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Teck Notes Offering Closes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2010) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that its previously announced public offering of US$300 million aggregate principal amount of 3.85% notes due 2017 and US$450 million aggregate principal amount of 6.00% notes due 2040 has closed.

As a consequence of the closing of the notes offering, Teck expects to promptly accept for purchase 45.63%, or approximately US$434.6 million aggregate principal amount, of its 9.75% senior secured notes due 2014 that were tendered at or prior to the early tender date for its concurrent tender offer for its 9.75% senior secured notes due 2014 and 10.25% senior secured notes due 2016, which commenced on August 3, 2010.

The unsecured notes were offered via an underwritten public offering in the United States pursuant to an effective shelf registration statement on Form F-9 filed with the United States Securities and Exchange Commission.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). The forward-looking statements in this news release include statements concerning the expected early settlement of notes tendered in Teck's tender offer.

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. Factors that may cause actual results to vary include, but are not limited to, conditions in financial markets, investor response to Teck's tender offer, final tender results, and other risk factors as detailed from time to time in Teck's reports filed with Canadian securities administrators and the U.S. Securities and Exchange Commission.

Certain of these risks are described in more detail in the annual information form of Teck and in its public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

About Teck Resources Limited

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK.

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