Equinox Gold Increases Mesquite Mineral Resources

VANCOUVER - Equinox Gold Corp. has completed a reported an updated mineral reserve and resource estimate for its Mesquite Gold Mine in California. The company completed the acquisition of Mesquite on October 30, 2018. To comply with certain regulatory requirements in connection with the acquisition, Equinox Gold engaged AGP Mining Consultants Inc. (AGP) to complete a reserve and resource update and an associated National Instrument 43-101 (NI 43-101) technical report for the project. Life of mine gold production from current reserves of 682,800 ounces over 3.25 years of mining and an additional three years of residual leaching.The increase in M&I Mineral Resources is primarily the result of using a higher gold price ($1,400 from $1,375) in the estimation and including the Rainbow Zone, the eastern extent of the Mesquite mineral resource. The Mesquite economics outlined in the technical report do not include near-term production potential from mineralized dumps and leach pads from historical operations that Equinox Gold is currently testing, as discussed in section 24 of the technical report, or exploration opportunities.

The company’s address is Suite 730, 800 West Pender St., Vancouver, BC V6C 2V6, (604) 558-0560, www.equinoxgold.com.