VANCOUVER, British Columbia, July 14, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (the "Company" or "Methanex") (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a 20% increase in its quarterly dividend to US$0.175 per share from US$0.145 per share. The increased dividend will apply to the dividend payable on September 30, 2022, to holders of common shares of record on September 16, 2022.

John Floren, President & CEO of Methanex, said, "The 20% dividend increase reinforces our commitment to return cash to shareholders and highlights the strong cash flow generation capability of our assets."

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". Methanex can be visited online at www.methanex.com.

Inquiries:

Sarah Herriott

Director, Investor Relations

Methanex Corporation

604-661-2600 or Toll Free: 1-800-661-8851

www.methanex.com

Methanex Corporation Announces a 20% Dividend Increase