<SEC-DOCUMENT>0000950142-23-002839.txt : 20231124
<SEC-HEADER>0000950142-23-002839.hdr.sgml : 20231124
<ACCEPTANCE-DATETIME>20231124171303
ACCESSION NUMBER:		0000950142-23-002839
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20231124
FILED AS OF DATE:		20231124
DATE AS OF CHANGE:		20231124

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:		231437099

	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>eh230423833_6k.htm
<DESCRIPTION>FORM 6-K
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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 November 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="eh230423833_ex9901.htm">Material Change Report</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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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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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: November 24,
    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>eh230423833_ex9901.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>EXHIBIT 99.1</B></FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Form 51-102F3</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&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"></TD><TD STYLE="width: 63pt"><B>Item 1</B></TD><TD STYLE="text-align: justify"><B>Name and Address of Company</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Teck Resources Limited (the &ldquo;<B>Company</B>&rdquo;
or &ldquo;<B>Teck</B>&rdquo;)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Suite 3300, 550 Burrard Street</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Vancouver, British Columbia</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">V6C 0B3</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&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"></TD><TD STYLE="width: 63pt"><B>Item 2</B></TD><TD STYLE="text-align: justify"><B>Date of Material Change</B></TD></TR></TABLE>

<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; text-indent: 0.5in">November 13, 2023. </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&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"></TD><TD STYLE="width: 63pt"><B>Item 3</B></TD><TD STYLE="text-align: justify"><B>News Release</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">A news release was disseminated
by the Company on November 14, 2023 through the facilities of <FONT STYLE="color: Black">GlobeNewswire</FONT> and was filed on SEDAR+
under the Company&rsquo;s profile at www.sedarplus.ca</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&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"></TD><TD STYLE="width: 63pt"><B>Item 4</B></TD><TD STYLE="text-align: justify"><B>Summary of Material Change</B></TD></TR></TABLE>

