F. Gingell
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Controller<BR>
(Principal Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Norman B. Keevil
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Norman B. Keevil
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board and Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->III-2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Capacity</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Norman B. Keevil III
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Norman B. Keevil III
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Mayank M. Ashar
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Mayank M. Ashar
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ J. Brian Aune
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
J. Brian Aune
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jalynn H. Bennett
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Jalynn H. Bennett
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Hugh J. Bolton
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Hugh J. Bolton
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Felix P. Chee
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Felix P. Chee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jack L. Cockwell
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Jack L. Cockwell
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Takashi Kuriyama
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Takashi Kuriyama
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Takuro Mochihara
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Takuro Mochihara
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Janice G. Rennie
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Janice G. Rennie
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Warren S. R. Seyffert
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Warren S. R. Seyffert
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Chris M. T. Thompson
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Chris M. T. Thompson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->III-3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form F-9 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Vancouver, Province of British Columbia, Country of
Canada, on May&nbsp;25, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>TECK METALS LTD.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Peter C. Rozee
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Peter C. Rozee&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President,<BR>

Commercial and Legal Affairs&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby constitutes and appoints Donald R. Lindsay,
Ronald A. Millos, Peter C. Rozee and Karen L. Dunfee, and each of them, any of whom may act without
the joinder of the other, the true and lawful attorney-in-fact and agent of the undersigned, with
full power of substitution and resubstitution, for and in the name, place and stead of the
undersigned, in any and all capacities, to sign any and all amendments to this Registration
Statement, and to file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, and hereby grants to such attorney-in-fact
and agent, full power and authority to do and perform each and every act and thing requisite and
necessary to be done, as fully to all intents and purposes as the undersigned might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute
or substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Capacity</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Donald R. Lindsay
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Donald R. Lindsay
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Executive Officer
and Director<br>
(Principal Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/Ronald A. Millos
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ronald A. Millos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Finance,
Chief Financial Officer and
Director<br>
(Principal Financial Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John F. Gingell
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
John F. Gingell
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Controller<br>
(Principal Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Norman B. Keevil
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Norman B. Keevil
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board and Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Peter C. Rozee
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Peter C. Rozee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;25, 2010</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->III-4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AUTHORIZED REPRESENTATIVE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of Section 6(a) of the Securities Act of 1933, Teck American
Incorporated as the Authorized Representative has duly caused this Registration Statement to be
signed on its behalf by the undersigned, solely in its capacity as the duly authorized
representative of Teck American Incorporated in the United States, in the City of Spokane, State of
Washington on May&nbsp;25, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>TECK AMERICAN INCORPORATED</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ C. Bruce DiLuzio
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">C. Bruce DiLuzio&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President, Law &#038; Administration&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->III-5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "EXHIBITS" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBITS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Annual Information Form of Teck Resources, dated March&nbsp;15, 2010, for the fiscal
year ended December&nbsp;31, 2009 (incorporated by reference from Teck Resources&#146;
Annual Report on Form&nbsp;40-F for the fiscal year ended December&nbsp;31, 2009 filed with
the Securities and Exchange Commission on March&nbsp;23, 2010) (Teck Resources&#146;
Securities and Exchange Commission <font style="white-space: nowrap">File No.&nbsp;1-13184).</font></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The audited consolidated financial statements of Teck Resources and the related
notes thereto as at December&nbsp;31, 2009 and 2008, and for each of the years in the
three year period ended December&nbsp;31, 2009, and the Auditors&#146; Report thereon
(incorporated by reference from Teck Resources&#146; Annual Report on Form&nbsp;40-F for the
fiscal year ended December&nbsp;31, 2009 filed with the Securities and Exchange
Commission on March&nbsp;23, 2010) (Teck Resources&#146; Securities and Exchange Commission
File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of Financial Position and Operating Results
of Teck Resources for the year ended December&nbsp;31, 2009 (incorporated by reference
from Teck Resources&#146; Annual Report on Form&nbsp;40-F for the fiscal year ended December
31, 2009 filed with the Securities and Exchange Commission on March&nbsp;23, 2010)
(Teck Resources&#146; Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The unaudited consolidated interim financial statements of Teck Resources and the
related notes thereto for the three months ended March&nbsp;31, 2010 and 2009
(incorporated by reference from Teck Resources&#146; Form&nbsp;6-K filed with the Securities
and Exchange Commission on April&nbsp;21, 2010) (Teck Resources&#146; Securities and
Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of Financial Position and Operating Results
of Teck Resources for the three months ended March&nbsp;31, 2010 (incorporated by
reference from Teck Resources&#146; Form&nbsp;6-K filed with the Securities and Exchange
Commission on April&nbsp;21, 2010) (Teck Resources&#146; Securities and Exchange Commission
File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Management Proxy Circular of Teck Resources, dated March&nbsp;1, 2010, issued in
connection with the Annual and Special Meeting of Shareholders of Teck Resources
held on April&nbsp;22, 2010 (incorporated by reference from Teck Resources&#146; Report on
Form&nbsp;6-K filed with the Securities and Exchange Commission on
March&nbsp;24, 2010)
(Teck Resources&#146; Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Management Proxy Circular of Teck Resources, dated March&nbsp;2, 2009, issued in
connection with the Annual and Special Meeting of Shareholders of Teck Resources
held on April&nbsp;22, 2009 (incorporated by reference from Teck Resources&#146; Report on
Form&nbsp;6-K filed with the Securities and Exchange Commission on
March&nbsp;20, 2009)
(Teck Resources&#146; Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP in respect of Teck Resources&#146; financials.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Lang Michener LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.3*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Paul C. Bankes, P. Geo.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.4*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Americo Zuzunaga, AIMM.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.6*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Sproule Unconventional Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.7*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Don Mills, P. Geol.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.8*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Ross Pritchard, P. Eng.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature page of this Registration Statement).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Trust Indenture.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Statement of Eligibility of the Trustee of Form&nbsp;T-1.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
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<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>To be filed by amendment.</TD>
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<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit 5.1</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 24pt"><IMG src="o62243o6224302.gif" alt="(PRICEWATERHOUSECOOPERS LETTERHEAD)">
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF INDEPENDENT CHARTERED ACCOUNTANTS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">We hereby consent to the incorporation by reference in the registration statement on Form F-9 (the
&#147;Registration Statement&#148;) of Teck Resources Limited (the &#147;Company&#148;) of our auditors&#146; report dated
February&nbsp;23, 2010, except for Note 3(b)(ii) which is as of March&nbsp;5, 2010, relating to the
consolidated financial balance sheets of the Company as at December&nbsp;31, 2009 and December&nbsp;31, 2008
and the consolidated statements of earnings, comprehensive income, shareholders&#146; equity and cash
flows for each of the years in the three year period ended December&nbsp;31, 2009, and the effectiveness
of internal control over financial reporting of the Company as of December&nbsp;31, 2009.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also consent to the references to us under the headings &#147;Experts,&#148; and &#147;Documents Filed as Part
of the Registration Statement&#148; in the Registration Statement.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 24pt">/s/ PricewaterhouseCoopers LLP<BR>
<B>Chartered Accountants</B><BR>
Vancouver, Canada<BR>
May&nbsp;25, 2010
</DIV>

<DIV align="left" style="font-size: 8pt; margin-top: 96pt">&#147;PricewaterhouseCoopers&#148; refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, or, as the context requires, the<BR>
PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate legal entity.</DIV>



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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
