Equinox Gold Corp. has completed the sale of its Mercedes Mine in Mexico to Bear Creek Mining Corporation, as announced on December 17, 2021, for US$75 million, a deferred cash payment of US$25 million due within six months of the date hereof, a 2 percent net smelter return on Mercedes production and 24.73 million shares of Bear Creek Mining.

Borden Ladner Gervais LLP served as legal counsel to Bear Creek. Blake, Cassels & Graydon LLP served as legal counsel to Equinox.