Mr. David Wolfin reports

AVINO PROVIDES UPDATE ON ITS 100% OWNED LA PRECIOSA PROPERTY, PREPARING FOR PRODUCTION

Avino Silver & Gold Mines Ltd. has provided an update on recently completed and continuing work in connection with La Preciosa, its development-stage mineral property which hosts one of the largest undeveloped primary silver resources in Mexico. La Preciosa is located adjacent to Avino's existing operations in Durango, Mexico. The addition of La Preciosa's mineral resource inventory significantly increased Avino's consolidated National Instrument 43-101 mineral resources, which is currently 371 million silver equivalent ounces.

At La Preciosa, capital for 2024 is expected to be between $3-million (U.S.) and $4-million (U.S.) and will include surface works and equipment procurement intended for the first phase of mine development for the Gloria and Abundancia Veins. Avino already has the mining equipment necessary to commence operations at La Preciosa.

The application for the environmental permit has been submitted by the company to the relevant authorities. A further permit will be submitted shortly after receipt of the environmental permit, which is required to commence the construction of the portal, haulage ramp, and the mining of the Gloria and Abundancia veins. Avino anticipates receiving these permits sometime in 2024.

The on-site drill core storage and office buildings are in good condition and are solar-powered. Avino is committed to operating La Preciosa with a small environmental footprint and at a low cost.

Continuing works at La Preciosa and prep work at the Avino mill include:

La Preciosa -- surface and site works:

• Surface office building rehabilitation;
• Extensive sampling of historic surface mineralized stockpiles;
• Haulage of historic stockpiles to the Avino milling complex;
• Reinforcing stability of walls at the mine entrance and previously developed areas underground.

Avino mill processing works:

• Rehabilitation of an unused thickener tank in preparation for processing the previously mentioned stockpiles in one of Avino's 250-tonne-per-day circuits is currently in progress.
• Once the rehabilitation work on the thickener is complete, production of a silver-gold concentrate from this stockpile material will commence, which will be another milestone for the company.

David Wolfin, president and chief executive officer, commented: "In early January, we announced that a long-term land use agreement with a local community for the development of La Preciosa had been signed. This was a pivotal achievement and brought us another step closer to our goal of bringing La Preciosa into production. Given all the recent activity at site, we are incredibly pleased to provide this current update on ongoing works at the property."

CSR continuing initiatives and strategy:

• The company's local and senior management recently distributed Samsung tablets and TVs to the local community schools for all age groups;
• Avino is dedicated to a comprehensive strategy that provides educational resources to students who may otherwise not have those opportunities;
• Avino is keen to educate a future work force;
• Dedicated to strengthening relationships in the communities in which it operates;
• Committed to providing educational tools to the schools;
• Provides information, education and support to communities;
• Videos and photos can be viewed on the company 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 adjacent La Preciosa, which was finalized in Q1 2022. Avino currently controls mineral resources, as per NI 43-101, with a total mineral content of 371 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.