Corporacion Durango, S.A. de C.V. Announces an Offering of Senior
      Notes and its Intention to Offer to Purchase for Cash Any and All of
            the Company's Outstanding 12 5/8% Senior Notes due 2003


     Durango,  Mexico June 7, 2002 - Corporacion  Durango,  S.A. de C.V.  (NYSE:
CDG; BMV: CODUSA)  ("Durango" or the "Company'),  one of the largest  integrated
paper producers  based in Latin America,  today announced that it is offering to
sell  US$175,000,000  of its unsecured  senior notes.  The notes are expected to
have a seven-year maturity and will rank equally with the other unsecured senior
indebtedness of Durango.

     Durango  intends to use the net proceeds of the offering to purchase all of
its  outstanding  12 5/8%  Senior  Notes due 2003 (the  "2003  Notes")  that are
validly  tendered  in a cash  tender  offer  that  Durango  intends  to  conduct
concurrently with the offering as described below, to repay short- and long-term
debt and to pay the expenses of the tender offer and the offering.

     The notes to be offered have not been and will not be registered  under the
U.S.  Securities Act of 1933, as amended (the  "Securities  Act") and may not be
offered  or sold in the  United  States  absent  registration  or an  applicable
exemption from the  registration  requirements  of the Securities Act. The notes
will be offered to qualified  institutional  buyers pursuant to Rules 144A under
the Securities Act of 1933 and to non-U.S.  persons under Regulation S under the
Securities Act.

     Durango  also  announced  today that it intends to  commence a cash  tender
offer for any and all of the  US$121,710,000  aggregate  principal amount of the
Company's outstanding 2003 Notes on Monday, June 10, 2002. The tender offer will
be made upon the terms and subject to the  conditions  set forth in the Offer to
Purchase to be distributed when the offer commences (the "Offer to Purchase").

     This  announcement is neither an offer to purchase nor a solicitation of an
offer to sell the 2003 Notes. The offer is made only by the Offer to Purchase.

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