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Opinion Letter Re: Registration Statement on Form S-8

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Title:

Opinion Letter Re: Registration Statement on Form S-8

Entities:

Methanex Corp.

Date:

2004

Size:

2KB total

Price:

$39

ID:

#223562

► Legal ► Opinion Letters ► Opinion Letters Re: Registration Statements
► Commodities ► Chemical Manufacturing

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                                    EXHIBIT 5

                        OPINION OF MCCARTHY TETRAULT LLP



                                                                February 6, 2004



Securities and Exchange Commission

450 Fifth Street NW

Washington, DC 20549



Dear Sirs:



         Re:  Registration Statement on Form S-8 of Methanex Corporation



         We have acted as Canadian counsel to Methanex Corporation (the

"Company") in connection with the filing of the above-referenced Registration

Statement relating to the registration of common shares of the Company (the

"Shares") issuable upon the exercise of options granted or to be granted under

the Methanex Corporation Stock Option Plan 2002 (the "Plan"). In connection

therewith, we have considered such questions of law and have examined and relied

upon such resolutions, records, certificates of public officials and officers of

the Company and other documents deemed necessary or appropriate to enable us to

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