Vancouver, British Columbia--(Newsfile Corp. - March 28, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") will hold its annual and special meeting of shareholders ("Annual Meeting") on April 24, 2025 commencing at 1:30 pm Vancouver time, followed by a corporate update commencing at approximately 1:45 pm.

In addition to electing directors and other annual approvals, at the Annual Meeting Equinox Gold shareholders will be asked to consider and approve a resolution ("Arrangement Resolution") to issue Equinox Gold common shares pursuant to the business combination with Calibre Mining Corp. ("Calibre") as announced on February 23, 2025 (the "Arrangement"). Under the terms of the Arrangement, each Calibre share will be exchanged for 0.31 of an Equinox Gold common share. If the Arrangement is completed, existing Equinox Gold and former Calibre shareholders (including former holders of restricted share units and performance share units of Calibre) will own approximately 63% and 37%, respectively, of the combined company.

Your vote is important, no matter how many Equinox Gold shares you hold. The Board of Directors of Equinox Gold has unanimously determined that the Arrangement is in the best interests of Equinox Gold and recommends that shareholders vote FOR the Arrangement Resolution.

Strategic Rationale

Combining Equinox Gold and Calibre will create:

A major diversified gold producer in the Americas: Potential for more than 1.2 million ounces[1] of annual gold production from a portfolio of mines in five countries in the Americas.
The second largest gold producer in Canada: Greenstone Gold Mine and Valentine Gold Mine, two new long-life, low-cost, open-pit gold mines, are expected to produce collectively 590,000 ounces[2] of gold per year when at capacity.
Substantial free cash flow: Immediate increase in production at record high gold prices is expected to drive superior free cash flow to enable the combined company to quickly deleverage.
Exceptional growth profile: Additional production growth from the ramp-up of Valentine Gold Mine and a pipeline of development and expansion projects.
Significant re-rate potential based on valuation of peers: Greater scale, lower risk, near-term production growth, and superior free cash flow relative to peers, providing significant revaluation potential.
An industry-leading team: Proven track record of delivery and shareholder value creation led by Ross Beaty, and Blayne Johnson and Doug Forster of Featherstone Capital, who will all serve on the board of directors of the combined company. In total, six directors of Equinox Gold will serve on the board of directors of the combined company, including Ross Beaty and Greg Smith, and four directors of Calibre will serve on the board of directors of the combined company, including Blayne Johnson and Doug Forster. Greg Smith, the President and Chief Executive Officer of Equinox Gold, will continue as Chief Executive Officer of the combined company, and Darren Hall, the President and Chief Executive Officer of Calibre, will serve as the President and Chief Operating Officer of the combined company with full responsibility of the combined operations going forward.

Meeting Materials

Equinox Gold's management information circular, which includes additional information regarding the background to and anticipated benefits of the Arrangement, the business of the Annual Meeting, and instructions for participating in the Annual Meeting and the voting process ("Meeting Materials"), is being distributed to shareholders. Upon receipt of the Meeting Materials, which contain personalized voting information, shareholders can vote their shares online, by telephone or by mail, or can attend the Annual Meeting and vote in person. Shareholders who cannot attend in person are invited to join an online webcast; however, the webcast is being provided for viewing purposes only. There will be no ability to vote via the webcast.

Attend in Person

Suite 200, 1133 Melville Street, Vancouver, BC

Attend Online

www.equinoxgold.com/shareholder-events

The Meeting Materials can be downloaded at www.equinoxgold.com/shareholder-events and from Equinox Gold's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Shareholders may request that printed copies of the Meeting Materials be mailed to them at no cost by contacting the Company by phone at 1-833-EQX-GOLD (1-833-379-4653) (North America) or +1-604-558-0560 (International) or by email at info@equinoxgold.com.

Shareholder Questions & Voting Assistance

Shareholders can submit questions in advance about Equinox Gold, the Annual Meeting or the voting process using the Submit a Question form on our dedicated meeting site at www.EquinoxGold.com/investors/agm-contact/. The deadline for voting by proxy is 1:30 pm (Vancouver time) on April 22, 2025.

Advance Ruling Certificate & Conditions of Closing

The Company is pleased to advise that on March 25, 2025, Equinox Gold received an advance ruling certificate that satisfies the Canadian Competition Approval closing condition for the Arrangement. In addition to shareholder and court approvals, the Arrangement is subject to applicable regulatory approvals, including both Canadian (received) and Mexican competition authorization, approval of the listing of the Equinox Gold common shares to be issued pursuant to the Arrangement on the Toronto Stock Exchange and NYSE American Exchange, and the satisfaction of certain other closing conditions customary for a transaction of this nature. Subject to the satisfaction of such conditions, the Arrangement is expected to close in the next several months and in any event by the end of Q3 2025.

Annual Filings

The Company has filed its Annual Information Form and its Annual Report on Form 40-F for the year ended December 31, 2024. The Annual Information Form is available for download on SEDAR+, on EDGAR and on Equinox Gold's website. The Form 40-F is available for download on EDGAR.

Equinox Gold Contacts

Greg Smith, President & CEO
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com

Cautionary Note Regarding Forward-looking Statements