Mr. Greg Smith reports

EQUINOX GOLD ANNOUNCES BOUGHT DEAL OFFERING OF CONVERTIBLE SENIOR NOTES

Equinox Gold Corp. has entered into an agreement with BMO Capital Markets, on behalf of itself and the other initial purchasers, pursuant to which the initial purchasers have agreed to buy, on a bought deal basis, 4.75 per cent unsecured convertible senior notes due 2028 in an aggregate principal amount of $150-million. The company has granted the initial purchasers an option for a period of 30 days to purchase up to an additional $22.5-million aggregate principal amount of notes. The notes will be issued at par value. All dollar amounts shown in United States dollars, unless otherwise indicated.

The company intends to use net proceeds of the offering for repayment of debt and for general corporate purposes.

The notes will bear cash interest semi-annually at a rate of 4.75 per cent per annum. The initial conversion rate for the notes will be 158.7302 common shares of Equinox Gold per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $6.30 per share. The initial conversion rate represents a premium of approximately 20 per cent relative to today's closing sale price of shares and is subject to adjustment in certain events.

Equinox Gold will have the right to redeem the notes in certain circumstances and holders will have the right to require Equinox Gold to repurchase their notes upon the occurrence of certain events.

The offering is expected to close, subject to customary closing conditions, on or about Sept. 21, 2023.

We seek Safe Harbor.