Equinox Minerals Limited
TSX : EQN
ASX : EQN

Equinox Minerals Limited

December 06, 2007 11:37 ET

Equinox Notes Acquisition of 17.27% Interest by First Quantum Minerals

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Equinox Minerals Limited (TSX:EQN)(ASX:EQN) ("Equinox" or the "Company") announced today that it notes that First Quantum Minerals Ltd. ("First Quantum") (TSX:FM)(LSE:FQM) has issued a press release which states that, on December 5, 2007, First Quantum acquired 41,300,000 common shares in the Company representing 7.31% of the issued and outstanding common shares. After the acquisition of these shares, First Quantum stated that it will beneficially own 97,556,700 common shares representing 17.27% of the issued and outstanding common shares of Equinox. The securities were acquired through the facilities of the Toronto Stock Exchange. In its press release, First Quantum also stated that it has acquired the common shares for investment purposes and may acquire further common shares or dispose of its holdings of common shares both as investment conditions warrant.

Lumwana, owned 100% by Equinox, is located in the North Western Province of the Republic of Zambia. The Lumwana mine expects to produce an average of 169,000 tonnes of copper metal per year contained in concentrates for the first 6 years of its 37 year mine life. Construction remains on schedule for commissioning in Q2 2008.

On Behalf of the Board of Directors of Equinox:

Craig R. Williams - President & Chief Executive Officer

For information on Equinox and technical details on the Lumwana Project please refer to the company website at www.equinoxminerals.com.

Cautionary Language and Forward Looking Statements

This press release contains "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian and Australian securities authorities.

ARBN 108 066 986

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