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EQX.TO ·

The C$19.2 million is in addition to the approximately C$89.4 million (US$71.3 million) in cash and marketable

Corporate Updates

TSX-V: EQX

OTC: LWLCF

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

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

NEWS RELEASE

Equinox Gold Receives C$19.2 Million from Pacific Road Resources Funds

February 12, 2018 – Vancouver, BC – Equinox Gold Corp. (TSX-V: EQX, OTC: LWLCF) (“Equinox Gold” or the

“Company”) announces that it has received C$19.2 million from Pacific Road Resources Funds (“Pacific Road”)

and issued 21 million Equinox Gold common shares to Pacific Road pursuant to Pacific Road’s exercise of non-

dilution rights, as previously announced on January 16, 2018. The shares are subject to a four -month hold

period expiring on June 9 , 2018. No finder’s fees or commissions were paid in connection with the share

issuance.

The C$19.2 million is in addition to the approximately C$89.4 million (US$71.3 million) in cash and marketable

securities that Equinox Gold had at December 31, 2017. Construction of Equinox Gold’s Aurizona Gold Mine

in Brazil is fully funded with the Company’s existing treasury and a US$85 million secured project credit

facility, of which US$15 million has already been drawn.

About Equinox Gold

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

growing gold production from two past -producing mines in Brazil and California, and a long -term growth

platform with a diverse portfolio of gold and copper assets in North and South America. Construction is

underway at the Company’s Aurizona project in Brazil with the objective of pouring gold by year -end 2018,

and a prefe asibility study is underway at the Company ’s Castle Mountain project in California with the

objective of restarting production. Further information about Equinox Gold’s current portfolio of assets and

long-term growth strategy is available at www.equinoxgold.com or by email at [email protected].

Equinox Gold Contacts

Christian Milau, CEO

Rhylin Bailie, Vice President Investor Relations

Tel: +1 604-558-0560

Email: [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 forwar d-looking statements within the

meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words

“underway”, “objective” , “subject to” and similar expressions are intended to identify forward- looking

statements. Forward -looking statements contained in this news release include, but are not limited to,

statements regarding construction activities underway at Aurizona, anticipated production from the Aurizona

Gold Mine and Castle Mountain Gold Mine, the Castle Mountain prefeasibility study, and the growth potential

of the Company . Although the Company believes that the expectations reflected in such forward- looking

statements and/or information 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

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statements involve known and unknown risks, uncertainties and other factors that may cause actual results

or events to differ materially from those an ticipated 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

and the timing to achieve production; the Company’s ability to complete construction within the approved

budget; the Company’s ability to complete the Castle Mountain prefeasibility study and the results of the

study; 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.