Mr. Greg Smith reports

EQUINOX GOLD COMPLETES US$299 MILLION BOUGHT DEAL FINANCING

Equinox Gold Corp. has closed its bought-deal public offering of 56,419,000 common shares of the company, including 7,359,000 common shares issued pursuant to the full exercise of the underwriters' (as defined below) overallotment option, at a price of $5.30 (U.S.) per common share for aggregate gross proceeds of $299,020,700 (U.S.). The offering, announced on April 23, 2024, was conducted by a syndicate of underwriters led by BMO Capital Markets, National Bank Financial Inc. and Scotiabank as joint book runners (the lead underwriters), and including ING Bank NV, CIBC World Markets Inc., Merrill Lynch Canada Inc., Desjardins Securities Inc., RBC Dominion Securities Inc., TD Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc. and Haywood Securities Inc. (together with the lead underwriters, the underwriters).

The company intends to use the net proceeds of the offering to finance a portion of the cash consideration to acquire the remaining 40 per cent of the Greenstone mine, as announced on April 23, 2024, and for general working capital and corporate purposes, including repayment of certain indebtedness.

About Equinox Gold Corp.

Equinox Gold is a growth-focused Canadian mining company with seven operating gold mines, commissioning under way at a new mine and a plan to achieve more than one million ounces of annual gold production by advancing a pipeline of expansion projects. Equinox Gold's common shares are listed on the Toronto Stock Exchange and the NYSE American under the trading symbol EQX.

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