Mr. David Wolfin reports

AVINO ANNOUNCES NORMAL COURSE ISSUER BID FOR COMMON SHARES

The Toronto Stock Exchange (the TSX) has accepted Avino Silver & Gold Mines Ltd.'s notice of intention to make a normal course issuer bid to repurchase, for cancellation, up to an aggregate of 8,428,566 common shares of Avino, representing approximately 5 per cent of the company's issued and outstanding common shares, being 168,571,331 common shares as of March 31, 2026. Purchases can be made at prevailing market prices during a 12-month period commencing on April 8, 2026, and ending on the earlier of April 7, 2027, and the date on which the company reaches the maximum purchases permitted under the NCIB.

David Wolfin, president and chief executive officer of the company, commented: "Avino has enjoyed significant share price appreciation over the past nine months, and is implementing the NCIB to provide flexibility and optionality in the event we determine our share price does not adequately reflect the underlying value and long-term potential of the company. Avino is in a strong financial position, and at current silver prices, expects to generate enough free cash flow in 2026 to support the repurchase of common shares, bringing additional value to shareholders and further underscoring our commitment to delivering strong shareholder returns."

Under the NCIB, purchases will be made through the facilities of the TSX, the NYSE American LLC and/or permitted alternative trading systems in Canada and the United States at prevailing market prices or such other prices as permitted under the rules and policies of the TSX and the NYSE American, as applicable, and applicable securities laws. All common shares purchased by the company under the NCIB will be cancelled. Daily purchases on the TSX under the NCIB will be limited to a maximum of 248,266 common shares, representing 25 per cent of 993,067, the average daily trading volume of the common shares on the TSX for the six months ending March 31, 2026, subject to any purchases made pursuant to the block purchase exception.

The company believes the NCIB will provide a flexible tool as part of its overall capital allocation program, that the repurchase of common shares at certain market prices is an appropriate and desirable use of the company's funds, and that the NCIB is in the best interests of the company and beneficial to its shareholders. The company has no obligation to purchase any common shares and may, at its discretion, suspend or discontinue purchases under the NCIB at any time. The actual number of common shares to be purchased under the NCIB and the timing of any such purchases will be determined by management of the company based on market conditions, share price, best use of available cash and other factors as determined from time to time.

In connection with the NCIB, the company has entered into an automatic share purchase plan (ASPP) in relation to purchases made under the NCIB. The ASPP is intended to facilitate repurchases of common shares at times under the NCIB when the company would ordinarily not be permitted to make purchases due to regulatory restriction or customary self-imposed blackout periods. Before the commencement of any particular trading blackout period, the company may, but is not required to, instruct its designated broker to make purchases of common shares under the NCIB during the ensuing blackout period in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters set by the company. The ASPP will constitute an automatic securities purchase plan under applicable securities laws and has been entered into in accordance with the requirements of the TSX. It will terminate when the NCIB expires, unless terminated earlier in accordance with its terms. All purchases of common shares made under the ASPP will be included in determining the number of common shares purchased under the NCIB. Outside of predetermined blackout periods, common shares may be purchased under the NCIB based on management's discretion.

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. 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.