The Mexico Fund, Inc. Announces Composition of 2012 Distributions

WASHINGTON, DC -- (Marketwire) -- 01/16/13 -- The Mexico Fund, Inc. (NYSE: MXF) announced today that the four distributions corresponding to the fiscal year 2012, which together totaled $2.4142 per share, were comprised of $0.1498 net investment income, $0.0210 short-term capital gains and $2.2434 long-term capital gains, as shown in the following table. The Fund will send stockholders a Form 1099-DIV for the 2012 calendar year informing them of how to report these distributions for federal income tax purposes.



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                 Net Investment    Short-term       Long-term
  Payment Date       Income       Capital Gains   Capital Gains     Total
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April 24, 2012          -               -            $0.5960       $0.5960
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July 26, 2012           -               -            $0.5960       $0.5960
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October 25, 2012        -               -            $0.5960       $0.5960
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January 17, 2013     $0.1498         $0.0210         $0.4554       $0.6262
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      Total          $0.1498         $0.0210         $2.2434       $2.4142
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For further information, contact Eduardo Solano, the Fund's Investor Relations Vice President, at 011-52-55-5282-8900, or by email at investor-relations@themexicofund.com.

The Mexico Fund, Inc. is a non-diversified closed-end management investment company with the investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The Fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.

This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Fund's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Fund's filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Fund undertakes no obligation to release publicly any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by The Mexico Fund or any other person that the events or circumstances described in such statement are material.

CONTACT:
Eduardo Solano
The Mexico Fund, Inc.
011-52-55-5282-8900

Patricia Baronowski
Pristine Advisers, LLC
(631) 756-2486