An anonymous director reports

AVINO RENEWS ATM EQUITY PROGRAM

Avino Silver & Gold Mines Ltd. has filed a prospectus supplement dated June 13, 2025, to the company's short form base shelf prospectus dated May 26, 2025, with the securities commissions in each of the provinces and territories of Canada, with the exception of Quebec, pursuant to which the company may, at its discretion and from time to time, distribute common shares pursuant to a sales agreement dated June 13, 2023, with Cantor Fitzgerald & Co. (the designated agent), 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 $40-million (U.S.) (the maximum amount). A corresponding prospectus supplement has been filed with the United States Securities and Exchange Commission (the SEC).

"We have re-established the ATM offering after the previous offering expired in May, 2025, and it will be used strategically as an additional source of financial flexibility if required, subject to regulatory requirements," said David Wolfin, Avino's president and chief executive officer.

The ATM offering is being made in the United States under the terms of a registration statement on Form F-10, as amended and filed with, and declared effective on May 28, 2025, by the SEC in the United States, and the shelf prospectus and prospectus supplement filed in each province and territory of Canada, except Quebec. Prospective investors should read the prospectus (including the documents incorporated by reference therein) for more complete information about the company and the ATM offering, including the risks associated with investing in the company and disclosure with respect to the proposed use of proceeds of the ATM offering.

The sales of the offered shares, if any, will be made directly on the NYSE American, or any other trading market for the offered shares in the United States or outside of Canada as otherwise agreed between the agents and the company, 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 and Rule 415 of the Securities Act of 1933, as amended. The offered shares, if any, will be distributed at the market prices prevailing at the time of sale. As a result, prices may vary between purchasers and during the period of distribution. The ATM offering will be effective until the earlier of (i) the date that the aggregate gross sales proceeds of the offered shares sold under the ATM offering reaches the maximum amount, (ii) the receipt for the shelf prospectus ceasing to be effective in accordance with applicable securities laws, and (iii) the termination of the sales agreement in accordance with its terms. 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 company is not obligated to make any sales of offered shares under the distribution agreement. There is no certainty that any offered shares will be offered or sold under the ATM offering.

Copies of the shelf prospectus, prospectus supplement and registration statement may be obtained on request without charge from: (i) the company at suite 900-570 Granville St., Vancouver, B.C., V6C 3P1, Canada, telephone 604-682-3701; or (ii) Cantor Fitzgerald & Co., attention: capital markets, 110 East 59th St., sixth floor, New York, N.Y., 10022, by e-mail at prospectus@cantor.com. You may also obtain these documents free of charge under the company's SEDAR+ profile and on EDGAR.

The Toronto Stock Exchange has conditionally approved the listing of the offered shares that may be sold under the ATM offering. The company intends to rely on the exemption in Section 602.1 of the TSX Company Manual in respect of the ATM offering as an "eligible interlisted issuer" (as such term is defined in the TSX Company Manual).

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 intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the prefeasibility study on the Oxide tailings project was completed. This study is a key milestone in our growth trajectory. As part of Avino's commitment to adopting sustainable practices, the company has been operating a dry stack tailings facility for more than one year now with excellent results. The company 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.