Mr. John Floren reports

METHANEX ANNOUNCES BOARD APPROVAL OF A 5% SHARE REPURCHASE PROGRAM

Methanex Corp.'s board of directors has approved a normal course issuer bid (NCIB), whereby the company will purchase for cancellation up to 3,506,405 common shares, representing 5 per cent of the shares issued and outstanding as of Sept. 15, 2022.

The NCIB is subject to approval by the Toronto Stock Exchange (the "TSX"). Purchases pursuant to the NCIB will be made on the open market through the facilities of the TSX and will commence no earlier than September 26, 2022. Any purchases will be made from time to time at the then current market price of the Shares and all Shares purchased under the NCIB will be cancelled. Subject to certain exceptions for block purchases, any daily purchases under the NCIB through the TSX will not exceed 54,902 Shares, representing 25% of the Company's average daily trading volume on the TSX for the six month period ended on August 31, 2022. The Company intends to enter into an automatic securities purchase plan with its broker in connection with purchases to be made under the NCIB.

John Floren, President and CEO of Methanex, commented, "Today's announcement reflects the strength of our balance sheet and builds on our long track record of returning excess cash to shareholders."

Under the NCIB initiated by the Company on September 24, 2021, which completed on July 26, 2022, the Company repurchased for cancellation 3,810,464 Shares through the facilities of the NASDAQ Global Select Market and alternative trading systems in the United States at a weighted average price of US$47.83, and 2,283,707 Shares through the facilities of the TSX at a weighted average price of CAD$56.14.

Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and 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" and on the NASDAQ Global Select Market in the United States under the trading symbol "MEOH".

We seek Safe Harbor.