Teck Resources Limited

Teck Resources Limited

September 23, 2009 21:03 ET

Teck Announces Proposed Sale of Turkish Gold Projects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2009) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it has entered into a memorandum of understanding with Fronteer Development Group Inc. and Alamos Gold Incorporated providing for the purchase by Alamos of the Agi Dagi and Kirazli gold projects in Turkey, in which Teck has a 60% interest. Alamos will pay US$40 million and issue 4 million shares to Teck and Fronteer in connection with the transaction. Closing of the transaction is subject to execution of definitive agreements and customary conditions.

About Teck

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. Further information about Teck can be found at www.teck.com.

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