Teck Reports Class A Share Conversion

April 5, 2017

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 5, 2017) – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that Caisse de depot et placement (the “Caisse”) has tendered 1,576,166 Class A common shares of Teck for conversion into the same number of Class B subordinate voting shares pursuant to the conversion right inherent in the share conditions of the Class A common shares. Teck understands that the Caisse entered into an agreement with Temagami Mining Company Ltd. (“Temagami”), pursuant to which Temagami has conveyed 100,000 Class B subordinate voting shares of Teck to the Caisse as an inducement to effect the conversion. Temagami intends to sell approximately 35,000 additional Class B subordinate voting shares to fund cash taxes that may be payable in connection with the transaction.

Category: General