Mr. Darren Hall reports

EQUINOX GOLD COMPLETES SALE OF BRAZIL OPERATIONS FOR TOTAL CASH CONSIDERATION OF US$1.015 BILLION; PAYS DOWN MORE THAN US$800 MILLION OF DEBT WITH NET DEBT REDUCED TO US$150 MILLION

Equinox Gold Corp. has completed the previously announced sale of its Aurizona mine, RDM mine and Bahia complex located in Brazil to a subsidiary of the CMOC Group for total consideration of up to $1,015-million. Equinox Gold received cash proceeds of $900-million, before closing adjustments, and will receive a production-linked contingent cash payment of up to $115-million on Jan. 23, 2027. (All financial figures are in U.S. dollars.)

The company will immediately fully repay its $500-million term loan, pay $300-million to extinguish the Sprott loan and related obligations, and make a payment on its revolving credit facility. This will reduce the company's senior debt to approximately $580-million (net debt to approximately $150-million) and significantly lower its interest expense.

Darren Hall, chief executive officer of Equinox Gold, stated: "Monetizing the Brazil operations has streamlined our portfolio and transformed our balance sheet. Equinox Gold is now well established as a leading North America-focused gold producer, with greater financial flexibility to self-fund high-return, near-term organic growth opportunities and consider capital return initiatives. Our development pipeline has the potential to add 450,000 to 550,000 ounces of incremental annual gold production in the coming years. With a strengthened balance sheet and 2026 consolidated gold production guidance of 700,000 to 800,000 ounces providing robust cash flow generation, we are well positioned to deliver stronger per-share value for our shareholders."

The transaction was completed through the sale of the issued and outstanding shares of certain non-Brazilian wholly owned subsidiaries of the company that indirectly owned the Brazilian operations.

About Equinox Gold Corp.

Equinox Gold is a Canadian mining company positioned for growth with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Founded and chaired by renowned mining entrepreneur Ross Beaty and guided by a seasoned leadership team with broad expertise, the company is focused on disciplined execution, operational excellence and long-term value creation. Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to growth.

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