:: Teck Cominco and Fording Canadian Coal Trust Announce New President and CEO of Elk Valley Coal Partnership

Donald R. Lindsay, President and Chief Executive Officer of Teck Cominco Limited and Michael A. Grandin, Chairman and Chief Executive Officer of Fording Canadian Coal Trust are pleased to announce that Mr. Boyd Payne will join Elk Valley Coal Partnership as President and Chief Executive Officer. Mr. Payne will replace Mr. Jim Popowich who will be retiring once a date for Mr. Payne to assume his new duties has been determined.

Mr. Payne was most recently Vice President, Marketing for BHP Billiton Mitsubishi Alliance (BMA). Prior to joining BMA, Mr. Payne was Vice President, Marketing for Fording Coal Limited, whose metallurgical coal operations were acquired by Elk Valley Coal in 2003. Mr. Payne also held several senior positions with Manalta Coal Ltd., including Vice President, Marketing and General Manager of Gregg River Resources Ltd. He holds a Bachelor of Science degree in Chemistry from the University of Victoria.