Mr. David Wolfin reports

AVINO ANNOUNCES Q2 2023 PRODUCTION RESULTS

Avino Silver & Gold Mines Ltd. achieved production results of 587,317 silver equivalent ounces, bringing the 12-month trailing total to 2.8 million silver equivalent ounces from the Avino mine.

Production highlights -- Q2 2023 (compared with Q2 2022):

• Silver equivalent production decreased 10 per cent to 587,317 oz;
• Silver production increased 3 per cent to 232,417 oz;
• Copper production decreased 12 per cent to 1.45 million pounds;
• Gold production increased 13 per cent to 1,520 oz;
• Mill throughput increased by 33 per cent to 157,371 tonnes.

"The Avino mine continued to provide stable production results in the second quarter of 2023, albeit impacted by mining in lower-grade areas and certain mill equipment delivery delays, which are now behind us," said David Wolfin, president and CEO of Avino. "These challenges provided us with the opportunity to implement upgrades to the haulage ramp that has since allowed us to exceed original underground maximum haulage rates. With these upgrades, we expect production to catch up to our internal guidance in the second half of the year. On the exploration side, we are thrilled with the outstanding drill results from below level 17 released earlier this month which further demonstrates that the Avino mine continues to get better as we explore at depth. Finally, we remain focused on the execution of our five-year growth plan."

2023 second quarter highlights:

• Steady production at Avino: Silver equivalent production of 587,317 ounces is another consistent quarter of mining operations. Production decreased when compared with recent quarters, primarily due to mine sequencing of certain lower-grade zones of the Avino mine along with supply chain issues for some maintenance parts that effected recovery in the mill.
• Avino announced best drill intercept in company history: On July 5, 2023, the company released the results of three holes from below level 17, the current deepest workings at the Elena Tolosa (ET) area of the Avino system. Drill hole ET-23-09 showed 57 metres true width of mineralization and is a stepout 50 metres to the west of Avino's most westerly drill hole at 200 metres down dip below level 17. This mineralized intercept is exceptionally wide and has very high silver, gold and copper grades. The vein system continues to be open along strike and at depth.
• Announced ET area drilling results: On May 23, 2023, Avino announced drill results from 10 drill holes from below level 17, the current deepest workings at the mine. The current drill campaign shows the continuity of the Avino vein to be at least 1,100 metres down dip from surface outcrop.
• Metallurgical testing completed at the oxide tailings project: On April 5, 2023, Avino announced metallurgical results from the test work program that was completed and will form the basis of the metallurgical analysis in a prefeasibility study (PFS) on the project. This project has been in Avino's portfolio for many years and factors prominently into its five-year growth plan to become an intermediate silver producer in Mexico. These results also build on the studies in the 2017 preliminary economic assessment (PEA) and increase the level of confidence in the project through the extensive test work completed. In the recent update, the oxide tailings mineral resource was increased by 407 per cent in the measured and indicated categories to total 5.7 million tonnes, and an increase of 287 per cent to the silver equivalent ounces resulting in 17.4 million.
• Dry stack tailings facility completed and operational: Avino's tailings management system is based on its commitment to safety and environmental stewardship. The company approaches its tailings management with respect for the people in its communities and the environment. When Avino considers its environmental approach, it strives to meet or exceed expectations while being guided by best practice standards globally. For those reasons Avino selected dry stack and constructed a dry stack tailings facility which is now complete and fully operational. The conveyor system is installed and is currently transporting the pressed dry tailings to the Avino open-pit area. A tab is now available on the company's website that provides further information on its tailings management system, along with a video (in Spanish) from the mine site that can be viewed. In addition, a selection of short videos of the facility in operation can be viewed under videos and media.
• La Preciosa update: The company is conducting community engagement in the nearby towns adjacent to the property and will provide further updates as plans develop. Avino is fully committed to moving this project forward as it factors prominently in the company's five-year growth strategy.

Quality assurance/quality control

Mill assays are performed at the Avino property's on-site lab. Check samples were submitted to SGS Labs in Durango, Mexico, for verification. Gold and silver assays are performed by the fire assay method with a gravimetric finish for concentrates and AAS (atomic absorption spectrometry) methods for copper, lead, zinc and silver for feed and tail grade samples. All concentrate shipments are assayed by one of the following independent third party labs: Inspectorate in the United Kingdom, LSI in the Netherlands and AHK.

Qualified person(s)

Peter Latta, PEng, MBA, Avino's vice-president, technical services, is a qualified person within the context of National Instrument 43-101 who has reviewed and approved the technical data in this news release.

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 are 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.