Mr. David Wolfin reports

AVINO ANNOUNCES EXTENSION OF CONCENTRATES PREPAYMENT AGREEMENT WITH SAMSUNG C&T

The concentrates prepayment agreement with Samsung C&T U.K. Ltd. originally announced on July 9, 2015, has been extended one further year from July, 2017, to July, 2018.

Pursuant to an amending agreement, Avino will sell silver concentrates on an exclusive basis to Samsung until July, 2018. Samsung has previously advanced to Avino the sum of $10-million (U.S.) as prepayment of such concentrates, and the facility will be repaid with interest using Avino's future shipments of concentrates. Avino will make an initial payment of $666,666 (U.S.) in June, 2016, and Avino will repay the balance with interest by 14 additional monthly instalments commencing June, 2017, and ending July, 2018. Other material terms of the facility remain unchanged. The company is pleased to take advantage of the extension of the concentrate sales agreement and revised repayment arrangement, as this ensures a steady long-term contract for the sale of the company's silver concentrates, and will provide capital to Avino to further advance and expand its projects over the next 12 months.

The company's payment of all amounts owing to Samsung is secured by a pledge to Samsung of all of Avino's common shares in Bralorne Gold Mines Ltd. as collateral. Bralorne Gold Mines Ltd. owns the Bralorne property located near Gold Bridge, B.C.

We seek Safe Harbor.