Mr. Ross Beaty of Equinox Gold reports

EQUINOX GOLD AND LEAGOLD SHAREHOLDERS APPROVE MERGER TO CREATE A PREMIER AMERICAS GOLD PRODUCER

Equinox Gold Corp. shareholders and Leagold Mining Corp. shareholders approved all matters voted on at their respective special meetings of shareholders held on Jan. 28, 2020, approving the transaction announced on Dec. 16, 2019, to combine the companies, creating one of the world's top gold-producing companies operating entirely in the Americas.

Equinox Gold voting results

The transaction was approved by 99.88 per cent of the votes cast by Equinox Gold shareholders, with shareholders holding 51,255,001 shares, or 45.18 per cent of the outstanding shares of the company, present in person or represented by proxy at the meeting.

Resolution                        Votes for    % for   Votes against   % against

Shareholder vote                 51,191,609   99.88%          63,392       0.12%  
Disinterested shareholder vote   37,824,914   99.59%         156,019       0.41%  

Leagold voting results

The transaction was approved by 99.73 per cent of the votes cast by Leagold shareholders, with shareholders holding 212,463,328 shares, or 74.57 per cent of the outstanding shares of the company, present in person or represented by proxy at the meeting.

Resolution                        Votes for    % for   Votes against   % against

Shareholder vote                211,896,563   99.73%         566,765       0.27%  
Securityholder vote             229,692,380   99.75%         566,765       0.25%  
Minority vote                   202,729,813   99.72%         566,765       0.28%  

On closing of the transaction, Leagold shareholders will receive 0.331 of an Equinox Gold share for each Leagold share held. Existing Equinox Gold and Leagold shareholders will own approximately 55 per cent and 45 per cent of the merged company, respectively, on an issued-share basis. The merged company will continue as Equinox Gold with the ticker symbol EQX on both the Toronto Stock Exchange and the NYSE American Stock Exchange. Equinox Gold warrants will continue trading as EQX.WT on the TSX and as EQXWF on the OTC (over-the-counter) markets, with no change to the exercise price or expiration date.

The transaction is expected to close in February, subject to regulatory approvals, including approvals from the TSX and the NYSE American, and other customary conditions.

About Equinox Gold Corp.

Equinox Gold is a Canadian mining company with a multimillion-ounce-gold reserve base and growth potential from three wholly owned gold mines. The company is producing gold from its Mesquite gold mine in California and its Aurizona gold mine in Brazil, and is constructing its Castle Mountain gold mine in California, with the target of pouring gold in the third quarter of 2020.

About Leagold Mining Corp.

Leagold Mining is a mid-tier gold producer with a focus on opportunities in Latin America. Leagold is based in Vancouver, Canada, and owns four operating gold mines in Mexico and Brazil, along with a near-term gold mine restart project in Brazil and an expansion project at the Los Filos mine complex in Mexico.

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