Equinox Gold Announces Sale of Solaris Resources Shares for C$70.4 Million

TSX: EQX

NYSE-A: EQX

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

NEWS RELEASE

Equinox Gold Announces Sale of Solaris Resources Shares for C$70.4 Million

December 6, 2022 – Vancouver, BC – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announces that it has

sold an aggregate 11,000,000 common shares o f Solaris Resources Inc. (TSX: SLS) (“Solaris”) in the ordinary

course for investment purposes through the facilities of the Toronto Stock Exchange through block trades (the

“Transaction“) for aggregate gross proceeds of C$70.4 million.

Equinox Gold will be filing an early warning report under National Instrument 62-103 in connection with the sale

of the Solaris shares, a copy of which will be available under Solaris’ profile on SEDAR at www.sedar.com.

Immediately prior to the Transaction, Equinox Gold owned 15,545,487 common shares of Solaris and warrants

entitling Equinox Gold to purchase 7,500,000 common shares of Solaris representing approximately 17.88% of

Solaris on a partially diluted basis. As a result of the Transaction, including any exercise of the warrants, Equinox

Gold’s ownership has decreased to less than 10% of the issued and outstanding common shares of Solaris and

Equinox Gold has ceased to be a “reporting insider” as defined in National Instrument 55-104 – Insider Reporting

Requirements. Accordingly, Equinox Gold will no longer file insider or early warning reports in respect of its

ownership of securities of Solaris, except as required by applicable law.

Equinox Gold remains a supportive shareholder of Solaris and does not current ly plan to make any additional

changes to its interes t. Pursuant to the Transaction, Equinox Gold has agreed not to sell any of its remaining

Solaris securities for 120 days.

Equinox Gold Contacts

Greg Smith, President and Chief Executive Officer

Rhylin Bailie, Vice President, Investor Relations

Tel: +1 604-558-0560

Email: [email protected]

Cautionary Notes and Forward-Looking Statements

This news release contains certain forward- looking information within the meaning of applicable securities legislation in r elation to

Equinox Gold’s intentions with regard to its investment in Solaris. Equinox Gold holds Solaris securities as a strategic investment and may

choose to either sell or purchase Solaris securities in the future as appropriate based on Equinox Gold’s capital requirements and business

strategy. Forward-looking statements and information are designed to help readers understand management’s views as of that time with

respect to future events and speak only as of the date they are made. Except as required by applicable law, Equinox Gold assumes no

obligation to publicly announce the results of any change to any forward-looking statement or information contained or incorporated by

reference to reflect actual results, future events or developments, changes in assumptions or changes in othe r factors affecting the

forward-looking statements and information. If Equinox Gold updates any one or more forward-looking statements, no inference should

be drawn that Equinox Gold will make additional updates with respect to those or other forward-looking statements. All forward-looking

statements and information contained in this news release are expressly qualified in their entirety by this cautionary statement.