Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce the results of a Feasibility Study for an expansion at the Company’s 100%-owned Los Filos Mine Complex (“Los Filos”) located in Mexico. Current Los Filos operations consist of both run-of-mine (“ROM”) and crushed ore heap leach facilities. With continued development of the Bermejal Underground deposit and construction of a 10,000 tonnes per day (“t/d”) carbon-in-leach (“CIL”) processing plant, the Los Filos mine life would be extended to 14.5 years with life-of-mine (“LOM”) average annual production increasing to 280,000 ounces (“oz”) of gold (2023-2036) at all-in sustaining costs¹ (“AISC”) of $1,081 per oz. Total LOM production is estimated at 3.97 million oz of gold. Peak production during 2025-2030 averages 360,000 oz of gold per year. Using the base case $1,675/oz gold price, the expansion project has an after-tax net present value discounted at 5% (“NPV_5%”) of $625 million with an internal rate of return (“IRR”) of 26%.