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EQX.TO ·

Equinox Gold Completes Share Consolidation

Corporate Actions

TSX-V: EQX

OTC: EQXFF

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

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

NEWS RELEASE

Equinox Gold Completes Share Consolidation

August 20, 2019 – Vancouver, BC – Equinox Gold Corp . (TSX-V: EQX, OTC: EQXFF) (“Equinox Gold” or the

“Company”) is pleased to announce that it has completed its previously announced consolidation of the

common shares of the Company at a ratio of five pre -consolidation common shares for one post -

consolidation common share (the “Consolidation”). Common shares of the Company will begin trading on a

consolidated basis under the existing trading symbol at market open. As a result of the Consolidation, shares

issuable pursuant to the Company’s outstanding options , warrants, restricted share units and other

convertible securities will be proportionally adjusted on the same basis.

Equinox Gold completed the Consolidation in order to pursue a dual listing on a U.S. stock exchange. The

Consolidation reduced the number of Equinox Gold’s outstanding common shares from 566,278,712

common shares to approximately 113,255,742 common shares. No fractional common shares will be issued

in connection with the Consolidation.

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]

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.

Cautionary Notes and Forward-looking Statements

This news release includes certain statements that constitute “forward -looking statements”, and “forward- looking information”

within the meaning of applicable securities laws collectively “forward -looking statements”. These include statements regarding the

Company’s intent, or the beliefs or current expectations of the Company’s officers and directors. When used in this new release, words

such as “will”, “would”, “subject to”, “anticipates”, “at which time ”, “will allow ”, “pursue” and similar expressions are intended to

identify these forward- looking statements as well as phrases or statements that certain actions, events or results “may”, “could”,

“would”, “should”, “occur” or “be achieved” or the negative connotation of such term s. As well, forward -looking statements may

relate to the Company’s future outlook and anticipated events, such as the Company’s intention to consolidate its shares in order to

pursue a listing on a U.S. stock exchange. Forward-looking statements are based on information available at the time those statements

are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and

uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-

looking statements. Forward -looking statements speak only as of the date those statements are made. Except as required by

applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-

looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in

assumptions or changes in other factors affecting the forward-looking statements. If the Company updates any one or more forward-

looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other

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forward-looking statements. All forward-looking statements contained in this news release are expressly qualified in their entirety by

this cautionary statement.