Mr. Greg Smith reports

EQUINOX GOLD ANNOUNCES FILING AND MAILING OF MEETING MATERIALS FOR THE ANNUAL & SPECIAL MEETING OF SHAREHOLDERS ON APRIL 24, 2025

Equinox Gold Corp. will hold its annual and special meeting of shareholders on April 24, 2025, commencing at 1:30 p.m. Vancouver time, followed by a corporate update commencing at approximately 1:45 p.m.

In addition to electing directors and other annual approvals, at the annual meeting Equinox Gold shareholders will be asked to consider and approve a resolution to issue Equinox Gold common shares pursuant to the business combination with Calibre Mining Corp. as announced on Feb. 23, 2025. Under the terms of the arrangement, each Calibre share will be exchanged for 0.31 of an Equinox Gold common share. If the arrangement is completed, existing Equinox Gold and former Calibre shareholders (including former holders of restricted share units and performance share units of Calibre) will own approximately 63 per cent and 37 per cent, respectively, of the combined company.

Your vote is important, no matter how many Equinox Gold shares you hold. The board of directors of Equinox Gold has unanimously determined that the arrangement is in the best interests of Equinox Gold and recommends that shareholders vote for the arrangement resolution.

Strategic rationale

Combining Equinox Gold and Calibre will create:

• A major diversified gold producer in the Americas: potential for more than 1.2 million ounces of annual gold production1 from a portfolio of mines in five countries in the Americas;
• The second-largest gold producer in Canada: Greenstone gold mine and Valentine gold mine, two new long-life, low-cost, open-pit gold mines, are expected to produce collectively 590,000 ounces of gold per year when at capacity;
• Substantial free cash flow: immediate increase in production at record high gold prices is expected to drive superior free cash flow to enable the combined company to quickly deleverage;
• Exceptional growth profile: additional production growth from the ramp-up of Valentine gold mine and a pipeline of development and expansion projects;
• Significant rerate potential based on valuation of peers: greater-scale, lower-risk, near-term production growth and superior free cash flow relative to peers, providing significant revaluation potential;
• An industry-leading team: proven record of delivery and shareholder value creation led by Ross Beaty, Blayne Johnson and Doug Forster of Featherstone Capital, who will all serve on the board of directors of the combined company. In total, four directors of Calibre will serve on the board of directors of the combined company, and Darren Hall, the president and chief executive officer of Calibre, will serve as the president and chief operating officer of the combined company with full responsibility of the combined operations going forward.

Meeting materials

Equinox Gold's management information circular, which includes additional information regarding the background to and anticipated benefits of the arrangement, the business of the annual meeting, and instructions for participating in the annual meeting and the voting process (meeting materials), is being distributed to shareholders. Upon receipt of the meeting materials, which contain personalized voting information, shareholders can vote their shares on-line, by telephone or by mail, or can attend the annual meeting and vote in person. Shareholders who cannot attend in person are invited to join an on-line webcast; however, the webcast is being provided for viewing purposes only. There will be no ability to vote via the webcast.

Attend in person

Suite 200, 1133 Melville St., Vancouver, B.C.

Attend on-line through the company website

The meeting materials can be downloaded at the company website and from Equinox Gold's profile on SEDAR+ and on EDGAR. Shareholders may request that printed copies of the meeting materials be mailed to them at no cost by contacting the company by phone at 1-833-EQX-GOLD (1-833-379-4653) (North America) or 1-604-558-0560 (international), or by e-mail at info@equinoxgold.com.

Shareholder questions and voting assistance

Shareholders can submit questions in advance about Equinox Gold, the annual meeting or the voting process using the submit a question form on the company's dedicated meeting site. The deadline for voting by proxy is 1:30 p.m. (Vancouver time) on April 22, 2025.

Advance ruling certificate and conditions of closing

The company is pleased to advise that on March 25, 2025, Equinox Gold received an advance ruling certificate that satisfies the Canadian competition approval closing condition for the arrangement. In addition to shareholder and court approvals, the arrangement is subject to applicable regulatory approvals, including both Canadian (received) and Mexican competition authorization, approval of the listing of the Equinox Gold common shares to be issued pursuant to the arrangement on the Toronto Stock Exchange and NYSE American Exchange, and the satisfaction of certain other closing conditions customary for a transaction of this nature. Subject to the satisfaction of such conditions, the arrangement is expected to close in the next several months and in any event by the end of Q3 2025.

Annual filings

The company has filed its annual information form and its annual Report on form 40-F for the year ended Dec. 31, 2024. The annual information form is available for download on SEDAR+, on EDGAR and on Equinox Gold's website. The form 40-F is available for download on EDGAR.

We seek Safe Harbor.