Mr. David Wolfin reports

AVINO RENEWS US ATM SHARE OFFERING

Avino Silver & Gold Mines Ltd. has filed a new short form base shelf prospectus dated April 11, 2023, and prospectus supplement dated June 20, 2023, in Canada, pursuant to which Avino may distribute common shares from time to time pursuant to a sales agreement dated June 20, 2023, with Cantor Fitzgerald & Co., H.C. Wainwright & Co. LLC, Roth Capital Partners LLC and AGP/Alliance Global Partners, as agents or as principals, for the distribution of the offered shares in the United States up to the aggregate sales amount of $25.0-million (U.S.), in accordance with the terms of the sales agreement. The offering is being made in the United States under the terms of a registration statement on Form F-10 filed with, and declared effective on April 21, 2023, by the Securities and Exchange Commission (the SEC) in the United States, and the base shelf prospectus and prospectus supplement filed in each province of Canada, except Quebec.

"We have re-established an ATM share offering after the previous offering expired on Feb. 23, 2023, and it will be used strategically from time to time, at the company's discretion and subject to regulatory requirements," said David Wolfin, Avino's president and chief executive officer. "The ATM provides Avino with an additional source of financial flexibility if required."

The sales of the offered shares will be made directly on the NYSE American and will be deemed sales of offered shares under the prospectus in transactions that are deemed to be at-the-market distributions as defined in National Instrument 44-102 -- Shelf Distributions. The offered shares will be distributed at the market prices prevailing at the time of sale. As a result, prices may vary as between purchasers and during the period of distribution. The period of distribution will be until the maximum amount has been achieved, unless terminated earlier under the terms of the sales agreement.

The company has agreed to pay the agents a cash commission up to 3.0 per cent of the gross proceeds of the offering.

The prospectus supplement relating to the offering, together with the base shelf prospectus and the registration statement, will be filed with the securities commissions in all of the provinces of Canada, except Quebec, and the registration statement previously filed with the SEC (Securities and Exchange Commission). The offering documents will contain important detailed information about the securities being offered. Before you invest, you should read the offering documents and the other documents the company has filed for more complete information about the company and the offering. Copies of the sales agreement and the offering documents will be available for free by visiting the company's profiles on the SEDAR website maintained by the Canadian Securities Administrators or the SEC's website.

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.

We seek Safe Harbor.