Mr. David Wolfin reports

AVINO CONTINUES TO INTERSECT HIGH-GRADE SILVER AT LA PRECIOSA

Avino Silver & Gold Mines Ltd. has released the results of four additional drill holes from La Preciosa, which were drilled to twin previous drilling. Assay results for the intercepts of the La Gloria and Abundancia veins continued to be very positive and are shown in Table 1.

Selected intercept highlights:

• Hole PMLP 25-06: 787 grams per tonne silver and 0.51 g/t gold over 5.22 metres true width:
  • Including 3,206 g/t Ag and 1.02 g/t Au over 0.77 metre true width;
• Hole PMLP 25-08 at Gloria: 306 g/t Ag and 1.15 g/t Au over 3.98 metres true width:
  • Including 699 g/t Ag and 5.80 g/t Au over 0.63 metre true width;
• Hole PMLP 25-08 at Abundancia: 463 g/t Ag and 0.61 g/t Au over 4.00 metres true width:
  • Including 642 g/t Ag and 0.60 g/t Au over 0.95 metre true width.

Based on previous drill results, the variation of grades and thicknesses within relatively short distances (under 10 metres) compared with previously drilled intercepts were expected due to the pinch-and-swell geometry of the La Preciosa veins and the high nugget effects. The drill results exceeded grade expectations and verified the geometry of the current vein-based resource model.

"We're excited to share continued strong results from four new drill holes at La Preciosa, each returning excellent grades that exceed the current resource average. These results reinforce the strategy of using underground mining methods to unlock the value of the deposit," said David Wolfin, president and chief executive officer. "Notably, the wider intercepts at La Gloria and Abundancia highlight the deposit's potential, especially early in the mine life. We'll continue to refine our geological model, expand drilling into underexplored areas and integrate ongoing channel sampling data as development advances on both veins in both direction at Level 3."

Drilling results

Assays were received on four holes totalling 915 metres drilled at La Preciosa, intersecting the La Gloria vein in all four holes, the Abundancia vein in three holes, and additional unnamed and splay veins in one of the holes. Assays were processed under Avino's standard quality assurance/quality control program, with no indications of bias or contamination detected. Unlike the Avino mine, the La Preciosa deposit contains no notable copper mineralization, so no copper values are reported.

Details are shown in the table below.

Geological description

La Preciosa deposit is situated on the eastern flank of the Cretaceous to mid-Tertiary Sierra Madre Occidental (SMO). The SMO is the largest silicic igneous province in North America, and it stretches from the United States-Mexico border to the latitude of Guadalajara, where the SMO is covered by the late-Miocene-to-Quaternary Trans-Mexican volcanic belt.

Mineralization at the La Preciosa is hosted within multiple discrete polyphase quartz veins, often displaying banded, smoky, drusy and chalcedonic textures. Also, in each stage, there is variably crustiform banded fracture fill/breccia cement mineralogy. Fluorite, amethyst, a substantial number of barite laths, calcite and rhodochrosite may also be present, and sulphide mineralization in the form of sphalerite, galena, pyrite, chalcopyrite, acanthite, sparse native silver and free gold, as well as iron and manganese oxides have been noted in drill core. The principal silver-bearing mineral at the La Preciosa is acanthite-pseudomorphic after argentite or as microcrystalline to amorphous grains.

The main vein system on the Abundancia ridge consists of dominantly north-south-striking and westward-dipping veins plus east-southeast-striking, south-dipping crosscutting veins. The Abundancia vein system has been traced on the surface for over 1.5 kilometres. In the eastern part of the project, a north-to-northwest-striking, shallow west-dipping vein system with associated hangingwall veining and alteration is exposed in a series of hills. This vein system is referred to as the Martha vein and has been traced by drilling for over 2.5 kilometres along the strike.

The mineralization in the area occurs in veins, veinlets and stockwork. These veins average in true width less than 15 m (Martha vein) and consist of several stages of banded crustiform to colloform, quartz (and cryptocrystalline quartz at shallow depths), adularia, barite and typically later carbonates (both calcite and rhodochrosite); illite commonly replaces the adularia. There are variable amounts of pyrite, sphalerite and galena plus argentite and variable amounts of tetrahedrite-tennantite, freibergite and Ag sulphosalt.

There are steep-dipping veins in the west, such as the La Gloria vein. These steep veins can be considered as a mineralized zone or lode of stockwork, silicification, breccias, veins, vein breccias, veinlets and a general mix of multiple styles of mineralization.

The mineralization displays characteristics typical of epithermal veins in Mexico, particularly of the silver-rich variety. Quartz veins are accompanied by adularia, barite, calcite and rhodochrosite of variable timing as well as acanthite, freibergite, Ag sulphosalts and minor electrum, plus variable amounts of pyrite, honey-coloured sphalerite, tennantite/tetrahedrite, chalcopyrite and galena, and supergene iron and manganese oxides; the hypogene minerals are characteristic of intermediate-sulphidation deposits in Mexico. Mineralization is believed to be Tertiary in age, and both the Lower Volcanic Supergroup (LVS) and Upper Volcanic Supergroup (UVS) are mineralized, but the overlying basalts are recent and not mineralized.

Sampling and assay methods

Following detailed geological and geotechnical logging, selected drill core areas were cut in half. One-half of the core was submitted to the SGS laboratory facility in Durango, Mexico, and the other half was retained on site for verification and reference. Gold is assayed by fire assay with an AA finish. Any samples exceeding 3.0 g/t Au are reassayed and followed by a gravimetric finish. Multielement analyses are also completed for each sample by SGS ICP14B methods. Silver is fire assayed with a gravimetric finish for samples assaying over 100 g/t. Avino uses a series of standard reference materials, blank reference materials and duplicates as part of its QA/QC program during assaying.

Qualified persons

Avino's projects in Durango, Mexico, are under the geoscientific oversight of Michael F. O'Brien, PGeo, senior principal consultant, Red Pennant Communications, and under the supervision of Peter Latta, PEng, Avino's vice-president, technical services, who are both qualified persons within the context of National Instrument 43-101. Both have 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. Avino has been included in the Toronto Stock Exchange's 2025 TSX30. Avino has distinguished itself by reaching the fifth position on the TSX30 2025 ranking. As part of Avino's commitment to adopting sustainable practices, the company has been operating a dry-stack tailings facility for more than two years with excellent results. 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 the company operates.

We seek Safe Harbor.