<SEC-DOCUMENT>0000950142-23-000467.txt : 20230221
<SEC-HEADER>0000950142-23-000467.hdr.sgml : 20230221
<ACCEPTANCE-DATETIME>20230221115928
ACCESSION NUMBER:		0000950142-23-000467
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20230221
FILED AS OF DATE:		20230221
DATE AS OF CHANGE:		20230221

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:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13184
		FILM NUMBER:		23646522

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>eh230332138_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">FORM 6-K</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B></B></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">For the month of February 2023</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Commission File Number: 001-13184</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>TECK RESOURCES LIMITED</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Suite 3300 &ndash; 550 Burrard Street</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Vancouver, British Columbia V6C 0B3</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left; text-indent: 0.3in">Indicate by check mark whether
the registrant files or will file annual reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Form 20-F <FONT STYLE="font-size: 12pt">&#9744;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F <FONT STYLE="font-size: 12pt">&#9746;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 2.5in; text-align: center; text-indent: -2.5in"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 2.5in; text-indent: -2.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 2.5in; text-indent: -2.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt CG Omega; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B><U>Exhibit
    Number</U></B></FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 83%; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B><U>Description</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">99.1</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><A HREF="eh230332138_ex9901.htm">Press Release dated February 21, 2023</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">99.2</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><A HREF="eh230332138_ex9902.htm">Press Release dated February 21, 2023</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">99.3</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><A HREF="eh230332138_ex9903.htm">Press Release dated February 21, 2023</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 2.5in; text-indent: -175.5pt">&nbsp;</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left; text-indent: 0.3in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt CG Omega; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Teck Resources Limited</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(Registrant)</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 5%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 35%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 10%; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Date: February 21,
    2023</FONT></TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/s/ Amanda R. Robinson</FONT></TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><U></U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Amanda R. Robinson</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Corporate Secretary</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 2.5in; text-align: center; text-indent: -2.5in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 2.5in; text-align: center; text-indent: -2.5in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 2.5in; text-align: center; text-indent: -2.5in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>eh230332138_ex9901.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>EXHIBIT 99.1</B></FONT></P>



<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><IMG SRC="header.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50%"><B>For Immediate Release</B></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50%"><B>Date:</B> February 21, 2023</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">23-14-TR</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Teck Declares $0.625 per Share Dividend and Authorizes
up to $250 Million Share Buyback</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Vancouver, B.C.</B> &ndash; Teck Resources Limited
(TSX: TECK.A and TECK.B, NYSE: TECK) (&ldquo;Teck&rdquo;) announced today that its Board of Directors has declared an eligible dividend
of $0.625 on its outstanding Class A common shares and Class B subordinate voting shares, consisting of a base dividend of $0.125 per
share and a supplemental dividend of $0.50 per share, to be paid on March 31, 2023, to shareholders of record at the close of business
on March 15, 2023.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">In addition to the dividend, the Board has authorized
management to purchase up to $250 million of Class B subordinate voting shares. Additional buybacks will be considered regularly in the
context of market conditions.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Teck&rsquo;s capital allocation framework contemplates
that a minimum of 30% of Available Cash Flow will be used for distributions to shareholders and share repurchases. The dividend and planned
share repurchases announced today are in addition to $1.9 billion in aggregate of dividends and Class B subordinate voting share repurchases
in 2022, and reflect the final financial results for 2022 and a distribution in respect of 40% of the Fort Hills proceeds received in
February 2023 in accordance with the capital allocation framework.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">All share repurchases are expected to be made in accordance
with Teck&rsquo;s previously announced normal course issuer bid program, or any renewal thereof, or by such other means as may be permitted
under applicable securities laws. The current program authorizes Teck to purchase up to 40 million Class B subordinate voting shares through
the period ending November 1, 2023. Any repurchases following that date may depend on regulatory approval of a renewed normal course issuer
bid program. Teck intends to purchase shares opportunistically. The company will determine the timing of any purchases and may repurchase
fewer or a greater number of shares, subject to the requirements of the issuer bid program and applicable securities laws.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-bottom: 0; margin-left: 0; background-color: white; color: #2F2F2F"><B>Forward-Looking
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This press release contains certain forward-looking statements within the
meaning of the Unites States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the&nbsp;<I>Securities
Act</I>&nbsp;(Ontario). Forward-looking statements and information can be identified by statements that certain actions, events or results
&ldquo;may&rdquo;, &ldquo;could&rdquo;, &ldquo;should&rdquo;, &ldquo;would&rdquo;, &ldquo;might&rdquo; or &ldquo;will&rdquo; be taken,
occur or achieved. Forward-looking statements include statements regarding concerning Teck&rsquo;s intention to make purchases of Class
B subordinated voting shares, and Teck&rsquo;s expectations regarding the amount of funds to be spent to purchase Class B subordinated
voting shares, the expectation that up to $250 million, or</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> any, Class B subordinated voting shares will be repurchased, and the intention
to continue the annual base dividend of $0.50 per share.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Forward-looking statements involve known and unknown risks, uncertainties
and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking statements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Factors that may cause actual results to vary include, but are not limited
