VANCOUVER, BRITISH COLUMBIA—(Marketwire – March 9, 2009) – Methanex Corporation (TSX:MX)(NASDAQ:MEOH)(SANTIAGO:Methanex)announced today that Bruce Aitken, President and Chief Executive Officer, plans to purchase up to 40,000 additional Methanex common shares. The purchase is expected to occur between March 16th and the end of May 2009 through the facilities of the Toronto Stock Exchange.

Methanex has in place Share Ownership Guidelines under which Mr. Aitken is required to hold Methanex common shares and share equivalents having a value of at least five times his base salary. Subsequent to this intended purchase, Mr. Aitken will hold approximately 415,000 Methanex common shares or share equivalents and continue to hold in excess of the Share Ownership Guidelines.

This announcement is being made by way of press release in keeping with a Methanex governance policy that requires intended transactions in Methanex securities by the President and CEO of Methanex to be publicly disclosed no less than five business days in advance of the intended transaction. Ownership and trading history of Methanex securities by Methanex insiders is publicly available and may be viewed at www.sedi.ca.

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.

Jason Chesko
Director, Investor Relations
Methanex Corporation
604 661 2600 or Toll Free: 1 800 661 8851
Website: www.methanex.com