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Teck Teck Resources Limited TSX : TECK.A , TECK.B NYSE : TECK www.teck.com For Immediate Release 21-18 - TR News Release Date : April 27 , 2021 Teck Reports Unaudited First Quarter Results for 2021 Delivering on Our Key Priorities Vancouver , B.C. - Teck Resources Limited ( TSX : TECK.A and TECK.B , NYSE : TECK ) ( " Teck ” ) today announced its unaudited first quarter results for 2021 . " Strong first quarter operational performance , in line with plan , and higher commodity prices contributed to a very solid start to 2021 , " said Don Lindsay , President and CEO . " We achieved major milestones for our priority projects , including surpassing the half - way point at our flagship QB2 copper growth project and moving into the commissioning phase of our Neptune steelmaking coal terminal upgrade . We remain absolutely focused on implementing the necessary protocols to mitigate transmission of COVID - 19 and protect the health and safety of our people and local communities . " Highlights • • Adjusted profit attributable to shareholders¹ of $ 326 million or $ 0.61 per share in Q1 2021 , an increase of 247 % compared to the same period last year . Adjusted EBITDA¹ of $ 967 million in Q1 2021 , an increase of 59 % compared to the same period last year . • Overall QB2 project progress surpassed the half - way point in April . • • • • • • Our Neptune port upgrade is now in the commissioning phase and ramp - up will continue as planned . To date 18 vessels have been loaded using the new outbound system . Our operations continue to be resilient despite ongoing challenges associated with COVID - 19 , with production in line with plan across our business units and sales meeting our Q1 2021 guidance . Our copper business unit had a strong Q1 2021 with an increase in gross profit before depreciation and amortization¹ of 76 % compared to the same period last year , supported by an average realized copper price of US $ 3.92 per pound and copper production of 71,700 tonnes , in line with plan . Sales of steelmaking coal were 6.2 million tonnes in Q1 2021 , with approximately 2 million tonnes sold to Chinese customers based on CFR China prices , which were significantly higher than FOB Australia prices . Teck Coal Limited has resolved Fisheries Act charges in connection with discharges of selenium and calcite from our steelmaking coal operations in the Elk Valley of British Columbia in 2012 . The Elkview Saturated Rock Fill ( SRF ) was successfully commissioned in Q1 2021 , on schedule and below budget . The SRF is now treating and reducing selenium and nitrate and improving water quality in the receiving environment . • Liquidity of $ 6.3 billion as at April 27 , 2021 . Note : 1 . Non - GAAP Financial Measure . See " Use of Non - GAAP Financial Measures " section of the MD & A for further information and reconciliation . All dollar amounts expressed in this news release are in Canadian dollars unless otherwise noted . Reference : Fraser Phillips , Senior Vice President , Investor Relations and Strategic Analysis Marcia Smith , Senior Vice President , Sustainability and External Affairs 604.699.4621 604.699.4616 Additional corporate information is available at www.teck.com