to, the ability to acquire Class B Shares in the market through the normal course issuer bid and in compliance with regulatory requirements,
share price volatility, negative changes to commodity prices, availability of funds to purchase shares, alternative uses for funds and
other risk factors impacting Teck&rsquo;s business as detailed in Teck&rsquo;s annual information form and in its public filings with
Canadian securities administrators and the U.S. Securities and Exchange Commission. Declaration of dividends is at the discretion of the
Board and dividends, as well as share repurchases, are subject to conditions under corporate law. Any of the foregoing may have the result
of restricting future dividends or share repurchases. Teck does not assume the obligation to revise or update these forward-looking statements
after the date of this document, except as may be required under applicable securities laws.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>About Teck</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">As one of Canada&rsquo;s leading mining companies, Teck is committed to
responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc and
high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck&rsquo;s
shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol
TECK. Learn more about Teck at&nbsp;<FONT STYLE="color: #008BFF"><U>www.teck.com</U></FONT>&nbsp;or follow&nbsp;<FONT STYLE="color: #008BFF"><U>@TeckResources</U></FONT>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Investor Contact:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Fraser Phillips<BR>
Senior Vice President, Investor Relations &amp; Strategic Analysis<BR>
604.699.4621<BR>
<FONT STYLE="color: #008BFF"><U>fraser.phillips@teck.com</U></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Media Contact:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Chris Stannell</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Public Relations Manager</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">604.699.4368</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #008BFF"><U>chris.stannell@teck.com</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<DESCRIPTION>EXHIBIT 99.2
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>EXHIBIT 99.2</B></FONT></P>



<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><IMG SRC="header.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50%"><B>For Immediate Release</B></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50%"><B>Date:</B> February 21, 2023</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">23-15-TR</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Teck to Spin Off Steelmaking Coal Business to Shareholders</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>Separation creates two world-class, independent companies:
Teck Metals and Elk Valley Resources</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Teck Metals &ndash; a premier, growth-oriented producer of energy transition metals</B></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Elk Valley Resources &ndash; a pure-play, high-margin steelmaking coal producer</B></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Teck Metals retains steelmaking coal cash flows for transition period to fund copper growth </B></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Provides investors choice of businesses with unique fundamentals and value propositions</B></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Nippon Steel Corporation to pay Teck $1 billion in cash for interest in Elk Valley Resources </B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Vancouver, B.C. &ndash;</B> Teck Resources Limited (TSX: TECK.A and TECK.B,
NYSE: TECK) (&ldquo;Teck&rdquo;) announced today the reorganization of its business (the &ldquo;Separation&rdquo;) to separate Teck into
two independent, publicly-listed companies: Teck Metals Corp. (&ldquo;Teck Metals&rdquo;) and Elk Valley Resources Ltd. (&ldquo;EVR&rdquo;).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Separation will create two world-class resource companies and provide
investors with choice for allocating investment between two businesses with different commodity fundamentals and value propositions. Teck
Metals will be growth-oriented, with premier, low-cost base metals production, a top-tier copper development portfolio and a disciplined
capital returns policy. EVR will be a high-margin Canadian steelmaking coal producer, focused on long-term cash generation and providing
cash returns to shareholders, with significant equity value accretion potential. Both companies will remain committed to strong environmental
and social performance.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&ldquo;This transformative transaction creates two strong, sustainable,
world-class mining companies committed to responsibly providing essential resources the world needs,&rdquo; said Jonathan Price, CEO,
Teck. &ldquo;Both Teck Metals and EVR have high-quality operating assets and strong financial foundations, with talented and dedicated
employees, committed to ensuring safe and responsible operations. The transaction simplifies the portfolio of each company, allowing for
strategic and financial focus and the ability to pursue tailored capital allocation strategies. It provides investors with choice in response
to the evolving investment landscape, and establishes a pathway to full financial separation of the two companies over time.&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&ldquo;This transaction is the culmination of a comprehensive review by
our Board to determine the best path to realize the full potential of the two businesses, while at the same time ensuring ongoing responsible
management and operation for the long term,&rdquo; said Sheila Murray, Chair of the Board, Teck. &ldquo;We are confident that pursuing
this plan will position both businesses for even greater success, allow shareholders to optimize their exposure to the different underlying
commodities, and support a sustainable future for the benefit of employees, local communities, and Indigenous peoples.&rdquo;</P>




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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Details of the Separation </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Separation is structured as a spin-off of Teck&rsquo;s steelmaking coal
business by way of a distribution of EVR common shares to Teck shareholders. Teck Metals will retain a substantial interest in steelmaking
coal cash flows through a transition period in the form of an 87.5% interest in a gross revenue royalty (the &ldquo;Royalty&rdquo;) and
preferred shares of EVR (collectively, the &ldquo;Transition Capital Structure&rdquo;). Under the Transition Capital Structure, Teck Metals
will receive quarterly payments consisting of Royalty payments and preferred share redemption amounts that will in aggregate equal 90%
of EVR free cash flow.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Teck shareholders of record as of the applicable distribution record date
will receive common shares of EVR in proportion to their Teck shareholdings at an exchange ratio of 0.1 common share of EVR for each Teck
share (or approximately 51.9 million total EVR common shares) and approximately $0.39 cash per share for an aggregate of $200 million
in cash. Shareholders will be able to elect to maximize the amount of cash or common shares of EVR they receive, subject to proration,
through a Dutch auction election process. Details of the election will be set out in the management proxy circular to be provided to Teck
shareholders.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">As part of the Separation, Teck will change its name to Teck Metals Corp.
