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Methanex Corporation-Notice of Cash Dividend

November 28, 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 28, 2006) - Methanex Corporation (TSX:MX)(NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.125 per share that will be payable on December 31, 2006 to holders of common shares of record on December 18, 2006.

Methanex is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq Global Market in the United States under the trading symbol "MEOH". Methanex can be visited online at www.methanex.com.



FOR FURTHER INFORMATION PLEASE CONTACT:


Methanex Corporation
Jason Chesko
Director, Investor Relations
(604) 661-2600
Website: www.methanex.com