China Investment Corporation Announces Investment in Teck Resources Limited

China Investment Corporation ("CIC") announced today that it has agreed to
purchase on a private placement basis, through its wholly-owned subsidiary (SPV)
Fullbloom Investment Corporation, 101,304,474 Class B subordinate voting
shares(1) ("Class B Shares") of Teck Resources Limited ("Teck") for C$17.21 per
share (the "Subscription Price"). The aggregate purchase price will be US$ 1.5bn
(or approximately C$ 1.74bn) in cash. CIC does not currently hold any of Teck's
shares.


After completion of the purchase, CIC will indirectly hold Class B Shares
representing approximately 17.5% of Teck's issued and outstanding Class B
Shares, approximately 17.2% of Teck's issued and outstanding shares and
approximately 6.7% of the aggregate voting rights attaching to Teck's Class A
common shares and Class B Shares. The transaction is expected to close on or
about July 14, 2009 and is subject to customary conditions, including applicable
stock exchange approvals.


CIC is acquiring the Class B Shares for investment purposes as a long-term
passive financial investor and has agreed to hold the purchased shares for at
least one year following closing. CIC is subject to certain contractual
restrictions on the acquisition of additional Teck shares. Subject to certain
limitations agreed with Teck, including the one year hold period, CIC may
dispose of all or any portion of its Class B Shares or enter into other
transactions with respect to such shares.


CIC will have the right to maintain its percentage ownership interest through
participation in additional issuances of Teck shares or securities convertible
into Teck shares. CIC will also be entitled to certain price protection, if Teck
issues additional Class B Shares or other securities convertible into or
exchangeable for Class B Shares within one year of closing at a price less than
the Subscription Price.


Scotia Capital Inc. acted as financial advisor and Torys LLP acted as legal
advisor to CIC in this transaction.




China Investment Corporation
Room 1710-B
New Poly Plaza
No. 1 Chaoyangmen Beidajie
Dongcheng
Beijing 100010
China



(1) Teck's issued and outstanding shares include Class A common shares and Class
B subordinate voting shares. Class A common shares carry the right to 100 votes
per share. Class B subordinate voting shares carry the right to one vote per
share. In all other respects, the Class A common shares and Class B subordinate
voting shares rank equally. The attributes of the Class B subordinate voting
shares contain so called "coattail provisions," which provide that, in the event
that an offer to purchase Class A common shares, which is required to be made to
all or substantially all holders thereof, is not made concurrently with an offer
to purchase Class B subordinate voting shares on identical terms, then each
Class B subordinate voting share will be convertible into one Class A common
share.