and continue to be listed on the Toronto and New York stock exchanges (&ldquo;TSX&rdquo; and &ldquo;NYSE&rdquo;). EVR has applied to have
its common shares listed on the TSX.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In consideration for the transfer of the steelmaking coal assets to EVR,
EVR will grant the Royalty and issue preferred shares and common shares to Teck Metals. The Royalty is a 60% gross revenue royalty that
will be paid quarterly from EVR&rsquo;s steelmaking coal revenue, subject to free cash flow and minimum cash balance limitations designed
to support the financial resiliency of EVR, and should generally generate payments equal to 90% of EVR free cash flow. The Royalty will
be payable until the later of (a) an aggregate amount of $7.0 billion in royalty payments having been made, or (b) December 31, 2028.
The preferred shares will have an aggregate $4.4 billion redemption amount and a 6.5% cumulative dividend. The preferred shares will be
redeemed out of 90% of EVR free cash flow after the Royalty is no longer payable. If not redeemed earlier, the preferred shares will mature
20 years from their date of issue. Assuming a US$185/tonne long-term benchmark steelmaking coal price and a CAD/US dollar exchange rate
of 1.30, the Transition Capital Structure could be fully paid in approximately 11 years.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Cash flow from the Transition Capital Structure is expected to provide Teck
Metals with continued funding for prudent investment in its top-tier copper growth pipeline, while allowing for disciplined returns to
its shareholders. Teck has received preliminary indications that S&amp;P, Moody&rsquo;s and Fitch are likely to affirm an investment grade
credit rating on the existing senior notes of Teck Metals should the Separation proceed<B>. </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">These arrangements are designed to provide EVR with flexibility to operate
its business, provide cash returns to shareholders, and fund its environmental and social commitments in a broad range of steelmaking
coal price environments. On completion of the Separation, it is expected that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>EVR will be well-capitalized with $1.0 billion in cash and other working capital, no debt, and $88 million in leases relating to operations.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>EVR will have credit facilities in place to meet its existing reclamation bonding requirements. Additionally, EVR will establish an
Environmental Stewardship Trust and fund it through escalating fixed annual contributions, starting at $50 million, for long-term environmental
obligations.</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">
EVR is expected to implement an initial distribution policy that provides for a base annual dividend of $0.20 per share, and supplemental
distributions of 50% of free cash flow available after Transition Capital Structure payments.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>The Nippon Steel and POSCO Transactions</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Teck has also reached agreement with its steelmaking coal joint venture
partners and major customers, Nippon Steel Corporation (&ldquo;NSC&rdquo;) and POSCO, to exchange their minority interests in the Elkview
and Greenhills operations for interests in EVR. As a result, EVR will own 100% of its steelmaking coal operations. NSC&rsquo;s exchange
of its Elkview interest and its $1.025 billion cash investment will give it a 10% interest in EVR common shares and the Transition Capital
Structure. POSCO will receive a 2.5% interest in EVR common shares and the Transition Capital Structure.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&ldquo;This significant participation by two of the world&rsquo;s largest
steelmakers highlights the long-term, critical importance of high-quality steelmaking coal in order to reduce emissions and build essential
infrastructure globally,&rdquo; said Jonathan Price. &ldquo;We would like to thank our long-term partners NSC and POSCO for their continued
support of the business. Their participation as shareholders of EVR is a testament to the strong outlook for the business.&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&ldquo;We are excited about participating in EVR, the world class steelmaking
coal producer,&rdquo; said Eiji Hashimoto, the Representative Director and President of Nippon Steel. &ldquo;High-quality steelmaking
coal is essential in pursuing our carbon neutral strategy, where NSC aims to achieve both stable and efficient steel production and carbon
neutrality by the most optimized approach combining several different advanced technological developments including hydrogen injection
into blast furnaces, DRI production by hydrogen, high-grade steel production in large size EAF, and CCUS (Carbon Capture, Utilization,
and Storage).&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Pursuant to these transactions:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>NSC has agreed to exchange its current 2.5% interest in Elkview Operations and $1.025 billion in cash payable to Teck Metals for common
shares of EVR and an interest in the Transition Capital Structure. This implies an EVR enterprise value of approximately $11.5 billion.
