- 2008 First Quarter results to be released before markets open on Monday, May 12, 2008 -

TAMPA, FL, April 28 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation(NYSE: GNA) (TSX: GNA.TO) will host a conference call to discuss its 2008first quarter financial results for the three-month period ending March 31,2008. The Company invites all interested parties to participate.

    DATE:               Monday, May 12, 2008
    TIME:               9:00 a.m., Eastern Time. Please call in 15 minutes                        prior to start time to secure a line.
    DIAL-IN NUMBER:     416-644-3423 or 1-800-595-8550
    REFERENCE NUMBER:   21270680 followed by the number sign
    LIVE WEBCAST:       www.gerdauameristeel.com. Please connect to this Web                        site at least 15 minutes prior to the conference call                        to ensure adequate time for any software download                        that may be needed to hear the webcast.
    TAPED REPLAY:       416-640-1917 or 877-289-8525 Available until Monday,                        May 19, 2008 at midnight.

Mario Longhi, President and CEO of Gerdau Ameristeel, and Barbara Smith,Vice President and CFO, will co-chair the call. A question-and-answer sessionwill follow, at which time the operator will direct participants as to thecorrect procedure for submitting questions.

About Gerdau Ameristeel

Gerdau Ameristeel is the second largest mini-mill steel producer in NorthAmerica with annual manufacturing capacity of approximately 12 million tons ofmill finished steel products. Through its vertically integrated network of 19mini-mills (including one 50% owned joint venture mini-mill), 19 scraprecycling facilities and 65 downstream operations, Gerdau Ameristeel servescustomers throughout North America. The company's products are generally soldto steel service centers, steel fabricators, or directly to original equipmentmanufactures for use in a variety of industries, including construction,cellular and electrical transmission, automotive, mining and equipmentmanufacturing. The common shares of Gerdau Ameristeel are traded on the NewYork Exchange, and the Toronto Stock Exchange under the symbol GNA.

SOURCE Gerdau Ameristeel Corporation