DBRS Release Report on Teck Resources

DBRS has today released a report on Teck Resources Limited (Teck or the Company) that supports the recent upgrade of the Company’s Issuer Rating and the rating of the Senior Unsecured Notes to BBB with a Stable trend.

Teck’s ratings and Stable trend reflect the Company’s solid business profile as a leading producer of coal used in steelmaking (metallurgical or coking coal) and its diversification as a significant zinc and copper producer. The rating upgrades reflect the marked recovery in Teck’s liquidity and financial metrics after they were weakened by the recession of 2008–2009, which began just as the Company completed its $13.6 billion acquisition of the outside interests in its coal operations held by the Fording Canadian Coal Trust, funded in large part by short-term borrowings. The trend has been changed to Stable with DBRS’s expectation that Teck will maintain its financial strength during its impending expansion phase.

Today’s report and the August 24, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.