Mr. David Wolfin of Avino reports

AVINO ANNOUNCES SECONDARY OFFERING

Coeur Mining Inc. will offer for sale up to 14 million common shares of Avino currently held by Coeur to eligible investors outside of Canada at the prevailing market price at the time of sale, for gross proceeds to Coeur of approximately $7.0-million (U.S.). Avino Silver & Gold Mines Ltd. will not receive any proceeds from the secondary offering.

Coeur owns as of today 14 million common shares, representing approximately 11.24 per cent of the issued and outstanding common shares of Avino (on a non-diluted basis). Upon completion of the secondary offering, Coeur's ownership of Avino's issued and outstanding common shares will be reduced from 11.24 per cent to nil.

The secondary offering will be conducted by Coeur through registered agents on a best effort basis only in the United States and in any other jurisdiction where the common shares may be lawfully offered for sale and sold. No common shares will be offered or sold to Canadian purchasers, and there will be no solicitations or advertising activities undertaken in Canada in connection with the secondary offering. The common shares will be delivered on such dates as may be agreed upon by the selling shareholder and the agents until all of the common shares are sold although it is anticipated that the secondary offering will be completed within the next 90 days. Coeur may pay to the agents a cash commission based on the gross proceeds of the secondary offering. Avino has agreed to pay all of the agents' reasonable costs and expenses incidental to the secondary offering in accordance with the provisions of the registration rights agreement between Coeur and Avino dated March 21, 2022.

The prospectus supplement relating to the secondary offering, together with the base shelf prospectus dated April 11, 2023, will be filed with the securities commissions in all of the provinces of Canada, except Quebec, and Avino's Form F-10 registration statement filed with and declared effective on April 21, 2023, by the Securities and Exchange Commission in the United States, as amended for the secondary offering, will be filed with the SEC (the prospectus supplement relating to the secondary offering together with the base shelf prospectus dated April 11, 2023, and the registration statement, as amended, are collectively the offering documents). 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 offering documents will be available at no charge by visiting the company's profiles on the SEDAR+ website maintained by the Canadian Securities Administrators or the SEC's website, as applicable.

About Avino Silver & Gold Mines Ltd.

Avino is a silver producer from its wholly owned Avino mine near Durango, Mexico. The company's silver and gold 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 La Preciosa property. Avino currently controls mineral resources, as per National Instrument 43-101, that total 368 million silver equivalent ounces, within its district-scale land package. It 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.