Equinox Gold Corp. announced positive drill results from the Piaba Underground target ("Piaba UG") and the Genipapo target ("Genipapo") at the Company's 100%-owned Aurizona Gold Mine ("Aurizona") in Brazil. These results further strengthen the Company's conviction that the Piaba underground deposit presents a substantial opportunity to both extend the mine life and increase annual production at Aurizona. Drilling at the Genipapo target also continues to demonstrate the potential to define open-pit, near-surface saprolite resources that could further extend the Aurizona mine life. Piaba Drill Highlights: 5.56 grams per tonne gold ("g/t Au") over 24.0 metres ("m") including 9.85 g/t Au over 11.0 m in D696; 96.8 g/t Au over 1.0 m in D698; 4.18 g/t Au over 11.0 m and 6.15 g/t Au over 11.0 m including 55.3 g/t Au over 1.0 m in D708; 2.58 g/t Au over 19.2 m in D713; 8.24 g/t Au over 6.0 m and 3.43 g/t Au over 15.0 m in D722; 3.62 g/t Au over 9.0 m and 4.42 g/t Au over 11.0 m in D730; 4.35 g/t Au over 37.0 m including 7.16 g/t Au over 10.0 m in D737; 9.10 g/t Au over 6.0 m in D742. Genipapo Drill Highlights: 1.43 g/t Au over 25.0 m and 1.41 g/t Au over 90.0 m including 11.0 g/t Au over 4.0 m in P630; 3.15 g/t Au over 19.0 m including 6.22 g/t Au over 9.0 m in P631; 1.10 g/t Au over 20.0 m in P638; 1.63 g/t Au over 17.0 m in P650; 17.7 g/t Au over 5.0 m in P662. A total of 23,916 m in 52 holes were drilled in 2020 to increase confidence in the continuity of mineralization, expand the underground mineral resources and upgrade the classification of the resources from Inferred to Indicated to support completion of the prefeasibility study. Every hole intersected gold mineralization and 47 of the 49 holes, for which assays have been received thus far, intersected significant gold mineralization. The 2020 drill program tested the deposit to depths of 1,000 m below surface and results to date have shown that the deposit remains open at depth. Genipapo, located approximately 1 km east northeast of the existing Piaba open-pit mine, is the most advanced of three targets including Micote and Mestre Chico that potentially host a series of smaller, near-surface deposits. Three phases of reverse circulation ("RC") drilling (5,489 m in 74 holes) were completed at Genipapo in 2020 to follow up on drilling discoveries made in 2018. Results continue to demonstrate the potential to develop Genipapo as open-pit feed for the Piaba mill. Results of the first two phases of drilling (3,331 m in 50 holes) are included in this press release, with results from the third phase of work pending.