Mr. Ryan King reports

EQUINOX GOLD ANNOUNCES AGREEMENT TO DIVEST NON-CORE NEVADA ASSETS FOR US$115 MILLION

Equinox Gold Corp. is selling its 100-per-cent interest in the Pan mine, Gold Rock project and Illipah project, located in Nevada, to Minera Alamos Inc. for $115-million (U.S.), payable on closing as: cash consideration of $90-million (U.S.); and equity consideration worth $25-million (U.S.) in the form of Minera Alamos common shares, representing no more than 9.99 per cent pro forma ownership on an issued and outstanding basis.

Darren Hall, chief executive officer of Equinox Gold, commented: "The sale of our non-core Nevada assets reflects our commitment to portfolio optimization and disciplined capital allocation. This transaction simplifies our business and allows the team to focus our efforts and capital on core operations and key development opportunities, positioning Equinox Gold to drive greater shareholder returns. The $90-million (U.S.) in cash proceeds will strengthen our balance sheet and the significant equity ownership will provide continued exposure to the upside within the Nevada assets, as well as to Minera Alamos's existing high-quality portfolio."

In the event the equity portion of the consideration represents more than a 9.99-per-cent interest in Minera Alamos, the cash payment to Equinox Gold will be increased such that Equinox Gold does not own more than 9.99 per cent of Minera Alamos shares issued and outstanding at closing. The transaction is expected to close in the fourth quarter of 2025, subject to receipt of all regulatory and stock exchange approvals and other customary closing conditions.

Advisers and Counsel

Trinity Advisors Corp. is acting as financial adviser to Equinox Gold. Blake, Cassels & Graydon LLP is acting as legal adviser to Equinox Gold.

About Equinox Gold Corp.

Equinox Gold is a Canadian mining company positioned for growth with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Founded and chaired by renowned mining entrepreneur Ross Beaty and guided by a seasoned leadership team with broad expertise, the company is focused on disciplined execution, operational excellence and long-term value creation. Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to growth.

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