Following these transactions, NSC will own 10% of the EVR common shares and a 10% interest in the Transition Capital Structure.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>EVR and NSC will enter into a long-term steelmaking coal offtake rights arrangement, continuing NSC&rsquo;s long-standing commercial
arrangements for the purchase of steelmaking coal from the Elk Valley.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>EVR and NSC will enter into an investor rights agreement, pursuant to which NSC will be entitled to certain customary rights including
a right to nominate one director to the board of directors of EVR, pre-emptive rights on future securities issuances, and registration
rights. NSC will agree to certain customary transfer and standstill restrictions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>POSCO has agreed to exchange its current 2.5% interest in Elkview Operations, and its 20% interest in the Greenhills joint venture,
for a 2.5% interest in each of the EVR common shares and the Transition Capital Structure.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The exchanges of the current interests of NSC and POSCO for interests in
EVR are conditional on the completion of the Separation and other customary conditions. The additional investment by NSC is</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">conditional on completion of the Separation, but the Separation is not conditional
on completion of the additional investment by NSC.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Board Recommendation</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Teck&rsquo;s Board of Directors formed a Special
Committee of independent directors to oversee the consideration of various potential transactions involving Teck&rsquo;s steelmaking coal
assets. The Special Committee was advised by independent financial and legal advisors and received opinions from each of Origin Merchant
Partners and BMO Capital Markets to the effect that, as of the date of each such opinion and subject to the assumptions, limitations and
qualifications set forth therein, the consideration to be received by Teck shareholders pursuant to the Separation is fair from a financial
point of view to such shareholders.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Teck&rsquo;s Board of Directors, on the recommendation
of the Special Committee, has unanimously determined that the transaction is in the best interests of Teck and is fair to shareholders,
and is recommending that shareholders vote in favour of the Separation. Details regarding the process carried out by the Special Committee,
together with a copy of the fairness opinions prepared by Origin Merchant Partners and BMO Capital Markets, will be contained in the management
proxy circular to be mailed to Teck shareholders.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Approvals and Closing Conditions</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Teck will seek shareholder approval of the Separation
at its annual and special meeting of shareholders expected to be held on or about April 26, 2023 (the &ldquo;Meeting&rdquo;).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The Separation is expected to be implemented through
a plan of arrangement under the <I>Canada Business Corporations Act,</I> and is subject to the approval of at least 66 2/3% of the votes
cast by the holders of Class A common shares and Class B subordinate voting shares of Teck, each voting separately by class. In addition
to Teck shareholder and court approvals, the Separation is subject to customary conditions. Listing of the EVR common shares is subject
to the approval of the TSX in accordance with its original listing requirements. The TSX has not conditionally approved the listing application
and there is no assurance that the TSX will approve the listing application. Teck expects that the transaction will be completed in the
second quarter of 2023.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Temagami Mining Company Limited (&ldquo;Temagami&rdquo;),
SMM Resources Incorporated (&ldquo;SMM&rdquo;) and Dr. Norman B. Keevil have each agreed to vote in favour of the resolution approving
the Separation, and to elect to receive the maximum number of EVR shares that may be distributed to them in connection with the Separation.
SMM and Dr. Keevil have also agreed to not transfer the EVR shares received by them in connection with the Separation (including EVR shares
they may receive, directly or indirectly, from Temagami) for a period of 18 months following the effective time of the Separation, subject
to certain limited exceptions. Collectively, Temagami, SMM and Dr. Keevil own or control 6,187,880 Class A common shares, representing
approximately 79.7% of the aggregate voting rights attached to the Class A common shares, and 1,057,812 Class B subordinate voting shares,
representing approximately 0.2% of the aggregate voting rights attached to the Class B subordinate voting shares.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Further information regarding the transactions
will be included in the management proxy circular to be mailed to Teck shareholders for the Meeting, which will be available on SEDAR
at <FONT STYLE="color: #008BFF"><U>www.sedar.com</U></FONT> and on EDGAR at <FONT STYLE="color: #008BFF"><U>www.sec.gov</U></FONT>. The
descriptions of the transactions in this press release do not purport to be complete, and are subject to, and qualified in their entirety,
by reference to the management proxy</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">circular. Shareholders are encouraged to read the
management proxy circular and other relevant materials when they become available.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Tax Treatment for the Separation</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">For Canadian federal income tax purposes, the distribution of EVR shares
and cash is expected to be a return of capital to Teck shareholders who are Canadian residents which should reduce the tax cost of their
shares and be tax-free provided such tax cost does not become negative (and be a deemed capital gain otherwise to the extent the tax cost
does become negative). Teck believes that for Teck shareholders that are U.S. persons (for applicable U.S. federal income tax purposes),
the receipt of EVR shares and/or cash, as applicable, will be treated as a taxable dividend for U.S. federal income tax purposes. A general
summary of the Canadian and U.S. tax considerations will be described in the management proxy circular. Teck shareholders are urged to
consult their own tax advisors with respect to the tax consequences of the receipt of EVR shares and/or cash, as applicable, pursuant
to the Separation under their particular circumstances.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Accounting Treatment for the Separation</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Following closing of the Separation, Teck Metals
will not consolidate the assets, liabilities, or financial results of the steelmaking coal business in its consolidated financial statements.
