Base Metals

TotalEnergies Commences Proceedings Regarding Fort Hills Right of First Refusal

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that TotalEnergies EP Canada Ltd. ("Total"), a subsidiary of TotalEnergies SE (NYSE: TTE, LON:TTE) has filed an application in the Alberta Court of King's Bench in connection with Teck's sale of its Fort Hills interest and related assets to Suncor Energy Inc. Total's application challenges the validity of the right of first refusal notice delivered to it by Teck, pursuant to which Total can elect to acquire part of Teck's interest in Fort Hills. Total is also seeking that the 90 day period within which it can exercise its right of first refusal be suspended during the dispute. Teck believes that Total's position is entirely without merit and expects the transaction to close in the first quarter as previously announced. It remains open to Total to accept the right of first refusal notice provided by Teck, and Teck intends to vigorously defend the proceedings.

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). Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" "might" or "will" be taken, occur or achieved. Forward-looking statements include statements regarding Teck's expectations regarding closing of the proposed sale of its interest in the Fort Hills Limited Partnership and related assets.

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, adverse decisions or developments in the legal proceedings commenced by Total, failure to receive necessary approvals or otherwise to fulfill closing conditions, failure of Teck's counterparty or counterparties to perform, natural disaster, disruption in banking markets, and other risk factors as detailed from time to time in Teck's 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
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 .

Investor Contact:
Fraser Phillips
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
fraser.phillips@teck.com

Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com


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First Quantum Announces Redemption of $400 Million Outstanding 2024 Notes

(In United States dollars, except where noted otherwise)

First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced that it intends to issue a notice of redemption on March 17, 2023 for its $400 million outstanding 6.500% Senior Notes due March 2024 (Rule 144A: ISIN US335934AP02; CUSIP 335934AP0; Reg S: ISIN USC3535CAH19; CUSIP C3535CAH1) (the "2024 Notes") to be redeemed on March 28, 2023.

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Teck's Trail Operations Commits to the Zinc Mark

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced Teck Trail Operations has committed to the Zinc Mark. The Zinc Mark is part of the Copper Mark's multi-metals approach using the Copper Mark assurance framework, a framework which aims to promote responsible production practices and demonstrate the industry commitment to the United Nations Sustainable Development Goals.

"Zinc has a critical role to play in the transition to a low-carbon economy. It is used for renewable energy storage and galvanizes the steel needed in everything from transit lines to wind turbines, making clean infrastructure last longer – and therefore more sustainable," said Jonathan Price, CEO of Teck. "Participating in the Zinc Mark is part of our ongoing work to ensure responsible zinc production for our customers and local communities."

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Ivanhoe Mines Files a New NI 43-101 Technical Report for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that the company has filed a new National Instrument 43-101 (NI 43-101) technical report covering the Kamoa-Kakula 2023 Integrated Development Plan (2023 IDP) for the world-leading Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC).

The 2023 IDP consists of a Pre-Feasibility Study (Kamoa-Kakula 2023 PFS) for the Phase 3 and Phase 4 expansions of the Kamoa-Kakula Copper Complex over a 33-year mine life, as well as an updated Preliminary Economic Assessment (Kamoa-Kakula 2023 PEA) that includes a life-of-mine extension case to 42 years overall. The Kamoa-Kakula 2023 PFS evaluates a staged increase in production capacity at Kamoa-Kakula from the current nominal throughput rate of 7.6 million tonnes per annum (Mtpa) up to a total of 19.2 Mtpa by 2030.

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Teck Reports 2022 Sustainability Performance

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today the release of our 22 nd annual Sustainability Report, highlighting our performance in 2022 and progress on our sustainability strategy goals.

"Environmentally and socially responsible mining is core to our approach to business," said Jonathan Price, CEO. "At Teck, we are committed to responsibly producing the critical minerals essential to the low-carbon future, while maintaining a high standard of sustainable performance. I am pleased to share our 2022 Sustainability Report, in which we detail progress in areas including health & safety, climate action, diversity, biodiversity and more."

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