Teck Resources Limited has been notified of an unsolicited “mini tender” offer by TRC Capital Corporation to purchase up to 3.0 million Class B subordinate voting shares of Teck, representing approximately 0.5 percent of Teck’s outstanding Class B subordinate voting shares.

The offer price of USD 35.90 represented a 4.85% discount to the closing price of Teck’s Class B subordinate voting shares on the Toronto Stock Exchange on November 9th 2011, the day prior to the date of the offer.

Teck recommends that shareholders NOT tender their Class B subordinate voting shares in response to TRC's mini-tender offer. TRC’s mini-tender offer is subject to many conditions, including a financing condition and a condition that there shall not have occurred since November 9th 2011 a decrease in the price of Teck’s Class B subordinate voting shares, the Dow Jones Industrial Average, the S&P 500 Average or a number of other stock indices. Teck does not endorse TRC's unsolicited mini-tender offer and is not associated with TRC, the mini-tender offer or the offer documentation. TRC has made many similar unsolicited mini-tender offers for shares of other companies. Mini-tender offers are designed to seek less than 5% of a company's outstanding shares, thereby avoiding many disclosure and procedural requirements applicable to most bids under Canadian securities legislation.

Shareholders who are considering tendering their shares to TRC's mini-tender offer are strongly urged to exercise caution with respect to TRC's offer, obtain current market quotations for their Teck Class B subordinate voting shares, consult with their financial advisors and carefully examine TRC's mini-tender offer.