Mr. Darren Hall reports

EQUINOX GOLD DELIVERS STRONG FIRST QUARTER WITH 197,628 OUNCES OF GOLD PRODUCTION, $990 MILLION OF DEBT REDUCTION AND INAUGURAL DIVIDEND PAYMENT

Equinox Gold Corp. has released its production results for the three months ended March 31, 2026, along with an update on operations at its two Canadian cornerstone assets: Valentine gold mine in Newfoundland and Labrador and Greenstone gold mine in Ontario. All dollar figures are in United States dollars unless otherwise noted.

Darren Hall, chief executive officer of Equinox Gold, commented: "Equinox Gold delivered a strong first quarter, producing 197,628 ounces (oz) of gold, including 87,402 oz from our two Canadian operations. Canadian production is expected to be weighted to the second half of the year as the assets continue to ramp-up, supported by steady contributions from Nicaragua and Mesquite. Together, our operations are expected to generate strong cash flow in the current gold price environment, supporting the implementation of a two-pronged capital return program.

"At Greenstone, improvement programs initiated in 2025 continue to deliver positive results with winter mining rates averaging 180,248 tonnes per day (tpd), consistent with expectations and Q4 2025 performance. Q1 2026 mill throughput averaged 24,544 tpd, with 51 per cent of days exceeding nameplate capacity (27,000 tpd) compared to 36 per cent in Q4 2025. The team is focused on continued optimization and unlocking further value from the asset, consistent with the long-term profile outlined in the updated technical report.

"Valentine continues to ramp-up well with the process plant averaging 6,192 tpd, or 90 per cent of nameplate capacity (6,850 tpd) for the full quarter, and 101 per cent of nameplate for February and March. We are also actively exploring on the property, following up on the exploration success announced in February, and advancing plans for the phase 2 expansion, which together are expected to increase production and extend the mine life of this cornerstone asset.

"The sale of our Brazil operations, coupled with strong cash flow from our operating mines, allowed us to repay $990-million of debt during the quarter. With a strengthened balance sheet and confidence in our long-term outlook, we paid our first dividend of 1.5 cents per share on March 26, 2026.

"Across the portfolio, we are advancing exploration to support organic growth, while progressing technical studies at both Castle Mountain and Los Filos, which together have the potential to contribute more than 450,000 ounces of additional annual production when in operation.

"Delivering meaningful, long-term shareholder value through operational excellence, disciplined capital allocation and successful execution of organic growth opportunities remains our north star. We appreciate the support of our team and our shareholders as we work together to build a leading, Americas-focused gold producer."

Q1 2026 highlights

• Produced 197,628 ounces of gold, including 60,338 ounces from Greenstone, 27,064 oz from Valentine, 13,174 oz from Mesquite, 81,280 oz from Nicaragua, 13,473 oz from Brazil and 2,299 oz from Castle Mountain.
• Resource expansion and discovery drilling continues across the portfolio:
  • Announced the new high-grade Minotaur gold discovery at Valentine, eight kilometres north of the mill, and continued to identify consistent gold mineralization in the Frank zone, along trend from existing mineral reserves.
• Canadian production estimated at 543,000 ounces per year from 2026 to 2036 based on new technical reports (see March 30, 2026, news release):
  • Greenstone: Average 320,000 ounces per year; opportunities for mine life extension and production growth from underground mineral resources, near-mine and regional deposits, and mill throughput increase.
  • Valentine: Average 223,000 ounces per year with successful completion of the phase 2 expansion; estimated $414-million capital cost and 24-month construction timeline; expansion to be financed through cash flow and available credit facility; opportunities for mine life extension from Frank zone and future exploration success.

Q1 2026 conference call details

Equinox Gold will release its unaudited financial and operating results for the three months ended March 31, 2026, on Wednesday, May 6, 2026, after market close. The company will host a conference call and webcast to discuss the results on Thursday, May 7, 2026, commencing at 7 a.m. PT (10 a.m. ET). The webcast will be available for replay on Equinox Gold's website until Nov. 7, 2026.

Conference call

Toll-free in the United States and Canada:  1-833-752-3366

International callers:   1-647-846-2813

Annual general meeting details

Equinox Gold will hold its annual general meeting of shareholders on Thursday, May 7, 2026, commencing at 1:30 p.m. PT. Information regarding how to participate in the annual meeting has been distributed to shareholders and is also available for download at the Equinox website. Shareholders who cannot attend the annual meeting in person are invited to join on-line.

Attend in person

Suite 3500, 1133 Melville St., Vancouver, B.C.

Annual filings

Equinox Gold's annual information form, management information circular and other materials related to the annual meeting are available for download on SEDAR+, on EDGAR and on Equinox Gold's website. The company's Form 40-F is available for download on EDGAR.

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.

Qualified person and technical information

The scientific and technical information contained in this news release was approved by Matthew MacPhail, PEng, senior vice-president, business planning and technical services, for Equinox Gold and a qualified person under National Instrument 43-101.

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