Lumwana records increased production

TORONTO, ON, May 6, 2010 : Equinox Minerals Limited (TSX and ASX: EQN)
(“Equinox” or the “Company”) announced today its preliminary production
results for the quarter ended September 30, 2010 (“Q3-2010”) from its
100% owned Lumwana Copper Mine (“Lumwana”) in Zambia and, following
another strong production result in the September quarter, Equinox is
increasing full year production guidance to 140,000 tonnes of copper in
concentrate.

Lumwana produced 38,445 tonnes of copper in concentrate during Q3-2010.
The mine continued to increase the total material movement averaging
more than 10 million tonnes per month, while the plant operated at
design capacity with 4.94 Mt of ore treated in the quarter. Production
for the 9 months to the end of September 2010 totaled 112,751 tonnes of
copper in concentrate.

Material movement of 30.4 Mt is the best quarterly result to date and is
as a result of continued operational improvements with longer working
faces, larger blasts and higher benches, leading to better equipment
productivity and utilization. The five new Hitachi EH-4500 trucks have
now been commissioned and were operating during the quarter. Mining
operations moved into new production stages during Q3-2010, resulting in
additional stripping and slightly lower ore production for the quarter
at 4.18 Mt, necessitating the drawdown of stockpiles.

The plant produced at its design rate of 20 Mtpa over the quarter with
4.94 Mt of ore milled. Despite the higher throughput rates, copper
production was down relative to the June quarter. This was due to lower
head grades (0.87% Cu) as mining moved out of the higher grade Starter
Pit and slightly lower copper recovery (89%) with some transitional
oxide-sulphide material from the new stages being treated. The lower
head grade and recoveries achieved in Q3-2010 are expected to continue
into the December quarter.

In addition to the copper ore mined during the quarter, mining of the
uranium zones at Valeria South and Valeria North within the Malundwe pit
continued during the quarter with 1.15 Mt of uranium-copper material
mined.  The uranium stockpile on the ROM pad has increased to 4.5 Mt of
900 ppm uranium and 0.8% copper, and is being classified and expensed as
“waste” to the copper project.  This uranium-copper stockpile may be
treated at a later date, if and when the Company builds a uranium plant.

Lumwana Mine Production Statistics:

Production Statistics   Measure Q3 2010 Q2 2010 Q1 2010 Q4 2009 Q3 2009
Total material movement Tonnes (m)      30.39           26.60
14.99           22.23           29.30
Ore mined       Tonnes (m)                      4.18            5.09
3.09            4.20            4.02
Ore processed   Tonnes (m)              4.94            4.57
3.59            3.96            3.82
Head grade      Copper %                        0.87            1.02
0.93            0.94            0.92
Copper recovery Copper %                89              94
92              93              80
Concentrate grade       Copper %                41              44
44              46              47
Copper in concentrate   Tonnes  38,445  43,835  30,471  34,626  28,111
Copper in concentrate   Pounds (m)      84.76           96.61
67.18           76.33           61.97

Production Guidance:

As a result of both the mine and the plant operating at “nameplate”
design and the stronger than expected results in the September quarter,
management is increasing its full year production guidance to 140,000
tonnes (308 million pounds) of copper metal in concentrate at an average
estimated C1 operating cost of $1.35 per pound.

Offtake Update:

During the quarter, concentrate delivery was predominantly directed to
Chambishi Copper Smelter Limited and the Konkola Copper Mines Plc
smelter at Nchanga on the Zambian Copperbelt.  Concentrate stocks have
remained at similar levels to the June quarter with the stronger than
expected production results, but it is anticipated that these will be
drawn down over the remainder of the year.

Expansion and Optimization Plans:
During the quarter Equinox continued the Expansion Feasibility Study
into expanding production at Lumwana to 35 Mtpa and this study is
progressing on schedule. It is expected Lumwana will be able to
debottleneck the plant to increase production to 24 Mtpa by the end of
2011, with the Chimiwungo pit commencing production towards the end of
2012.

Equinox will continue to review and assess opportunities for organic
growth and expansion at Lumwana as well as corporate opportunities to
grow the Company.

Equinox President and Chief Executive Officer Craig Williams commented
“with Lumwana operating at design capacity, the solid performance in
Q3-2010 has enabled us to increase production guidance for the 2010 year
to 140,000 tonnes of copper in concentrate. The Equinox team is now
focusing on continued productivity improvements and our expansion
objectives to optimize the potential of Lumwana.”

Craig R. Williams – President & Chief Executive Officer

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