An anonymous director reports

EQUINOX GOLD ISSUES $9.66 MILLION CONVERTIBLE NOTES TO PACIFIC ROAD RESOURCES FUNDS

Equinox Gold Corp. has issued approximately $9.66-million in convertible notes to funds managed by Pacific Road Resources Funds, pursuant to Pacific Road's pre-existing non-dilution right related to an investment agreement dated May 7, 2015. The notes mature April 12, 2024, bear interest at a fixed rate of 5 per cent per year, payable quarterly in arrears, and are convertible at the holder's option into common shares of the company at a conversion price of $1.05 per share. These are the same terms as the company's previously announced issuance of $130-million in convertible notes to Mubadala Investment Co.

All amounts are in U.S. dollars unless otherwise indicated.

The company intends to use the proceeds from the notes for general corporate and working capital purposes. The notes, and the shares into which the notes are convertible, are subject to a hold period of four months plus one day, in accordance with applicable Canadian securities laws.

Pacific Road is a long-term supportive shareholder of Equinox Gold, having made its initial investment in 2015 to support the restructuring of the balance sheet and redevelopment of Equinox Gold's Aurizona gold mine. Pacific Road remains supportive of the company's growth agenda and its focus on financial, social and environmental responsibility.

About Equinox Gold Corp.

Equinox Gold is a Canadian mining company with a multimillion-ounce gold reserve base, gold production from its Mesquite gold mine in California, and near-term production from past-producing mines in Brazil and California. Commissioning is under way at the company's Aurizona gold mine in Brazil, and the company is advancing its Castle Mountain gold mine in California.

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