Mr. Darren Hall reports

EQUINOX GOLD ACHIEVES COMMERCIAL PRODUCTION AT VALENTINE GOLD MINE, DRIVING CANADIAN GOLD PRODUCTION GROWTH INTO 2026

Equinox Gold Corp. has obtained commercial production at its 100-per-cent-owned Valentine gold mine in Newfoundland and Labrador, Canada.

Darren Hall, chief executive officer of Equinox Gold, commented: "Achieving commercial production at Valentine marks an important milestone as we expand our Canadian operations. The operation is performing well, with plant availability, throughput and recoveries exceeding commissioning period expectations. I'm incredibly proud of the team for responsibly and efficiently ramping up production ahead of schedule.

"For the last 60 days, the Valentine process plant averaged 5,451 tonnes per day (tpd), representing 80 per cent of nameplate capacity of 6,850 tpd, with gold recovery averaging over 93 per cent on lower-grade commissioning feed of 1.2 grams per tonne gold.

"Valentine is expected to deliver into the higher end of our Q4 production range of 15,000 to 30,000 ounces of gold. With the ramp-up firmly on track, I anticipate Valentine will reach nameplate capacity by Q2 2026, resulting in 150,000 to 200,000 ounces of gold produced in 2026. Concurrently we are advancing phase 2 studies that could increase mill throughput to five million tonnes per year, doubling the current nameplate capacity and up from four million tonnes in the 2022 feasibility study."

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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