Mr. Darren Hall reports

EQUINOX GOLD REPORTS 176,836 OUNCES OF GOLD PRODUCTION IN Q2 2026, CANADIAN GOLD PRODUCTION INCREASED 11% QUARTER-OVER-QUARTER

Equinox Gold Corp. produced results for the three months ended June 30, 2026 (Q2), and has provided 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 sequentially higher production at its Canadian operations with 97,273 ounces (oz) of combined gold production from Greenstone and Valentine, contributing to consolidated quarterly production of 176,836 ounces. Production from our Canadian operations continues to steadily increase with notable performance indicators highlighting progress in the ramp-up of our two long-life, Canadian mines. The team's continued focus on operational execution and optimization is delivering results at both Greenstone and Valentine as we move into what we expect to be a stronger second half of the year.

"At Greenstone, mining rates averaged more than 199,000 tonnes per day following the winter months, while mill throughput averaged 26,856 tonnes per day. Importantly, we continue to see a growing number of days operating above nameplate capacity, with 69 per cent of days exceeding 27,000 tonnes per day compared to 51 per cent in the first quarter. This trend is anticipated to continue into the second half of the year resulting in expected higher production quarter over quarter for the balance of the year. At Valentine, the process plant averaged 7,730 tpd, or 113 per cent of nameplate. We expect to see increasing production in the second half of the year, driven by higher mill feed grades and continued strong plant performance, with phase 2 mill expansion early works expected to begin during H2 2026.

"The quarter also marked two important strategic milestones. We announced our proposed business combination with Orla Mining, which we believe will create a premier North American gold producer with approximately 1.1 million ounces of expected annual gold production in 2026, a funded pathway to approximately 1.9 million ounces of annual production over time, and a portfolio of high-quality, long-life assets capable of generating meaningful free cash flow and long-term value for shareholders.

"We also secured 20-year land access agreements with the three communities that host the multimillion-ounce Los Filos mine, a significant step towards the unlocking of value of this high-quality long-term growth asset in our portfolio. In addition to securing long-term land access, we established a new framework governing labour and supply services that reflects a more disciplined, transparent and sustainable operating model. We have initiated restart planning while advancing technical work to optimize the operation, including evaluating a right-sized carbon-in-leach development scenario. We believe Los Filos has the potential to become another high-quality, cornerstone asset within our portfolio and a meaningful contributor to Equinox Gold's long-term growth.

"As we move into the second half of 2026, our priorities remain clear: continue delivering operational improvements at Greenstone and Valentine, advance and close the proposed combination with Orla Mining, progress the restart and long-term development plans for Los Filos, and execute on the organic growth opportunities across our portfolio. We believe these initiatives position Equinox Gold to continue strengthening its operating performance while creating substantial long-term value for shareholders."

Highlights

• Produced 176,836 ounces (oz) of gold during Q2, including 64,656 oz from Greenstone, 32,617 oz from Valentine, 18,572 oz from Mesquite, 59,476 oz from Nicaragua and 1,515 oz from Castle Mountain.
• Consolidated year-to-date gold production of 374,464 oz keeping the company on track to achieve its 2026 gold production guidance of 700,000 to 800,000 oz.
• Announced a business combination with Orla Mining to create North America's new senior gold producer with approximately 1.1 million ounces of expected annual gold production in 2026 anchored by three Canadian gold mines, and a path toward more than 1.9 million ounces of annual gold production from an internally funded North American growth pipeline (see May 13, 2026, news release).
• Secured 20-year land access agreements with all three communities at Los Filos and initiated restart activities (see June 25, 2026, news release).

Q2 2026 conference call details

Equinox Gold will release its unaudited financial and operating results for the three and six months ended June 30, 2026, on Wednesday, Aug. 5, 2026, after market close. The company will host a conference call and webcast to discuss the results on Thursday, Aug. 6, 2026, commencing at 7 a.m. PT (10 a.m. ET). The webcast will be available for replay on Equinox Gold's website until Feb., 2027.

Conference call

Toll-free in U.S. and Canada:  1-833-752-3366

International callers:  1-647-846-2813

Special meeting of shareholders to be held on July 22, 2026

Equinox Gold will hold its special meeting of shareholders on Wednesday, July 22, 2026, commencing at 9 a.m. PT. At the meeting, Equinox Gold shareholders will be asked to vote on an ordinary resolution authorizing and approving the issuance of up to 421,770,377 common shares of Equinox Gold in connection with the proposed acquisition by the company of all the outstanding common shares of Orla Mining (Toronto Stock Exchange: OLA, New York Stock Exchange-American: ORLA). Under the terms of the agreement, each Orla share will be exchanged for 1.00 Equinox Gold common share and 0.01 U.S. cent in cash. The deadline for voting by proxy is 9 a.m. (Vancouver time) on July 20, 2026.

Meeting materials have been mailed to shareholders and can also be downloaded at the Equinox website and from Equinox Gold's profile on SEDAR+ and EDGAR (see June 23, 2026, news release). 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 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.

Shareholder questions and voting assistance

Equinox Gold has retained Laurel Hill Advisory Group to assist with shareholder communications and proxy solicitation in connection with the meeting. If you have any questions before the meeting about the proposed acquisition, Equinox Gold, the meeting materials or the voting process, please contact Laurel Hill by calling 1-877-452-7184 (North America toll-free) or 1-416-304-0211 (international), by texting "info" to either 1-877-452-7184 or 1-416-304-0211, or by e-mail at assistance@laurelhill.com.

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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