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.