Teck Investment Helps Protect 75,000 Hectares of BC’s Incomappleux Valley

Press Release

January 25, 2023

Vancouver, B.C. – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced it has contributed $2 million towards the conservation and protection of 75,000 hectares of globally rare inland temperate rainforest in the Incomappleux Valley in southeastern British Columbia as part of its goal to be a nature positive company by 2030.

“Teck’s contribution to the Nature Conservancy of Canada’s work through projects like Incomappleux Valley will help us accelerate the pace and scale of conservation in British Columbia. We applaud their commitment to taking real and measurable action to become a nature positive company by the end of the decade,” said Catherine Grenier, President and CEO, Nature Conservancy of Canada. “When we work together with Indigenous communities, governments, industry and private citizens, we can achieve great results for nature.”

“Teck is taking action to protect nature through this collaboration facilitated by the Nature Conservancy of Canada to conserve and protect an intact, ancient tract of one of our planet’s rare ecosystems in the Incomappleux Valley,” said Jonathan Price, CEO, Teck. “This initiative supports Teck’s work to become a nature positive company by helping protect nature in an area with significant biodiversity and ecological importance. Tackling the global challenge of nature loss requires collaboration between industry, Indigenous communities, governments, and non-profits and we are excited to support this important conservation initiative.”

The Nature Conservancy of Canada, Government of BC, First Nations whose territory includes the Incomappleux Valley and Interfor worked together to explore options for conserving the rich ecology and intact forests of the valley. Teck supported the funding of the agreement alongside Wyss Foundation, Wilburforce Foundation, and individual donors. This project was also made possible by funding from the Government of Canada, through the Canada Nature Fund.

Teck Partnering to Conserve Nature
Teck’s investment funded 37,500 hectares, or half, of the total lands protected in the Incomappleux Valley and brings Teck’s total conservation investments to 51,500 hectares announced since 2022; equal to four and half times the area of the City of Vancouver. This work is aligned with Teck’s goal to become a nature positive company by 2030 including through conserving, protecting or restoring at least three hectares for every one hectare affected by its mining activities.

Click here to learn more about Teck’s nature positive goal.

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Background – Incomappleux Valley

• The peak-to-valley landscape along the Incomappleux River is diverse and spans alpine ecosystems, inland temperate rainforests, valley bottom wetlands, streams, and lakes. The Incomappleux River is a major tributary to the Columbia River. The river system supports kokanee salmon and bull trout, as well as plentiful waterfowl and wetland birds.
• The forests contain substantial areas of mature and old growth trees, with some ranging from 800 to 1,500 years old. Researchers have identified several at-risk species of plants, mosses and lichen in this valley.
• Several species listed on the federal Species at Risk Act are found in the Incomappleux Valley, including two endangered bat species (northern myotis and little brown myotis), southern mountain caribou (threatened) and cryptic paw, a lichen species of special concern.
• The northern edge of the Incomappleux Valley project area abuts Glacier National Park, increasing important habitat and landscape-level connectivity for wide-ranging animals across the southern interior mountains of BC.
• The project area includes 58,000 hectares which is now designated as a provincial conservancy, plus an additional 17,000 hectares that is protected from commercial timber harvest.

About Teck
As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Teck Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
[email protected]

Nature Conservancy of Canada Media Contact:
Lesley Marian Neilson
Communications Director, BC
250-661-2969
[email protected]

Teck Investor Contact:
Fraser Phillips
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
[email protected]

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