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METHANEX ANNOUNCES FINAL STAGES OF MERGE DISCUSSIONS

 VANCOUVER, British Columbia, Feb. 3 /PRNewswire/ -- Methanex Corp. (NASDAQ: MEOHF, Toronto, Montreal: MX) announced that it is in the final stages of discussion with Fletcher Challenge Ltd. of New Zealand to merge into Methanex their respective methanol assets worldwide. The end result would be the creation of the world's largest methanol marketer and producer.
 The company expects to conclude discussions shortly and will make a detailed announcement at that time.
 -0- 2/3/93
 /CONTACT: Brooke N. Wade or Ronald J. Russell of Methanex, 604-684-7500/
 (MX. MEOHF)


CO: Methanex Corp.; Fletcher Challenge Ltd. of New Zealand ST: British Columbia IN: SU:

KJ -- LA023 -- 2466 02/03/93 13:48 EST
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Publication:PR Newswire
Date:Feb 3, 1993
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