Equinox Gold Announces Sale of Shares of Versamet Royalties

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) announces it has sold an aggregate of 8,713,000 common shares (the “ Versamet Shares ”) of Versamet Royalties Corporation (“ Versamet ”) pursuant to an agreement with National Bank Financial Inc. by way of a block trade (the “ Disposition ”) for aggregate gross proceeds of C$130 million. Immediately before the Disposition, Equinox Gold had beneficial ownership of, control and direction over, 11,617,915 Versamet Shares, representing approximately 10.7% of the outstanding Versamet Shares on an undiluted basis. As a result of, and immediately following, the Disposition, Equinox Gold will have beneficial ownership of, control and direction over 2,904,915 Versamet Shares, representing approximately 2.7% of the outstanding Versamet Shares on an undiluted basis. Equinox Gold holds the Versamet Shares for investment purposes. Equinox Gold may, from time to time, acquire additional securities, dispose, subject to certain escrow restrictions, of some or all of its remaining or additional securities, or may continue to hold Versamet Shares as future circumstances may dictate. Following the Disposition, (i) Versamet’s right of first offer to acquire any royalty or stream held by Equinox Gold will be terminated; and (ii) the investor rights agreement between Equinox Gold and Versamet will automatically terminate on the date that Equinox Gold’s beneficial ownership in Versamet ceases to be at least 10.0% for a continuous period of at least 30 days. Versamet’s head office is located at Suite 3200 - 733 Seymour Street, Vancouver, British Columbia, V6B 0S6. This press release is being issued pursuant to National Instrume...