Equinox Preliminary Lumwana Production Results for 4th Quarter and Full Year 2009

	    Production Guidance for 2010

	    ARBN 108 066 986

	    TORONTO, Jan. 21 /CNW/ - Equinox Minerals Limited (TSX and ASX: EQN)
("Equinox" or the "Company") announced today its preliminary production
results for the quarter ended December 31, 2009 ("Q4-2009") from its 100%
owned Lumwana Copper Mine ("Lumwana") in Zambia.
	    Production for the 2009 year totaled 109,413 tonnes (241 M lbs) of copper
in concentrate. Preliminary Q4-2009 copper production results demonstrate the
continued improvement of production from the preceding three quarters.
	    During the December quarter, Lumwana continued the ramp up phase for both
the mine and process plant operations. The production results have shown
continued improvement quarter on quarter over 2009, with a Q3-09 to Q4-09
improvement of copper in concentrate production of 23%. This is a sound
achievement, particularly during the onset of the wet season, which impacted
productivity during the quarter.
	    The Lumwana operations team has continued to focus on mining equipment
availability and utilization. Progress has been made with the equipment
suppliers on improving their maintenance and repair contract performance.
Further improvement is necessary to meet equipment availability requirements,
however it is expected these issues will be resolved over the coming quarters.
The wet season has had a negative impact on utilization and this is reflected
in the reduced total material movement in the quarter. The mining team is
working on a number of strategies to improve performance and mine
productivity. Process plant recoveries have shown marked improvement to 92%,
reflecting the reduced proportion of transitional ore processed during the
quarter.
	    Mining and stockpiling of uranium mineralization also continued during
the quarter. The uranium ore stockpile on the ROM pad currently stands at
about 2.5mt @ 1,000 ppm U and 0.8% Cu.

	    <<
	    -------------------------------------------------------------------------
	    LUMWANA MINE
	    PRELIMINARY PRODUCTION                                               2009
	     STATISTICS                    Q1        Q2        Q3        Q4     TOTAL

	    Total mine material
	     movement            Mt      8.88     20.80     29.89     21.64     81.21

	    Ore mined            Mt      1.84      3.03      4.02      4.20     13.09

	    Ore processed        Mt      2.88      3.03      3.82      3.97     13.69

	    Head grade          Cu %    0.93%     0.98%     0.92%     0.95%     0.95%

	    Copper recovery       %       83%       82%       80%       92%       85%

	    Concentrate grade   Cu %      39%       39%       47%       46%       43%

	    Copper produced in
	     concentrate       tonnes  22,263    24,413    28,111    34,626   109,413

	    Copper produced in
	     concentrate        M lbs   49.08     53.82     61.97     76.34    241.22
	    -------------------------------------------------------------------------
	    >>

	    Production Guidance for 2010

	    The ramp up to full production of the Lumwana Mine will continue through
the first half of 2010, with a target of achieving design throughput rate of
20 Mtpa for the mine and mill in H2-10. Target production for 2010 is about
135,000 tonnes (300 M lbs) of copper in concentrate at a C1 cash cost of
$1.35/lb Cu. Meeting this target is dependent on a range of factors including
performance of the mine and mill during the wet season which the Company
expects to particularly impact Q1-10, improvement in the availability and
utilization of the mining fleet and performance of the processing plant.
	    Equinox President and Chief Executive Officer Craig Williams said that
"production in Q4-2009 continued the trend of quarter-on-quarter improvement
throughout 2009, with Lumwana delivering annual production for 2009 of 109,413
tonnes of copper in concentrate. This is a commendable performance from the
Lumwana team. We continue to ramp up the Lumwana operation and, while we still
expect challenges ahead, improvement in mine and plant productivity should
continue into the 2010 dry season, delivering our production target for 2010
of 135,000 tonnes of copper in concentrate."

	    <<
	    Craig R. Williams - President & Chief Executive Officer
	    -------------------------------------------------------
	    >>

	    About Equinox

	    Equinox Minerals Limited is an international mining company, dual listed
on the Canadian (Toronto) and Australian stock exchanges.
	    The Company is currently focused on operating its 100% owned large scale
Lumwana Copper Mine in Zambia, one of the largest new copper mines to be
developed globally over the last few years.
	    Equinox acquired the Lumwana project in 1999 and following nearly 10
years of feasibility, financing and construction, commissioned the mine, plant
and infrastructure in December 2008.
	    Situated 220 km northwest of the Zambian Copperbelt, Lumwana hosts a
proven and probable mineral reserve of 321 Mt of ore grading 0.7% Cu plus
inferred resources of 417 Mt of 0.6% Cu. Lumwana is now a major copper mine
which will establish Equinox as one of the world's top 20 copper producing
companies.
	    At initial design capacity, Lumwana will process in excess of 20 million
tonnes of ore per year, mined at an average life of mine strip ratio of 4.2:1.
Lumwana ore, which is predominantly sulphide, is treated through a large, yet
conventional plant, producing a copper concentrate for sale to local and
international offtakers.
	    In addition Equinox is also looking at opportunities to grow the Company
through both internal expansion (potential uranium plant to process the high
grade uranium stockpile and an expansion of the Lumwana copper plant
throughput rate) and through the international search for mergers and
acquisitions.

