EQUINOX MINERALS LIMITED

Equinox Minerals Limited - Launching a New Mining House

Equinox is an international exploration and mine development company actively exploring for base metals, gold and uranium in Zambia, Africa and with interests in Australia and Peru. The Corporation's shares are listed in Canada on the Toronto Stock Exchange and on the Australian Stock Exchange under the symbol "EQN".

The Company’s primary focus is the development of the Lumwana Copper Mine in Zambia; the world’s fastest growing copper exporting country.

Situated 220 km northwest of the world renowned Copperbelt, Equinox owns 100% of Lumwana. This is a project of recognized international scale for which the Company is fully funded and in construction. Mine financing arrangements in place include a US$583.8 million debt facility, a US$49.0 million cost overrun facility, and equity totalling some US$427 million.

With proven and probable reserves totalling 321 million tones of ore grading at 0.73% copper, Lumwana represents one of the largest fully permitted copper projects in the world currently under construction and the largest new mine seen in Zambia in 40 years.

Lumwana is expected to process 20 million tonnes per year of ore to produce copper concentrates containing an average of 169,000 tpa (373 million lbs/year) of copper metal over the initial six year period and an average of 122,000 tpa (269 million lbs/year) of contained copper metal over the life of mine (37 years). For the first 5 years, 100% of all scheduled Lumwana production has been contracted to firm “take and pay” contracts with Zambian smelters.

Lumwana construction activities commenced in January 2006 and passed 75% completion in November 2007. Construction remains on schedule under a fixed-price, fixed-schedule EPC contract. Mine commissioning is expected late Q2 2008 with first ever revenue shortly thereafter.

Equinox is progressing towards its objective of operating Africa’s largest copper producing mine and of transforming the Company into a mid-tier copper producer and becoming a Mining House of Scale.

Zambia & Exploring in Zambia
Zambia is a stable Southern African country with a functioning multi-party democracy. Mining provides more than 85% of the country's annual foreign exchanges earnings. Zambia has been a commercial copper producer for over 70 years.

Both the Government of the Republic of Zambia and the local communities are strong supporters of the Lumwana project. The Zambian Copperbelt remains one of the world's great copper provinces. With limited copper exploration since the 70's, Zambia hosts outstanding exploration opportunities. Equinox boasts an experienced team active in the country since 1996. Working with over 20,000 Square kilometers of mining and exploration leases, Equinox will leverage its opportunity in part, with the application of modern exploration technologies not widely used in Zambia until recently.

The Equinox Team
The Equinox Board and management team comprises people with significant expertise in exploration and development of new mining projects and operations to provide the critical blend of technical, project management, project development, financing and legal expertise required for the success and dynamic growth of the Company in Africa and beyond.

Peter Tomsett - Non-Executive Chairman
Craig Williams - President and Chief Executive Officer
Harry Michael - Executive Director, COO & VP Operations
David McAusland – Non-Executive Director & Chair of the Corporate Governance & Nominating Committee
David Mosher - Non-Executive Director
Jim Pantelidis - Non-Executive Director
Brian Penny - Non-Executive Director & Chair of the Audit Committee

Michael Klessens CFO; VP - Finance, & Company Secretary
Ralph Gibson – VP – Project Finance
Robert Rigo - VP - Project Development
Kevin van Niekerk - Vice President Investor Relations & Corporate Development.

Lumwana Team
Equinox has substantially expanded the Lumwana development team with the engagement of all of the key management level personnel for project development and operations, most of whom have extensive experience in the development and operation of large open cut mining activities in Africa.