EXHIBIT 23.1 CONSENT OF INDEPENDENT AUDITORS We consent to the reference to our firm under the caption "Experts" and to the use of our report dated October 26, 1999 in Amendment No. 1 to the Registration Statement (Form SB-2) and the related Prospectus of Equidyne Corporation for the registration of 4,202,919 shares of common stock and 845,000 of its common stock purchase warrants. /s/Ernst & Young LLP Manchester, New Hampshire January 26, 2000 II-9