Minera Alamos Completes Acquisition of Pan Gold Mining Complex

About this update from Equinox Gold Corp.

[{"type":"text","content":"Creation of an Emerging U.S. Focused Gold Producer","length":50,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"All dollar amounts are in US dollars unless otherwise specified.","length":64,"tagName":"p"},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - October 1, 2025) - Minera Alamos Inc. (TSXV: MAI) ("Minera Alamos" or the "Company") is pleased to announce the completion of the previously announced acquisition (the "Transaction") of Equinox Gold Corp.'s ("Equinox Gold") Pan Gold Mine ("Pan"), Gold Rock Project ("Gold Rock") and Illipah Project ("Illipah") located in White Pine County, Nevada, U.S. (together, the "Nevada Assets").","length":506,"tagName":"p"},{"type":"text","content":"Darren Koningen, CEO of Minera Alamos, stated, "We are excited to close this transformational acquisition for Minera Alamos. The addition of the Pan Gold Mine, along with the Gold Rock and Illipah projects, provides immediate production and cash flow while significantly expanding our late-stage project development pipeline. The transaction positions Minera Alamos as an Americas-focused gold producer with the potential to deliver meaningful production growth in the next few years and significant long-term value for our shareholders. I would like to once again thank the efforts of all of those who were involved in the completion of this transaction."","length":666,"tagName":"p"},{"type":"text","content":"As consideration for the Transaction, Minera Alamos has paid a wholly-owned subsidiary of Equinox Gold $88,372,424 in cash, subject to a customary post-closing working capital adjustment, and has issued to it 96,802,816 common shares in the capital of Minera Alamos (each, a "Common Share"). Post-Transaction, Equinox Gold will own a 9.15% of the issued and outstanding Common Shares.","length":394,"tagName":"p"},{"type":"text","content":"The cash consideration for the Transaction was funded through the proceeds of the previously-announced "bought deal" private placement of subscription receipts (the "Subscription Receipts"), pursuant to which the Company issued an aggregate of 380,282,535 Subscription Receipts at an issue price of C$0.355 per Subscription Receipt, for gross...

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