- all dollar figures are in US dollars, unless otherwise indicated
November 30, 2020 – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) has filed a National Instrument 43-101 Technical Report regarding the feasibility study and mineral reserve estimate for its 100% owned Santa Luz Gold Mine located in Bahia State, Brazil, the results of which were announced on November 9, 2020. The technical report is available for download on SEDAR at www.sedar.com, on EDGAR at www.sec.gov/edgar and on Equinox Gold’s website at www.equinoxgold.com.

On November 9, 2020, Equinox Gold announced Board of Directors approval to commence full construction of the Santa Luz Gold Mine with an approved construction budget of $103 million. Using the base case $1,500/oz gold price, Santa Luz is expected to produce 903,000 ounces of gold over an initial 9.5-year mine life, with additional upside from underground mineral resources. At $1,500/oz gold, the project has an after-tax net present value discounted at 5% of $305 million with an internal rate of return of 58%. Construction is underway, with first gold pour targeted for Q1 2022.

About Equinox Gold
Equinox Gold is a Canadian mining company with seven operating gold mines and construction underway at an eighth site, a multi-million-ounce gold reserve base and a clear path to achieve one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold operates entirely in the Americas, with two properties in the United States, one in Mexico and five in Brazil. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold’s portfolio of assets and