August 29, 2018 – Vancouver, British Columbia – Equinox Gold Corp. (TSX-V: EQX, OTC: EQXFF) (“Equinox Gold” or the “Company”) has filed a National Instrument 43-101 Technical Report regarding the prefeasibility study (“PFS”) and mineral reserve estimate for its 100% owned Castle Mountain Gold Mine (“Castle Mountain” or the “Project”) located in California, USA, the results of which were announced on July 16, 2018. The technical report is available for download on SEDAR at www.sedar.com and on Equinox Gold’s website at www.equinoxgold.com.

About Castle Mountain

The Castle Mountain PFS contemplates a low-cost heap leach gold mine with 3.6 million ounces (“oz”) of gold reserves that will produce 2.8 million oz of gold and generate US$865 million in after-tax cash flow over a 16-year mine life. With Measured & Indicated Mineral Resources estimated at 4.3 million oz of gold (inclusive of reserves), Inferred Mineral Resources of 2.2 million oz and additional near-mine mineralization identified with the 2017 exploration program, there remains potential to extend the mine life and increase production.

Under the PFS mine plan, Castle Mountain will be developed in two stages with annual average gold production of 45,000 oz over the first three years (“Stage 1”) and annual average gold production of 203,000 oz from years 4 to 16 (“Stage 2”). Life-of-mine all-in sustaining costs are estimated at US$763/oz, which is in the lowest industry quartile. Capital costs are estimated at US$52 million for Stage 1 and US$295 million for Stage 2, with live-of-mine sustaining capital costs estimated at US$142 million. Castle Mountain demonstrates strong returns with an after-tax net present value (discounted at 5%) 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. Stage 1 ore stacking and commissioning is targeted for year-end 2019.