IPSCO Year End Conference Call Announcement Lisle, Illinois, January 17, 2006 - IPSCO Inc. (NYSE/TSX: IPS) will release its 2005 year end results at 6:00 am EST on Monday, February 6, 2006. The Company has scheduled a conference call to discuss its performance with members of the financial community at 10:00 am EST, also on Monday, February 6. Participating in the call will be IPSCO President and Chief Executive Officer, David Sutherland, Executive Vice President - Steel and Chief Commercial Officer, John Tulloch and Senior Vice President and Chief Financial Officer, Vicki Avril. Individuals in the United States or Canada who would like to participate should call (800) 822-4794 and use confirmation code 4844934. All other international participants should call (913) 981-4912 and use confirmation code 4844934. The conference call will be webcast live on the Company’s Internet site and can be accessed in the Investor Information, Presentations section. To listen to the live webcast, participants should visit the site at least 15 minutes before the phone conference begins to register, and if necessary, download and install the appropriate audio computer software. The conference call, including the question and answer portion, will also be archived on IPSCO’s web site section for three months. For those who cannot participate in the scheduled call, a recording of the conference call will be available by phone through to Monday, February 13, 2006. Individuals can access the recording by dialing (719) 457-0820 and entering the confirmation code 4844934. IPSCO operates steel mills at three locations and pipe mills at six locations in Canada and the United States. As a low cost North American steel producer, IPSCO has a combined annual steel making capacity of 3,500,000 tons and provides further processing at its five cut-to-length lines located in both the U.S. and Canada. The Company’s tubular facilities produce a wide range of tubular products including line pipe, oil and gas well casing and tubing, standard pipe and hollow structurals. Company Contact: Tom Filstrup Director of Investor Relations Tel. 630-810-4772 Release 06-01