TECK RESOURCES

PROPERTY LOCATION & ACQUISITION DATE

Project Activities In The 2022 Season

Teck Resources Limited

Vancouver, BC Teck.com copperfoxmetals.com/ projects/schaft-creekproject/overview/

Contacts

GENERAL INQUIRIES, CONTRACTING & EMPLOYMENT

Mike Takaichi Project Manager

604 699 4382 mike.takaichi@teck.com

LEADERSHIP

Colin Joudrie Vice President, Business Development

604 699 4000 colin.joudrie@teck.com

Schaft Creek Project is a joint venture (JV) between Teck Resources Limited (75%) and Copper Fox Metals Inc. (25%), with Teck being the operator. It is located 50 km southeast of Telegraph Creek. The JV was formed in 2013.

In 2022, 4,688 m of drilling was completed in 11 holes. To support this work, the Schaft Creek camp was fully opened for the first time since 2015. In addition to the drilling, environmental baseline studies were completed.

Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap?

Teck Resources Limited funds the project. Teck Resources Limited is a publicly traded company. The market cap is $30 billion.

Tentative plans and hopes for the 2023 season?

We are planning for approximately 9,000 m of geotechnical drilling on the project in 2023, supported with four drill rigs and plan to have the camp open from June to October.

RELATIONSHIP WITH THE TCG & TAHLTAN NATION

During the 2022 season, what involvement did TCG personnel and departments have with your company? If they were not involved, why not?

COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

It was a challenging year to find contractors and workers on site, but we managed to achieve our program goals with no significant safety incidents. There was a fuel spill of approximately 160L at a drill rig that was fully cleaned up prior to the camp closing in October. We have communicated this to the Tahltan Central Government (TCG) Lands Director as well as the BC Government.

Number of employees working on your project(s)?

Nine.

In 2022 we had several conversations with the Tahltan Director of Employment & Business, Ann Ball, about hiring contractors and staff, and the Tahltan Lands Director about the project drill permit.

In 2022, how many Tahltans did you employ?

Zero.

What employment opportunities, now and in the future, are available to Tahltan members?

The project is currently staffed by geoscientists, moving forward we are looking to add an environmental coordinator and health and safety positions.

Why should Tahltan members want to work for you?

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc, and energy. Headquartered in Vancouver, Canada, and has been named one of Canada’s Top 100 Employers for six consecutive years, one of the World’s Best Employers by Forbes and one of Canada’s Top Employers for Young People 2022.

The pursuit of sustainability guides Teck’s approach to business. Teck is building partnerships and capacity to confront sustainability challenges within the regions in which it operates and at the global level. In 2020, Teck was named to the Dow Jones Sustainability World Index (DJSI) for the eleventh straight year, indicating that Teck’s sustainability practices rank in the top 10% of the world’s 2,500 largest public companies in the S&P Global Broad Market Index.

Did you have any Tahltan contractors working for your company? What percentage of your contracting dollars went to Tahltan companies, including TNDC and their joint ventures?

Yes. KICA provided camp catering, Bear Dog Aviation (Mustang) provided helicopters, Northern Labour Services (NLS) provided core cutters and camp labour, Norad provided pad building and camp management, RnS Services provided camp support, TEEM provided environmental sampling.

TLC provided telecommunications, Tuya Woodcraft supplied core boxes, and KEDA provided propane.

47% of contracting dollars went to Tahltan companies or partnerships.

Do you have any outside contractors working for you? If so, who are they? Who were the primary contractors you utilized? Do they offer employment opportunities to Tahltan members?

Major Drilling provided drilling services, Sirius Medix provided on site Advanced Care Paramedics and support, Alkan Air provided charter flights to Bob Quinn, Century Wireline provided Geophysical downhole probes, Veritas Aviation provided aviation consulting support, Wood PLC provided environmental data interpretation, Airborne Imaging flew a LiDAR survey on the project, Bulkley Valley and Super A provided groceries to the camp, Driving Force provided truck rentals, and L&M Engineering provided engineering support.

Top Left: Vanessa’s apple turnovers.

Top Right: First sample shipment ready.

Bottom: Every child matters.