Equinox Gold Announces Agreement to Sell its Mercedes Gold Mine

December 17, 2021 – Vancouver, BC – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce that it has entered into a definitive agreement to sell its Mercedes GoldSilver Mine in Mexico (“Mercedes”) to Bear Creek Mining Corporation (TSXV: BCM) (“Bear Creek”) (the “Transaction”) for aggregate consideration of:

• $100 million in cash, payable as follows:

-$75 million on closing of the Transaction; and

-$25 million payable within six months of closing of the Transaction.
• 24,730,000 common shares of Bear Creek valued at approximately $25 million based on current trading
prices; and a
• 2% net smelter return payable on production from Mercedes

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