10:20:24 EDT Sun 19 May 2024
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Avino Silver & Gold Mines Ltd
Symbol ASM
Shares Issued 118,588,690
Close 2023-06-20 C$ 0.89
Market Cap C$ 105,543,934
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Avino holders OK all matters at AGM; adds new director

2023-06-20 19:27 ET - News Release

Mr. David Wolfin reports

AVINO REPORTS VOTING RESULTS OF ITS 2023 ANNUAL GENERAL MEETING AND APPOINTS NEW DIRECTOR

At Avino Silver & Gold Mines Ltd.'s annual general meeting of shareholders (AGM) of the company held on June 20, 2023, all resolutions proposed to shareholders were duly passed. A total of 1,785,687 common shares of the company, representing approximately 1.5 per cent of the company's issued and outstanding common shares as at the record date, were voted.

This news release briefly describes the matters voted upon and the outcome of the votes at the meeting.

1. Setting the number of directors at five

According to proxies received and a vote conducted by a show of hands, the resolution regarding the setting of the number of directors at five was passed as shown in the attached table.

2. Election of directors

According to proxies received and a vote conducted by a show of hands, the following directors were elected to the board of directors of the company as shown in the attached table.

3. Appointment and remuneration of auditor

According to proxies received and a vote conducted by a show of hands, the resolution regarding the appointment and remuneration of Deloitte LLP, as auditor of the company, was passed as shown in the attached table.

The board of directors appreciate the support of the company's shareholders.

Appointment of new director

Avino is pleased to announce the appointment of Carolina Ordonez to its board of directors, as an additional director, effective today.

Ms. Ordonez is the recipient of the Top 10 Most Influential Hispanics in Canada, has over 15 years of experience in the resource sector as a liaison between governments, corporations, mining subsidiaries, communities and investors, with extensive experience in different regions around the world, including Durango, Mexico. Former roles include executive member of the Vancouver branch of Women in Mining.

A native Spanish speaker, Ms. Ordonez is actively dedicated to promoting Latin-American culture and an influential member of the community. She has led the board of various not-for-profit organizations and sits on the board of The Karina LeBlanc Foundation.

Ms. Ordonez holds a global designation in international trade business and international commerce from the British Columbia Institute of Technology and a diploma in global business and politics from the Yale School of Management.

"We are delighted to welcome Carolina Ordonez as a member of the board," said Peter Bojtos, chairman of the board. "Carolina will be an excellent addition to the Avino board with her diverse background and experience as we continue on our clear path to transformational growth."

About Avino Silver & Gold Mines Ltd.

Avino is a silver producer from its wholly owned Avino mine near Durango, Mexico. The company's silver, gold and copper production remains unhedged. The company's mission and strategy is to create shareholder value through its focus on profitable organic growth at the historic Avino property and the strategic acquisition of the La Preciosa property. Avino currently controls mineral resources, as per NI 43-101, that total 368 million silver equivalent ounces, within its district-scale land package. Avino is committed to managing all business activities in a safe, environmentally responsible and cost-effective manner, while contributing to the well-being of the communities in which it operates.

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