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The Mexico Fund, Inc. Announces Election of Officers

The Fund Strongly Recognizes José Luis Gómez Pimienta for His Service as President and Chief Executive Officer

WASHINGTON, DC -- (Marketwired) -- 03/21/14 -- The Mexico Fund, Inc. (NYSE: MXF) announced today that the Board of Directors ("Board") of the Fund has elected the following individuals to serve as officers of the Fund:

Alberto Osorio
President and Chief Executive Officer (CEO)

Alberto Gómez Pimienta

Eduardo Solano
Investor Relations Vice President

Carlos H Woodworth
Chief Compliance Officer (CCO)

Samuel García-Cuéllar

Sander M Bieber
Assistant Secretary

Lisa R Price
Assistant Secretary

Mr. Osorio succeeds José Luis Gómez Pimienta as President and Chief Executive Officer of the Fund.

Effective April 1, 2014, Mr. Osorio will also succeed Mr. Gómez Pimienta as Chairman of the Board and Chief Executive Officer of Impulsora del Fondo México, S.C. ("Impulsora"), the Fund's investment adviser. Mr. Osorio has served as Director General Adjunto (Deputy Director) of Impulsora since 2008, and has been an employee of Impulsora since 1991.

The Board wishes to strongly recognize and congratulate José Luis Gómez Pimienta for his invaluable contributions as President and Chief Executive Officer of the Fund, and as Chief Executive Officer of Impulsora, since the Fund's inception in June 1981. Mr. Gómez Pimienta will continue to serve as a Director of the Fund as well as President Emeritus of Impulsora.

For further information, contact the Fund's Investor Relations office at 011-52-55-5282-8900, or by email at [email protected].

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.

Eduardo Solano
The Mexico Fund, Inc.

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

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