<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; text-indent: 0.5in">On November 14, 2023, the Company
announced it had agreed to sell its entire interest in its steelmaking coal business (the &quot;<B>Steelmaking Coal Business</B>&quot;)
through a sale of a majority stake to Glencore plc (&ldquo;<B>Glencore</B>&rdquo;) for an implied enterprise value of US$9.0 billion,
and a sale of a minority stake to Nippon Steel Corporation (&ldquo;<B>NSC</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Glencore has agreed to acquire,
through a wholly-owned subsidiary, a 77% interest in the Steelmaking Coal Business for US$6.9 billion in cash, payable to Teck at closing
of the Glencore transaction, subject to certain adjustments described below.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">NSC has agreed to acquire a 20%
interest in the Steelmaking Coal Business in exchange for its current 2.5% interest in Teck's Elkview Operations plus US$1,254,300,000
in cash payable to Teck at closing of the NSC transaction. NSC will also enter into a long-term steelmaking coal offtake rights arrangement
at market terms.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Subsequently, on November 15, 2023,
the Company entered into a definitive agreement with POSCO pursuant to which, among other things, POSCO agreed to exchange its current
2.5% interest in Teck's Elkview Operations and its 20% interest in the Greenhills joint venture with Teck, for a 3% interest in the Steelmaking
Coal Business.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&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"></TD><TD STYLE="width: 63pt"><B>Item 5</B></TD><TD STYLE="text-align: justify"><B>Full Description of Material Change</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Full
Description of Material Change</B></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company, its wholly-owned
subsidiary, Teck Metals Ltd. (the &ldquo;<B>Vendor</B>&rdquo;), Glencore and its wholly-owned subsidiary, 1448935 B.C. Ltd. (the &ldquo;<B>Purchaser</B>&rdquo;),
have entered into a share purchase agreement dated November 13, 2023 (the &ldquo;<B>Share Purchase Agreement</B>&rdquo;) pursuant to
which the Purchaser has agreed to, among other things, purchase all of the issued and outstanding shares of Teck's wholly-owned subsidiary,
Elk Valley Resources Ltd. (the &quot;<B>Purchased Corporation</B>&quot;), formed to hold Teck's interest in the Steelmaking Coal Business,
for US$6.9 billion in cash, payable to Teck</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; text-align: justify; text-indent: 0in">at closing, subject to customary
closing adjustments, adjustments on account of the Shareholder Loan (as defined below) and adjustments in the event that either the NSC
and/or POSCO transactions described below do not close (the &quot;<B>Glencore Transaction</B>&quot;).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to a transaction agreement
dated November 13, 2023 entered into with, among others, NSC (the &ldquo;<B>NSC Transaction Agreement</B>&rdquo;), NSC has agreed to exchange
its existing 2.5% interest in Teck's Elkview Operations and invest additional cash proceeds of US$1,254,300,000 to acquire a 20% interest
in the Steelmaking Coal Business (the &ldquo;<B>NSC Transaction</B>&rdquo;). As a condition to closing the NSC Transaction, NSC will also
enter into a long-term steelmaking coal offtake rights arrangement on customary market terms, continuing NSC&rsquo;s long-standing commercial
arrangement for the purchase of steelmaking coal from the Elk Valley.</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; text-indent: 0.5in">Pursuant to a transaction agreement
dated November 15, 2023 entered into with, among others, POSCO (the &ldquo;<B>POSCO Transaction Agreement</B>&rdquo;), POSCO has agreed
to exchange its existing 2.5% interest in Teck's Elkview Operations and its existing 20% interest in the Greenhills joint venture with
Teck for a 3% interest in the Steelmaking Coal Business (the &ldquo;<B>POSCO Transaction</B>&rdquo; and together with the Glencore Transaction
and the NSC Transaction, the &quot;<B>Proposed Transactions</B>&quot;).</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"><B>Reorganization</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In order to facilitate the
investments contemplated by the Proposed Transactions, the Company intends to effect a reorganization of the Steelmaking Coal Business,
whereby it will, through a series of transactions, cause its interests in the Steelmaking Coal Business to be held, directly or indirectly,
by a limited partnership to be formed under the laws of British Columbia (&ldquo;<B>EVR LP</B>&rdquo;) and 15516960 Canada Ltd. (&ldquo;<B>EVR
GP</B>&rdquo;), the general partner of EVR LP (the &quot;<B>Reorganization</B>&quot;). Following completion of the Reorganization, and
prior to the completion of the Proposed Transactions, the Company's interests in all of its coal related assets, including the Elkview,
Fording River, Greenhills and Line Creek operating mines located in British Columbia, Canada, (collectively, the &ldquo;<B>Steelmaking
Coal Assets</B>&rdquo;), will be held, directly or indirectly, by EVR LP, EVR LP will assume all of the liabilities related to the Steelmaking
Coal Assets, and the Company will own, directly or indirectly, all of the interests in EVR LP and EVR GP. In addition, as partial consideration
for the Steelmaking Coal Assets, EVR LP will enter into a loan agreement in favour of a subsidiary of the Company for an aggregate principal
amount of US$1.847 billion (the &quot;<B>Shareholder Loan</B>&quot;). In connection with the Reorganization, prior to the completion of
the Glencore Transaction, the Company will cause the Shareholder Loan to be transferred and become payable to the Purchased Corporation.
If the NSC Transaction Agreement is terminated, the Shareholder Loan will be capitalized prior to the closing of the Glencore Transaction.</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following description of the
Glencore Transaction and the Share Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to
the full text of the Share Purchase Agreement, which has been filed with the Canadian securities regulatory authorities and will be available
on SEDAR+ under the Company&rsquo;s profile at <FONT STYLE="color: Blue"><U>www.sedarplus.ca</U></FONT>.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Subject to the terms and
conditions set forth in the Share Purchase Agreement, the Purchaser has agreed to acquire the Purchased Corporation (and, indirectly,
at least a 77% interest in EVR LP and EVR GP and, if applicable, the full then-outstanding amount of the Shareholder Loan) for a base
cash purchase price of US$6,930,000,000, subject to certain adjustments. The cash purchase price payable by the Purchaser will be subject
to customary working capital, cash and debt adjustments, as well as adjustments to discount the value of a portion of the then-outstanding
balance of the Shareholder Loan attributable to NSC's and POSCO's minority interests in the Steelmaking Coal Business at closing of the
Glencore Transaction, if applicable. As well, in the event that either the NSC Transaction and/or the POSCO Transaction have not been
completed prior to the closing of the&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: left; text-indent: 0pt">&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: 0pt; text-align: justify; text-indent: 0pt">Glencore Transaction, the attributable
interest in the Steelmaking Coal Business held by the Purchased Corporation immediately prior to, and the purchase price payable by Glencore
on, the closing of the Glencore Transaction will increase proportionately.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Share Purchase Agreement provides
for customary closing conditions in favour of each party, as applicable, related to the truth of representations and warranties, the performance
of covenants, no illegality, no material adverse effect in respect of the Steelmaking Coal Business and the completion of the Reorganization.
The closing of the Glencore Transaction is also conditional on the receipt of required regulatory approvals in various jurisdictions (the
