Teck Closes Strait Gold Placement

Teck Closes Strait Gold Placement

11-57-TR

December 20, 2011 /

Vancouver, B.C. – Teck Resources Limited (TSX: TCK.A, TCK.B, NYSE: TCK) (“Teck”) announced today the closing of a $600,000 private placement in Strait Gold Corporation (TSX-V: SRD) (“Strait Gold”). Teck subscribed for 3,000,000 Units of Strait Gold (the “Units”) at $0.20 per Unit. Each Unit comprises one common share and one share-purchase warrant exercisable at $0.25 within 12 months of closing of the placement or at $0.35 by December 31, 2013. The shares, and shares that would be issued on exercise of the warrants, represent 10.56% of Strait Gold’s issued shares, calculated on a partially diluted basis assuming the exercise of the warrants only. The securities issued to Teck are legended and restricted from trading until April 17, 2012. Teck will have the right to participate in future financings to maintain its percentage interest in Strait Gold. The funds will be used by Strait Gold for general working capital.