IPSCO Year End Conference Call Announcement - Reminder Notice

Lisle, Illinois, January 29, 2007 - IPSCO Inc. (NYSE/TSX:IPS) will release its 2006 year end results at 6:00 am Eastern Time on Monday, February 5, 2007. The Company has scheduled a conference call to discuss its performance with members of the financial community at 10:00 am Eastern Time, on Monday, February 5. Participating in the call will be IPSCO’s 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 in the conference should call (800) 545-9704 and use confirmation code 9864776. All other participants should call (913) 905-1085 and use confirmation code 9864776.

The conference call will be webcast live on the Company’s web site at www.ipsco.com. To listen to the live webcast, participants should visit the site at least 15 minutes before the 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 be archived on IPSCO’s web site under the Investor Information-Presentations section.

For those who cannot participate in the scheduled call, a recording of the conference call will be available by phone through Monday, February 12, 2007. Individuals can access the recording by dialing (888) 203-1112 and entering replay passcode 9864776.

IPSCO is a leading low cost producer of energy tubulars and steel plate in North America with an annual liquid steel making capacity of 4.3 million tons. The Company operates four steel mills, eleven pipe mills, nine product finishing facilities and nine scrap processing centers in 25 geographic locations across the United States and Canada. IPSCO’s pipe mills produce a wide range of seamless and welded energy tubular products including oil & gas well casing and tubing, line pipe, drill pipe, large diameter transmission pipe, standard pipe and hollow structurals. The Company also manufactures premium connections for oil and natural gas drilling and production under its ULTRA™ brand name. IPSCO trades as “IPS” on both the New York and Toronto Stock Exchanges.

Company Contact:
Tom Filstrup
Director, Investor Relations
Tel. 630-810-4772
tfilstrup@ipsco.com

Release 07-04