&ldquo;<B>Key Regulatory Approvals</B>&rdquo;), including, but not limited to, under the <I>Investment Canada Act</I> (Canada) (the &ldquo;<B>ICA</B>&rdquo;),
the <I>Competition Act</I> (Canada) and the <I>Hart-Scott Rodino Antitrust Improvements Act of 1976</I>. In connection with the ICA approval,
Glencore and the Purchaser have agreed to make certain undertakings and commitments to the status and operation of the Steelmaking Coal
Business. The Glencore Transaction is not conditional on the completion of either the NSC Transaction or the POSCO Transaction.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Share Purchase Agreement provides
for customary termination rights, including (a) in the event that (i) any law is enacted or made (or any law is amended) which permanently
prohibits, enjoins or renders illegal the Glencore Transaction, and such law has become final and non-appealable, (ii) an order, decision
or notice is issued under the ICA preventing the consummation of the Glencore Transaction or imposing a burdensome condition on the Purchaser
that is not accepted by the Purchaser, or (iii) the Purchaser withdraws its application under the ICA after seeking and obtaining the
prior written consent of the Vendor (provided the party seeking to terminate for any such event must not be in breach of any representation,
warranty, covenant or obligations set forth in the Share Purchase Agreement where such breach has been a primary cause of, or resulted
in, the event giving rise to a right to terminate), or (b) in the event of a breach by either party (subject to customary cure provisions)
that would result in any of the conditions relating to the bring down of representations and warranties and performance of covenants not
being able to be satisfied by the Glencore Outside Date (as defined below). The Share Purchase Agreement may also be terminated by either
party if the Glencore Transaction has not been completed by November 13, 2024 (which date may be extended for up to 120 days in certain
circumstances, the &quot;<B>Glencore Outside Date</B>&quot;), provided the party seeking to terminate as a result of the occurrence of
the Glencore Outside Date must not be in breach of any representation, warranty, covenant or obligation set forth in the Share Purchase
Agreement where such breach has been a primary cause of, or resulted in, the closing of the Glencore Transaction not occurring.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">In the event that the Share Purchase
Agreement is terminated: (a) by any party, as a result of the occurrence of the Glencore Outside Date in circumstances where any of the
Key Regulatory Approvals have not been obtained or any anti-trust law is then in effect that prohibits, enjoins or renders illegal the
Glencore Transaction; (b) by any party as a result of (i) the imposition or enforcement of an antitrust law or order issued pursuant to
an antitrust law that is final and not appealable which permanently prohibits enjoins or renders illegal the consummation of the Glencore
Transaction, (ii) an order, decision or notice issued under the ICA preventing the consummation of the Glencore Transaction or imposing
a burdensome condition on the Purchaser that is not accepted by the Purchaser, or (iii) the Purchaser withdrawing its application under
the ICA after seeking and obtaining the prior written consent of the Vendor; or (c) by the Vendor as a result of a willful breach by the
Purchaser or Glencore of their representations and warranties or covenants under the Share Purchase Agreement, and provided that, in the
case of a termination referred to in subparagraphs (a) or (b), all of the conditions in favor of the Purchaser and Glencore (other than
the conditions related to Key Regulatory Approvals or no illegality, unless in the case of no illegality only, such condition is not satisfied
as a result of a law that does not relate in any way to a Key Regulatory Approval or an antitrust law) are satisfied or reasonably capable
of being satisfied on or prior to the Glencore Outside Date, then the Purchaser and Glencore shall, jointly and severally, pay to the
Vendor a termination payment of US$400 million.</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; text-align: justify; text-indent: 0.5in">The Share Purchase Agreement also
provides for customary representations and warranties, interim period operating covenants and indemnities for a transaction of this nature.
Each of the Vendor's and the Purchaser's obligations under the Share Purchase Agreement are fully guaranteed by the Company and Glencore,
respectively.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Closing of the Glencore Transaction
is expected to occur in the third quarter of 2024.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Transactions with NSC and POSCO</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The NSC Transaction Agreement
provides that NSC will, subject to the terms thereof, exchange its existing 2.5% interest in Teck's Elkview Operations and invest additional
cash proceeds of US$1,254,300,000 to acquire a 20% interest in each of EVR LP and EVR GP (and indirectly, a 20% interest in the Steelmaking
Coal Business).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The POSCO Transaction Agreement
provides that POSCO will, subject to the terms thereof, exchange its existing 2.5% interest in Teck's Elkview Operations and its existing
20% interest in the Greenhills joint venture, for a 3% interest in each of EVR LP and EVR GP (and, indirectly, a 3% interest in the Steelmaking
Coal Business).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The NSC Transaction Agreement and
POSCO Transaction Agreement each contain certain covenants, including that the Company will use reasonable commercial efforts to complete
the Reorganization and that each of the parties will use commercially reasonable efforts to obtain and maintain all material third party
or other consents or waivers and effect all necessary or advisable registrations or filings required by governmental entities in connection
with the Reorganization and agreements contemplated in connection therewith.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The NSC Transaction and the POSCO
Transaction are conditional on the completion of the Reorganization and other customary conditions, including in the case of the NSC Transaction
receipt of required regulatory approvals in Brazil and South Korea, but neither the NSC Transaction nor the POSCO Transaction is conditional
on the completion of the other transaction or the Glencore Transaction. For greater certainty, neither the Reorganization nor the Glencore
Transaction is conditional on completion of the NSC Transaction and the POSCO Transaction and both are expected to be implemented even
if the NSC Transaction and/or the POSCO Transaction do not occur.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The NSC Transaction Agreement and
POSCO Transaction Agreement each also provide for customary representations and warranties, interim period operating covenants, indemnities
and termination rights for transactions of this nature. The NSC Transaction Agreement and POSCO Transaction Agreement also contain customary
termination rights, including that the NSC Transaction Agreement and POSCO Transaction Agreement may be terminated if the NSC Transaction
or the POSCO Transaction, respectively, have not been completed by May 31, 2024.</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; text-indent: 0.5in">The NSC Transaction and the POSCO
Transaction are expected to close in the first quarter of 2024.</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; color: blue"><FONT STYLE="color: Black"><B>5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disclosure
for Restructuring Transactions</B></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; text-indent: 0.5in">Not applicable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&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"></TD><TD STYLE="width: 63pt"><B>Item 6</B></TD><TD STYLE="text-align: justify"><B>Reliance on subsection 7.1(2) of National Instrument 51-102</B></TD></TR></TABLE>

