Teck Announces Partners Proceeding with Fort Hills Oil Sands Project - Seite 2

Teck will hold an investor conference call to discuss the Fort Hills project at 11:30 a.m. Eastern time / 8:30 a.m. Pacific time on Thursday, October 31, 2013. The conference call dial-in is 416.340.8530 or toll free 800.565.0813, no pass code required. Media are invited to attend on a listen-only basis.

This conference call will be simultaneously broadcast via webcast which will include audio and slides. The webcast can be accessed at: http://www.media-server.com/m/p/3jrxtbwu or alternatively, at: www.teck.com under Events. To listen to a post recording of the call, dial either 905.694.9451 or toll free 800.408.3053 and enter access number 2183281 when prompted. The recording will be available from 2:30 p.m. Pacific time October 31, 2013 to 11:59 p.m. Pacific time December 1, 2013.

Cautionary Statement on Forward-Looking Information

This news 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).

Forward-looking statements in this news release relate to our Fort Hills project and include management's expectations regarding mine life of the project, the expectation that the Fort Hills project and our other oil sands assets will create value and significant cash flow, the estimated contingent resource of 3.3 billion barrels of bitumen, the timing of production of first oil and the increase to 90% of planned production capacity, the expectation that existing and future water quality standards and environmental requirements will be met or exceeded throughout the life of the project and the aim to return all disturbed lands to as close to a natural state as possible. In addition, forward-looking statements in this news release include the project cost estimates, Teck's portion of the capital investment for the project and the gross overall project costs.

The forward-looking statements in this news release are based on certain assumptions. Management's expectations of mine life are based on the current planned production rate and assume that all resources described in this news release are developed. In general, estimates of bitumen are based upon a number of factors and assumptions made as of the date on which the resource estimates were determined, such as geological and engineering estimates, which have inherent uncertainties. Production timing and rate, capital investment and project costs and water quality and environmental standards are based on the approved project development plan and the assumption that the project will be developed and operated in accordance with that plan.