Mr. John Floren reports

METHANEX REPORTS HIGHER EARNINGS IN Q2 2015

For the second quarter of 2015, Methanex Corp. had adjusted EBITDA(1) (earnings before interest, taxes, depreciation and amortization) of $129-million and adjusted net income(1) of $51-million (56 cents per share on a diluted basis(1)). This compares with adjusted EBITDA(1) of $97-million and adjusted net income(1) of $21-million (23 cents per share on a diluted basis(1)) for the first quarter of 2015. Net income attributable to Methanex shareholders was $104-million in the second quarter, compared with $9-million in the first quarter of 2015.

John Floren, president and chief executive officer of Methanex, commented: "Our second quarter adjusted net income reflects higher average realized methanol pricing compared to the first quarter of 2015. Prices increased as the margins for most methanol energy applications improved relative to the first quarter, in alignment with higher oil and related product prices. These energy applications, especially methanol-to-olefins, have continued to drive growth in demand for our product. The higher average realized pricing in Q2 was partially offset by lower produced product sales volume relative to the first quarter. Net income attributable to Methanex shareholders of $104-million in the second quarter of 2015 includes a $57-million after-tax gain related to the termination of a terminal services agreement."

Mr. Floren continued: "Construction of our one-million-tonne Geismar 2 plant is proceeding very well, and if the pace achieved to date continues, then we would expect to achieve first methanol by the end of 2015 and complete the project with no change to our total cost estimate. Production from our Geismar 1 facility continued to exceed our expectations, producing 276,000 tonnes during the second quarter of 2015. During the quarter, we also undertook a major refurbishment of our Medicine Hat facility and resumed operations in mid-July. We expect that this refurbishment will support increased production reliability of our plant for years to come.

"We returned over $85-million to shareholders in the second quarter of 2015 in the form of dividends and share repurchases. With cash on hand, an undrawn credit facility, robust balance sheet and strong future cash flow generation capability, we are well positioned to meet our financial commitments, invest to grow the company and return excess cash to shareholders."

A conference call is scheduled for July 30, 2015, at 12 p.m. ET (9 a.m. PT) to review these second quarter results. To access the call, dial the conferencing operator 10 minutes prior to the start of the call at 416-340-8530, or toll-free at 800-769-8320. A playback version of the conference call will be available until Aug. 20, 2015, at 905-694-9451 or toll-free at 800-408-3053. The passcode for the playback version is 4843537. Presentation slides summarizing the second quarter 2015 results and a simultaneous audio-only webcast of the conference call can be accessed from the company's website. The webcast will be available on the website for three weeks following the call.

Note:

1. Adjusted EBITDA, adjusted net income and adjusted net income per common share are non-GAAP (generally accepted accounting principles) measures that do not have any standardized meaning prescribed by GAAP. These measures represent the amounts that are attributable to Methanex shareholders, and are calculated by excluding the mark-to-market effect of share-based compensation as a result of changes in the company's share price and the effect of certain items associated with specific identified events.

                               FINANCIAL AND OPERATIONAL DATA
           (in millions of dollars, except per-share amounts and where noted)

                                             Three months ended          Six months ended

                                     June 30,    March 31,   June 30,   June 30,   June 30,
                                        2015         2015       2014       2015       2014
Production (thousands of tonnes)
(attributable to Methanex
shareholders)                          1,281        1,264      1,216      2,545      2,442
Sales volume (thousands of
tonnes)
Methanex-produced methanol
(attributable to Methanex
shareholders)                          1,203        1,237      1,143      2,440      2,371
Purchased methanol                       813          652        643      1,465      1,297
Commission sales                         109          185        206        294        502
Total sales volume(1)                  2,125        2,074      1,992      4,199      4,170
Methanex average non-discounted
posted price ($ per tonne)(2)            403          382        523        393        569
Average realized price ($ per
tonne)(3)                                350          337        450        344        488
Adjusted revenue (attributable
to Methanex shareholders)(4)         $   696      $   625    $   794    $ 1,321    $ 1,760
Adjusted EBITDA (attributable to
Methanex shareholders)(4)                129           97        160        226        415
Cash flows from operating
activities                                82           37        240        119        419
Adjusted net income
(attributable to Methanex
shareholders)(4)                          51           21         91         72        251
Net income attributable to
Methanex shareholders                    104            9        125        113        270
Adjusted net income per common
share (attributable to
Methanex shareholders)(4)               0.56         0.23       0.94       0.79       2.59
Basic net income per common
share (attributable to Methanex
shareholders)                           1.15         0.09       1.30       1.24       2.81
Diluted net income per common
share (attributable to Methanex
shareholders)                           1.15         0.09       1.24       1.23       2.79

(1) Methanex-produced methanol includes volume produced by Chile using natural gas supplied 
    from Argentina under a tolling arrangement. For the second quarter of 2015, tolling 
    volume was 28,000 tonnes. Commission sales represent volume marketed on a commission 
    basis related to 36.9 per cent of the Atlas methanol facility and 50 per cent of the 
    Egypt methanol facility.
(2) Methanex average non-discounted posted price represents the average of the company's 
    non-discounted posted prices in North America, Europe and Asia Pacific weighted by 
    sales volume. Current and historical pricing information is available on the company's
    website.
(3) Average realized price is calculated as revenue, excluding commissions earned and the 
    Egypt non-controlling interest share of revenue but including an amount representing 
    the company's share of Atlas revenue, divided by the total sales volume of Methanex-
    produced (attributable to Methanex shareholders) and purchased methanol but excluding 
    tolling volume.
(4) These items are non-GAAP measures that do not have any standardized meaning prescribed 
    by GAAP and therefore are unlikely to be comparable with similar measures presented by 
    other companies. Refer to the
     Additional Information - Supplemental Non-GAAP Measures section for a
     description of each non-GAAP measure and reconciliations to the most
     comparable GAAP measures.


                     CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
   (in thousands of U.S. dollars, except number of common shares and per-share amounts)

                                  Three months ended                      Six months ended
                           June 30,          June 30,            June 30,          June 30,
                              2015              2014                2015              2014

Revenue                $   637,799       $   791,310         $ 1,214,538       $ 1,759,788
Cost of sales and
operating expenses        (525,745)         (609,235)         (1,027,716)       (1,318,922)
Depreciation and
amortization               (47,483)          (33,113)            (94,440)          (67,924)
Gain on termination
of terminal
services agreement          65,000                 -              65,000                 -
Argentina gas
settlement                       -            42,000                   -            42,000
Operating income           129,571           190,962             157,382           414,942
Earnings of
associate                    6,714             2,605              16,889             9,896
Finance costs              (17,225)           (9,570)            (38,767)          (20,408)
Finance income and
other expenses               2,591             1,277              (6,568)              914
Income before
income taxes               121,651           185,274             128,936           405,344
Income tax expense
Current                     (2,398)          (27,275)             (8,505)          (53,653)
Deferred                   (17,532)          (19,525)             (6,092)          (44,878)
                           (19,930)          (46,800)            (14,597)          (98,531)
Net income             $   101,721       $   138,474         $   114,339       $   306,813
Attributable to
Methanex
shareholders               104,580           124,784             113,234           269,886
Non-controlling
interests                   (2,859)           13,690               1,105            36,927
                       $   101,721       $   138,474         $   114,339       $   306,813
Income per share
for the period
attributable to
Methanex
shareholders
Basic net income
per common share       $      1.15       $      1.30         $      1.24       $      2.81
Diluted net
income per
common share           $      1.15       $      1.24         $      1.23       $      2.79

We seek Safe Harbor.