Methanex Enters Into A Settlement Agreement With Argentina Gas Supplier

Methanex Enters Into A Settlement Agreement With Argentina Gas Supplier 
FOR: Methanex Corporation 
MAY 2, 2014 
Methanex Enters Into A Settlement Agreement With Argentina Gas Supplier 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2014) - Methanex Corporation
(TSX:MX)(NASDAQ:MEOH), via its wholly owned subsidiary Methanex Chile S.A., has
reached an agreement with Total Austral S.A. of Argentina in relation to
Total's natural gas delivery obligations pursuant to a long-term natural
gas supply agreement between the two companies. Total will make a lump sum
payment of US$42 million to Methanex in order to terminate the agreement and
settle all potential legal disputes thereunder. 
John Floren, President and CEO of Methanex, said, "We are pleased to have
reached an agreement with Total, and we believe that the settlement represents
fair value for Methanex shareholders. We will continue to focus our efforts in
Chile on realizing full value from our remaining assets including
non-performing natural gas contracts. Mr. Floren continued, "We have a
first class operation in Chile and remain optimistic that we can continue to
operate in the region, supported by gas supplies from both Chile and
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 Market in the
United States under the trading symbol "MEOH". Methanex can be
visited online at 
This press release contains forward-looking statements with respect to us and
our industry. Statements that include the words "will",
"can", or other comparable terminology and similar statements of a
future or forward-looking nature identify forward-looking statements. 
More particularly and without limitation, any statements regarding the
following are forward-looking statements: 
--  Methanex's ability to continue to operate its remaining Chile plants in 
the foreseeable future 
--  Methanex's ability to secure gas to support its operations in Chile 
--  Methanex's ability to realize future value from its existing Chilean 
We believe that we have a reasonable basis for making such forward-looking
statements. The forward-looking statements in this document are based on our
experience, our perception of trends, current conditions and expected future
developments as well as other factors. Certain material factors or assumptions
were applied in drawing the conclusions or making the forecasts or projections
that are included in these forward-looking statements, including, without
limitation, future expectations and assumptions concerning the following:  
--  Availability in the future of gas supply in southern Chile and Argentina 
on commercially acceptable terms 
However, forward-looking statements, by their nature, involve risks and
uncertainties that could cause actual results to differ materially from those
contemplated by the forward-looking statements. The risks and uncertainties
primarily include those attendant with producing and marketing methanol and
successfully carrying out major capital expenditure projects in various
jurisdictions, including without limitation those risks described in our 2013
Management's Discussion and Analysis and our First Quarter 2014
Management's Discussion and Analysis. 
Having in mind these and other factors, investors and other readers are
cautioned not to place undue reliance on forward-looking statements. They are
not a substitute for the exercise of one's own due diligence and judgment.
The outcomes anticipated in forward- looking statements may not occur and we do
not undertake to update forward-looking statements except as required by
applicable securities laws. 
Investor Inquiries:
Sandra Daycock
Director, Investor Relations
Methanex Corporation
Media Inquiries:
Baljit Lalli
Manager, Communications
Methanex Corporation 
INDUSTRY:  Chemicals - Commodity Chemicals, Chemicals - Petrochemicals,
Chemicals - Plastics and fibers, Chemicals - Specialty Chemicals, Chemicals -
Wholesalers and Distributors 
-0- May/02/2014 21:00 GMT
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