The preferred shares and Royalty components of the Transition Capital Structure will be accounted for as financial instruments and will
be measured at fair value through profit and loss in the consolidated financial statements of Teck Metals. The Royalty and preferred share
dividends will represent recurring cash flows of Teck Metals until at least December 31, 2028.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Following closing of the Separation, the consolidated financial statements
of EVR will include all of the assets and liabilities of the steelmaking coal business at their historical carrying values. The preferred
shares and Royalty components of the Transition Capital Structure will be initially recorded at fair value as financial obligations in
the consolidated financial statements of EVR. The preferred shares and Royalty will subsequently be measured at amortized cost.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Advisors</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Barclays Capital Canada Inc., Ardea Partners LP, TD Securities Inc., and
CIBC World Markets Inc. are serving as financial advisors to Teck. Stikeman Elliott LLP and Paul, Weiss, Rifkind, Wharton &amp; Garrison
LLP are acting as legal advisors, and Felesky Flynn LLP is acting as legal tax advisor.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">BMO Capital Markets, Goldman Sachs &amp; Co. LLC, and Origin Merchant Partners
are serving as financial advisors to the Special Committee and Blake, Cassels &amp; Graydon LLP and Sullivan &amp; Cromwell LLP are acting
as legal advisors to the Special Committee.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Investor Conference Call and Information</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">A webcast to discuss the Separation and review Teck&rsquo;s fourth quarter
2022 results will be held as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Date:</B> Tuesday, February 21, 2023</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Time:</B> 5:00 a.m. PT / 8:00 a.m. ET</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Listen-Only Webcast:</B> <FONT STYLE="color: #008BFF"><u>www.teck.com</u></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Dial In for Investor &amp; Analyst Q&amp;A:</B> 416.915.3239 or 1.800.319.4610</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Quote &ldquo;Teck Resources&rdquo;, to join the call<BR>
<BR>
</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">An archive of the webcast will be available at <FONT STYLE="color: #008BFF"><U>www.teck.com
</U></FONT>within 24 hours.</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Additional information including the accompanying presentation will be
available at <FONT STYLE="color: #008BFF"><U>www.teck.com/separation</U></FONT>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Forward Looking Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This news release contains certain forward-looking information and forward-looking
statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These forward-looking statements
relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements.
The use of any of the words &ldquo;anticipate&rdquo;, &ldquo;plan&rdquo;, &ldquo;continue&rdquo;, &ldquo;estimate&rdquo;, &ldquo;expect&rdquo;,
&ldquo;may&rdquo;, &ldquo;will&rdquo;, &ldquo;project&rdquo;, &ldquo;predict&rdquo;, &ldquo;potential&rdquo;, &ldquo;should&rdquo;, &ldquo;believe&rdquo;
and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties
and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">These forward-looking statements include, but are not limited to, statements
relating to the proposed Separation; expected future attributes, capitalization and credit metrics of Teck Metals and EVR following the
Separation; the anticipated benefits of, and rationale for, the Separation; plans, strategies and initiatives for each of Teck Metals
and EVR following the Separation; terms and conditions of the Separation, including the expected distribution of EVR shares and cash,
available consideration election for shareholders and the Transition Capital Structure to be retained by Teck; anticipated dividend policy
of EVR; anticipated tax proceeds of the Transition Capital Structure to Teck and timing for payment of the Royalty; the timing for completion
of the Separation; the expected voting support by certain shareholders of Teck; the transactions with each of NSC and POSCO, including
the terms and conditions thereof; the tax and accounting treatment for the Separation; the anticipated timing for the Meeting; and other
statements that are not historical facts.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Although we believe that the forward-looking statements in this news release
are based on information and assumptions that are current, reasonable and complete, these statements are by their nature subject to a
number of factors that could cause actual results to differ materially from management&rsquo;s expectations and plans as set forth in
such forward-looking statements, including, without limitation, the following factors, many of which are beyond our control and the effects
of which can be difficult to predict: the possibility that the Separation and the transactions with NSC and POSCO will not be completed
on the terms and conditions, or on the timing, currently contemplated, and that the transactions may not be completed at all, due to a
failure to obtain or satisfy, in a timely manner or otherwise, required shareholder, regulatory and court approvals and other conditions
of closing necessary to complete the transactions or for other reasons; the possibility of adverse reactions or changes in business relationships
resulting from the announcement or completion of the Separation; risk that market or other conditions are no longer favourable to completing
the Separation; risks relating to business disruption during the pendency of or following the Separation and diversion of management time;
risks relating to tax, legal and regulatory matters; credit, market, currency, operational, commodity, liquidity and funding risks generally
and relating specifically to the Separation, including changes in economic conditions, interest rates or tax rates; and other risks inherent
to our business and/or factors beyond Teck&rsquo;s control which could have a material adverse effect on Teck or the ability to consummate
the Separation and transactions with NSC and POSCO.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Teck cautions that the foregoing list of important factors and assumptions
is not exhaustive and other factors could also adversely affect its results. Further information concerning risks and uncertainties associated
with these forward-looking statements and our business can be found in our Annual</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Information Form for the year ended December 31, 2022, filed under our
profile on SEDAR (<FONT STYLE="color: #008BFF"><U>www.sedar.com</U></FONT>) and on EDGAR (<FONT STYLE="color: #008BFF"><U>www.sec.gov</U></FONT>)
