Equinox Minerals Limited
TSX : EQN
ASX : EQN

Equinox Minerals Limited

December 19, 2007 10:51 ET

Equinox Passes 75% Development Completion at Lumwana Copper Project

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2007) -

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Equinox Minerals Limited (TSX:EQN)(ASX:EQN) ("Equinox" or the "Company") is pleased to announce that in connection with the execution of the US$407.6 million Lumwana Copper Project fixed price EPC construction contract ("EPC") as announced on October 16, 2006, the Ausenco Limited (ASX symbol: "AAX") and Bateman Engineering NV (LSE-AIM symbol: "BATE") groups (collectively the "EPC Contractors") passed the 75% completion milestone during November 2007.

In accordance with the Company's agreement with the EPC Contractors, Equinox will issue common shares within the contractual period to the value of C$4,317,892 (US$4,314,009) as part of the third quarterly milestone payment.

Commenting, Craig Williams, Equinox President and CEO said: "Equinox has achieved another significant milestone which formally signifies the Lumwana development has now passed the 75% completion mark. In an industry environment experiencing significant project overruns and delays, the Equinox Team and our EPC Contractors continue to deliver Lumwana on schedule and budget for commissioning in mid-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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