Mr. David Wolfin reports

AVINO MARKS ANOTHER QUARTER OF STRONG PRODUCTION RESULTS; ANNOUNCES DATE OF Q2 EARNINGS CALL

Avino Silver & Gold Mines Ltd. continued strong production momentum in the second quarter with 645,602 silver equivalent ounces. Production in the first half of 2025 totalled 1,325,000 silver equivalent ounces, which positions the company well within the range of the company's original production estimate of 2.5 million to 2.8 million silver equivalent ounces for 2025.

Production highlights -- Q2 2025 (compared with Q2 2024):

• Silver equivalent production increased 5 per cent: Avino produced 645,602 silver equivalent ounces in Q2 2025, representing a 5-per-cent increase from Q2 2024. This increase was driven by significantly improved mill availability, with the company's highest quarterly mill throughput in history. This record throughput was partially offset by lower feed grades in all three metals (silver, gold and copper) as the company moved through a lower-grade section of the mine plan.
• Record mill throughput: In Q2 2025, Avino achieved 36 per cent higher mill throughput versus Q2 2024, totalling a quarterly record of 190,987 tonnes of material. These throughput levels were a result of previous upgrades and automation enhancements made by Avino's operations team, demonstrating significant improvements in mill availability.
• Gold production increased 17 per cent: Q2 2025 production of 1,774 gold ounces represented a 17-per-cent increase compared with Q2 2024. This improved production resulted from the increased tonnes processed, alongside significant improvements in gold recoveries to 74 per cent from 70 per cent in Q2 2024.
• Copper production increased 12 per cent: Avino produced 1.5 million pounds of copper in Q2 2025, a 12-per-cent increase compared with Q2 2024.
• Silver production decreased 3 per cent: Silver production for Q2 2025 was 283,619 ounces, representing a 3-per-cent decrease compared with Q2 2024.

"We are very pleased to report another quarter of strong production at Avino. The second quarter of 2025 saw increased mill availability, which is a direct result of the operational excellence demonstrated by our team during the quarter as well as the benefits being realized from the upgrades to our mill facilities and spare parts processes that were made in previous periods by operations, maintenance and procurement teams," said David Wolfin, president and chief executive officer of Avino. "Tonnes milled during the quarter exceeded our internal forecasts, primarily due to improved plant performance and increased operational efficiency. With two strong quarters behind us, we are on track to meet our 2025 production guidance. At La Preciosa, blasting and development activities are progressing steadily as we approach the Abundancia vein structure. With strong performance at the Avino mine year to date and the continued advancement at La Preciosa, we remain on track with our transformational growth strategy."

Balance sheet update

Avino had approximately $37-million (U.S.) in cash at June 30, 2025, and remains debt-free, excluding operating equipment leases. Avino's balance sheet continues to strengthen as the company executes on its transformational growth strategy.

La Preciosa update

Blasting and construction of the relatively short 360-metre San Fernando main access decline are under way, and equipment mobilization has been swift, allowing development to advance on plan. The new jumbo drill is working on this ramp as it progresses toward intercepting the Gloria and Abundancia veins. Site services have been installed and an existing building has been renovated for site personnel. Recent photos showcasing the work at La Preciosa are available on the Avino website.

Exploration resource and reserve update

The 2025 delineation drilling commenced at the Avino mine in April with a program consisting of nine planned holes from surface. The objective is to test the downdip extension of the Avino vein system below the current lowest mining level, following the trend of previous drilling reported on Sept. 14, 2023. The Avino deposit remains open at depth, and earlier results have shown comparable grades and widths with those currently being mined.

A second surface drill was deployed at La Preciosa to confirm prior drill results from previous operators and to improve the understanding of the grade zonation close to the scheduled mining areas near the ramp. Earlier drill core from previous operators was extensively utilized to provide sample data for earlier technical reports, so remaining samples were limited. To date, three drill holes have been completed and drilling will continue until the end of October. Drilling information will be utilized in underground mine planning, 3-D modelling as well as an update to the resource estimate that is due in Q1 2026. In addition, Avino is planning on releasing its first mineral reserve estimate at the same time as the company has now met the requirements for a producing issuer under National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Earnings announcement

The company's unaudited condensed consolidated interim financial statements for the second quarter of 2025 will be released after the market closes on Wednesday, Aug. 13, 2025.

A conference call to discuss the company's Q2 2025 operational and financial results will be held on Thursday, Aug. 14, 2025, at 8 a.m. PT/11 a.m. ET. To participate in the conference call or follow the webcast, please see the details below.

Shareholders, analysts, investors and media are invited to join the webcast and conference call by logging in on-line or by dialling the following numbers five to 10 minutes prior to the start time.

Toll-free:  888-506-0062

International:  1-973-528-0011

Participant access code:  992730

Participants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the company's name. Participants will have the opportunity to ask questions during the question-and-answer portion.

The conference call and webcast will be recorded, and the replay will be available on the company's website later that day.

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

Peter Latta, PEng, MBA, Avino's vice-president, technical services, is a qualified person within the context of National Instrument 43-101, 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 intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through its growth at the historic Avino property and the strategic acquisition of the adjacent La Preciosa property, 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 the company's growth trajectory. As part of Avino's commitment to adopting sustainable practices, Avino has been operating a dry-stack tailings facility for more than two years 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 the company operates.

We seek Safe Harbor.