under cover of Form 40-F, as well as subsequent filings that can also be found under our profile.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The forward-looking statements contained in this news release describe Teck&rsquo;s
expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable
securities laws, Teck does not undertake any obligation to update or revise any forward-looking statements contained in this news release,
whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking
statements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>About Teck</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">As one of Canada&rsquo;s leading mining companies, Teck is committed to
responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc and high-quality
steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck&rsquo;s shares are listed
on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Investor Contact:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Fraser Phillips</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Senior Vice President, Investor Relations and Strategic Analysis</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">604.699.4621</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: #008BFF"><U>fraser.phillips@teck.com</U></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Media Contact:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Chris Stannell</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Public Relations Manager</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">604.699.4368</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: #008BFF"><U>chris.stannell@teck.com</U></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Backgrounder: Teck Metals and Elk Valley Resources
(&ldquo;EVR&rdquo;)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Teck Metals &ndash; A Premier, Growth-Oriented Base Metals Company </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Teck Metals will focus on maximizing cash flow from operations and prudently
allocating capital between investments in copper growth and shareholder returns, while maintaining investment grade credit metrics. Teck
Metals will be well-positioned to capitalize on the robust outlook for the copper market based on rising global demand driven by the transition
to a low carbon economy.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Teck Metals will retain all of Teck&rsquo;s base metals portfolio including
its interest in Quebrada Blanca (Chile), Highland Valley Copper (Canada), Antamina (Peru), Carmen de Andacollo (Chile), Red Dog (United
States) and Trail Operations (Canada). Teck Metals will also retain all of Teck&rsquo;s copper and zinc development projects including
the QB Mill Expansion, San Nicol&aacute;s, Zafranal, NewRange, Galore Creek, NuevaUni&oacute;n, Schaft Creek, Aktigiruq, Cirque, Anarraaq,
Teena and Su-Lik, as well as an extensive base metals exploration portfolio.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Teck Metals key highlights:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>World-class base metals portfolio of scale with near-term doubling of copper production when QB2 is fully ramped-up</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Industry-leading copper growth and significant resource optionality anchored by flagship QB2 project</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>High-quality, low-cost and long-life operations situated in well-established mining jurisdictions in the Americas</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Attractive investment proposition underpinned by disciplined capital allocation framework</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Strong operating cash flows and Transition Capital Structure support funding of Teck Metals&rsquo; growth, while allowing for disciplined
return of capital to shareholders, and financial resilience</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Industry-leading emissions reduction trajectory, commitment to net-zero emissions at operations by 2050 and nature positive by 2030</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Teck Metals will continue to be listed on the TSX and NYSE, with continuation
of Teck&rsquo;s board and experienced senior management, including Jonathan Price as CEO and Red Conger as President and COO. Teck Metals
will continue to be headquartered in Vancouver, B.C.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>EVR &ndash; A World-Class, High-Margin Steelmaking Coal Business</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">As the world&rsquo;s second largest exporter of seaborne steelmaking coal,
EVR will be a high-margin Canadian resource company focused on long-term cash generation and providing cash returns to shareholders. EVR&rsquo;s
low-carbon intensity, high-quality, hard coking coal improves blast furnace efficiency and reduces emissions, and is sought after by the
world&rsquo;s largest steelmakers, positioning the company to meet future long-term demand for steelmaking coal. EVR is expected to implement
an initial distribution policy that provides for a base annual dividend of $0.20 per share and supplemental distributions of 50% of free
cash flow available after Transition Capital Structure payments. It will remain committed to responsible operations, engaging with Indigenous
Peoples, and contributing to the economy of B.C. and Canada.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">EVR will operate four integrated steelmaking coal operations with total
annual production capacity of 25-27 million tonnes of high-quality steelmaking coal and an integrated logistics chain including ownership
of the recently expanded steelmaking coal-handling facilities at Neptune Bulk Terminals in North Vancouver, B.C.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">EVR key highlights:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>World&rsquo;s second largest exporter of seaborne steelmaking coal</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>World-class Canadian steelmaking coal producer with long-life, high margin operations and demonstrated through the cycle cash flow
generation</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Significant equity value accretion potential as Transition Capital Structure is paid</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>High-quality, low emissions, hard coking coal product sought after by the world&rsquo;s largest steelmakers to contribute to their
stable and environmental-friendly blast furnace operation through its capability to make high-strength coke, which is important for the
