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EQX.TO ·

Equinox Gold and Leagold Merger Receives Positive Recommendation from Proxy Advisory Firms

Mergers & Acquisitions Shareholder Meetings

TSX: EQX

NYSE-A: EQX

Suite 1501 – 700 West Pender St., Vancouver, BC Canada V6C 1G8

[email protected] +1 604.558.0560 www.equinoxgold.com

NEWS RELEASE

Equinox Gold and Leagold Merger Receives Positive Recommendation from Proxy Advisory Firms

January 20, 2020 – Vancouver, BC – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the

“Company”) is pleased to announce that Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co.

(“Glass Lewis”), independent proxy advisory firms that provide voting recommendations to shareholders, have

issued positive review s of the proposed merger with L eagold Mining Corporation (TSX: LMC, OTC: LMNCF)

announced on December 16, 2019. ISS and Glass Lewis both recommend that Equinox Gold shareholders vote

in favour of the resolutions to be voted on at the special meeting of shareholders to be held on January 28, 2020.

Equinox Gold shareholders of record at the close of business on December 18, 2019 are eligible to vote their

common shares. Full details of the proposed merger and the matters to be voted on at the meeting are described

in the joint management information circular and related meeting materials that were mailed to shareholders

in December 2019. All of the meeting materials , including instructions on how to vote your shares, can be

downloaded from Equinox Gold’s website at www.equinoxgold.com and from Equinox Gold’s profile on SEDAR

at www.sedar.com.

The Equinox Gold meeting will be held at the offices of Blake, Cassels & Graydon LLP, located at Suite 2600,

595 Burrard Street, Vancouver, BC on January 28, 2020 commencing at 10:00 am Vancouver Time.

Equinox Gold Contacts

Christian Milau, CEO

Rhylin Bailie, Vice President Investor Relations

Tel: +1 604-558-0560

Email: [email protected]