	    <<
	        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 certain information which may constitute
"forward-looking statements" and/or "forward-looking information" within the
meaning of securities laws. Forward-looking information can often, but not
always, be identified by the use of words such as "plans", "expects", "is
expected", "is expecting", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes", or variations (including negative
variations) of such words and phrases, or state that certain actions, events
or results "may", "could", "would", "might", or "will" be taken, occur or be
achieved. Forward-looking information may relate to management's future
outlook and anticipated events or results and may include statements or
information regarding its future plans or prospects of the Company. Without
limitation, statements that the Company anticipates achieving design
throughput for the mill in H2-10; that 2010 production is expected to be
135,000 tonnes of copper in concentrate at a C1 cash cost of $1.35/lb Cu and
that improvement in mine and plant productivity should continue into the 2010
dry season, are forward-looking statements. The purpose of forward-looking
information is to provide the reader with information about management's
expectations and plans for 2010.
	    Forward-looking information is based on certain factors and assumptions
regarding, among other things, anticipated financial or operating performances
of Equinox, its subsidiaries and their respective projects; future prices of
copper and uranium; the estimation of mineral reserves and resources; the
realization of mineral reserve estimates; the timing and amount of estimated
future production; estimated costs of future production; the sale of future
production and the performance of off-takers; capital, operating and
exploration expenditures; costs and timing of the development of the Lumwana
Project; the costs of Equinox's hedging policy; costs and timing of future
exploration, requirements for additional capital; government regulation of
exploration, development and mining operations; environmental risks;
reclamation and rehabilitation expenses; title disputes or claims; and
limitations of insurance coverage. Without limitation, in stating that the
Company anticipates achieving design throughput for the mill in H2-10; that
2010 production is expected to be 135,000 tonnes of copper in concentrate at a
C1 cash cost of $1.35/lb Cu; and that improvement in mine and plant
productivity should continue into the 2010 dry season, the Company has assumed
that the distribution of the copper mineralization described in the Amended
Technical Report dated April 2009 is accurate and that it will successfully
mine through the oxide and transition mineralization in the weathering profile
and reach the more consistent sulphide ore; that its ongoing efficiency
programs and efforts will continue to result in productivity improvements and
that the continuing efforts of its equipment suppliers will achieve the
desired results and meet their contractual commitments to the Company. Further
in relation to mining of the orebody, it assumes that it will successfully
segregate the uranium mineralization within the copper orebody at the lower
200ppm U cutoff grade. While the Company continues to evaluate and address its
productivity issues, the full impact of them on the Company's annual
production target, earnings and ability to meet its obligations cannot be
ascertained at this time. Similarly, there can be no assurance on the affect
of these issues on the Company's debt service obligations or loan covenants
under its banking facilities and its offtake obligations. The Company is
actively evaluating and addressing these issues with the expectation of
mitigating them in the near term.
	    Readers are cautioned that forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Equinox and/or its subsidiaries to be
materially different from any future results, performance or achievements
expressed or implied by the forward-looking information. These factors include
risks inherent in the exploration and development of mineral deposits;
operational risks inherent in the conduct of mining activities; risks relating
to changes in copper and uranium prices; changes in demand and supply of
copper and uranium; uncertainties inherent in the estimation of mineral
reserves and resources; risks inherent in the estimation of future production
and future production costs; the estimation of cash costs of copper
production; risks related to the Company's indebtedness including risks
related to meeting its financial covenants; financing risks; risks related to
interest rates, exchange rates; inflation or deflation; changes in the value
of the U.S. dollar to foreign currencies; political and economic conditions of
major copper-producing countries; risks inherent in securing off-take
arrangements and terms and/or enforcing such terms; insurance, government
regulation, licences and permits and environmental risks; risks inherent in
the estimation of reclamation costs; risks related to the Company's hedging
activities; litigation; competition and reliance on key personnel. These risks
are discussed in the section entitled "Risk Factors" in the Company's Annual
Information Form dated March 27, 2009. Although Equinox has attempted to
identify statements containing important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking information, there may be other factors that cause actions,
events or results to differ from those anticipated, estimated or intended.
Forward-looking information contained herein are made as of the date of this
document based on the opinions and estimates of management on the date
statements containing such forward looking information are made, and Equinox
disclaims any obligation to update any forward-looking information, whether as
a result of new information, estimates or opinions, future events or results
or otherwise. There can be no assurance that forward-looking information will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly, readers
should not place undue reliance on forward looking information.
	    Scientific and technical information contained in this press release has
been prepared under the supervision of Robert Rigo, BEng., FAusIMM, MIEAust,
Vice President, Project Development of Equinox who is a "Qualified Person" in
accordance with National Instrument 43-101 - Standards of Disclosure for
Mineral Projects. Readers are cautioned not to rely solely on the summary of
information contained in this release, but should read the Amended Technical
Report which is posted on Equinox's website at www.equinoxminerals.com and
filed on SEDAR at www.sedar.com and any future amendments to such report.
Reader are also directed to the cautionary notices and disclaimers contained
therein.
	    Readers are cautioned not to rely solely on the summary of such
information contained in this release, but should also read the final
prospectus dated April 16, 2009 and the documents incorporated by reference
therein, particularly, the Annual Information Form dated March 27, 2009, all
of which are filed on SEDAR (www.sedar.com). Readers are also directed to the
cautionary notices and disclaimers contained herein.






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	    /For further information: Craig R. Williams (President and Chief
Executive Officer), Michael Klessens (Vice President - Finance and Chief
Financial Officer), Phone: +61 (0) 8 9322 3318, Email:
equinox@equinoxminerals.com; or Kevin van Niekerk (V.P. Investor Relations),
Phone: (416) 865-3393, Email: kevin.van.niekerk@equinoxminerals.com; or David
Griffiths (Gryphon Management Australia), Phone +61 (0) 419 912 496, Email:
david.griffiths@gryphon.net.au/