Equinox Minerals Limited

Equinox Minerals Limited

November 29, 2006 10:18 ET

Equinox Wins Exploration Award at Mining Journal 2006 Outstanding Achievement Awards

TORONTO, ONTARIO--(CCNMatthews - Nov. 29, 2006) -


Equinox Minerals Limited (TSX:EQN)(ASX:EQN) ("Equinox" or the "Company") is pleased to report that the Company has been awarded the "2006 Exploration Award" at the annual Mining Journal Outstanding Achievement Awards recently held in London, England.

Held as part of Mining Journal's annual Mines & Money conference, Equinox received the award at a black-tie dinner. The Outstanding Achievement Awards host 13 different citations and celebrate exceptional achievement in the international mining industry.

The "Exploration Award" category offered robust competition with the Company winning the award for doubling the projected Lumwana Copper Project ("Lumwana") mine life to 37 years, due in part, to a major ongoing exploration and development program in Zambia.

Lumwana is located in the North Western Province of the Republic of Zambia, west of the world-renowned Copperbelt. Equinox owns 100% of Lumwana. With proven and probable reserves totalling 321 million tonnes of ore grading at 0.73% Copper, Lumwana represents one of the largest fully permitted copper projects in the world currently in construction. Mine construction remains on schedule with commissioning expected during Q2 2008.

Commenting on winning the prestigious award, Craig Williams, Equinox President and CEO and a career exploration geologist said, "We came to Zambia in 1996 and to Lumwana in 1999. This award is testament to the tenacity, skill and perseverance demonstrated over a substantial period of time and rewards our committed Equinox team who are bringing this exciting development to reality. It is unfortunate that the late Dr. Bruce Nisbet, the driving force behind the Equinox exploration team since he co-founded the Company in 1994, is unable to share this award, but his spirit of geological excellence lives on in our team."

On Behalf of the Board of Directors of Equinox:

Craig R. Williams, President & Chief Executive Officer

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

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

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