Equinox Exploration Announces $1,500,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2012) - Equinox Exploration Corp. (TSX VENTURE:EQX) is pleased to announce that is has arranged a non-brokered fully subscribed private placement for 10 million Units at a price of $0.15. The Unit consists of one common share and one share purchase warrant exercisable at $0.20 for a period of one year. Finders' fees may be paid in certain instances.

The proceeds from the private placement will be used for general working capital and property investigation purposes.

About Equinox Exploration Inc.

Equinox Exploration is a publicly traded corporation engaged in the exploration and development of copper properties with its major focus on copper deposits in the Southwest United States and Chile. Equinox has acquired strategic positions within some of the world's most prolific copper belts with the acquisitions of its Arizona North Star claims and it's Aura mine located in Chile.

The foregoing is subject to regulatory approval.

On behalf of the Board of Directors,

Joshua Bleak, President and Director

Forward-Looking Statement

This news release includes certain statements that may be deemed "forward-looking statements". Forward-looking information includes, but is not limited to: statements with respect to the effect and estimated timeline of the drilling and assay results on the Company; the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting ; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: unsuccessful exploration results; changes in metals prices; changes in the availability of funding for mineral exploration; unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.