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Teck Resources Limited
TSX: TCK.A
TSX: TCK.B
NYSE: TCK
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December 1, 2010
Teck Announces Early Results of Notes Tender Offer
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec.

1, 2010) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today the results to date of the previously announced modified"Dutch Auction" cash tender offer (the "Tender Offer") for up to US$650 million aggregate principal amount of its 10.75% senior secured notes due 2019, 10.25% senior secured notes due 2016 and 9.75% senior secured notes due 2014 (together, the "Notes"). As of the Early Participation Date, which was 5:00 p.m., New York City time, on December 1, 2010, Notes validly tendered and not validly withdrawn were as follows:
Principal Amount Percent of Principal Tendered as Outstanding Amount of Early Principal Title of Outstanding Participation Amount Securities CUSIP Numbers (US$) Date (US$) Tendered (1) --------------------------------------------------------------------------- 10.75% Senior 878742AQ8/ Secured Notes 878742AN5/ due 2019 C87392AC7 $1,306,778,000 $ 981,821,000 75.1% 10.25% Senior 878742AM7/ Secured Notes 878742AK1/ due 2016 C87392AB9 $ 860,000,000 $ 629,967,000 73.3% 9.75% Senior 878742AJ4/ Secured Notes 878742AG0/ due 2014 C87392AA1 $ 715,003,000 $ 444,179,000 62.1% (1) Rounded to the nearest one-tenth of one percent.
Because the Tender Offer is oversubscribed, Teck will accept Notes on a pro rata basis as provided, and subject to the conditions stated, in the Offer to Purchase promptly following Expiration Date. The Tender Offer will expire at 12:01 a.m.

New York City time, on December 16, 2010 unless extended or earlier terminated (such time and date, as may be extended or earlier terminated, the "Expiration Date").

Holders who validly tender their Notes after the Early Participation Date and before the Expiration Date will not receive the Early Participation Payment of US$30.00 for each US$1,000 principal amount of Notes accepted for purchase.

Teck will issue a press release disclosing the final results of the Tender Offer, including the clearing premium to be paid, promptly following the Expiration Date. Notes tendered pursuant to the Tender Offer may no longer be withdrawn. The complete terms and conditions of the Tender Offer are set forth in the Offer to Purchase dated November 17, 2010 and related Letter of Transmittal that were sent to holders of the Notes.

Holders are encouraged to read these documents carefully. Citigroup Global Markets Inc., J.P.

Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman, Sachs & Co.

are Dealer Managers for the Tender Offer.

Questions regarding the Tender Offer may be directed to Citigroup Global Markets Inc.

Liability Management Group at (800) 558-3745 (toll free), J.P.

Morgan Securities LLC Liability Management Group at (866) 834-4666 (toll-free), Merrill Lynch, Pierce, Fenner & Smith Incorporated Debt Advisory Services at (888) 292-0070 (toll-free) and Goldman, Sachs & Co.

Liability Management at (800) 828-3182.

Global Bondholder Services Corporation has been retained as depositary and information agent for the tender offer.

Requests for documents may be directed to Global Bondholder Services Corporation by telephone at (866) 389-1500 (toll-free) or in writing at 65 Broadway - Suite 404, New York, NY 10006, Attention: Corporate Actions.

Teck is making the Tender Offer only by, and pursuant to the terms of, the Offer to Purchase and the related Letter of Transmittal. 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 purchase of Notes by Teck in the Tender Offer, including with respect to the timing and principal amount of Notes to be purchased. 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, risks relating to conditions in financial markets, investor response to the Tender Offer, and other risk factors as detailed from time to time in Tecks 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 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.


CONTACT INFORMATION: Teck Resources Limited Greg Waller Investor Contact 604-699-4014
or Teck Resources Limited Marcia Smith Media Contact: 604-699-4616 www.teck.com
INDUSTRY: Manufacturing and Production - Mining and Metals
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