Agrium reports first quarter results, expects strong second quarter (2006)

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Agrium reports first quarter results, expects strong second quarter (2006)

Release Date: 5/5/2006

ALL AMOUNTS ARE STATED IN U.S.$

CALGARY, Alberta -- Agrium Inc. (TSX and NYSE: AGU) announced today a net loss for the first quarter of 2006 of $48-million ($0.37 diluted loss per share), down from net earnings of $24-million ($0.18 diluted earnings per share) for the same period in 2005.

Contact:
Investor/Media Relations:
Richard Downey
Senior Director, Investor Relations
Phone: (403) 225-7357

Christine Gillespie
Manager, Investor Relations
Phone: (403) 225-7437