steel industry&rsquo;s carbon neutral program</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Cornerstone investment from NSC validates value of the business and robust demand fundamentals for high-quality steelmaking coal</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Proven management team ensures continuity and ongoing commitment to social and environmental responsibility</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Environmental Stewardship Trust established and funded by fixed annual contributions</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Low carbon intensity producer with continued commitment to achieving net-zero GHG emissions at operations by 2050 and becoming nature
positive by 2030</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">EVR will be governed by an experienced Board of Directors chaired by Marcia
Smith, former Senior Vice President, Sustainability and External Affairs of Teck. The existing Elk Valley operating team, led by President
and CEO Robin Sheremeta, currently Teck&rsquo;s Senior Vice President, Coal, will continue to lead EVR and ensure continuity of operating
principles and responsible environmental and social stewardship.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">EVR will be headquartered in Vancouver, B.C.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>



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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>EXHIBIT 99.3</B></FONT></P>



<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><IMG SRC="header.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50%"><B>For Immediate Release</B></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50%"><B>Date:</B> February 21, 2023</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">23-16-TR</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Teck Introduces Sunset for Dual Class Share Structure</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Vancouver, B.C. &ndash;</B> Teck Resources Limited (TSX: TECK.A and TECK.B,
NYSE: TECK) (&ldquo;Teck&rdquo;) announced today a proposed six-year sunset for the multiple voting rights attached to the Class A common
shares of Teck (the &ldquo;Dual Class Amendment&rdquo;).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&ldquo;The sunset on the multiple voting rights will modernize Teck&rsquo;s
governance and provide a simplified and competitive capital structure, following an appropriate continuity period, which we believe will
benefit Teck and all of its shareholders,&rdquo; said Sheila Murray, Chair of the Board.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Teck also announced today a proposed reorganization to spin off its steelmaking
coal business to shareholders (the &ldquo;Separation&rdquo;). Teck will seek shareholder approval for each of the Dual Class Amendment
and the Separation at its annual and special meeting of shareholders, expected to be held on or about April 26, 2023 (the &ldquo;Meeting&rdquo;).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">On the effective date of the Dual Class Amendment, each Teck Class A common
share will be acquired by Teck in exchange for one new Class A common share and 0.67 of a Class B subordinate voting share. The terms
of the new Class A common shares will be identical to the current terms of Class A common shares, but will provide that, on the sixth
anniversary of the effective date of the Dual Class Amendment, all new Class A common shares will automatically be exchanged for Class
B subordinate voting shares, which will be renamed &ldquo;common shares&rdquo;.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The implementation of the Dual Class Amendment is not conditional on the
implementation of the Separation, and the Separation is not conditional on implementation of the Dual Class Amendment. If both transactions
are approved, the Dual Class Amendment will be implemented before the implementation of the Separation.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Class A common shares carry 100 votes per share and Class B subordinate
voting shares carry 1 vote per share. As of February 17, 2023, there are 7,765,503 Class A common shares and 506,276,448 Class B subordinate
voting shares issued and outstanding. If the Dual Class Amendment were completed as of that date, approximately 5,202,887 Class B subordinate
voting shares would be issued in connection with the exchange of Class A common shares (representing approximately 1.0% of issued and
outstanding Teck shares). Both the exchange of Class A shares for new Class A shares and Class B shares on the effective date of the Dual
Class Amendment and the exchange of the new Class A shares for Class B subordinate voting shares at the end of the sunset period will
be tax-deferred for Canadian resident Class A shareholders.</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Board Recommendation</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The terms of the proposed Dual Class Amendment
were negotiated with holders of a majority of the Class A common shares, Temagami Mining Company Limited (&ldquo;Temagami&rdquo;), SMM
Resources Incorporated (&ldquo;SMM&rdquo;) and Dr. Norman B. Keevil by a Special Committee of independent directors of the Teck Board
of Directors that was advised by independent financial and legal advisors. The Special Committee received opinions from each of Origin
Merchant Partners and BMO Capital Markets to the effect that as of the date of each such opinion and subject to the assumptions, limitations
and qualifications set forth therein, the consideration to be received by Teck Class A shareholders pursuant to the Dual Class Amendment
is fair from a financial point of view to holders of the Class A common shares and holders of Class B subordinate voting shares, other
than Temagami, SMM and Dr. Keevil.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Teck&rsquo;s Board of Directors, on the recommendation
of the Special Committee, has determined that the Dual Class Amendment is in the best interests of Teck and is fair to shareholders, and
is recommending that shareholders vote in favour of the Dual Class Amendment. Details regarding the process carried out by the Special
Committee, together with a copy of the fairness opinions provided by Origin Merchant Partners and BMO Capital Markets, will be contained
in the management proxy circular to be mailed to Teck shareholders for the Meeting.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Approvals and Closing Conditions</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The Dual Class Amendment is to be implemented through
a plan of arrangement under the <I>Canada Business Corporations Act. </I>Subject to the receipt of exemptive relief from the Canadian
Securities Administrators, the Dual Class Amendment will be subject to the approval of at least 66 2/3% of the votes cast at the Meeting
by the holders of Class A common shares and Class B subordinate voting shares of Teck, each voting separately as a class, and to the approval
of at least a majority of the votes cast by holders of Class B subordinate voting shares of Teck, excluding the votes attached to Class
B subordinate voting shares beneficially owned or controlled by Teck&rsquo;s majority Class A common shareholders, Temagami, SMM and Dr.