<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; text-indent: 0.5in">Not applicable.</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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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&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"></TD><TD STYLE="width: 63pt"><B>Item 7</B></TD><TD STYLE="text-align: justify"><B>Omitted Information</B></TD></TR></TABLE>

<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; text-indent: 0.5in">None.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&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"></TD><TD STYLE="width: 63pt"><B>Item 8</B></TD><TD STYLE="text-align: justify"><B>Executive Officer</B></TD></TR></TABLE>

<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; text-indent: 0.5in">Further information regarding
the matters described in this report may be obtained from Charlene Ripley, Senior Vice President and General Counsel, who is knowledgeable
about the details of the material change and may be contacted at <FONT STYLE="color: Black">Charlene.Ripley@teck.com or 604-697-3509.</FONT>&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><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"></TD><TD STYLE="width: 63pt"><B>Item 9</B></TD><TD STYLE="text-align: justify"><B>Date of Report</B></TD></TR></TABLE>

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

<P STYLE="text-indent: 0.5in; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify">November 23, 2023.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: black"><B>Caution Regarding Forward-Looking Statements
</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This material change report
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 0 12pt; text-align: justify; text-indent: 0.5in">These forward-looking statements
include, but are not limited to, statements relating to the Proposed Transactions; the timing for completion of the Proposed Transactions;
Teck&rsquo;s ability to satisfy the conditions of closing, including the receipt of and conditions to regulatory approvals for the Proposed
Transactions; and other statements that are not historical facts.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Although Teck believes 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 Teck&rsquo;s control and the effects of which can be difficult to predict: the possibility that the Proposed Transactions
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 regulatory 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 Proposed Transactions; risk that market or other conditions are no longer favourable
to completing the Proposed Transactions; risks relating to business disruption during the pendency of or following the Proposed Transactions
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 Proposed Transactions, including changes in economic conditions,
interest rates or tax rates; and other risks inherent to Teck&rsquo;s business and/or factors beyond Teck&rsquo;s control which could
have a material adverse effect on Teck or the ability to consummate the Proposed Transactions.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">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 Teck&rsquo;s business can be found in</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify; text-indent: 0pt">&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: 0pt 0pt 12pt; text-align: justify; text-indent: 0pt">Teck&rsquo;s Annual Information
Form for the year ended December 31, 2022, filed under Teck&rsquo;s profile on SEDAR (<FONT STYLE="color: Blue"><U>www.sedarplus.ca</U></FONT>)
and on EDGAR (<FONT STYLE="color: Blue"><U>www.sec.gov</U></FONT>) under cover of Form 40-F, as well as subsequent filings that can also
be found under Teck&rsquo;s profile.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The forward-looking statements
contained in this material change report describe Teck&rsquo;s expectations at the date of this material change report 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 material change report, 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>

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