Equinox issues Canadian prospectus

Equinox Minerals Ltd has filed a final short form prospectus with the securities regulators in Canada for the purpose of qualifying the common shares issuable in connection with the Offering for distribution to the public.

Under the terms of the underwriting agreement, as amended, the syndicate co-led by Sprott Securities Inc., CIBC World Markets Inc. and GMP Securities L.P., and including Paradigm Capital Inc., Raymond James Ltd., and Dundee Securities Corporation will purchase from the Corporation a total of 75 million common shares of the Corporation at a price of Cdn$1.40 per Share for gross proceeds of Cdn$105 million.

The Offering is anticipated to close on or about September 20, 2006 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange, Australian Stock Exchange and the securities regulatory authorities.

The net proceeds from the Offering will be used to fund continued construction development activities at Equinox's Lumwana Project in Zambia and for general working capital purposes.