Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) today provides an operations update and announces the exercise of warrants.

Operations Update
The temporary suspension of mining activities at the Company’s Los Filos Mine in Guerrero State, Mexico has been extended in compliance with an order by the Federal Government of Mexico extending the suspension of non-essential activities until May 30, 2020, with the potential for earlier start-up on May 18, 2020 in areas with low or no cases of COVID-19. The Company has continued processing solution from the Los Filos heap leach pads and producing gold at a reduced level during the temporary suspension.

The Company’s Pilar Mine in Goiás State, Brazil is ramping up to full operations after a previously announced short-term suspension of mining activities in compliance with a State Government restriction.

The Company’s other producing mines continue to operate normally with COVID-19 safety and preventive measures in place. Phase 1 construction of the Castle Mountain Gold Mine continues and is approximately 75% complete. Further, the Company continues to advance engineering and economic studies related to the Los Filos carbon-in-leach plant and the Santa Luz restart with the objective of making construction decisions for both projects later this year.

The Company is currently unable to determine the potential effects of the COVID-19 pandemic on fiscal 2020 guidance and will provide updates as practical. Equinox Gold continues to enforce stringent operational and safety procedures across the Company to help protect the health and economic wellbeing of its workforce, suppliers and local communities.

Warrant Exercise
Warrants held by Pacific Road Resources Funds were exercised for net proceeds to Equinox Gold of approximately C$20.7 million on issuance of 4,744,870 common shares of the Company.