July 24, 2018 – Vancouver, BC – Equinox Gold Corp. (TSX-V: EQX, OTC: EQXGF) (“Equinox Gold” or the “Company”) is pleased to provide an update on construction progress at its Aurizona Gold Mine in Brazil (“Aurizona”). All dollar amounts are in US dollars. Construction remains on budget and on schedule to pour gold by late 2018 with the expectation of producing on average 136,000 ounces of gold per year.

Construction and Mining Progress

Stockpiling of ore commenced on July 18
New SAG and ball mills have been delivered to site and installation is underway
Overall project is 60% complete
Concrete work is 82% complete
Plant construction is 51% complete
EPCM (engineering, procurement and construction management) activities are 75% complete
Engineering is complete
Construction progress at Aurizona is documented in a photo gallery on Equinox Gold’s website at www.equinoxgold.com and a number of photos are included at the end of this news release.

The SAG and ball mills have been delivered to site and installation is underway. Concrete work continues in the surge bin, reagent and thickening areas and is 92% complete in the crusher area, 93% complete in the grinding area and finished in the leaching area. Structural steel erection in the grinding area is well advanced and the thickener tank platework is complete.

Pre-production mining activities commenced in mid-April and are progressing on schedule. The mining contractor has removed more than 986,000 tonnes of waste to date and roadwork is well advanced. Stockpiling of ore to prepare for commissioning of the plant commenced on July 18, 2018.

The $146 million project budget remains fully funded. As at June 30, 2018, the Company had spent $64 million of the project budget. The remaining $82 million of project spend will be funded by a combination of: (i) cash on hand at June 30, 2018 of $65 million; (ii) $30 million of project debt draws (the Company drew $40 million of project debt from the $85 million facility during Q2-2018 and $15 million in Q4-2017); and (iii) receivables as at June 30, 2018 totalling over $12 million.

On Behalf of the Board of Equinox Gold Corp.

“Christian Milau”