IPSCO To Webcast Shareholder Meeting

Lisle, Illinois, May 2, 2006 - IPSCO Inc. (NYSE/TSX:IPS) will provide a live webcast of its 2006 Annual Shareholder Meeting on Thursday, May 4 at 11:00 am ET. The meeting will be hosted by Board Chairman, Burton Joyce and include a presentation by IPSCO President and Chief Executive Officer, David Sutherland.

Investors and interested persons may access the webcast through IPSCO’s web site at www.ipsco.com. For those unable to participate during the live webcast, the meeting will be made available through the “Investors Information” section of the Company’s web site.

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
tfilstrup@ipsco.com
Release 06-10