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EQX.TO ·

Equinox Gold Completes Sale of its Koricancha Mill

Mergers & Acquisitions

TSX-V: EQX

OTC: EQXFF

Suite 730 – 800 West Pender St., Vancouver, BC Canada V6C 2V6

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

NEWS RELEASE

Equinox Gold Completes Sale of its Koricancha Mill

August 21, 2018 – Vancouver, BC – Equinox Gold Corp . (TSX-V: EQX, OTC: EQXFF) (“Equinox Gold” or the

“Company”) is pleased to announce that the Company has completed the sale of its interest in the Koricancha

Mill in Peru to Inca One Gold Corp. (TSX-V: IO) (“Inca One”) as previously announced on July 17, 2018.

On Behalf of the Board of Equinox Gold Corp.

“Christian Milau”

CEO & Director

Equinox Gold Contacts

Christian Milau, CEO

Rhylin Bailie, Vice President Investor Relations

Tel: +1 604-558-0560

Email: [email protected]

About Equinox Gold

Equinox Gold is a Canadian mining company with a multi-million-ounce gold resource base and near-term

and growing gold production from two past -producing mines in Brazil and California. Construction is well

advanced at the Company’s Aurizona Gold Mine in Brazil with the objective of pouring gold by year-end 2018,

and the Company is advancing its Castle Mountain Gold Mine in California with the objective of

commissioning Phase 1 operations by the end of 2019 . Further information about Equinox Gold’s curr ent

portfolio of assets and long -term growth strategy is available at www.equinoxgold.com or by email at

[email protected].

Cautionary Notes and Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document contains certain forward-looking information and forward-looking statements within the meaning of applicable

securities legislation (collectively “forward -looking statements”). The use of the words “will”, “ objective” and similar

expressions are intended to identify forward- looking statements. Although the Company believes that the expectations

reflected in such fo rward-looking statements are reasonable, undue reliance should not be placed on forward- looking

statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve

known and unknown risks, uncertaint ies and other factors that may cause actual results or events to differ materially from

those anticipated in such forward- looking statements, including the risks, uncertainties and other factors identified in the

Company’s periodic filings with Canadian securities regulators, and assumptions made with regard to the Company’s ability to

complete construction at Aurizona on budget or at all, and the timing to achieve production; the Company’s ability to

commission Phase 1 operations at Castle Mountain and rec ommence production; and the Company’s ability to achieve its

expected growth and production potential. Furthermore, the forward- looking statements contained in this news release are

made as at the date of this news release and the Company does not undertake any obligations to publicly update and/or revise

any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise,

except as may be required by applicable securities laws.