July 16, 2018 – Vancouver, British Columbia – Equinox Gold Corp. (TSX-V: EQX, OTC: EQXGF) is pleased to announce the results of the prefeasibility study (“PFS”) for its 100% owned Castle Mountain Gold Mine (“Castle Mountain”) located in California, USA. The PFS contemplates a low-cost heap leach gold mine with 3.6 million ounces of gold reserves that will produce 2.8 million ounces of gold and generate US$865 million in after-tax cash flow over a 16-year mine life.

Castle Mountain will be developed in two phases with annual average gold production of 45,000 ounces over the first three years (“Phase 1”) and annual average gold production of 203,000 ounces from years 4 to 16 (“Phase 2”). Life-of-mine all-in sustaining costs are estimated at US$763/oz, which is in the lowest quartile of the industry. The Project demonstrates strong returns with an after-tax net present value (5% discount rate) of US$406 million and an after-tax internal rate of return of 20% using the base case gold price of US$1,250/oz.

Equinox Gold will host a webcast and conference call at 8:00am PT (11:00am ET) on July 17, 2018 to present the PFS results