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Press release from Marketwire

Methanex Issues A Statement Regarding Its Egypt Operations

Monday, November 14, 2011

Methanex Issues A Statement Regarding Its Egypt Operations08:54 EST Monday, November 14, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2011) - Methanex Corporation (TSX:MX)(NASDAQ:MEOH)(SANTIAGO:Methanex) issued the following statement today regarding the status of its operations in Egypt.Bruce Aitken, President and CEO of Methanex, stated, "Following recent unrest that has affected various industries in Damietta, Egypt, we have made the decision to shut down the methanol plant. We do not believe that EMethanex is the focus of the unrest. Our immediate priority remains the safety and security of our employees and contractors. We are confident that we are positioned to restart the plant in a timely manner once order has been restored to the area."Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX"; on the NASDAQ Global Market in the United States under the trading symbol "MEOH"; and on the Foreign Securities Market of the Santiago Stock Exchange in Chile under the trading symbol "Methanex". Methanex can be visited online at www.methanex.com.FOR FURTHER INFORMATION PLEASE CONTACT: Jason CheskoMethanex CorporationDirector, Investor Relations604 661 2600 or Toll Free: 1 800 661 8851www.methanex.com