Mr. David Wolfin reports

AVINO ANNOUNCES $3 MILLION FINANCING

Avino Silver & Gold Mines has arranged a non-brokered private placement of up to 2.4 million units at a price of $1.25 per unit, each unit consisting of one common share and one non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share with a term of three years at an exercise price of $1.52. Sprott Asset Management LP on behalf of certain funds and managed accounts has agreed to participate in this private placement.

No commissions or fees are payable in connection with this financing. The net proceeds of this offering will be used to advance the company's San Gonzalo silver, gold, lead and zinc project at Durango, Mexico, and general working capital requirements.

The financing is subject to approval of the TSX Venture Exchange and all regulatory authorities. The securities issued by the company in connection with this financing are subject to a four-month hold period as prescribed by the TSX Venture Exchange.