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Methanex Corporation-Notice of Cash Dividend

July 20, 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 20, 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 September 30, 2006 to holders of common shares of record on September 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


Methanex Corporation
Wendy Bach
Director, Investor Relations
(604) 661-2600 or Toll Free: 1-800-661-8851