Keevil. Teck has applied for exemptive relief from the Ontario Securities Commission from a requirement that would otherwise apply to
have the Dual Class Amendment also approved by at least a majority of the votes cast by holders of Class A common shares, excluding the
votes attached to Class A common shares beneficially owned or controlled by Temagami, SMM and Dr. Keevil. In addition to Teck shareholder
and court approvals, the Dual Class Amendment is subject to customary conditions, including approval of the Toronto Stock Exchange. Teck
expects that the Dual Class Amendment, if approved, will be completed in the second quarter of 2023.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Temagami, SMM and Dr. Keevil have each agreed to
vote in favour of the resolutions approving the Dual Class Amendment and the Separation and to elect to receive the maximum number of
shares of Elk Valley Resources Ltd. (&ldquo;EVR&rdquo;) that may be distributed to them in connection with the Separation. SMM and Dr.
Keevil have also agreed to not transfer the EVR shares received by them in connection with the Separation (including EVR shares they may
receive, directly or </P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">indirectly, from Temagami) for a period of 18 months following the effective time of the Separation, subject to certain
limited exceptions. Collectively, Temagami, SMM and Dr. Keevil own or control 6,187,880 Class A common shares, representing approximately
79.7% of the aggregate voting rights attached to the Class A common shares, and 1,057,812 Class B subordinate voting shares, representing
approximately 0.2% of the aggregate voting rights attached to the Class B subordinate voting shares.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Further information regarding the Dual Class Amendment
will be included in the management proxy circular to be mailed to Teck shareholders for the Meeting, which will be available on SEDAR
at <FONT STYLE="color: #008BFF"><U>www.sedar.com</U></FONT> and on EDGAR at <FONT STYLE="color: #008BFF"><U>www.sec.gov</U></FONT>. The
descriptions of the Dual Class Amendment in this press release do not purport to be complete and are subject to and qualified in their
entirety by reference to the management proxy circular. Shareholders are encouraged to read the management proxy circular and other relevant
materials when they become available.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Advisors</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Barclays Capital Canada Inc., Ardea Partners LP, TD Securities Inc., and
CIBC World Markets Inc. are serving as financial advisors to Teck. Stikeman Elliott LLP and Paul, Weiss, Rifkind, Wharton &amp; Garrison
LLP are acting as legal advisors, and Felesky Flynn LLP is acting as legal tax advisor.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">BMO Capital Markets, Goldman Sachs &amp; Co. LLC and Origin Merchant Partners
are serving as financial advisors to the Special Committee and Blake, Cassels &amp; Graydon LLP and Sullivan &amp; Cromwell LLP are acting
as legal advisors to the Special Committee.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Forward Looking Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This news release contains certain forward-looking information and forward-looking
statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These forward-looking statements
relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements.
The use of any of the words &ldquo;anticipate&rdquo;, &ldquo;plan&rdquo;, &ldquo;continue&rdquo;, &ldquo;estimate&rdquo;, &ldquo;expect&rdquo;,
&ldquo;may&rdquo;, &ldquo;will&rdquo;, &ldquo;project&rdquo;, &ldquo;predict&rdquo;, &ldquo;potential&rdquo;, &ldquo;should&rdquo;, &ldquo;believe&rdquo;
and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties
and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">These forward-looking statements include, but are not limited to, statements
relating to the proposed Dual Class Amendment, including the anticipated benefits thereof; the timing for completion of the Dual Class
Amendment; the anticipated timing for the Meeting; the expected voting support by certain shareholders of Teck; and other statements that
are not material facts.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Although we believe that the forward-looking statements in this news release
are based on information and assumptions that are current, reasonable and complete, these statements are </P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">by their nature subject to a
number of factors that could cause actual results to differ materially from management&rsquo;s expectations and plans as set forth in
such forward-looking statements, including, without limitation, the following factors, many of which are beyond our control and the effects
of which can be difficult to predict: the possibility that the Dual Class Amendment not be completed on the terms and conditions, or on
the timing, currently contemplated, and that the Dual Class Amendment may not be completed at all, due to a failure to obtain or satisfy,
in a timely manner or otherwise, required shareholder and regulatory approvals and other conditions of closing necessary to complete the
Dual Class Amendment or for other reasons; and other risks inherent to our business and/or factors beyond Teck&rsquo;s control which could
have a material adverse effect on Teck or the ability to consummate the Dual Class Amendment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Teck cautions that the foregoing list of important factors and assumptions
is not exhaustive and other factors could also adversely affect its results. Further information concerning risks and uncertainties associated
with these forward-looking statements and our business can be found in our Annual Information Form for the year ended December 31, 2022,
filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov) under cover of Form 40-F, as well as subsequent filings that
can also be found under our profile.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The forward-looking statements contained in this news release describe Teck&rsquo;s
expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable
securities laws, Teck does not undertake any obligation to update or revise any forward-looking statements contained in this news release,
whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking
statements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>About Teck</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">As one of Canada&rsquo;s leading mining companies, Teck is committed to
responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc and high-quality
steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck&rsquo;s shares are listed
on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Investor Contact:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Fraser Phillips</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Senior Vice President, Investor Relations and Strategic Analysis</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">604.699.4621</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #008BFF"><U>fraser.phillips@teck.com</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Media Contact:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Chris Stannell</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Public Relations Manager</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">604.699.4368</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #008BFF"><U>chris.stannell@teck.com</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
