Mr. Etienne Morin reports

EQUINOX GOLD ANNOUNCES REDEMPTION OF ITS OUTSTANDING 4.75% CONVERTIBLE SENIOR NOTES DUE OCTOBER 2028

Equinox Gold Corp. has elected to exercise its right to redeem all of its outstanding $172.5-million aggregate principal amount of 4.75 per cent convertible senior notes due Oct. 15, 2028 (Cusip No. 29446YAC0). All dollar amounts are in United States dollars.

The notes were issued pursuant to an indenture dated as of Sept. 21, 2023, between the company and Computershare Trust Company N.A., as trustee. In accordance with the terms of the indenture, on Oct. 20, 2026, the company will redeem all notes that have not been converted prior to 5 p.m. (New York time) on Oct. 19, 2026.

Redemption process

The redemption price for each note will equal 100 per cent of its outstanding principal amount, plus accrued and unpaid interest thereon to, but excluding, the redemption date. For each $1,000 principal amount of notes, the redemption price will be equal to approximately $1,000.66. On the redemption date, the redemption price will become due and payable, and interest on the notes will cease to accrue.

For all notes in book-entry form, payment of the redemption price will be made through the facilities of the Depository Trust Company (DTC), and all such redeemed notes will be surrendered for payment of the redemption price in accordance with the applicable rules and procedures of the DTC. The paying agent is Computershare Trust Comany and the address of the paying agent for delivery of any notes in certificated form is Computershare Trust, 1505 Energy Park Dr., St. Paul, Minn., United States, 55108, attention: Corporate Trust Operations.

Right to convert the notes

Holders of the notes may convert all or any portion of their notes (in a principal amount that is an integral multiple of $1,000) at any time prior to 5 p.m. (New York time) on Oct. 19, 2026, or, if the company fails to pay the redemption price on the redemption date, until the date on which the redemption price is paid. To convert any note, the holder must comply with the applicable rules and procedures of the DTC. As of Sept. 18, 2026, the conversion rate under the indenture is 158.7302 common shares of the company per $1,000 principal amount of notes. Such conversion rate will be adjusted to 165.0732 for any converting holder, representing a conversion price of approximately $6.0579, after giving effect to the applicable dividend adjustment and make-whole increase under the indenture.

Based on this conversion rate, an aggregate of up to 28,475,124 common shares will be issued (representing approximately 2.44 per cent of common shares outstanding) if all the notes are converted.

About Equinox Gold Corp.

Equinox Gold is a Canadian mining company positioned as the new North American senior gold producer 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. 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 exposure to a diversified portfolio of gold operations and clear path to growth.

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