DBRS Release Report on Teck Resources

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

The confirmation of Teck’s ratings and their 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 copper and zinc producer.

With the significant restoration of the Company’s balance sheet and liquidity profile, Teck has embarked on a program focused on increasing coal output by the end of 2013 by about 20%, and to over 30 million tonnes per year beyond that date, as well as a 25% increase in copper output. The Company is also examining a number of copper and oil sands mega projects. Teck will have to be prudent in its cash outlays during its expansion phase if the Company wishes to retain its restored financial strength.

Today’s report and the October 10, 2012, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.