Teck Cominco Limited
TSX : TEK.MV.A
TSX : TEK.SV.B

Teck Cominco Limited

June 01, 2006 14:33 ET

Teck Cominco Limited Completes Exchange of Exchangeable Debentures Due 2024

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 1, 2006) - Teck Cominco Limited (TSX:TEK.MV.A)(TSX:TEK.SV.B) announced today that it has completed the exchange announced on May 16, 2006 of $112 million principal amount of Exchangeable Debentures due 2024. All outstanding debentures were tendered for exchange and Teck Cominco has issued 11,489,368 Class B subordinate voting shares.

The exchange does not affect Teck Cominco's earnings or cash flows from operating activities as the exchangeable debentures were classified as part of shareholders' equity on the company's balance sheet.

About Teck Cominco

Teck Cominco is a diversified mining company, headquartered in Vancouver, Canada. Shares are listed on the Toronto Stock Exchange under the symbols TEK.MV.A and TEK.SV.B. The company is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold, indium and other specialty metals. Further information can be found at www.teckcominco.com.

Teck Cominco shares are currently listed on the Toronto Stock Exchange under the symbols TEK.MV.A and TEK.SV.B. Effective Monday, June 5, 2006 the Teck Cominco symbols will be changed to TEK.A and TEK.B.

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