Mr. David Wolfin reports

AVINO REPORTS Q2 2024 PRODUCTION; ANNOUNCES DATE OF Q2 EARNINGS CALL

Avino Silver & Gold Mines Ltd. had second quarter production of 616,571 silver equivalent ounces.

Production highlights -- Q2 2024 (compared with Q2 2023)

• Silver equivalent production increased 5 per cent to 616,571 ounces;
• Silver production increased 26 per cent to 292,946 oz;
• Copper production decreased 10 per cent to 1.3 million pounds;
• Gold production was flat at 1,514 oz;
• Mill throughput decreased by 10 per cent to 140,934 tonnes.

"Our second quarter production remained consistent with 616,571 silver equivalent ounces produced, up 5 per cent over the second quarter of last year and tracking our production target for the year. We were able to start processing La Preciosa surface stockpile material through our mill with excellent recovery results, particularly silver, which exceeded our expectations. This contributed to the 26-per-cent increase in silver ounces produced this quarter, which we expect to grow significantly when we are able to commence mining and processing underground material from La Preciosa," said David Wolfin, president and chief executive officer of Avino. "We are eagerly anticipating the receipt of the environmental permits for La Preciosa. La Preciosa is an integral piece of our five-year plan and will deliver economic growth and benefit to the local communities in Durango. With the price of silver gaining momentum, we remain focused on delivering organic growth for all stakeholders."

2024 second quarter highlights

• Production: During the quarter, production remained steady overall, The company remains on track with its targeted full year production of 2.5 million to 2.8 million silver equivalent ounces. The last two weeks of production for the quarter were somewhat impacted due to repairs being carried out on one of the company's cone crushers. A smaller crusher has been utilized to minimize downtime in the mill and the expectation is to be back to full mill capacity very soon.
• La Preciosa stockpiles: During the quarter, almost 10,000 tonnes were processed from the La Preciosa surface stockpiles in circuits 1 and 2, which produced a saleable high-grade concentrate.
• La Preciosa progress: Following the signing of the long-term land use agreement with a local community on Jan. 9, 2024, the application for the environmental permit was submitted by the company to the relevant authorities. Following feedback received in Q2 2024, the company's response has been resubmitted with minor modifications. A further permit application 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. Recent photos from the La Preciosa property can be viewed on the company's website.

Earnings announcement

The company's unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2024, will be released after market on Aug. 13, 2024.

A conference call to discuss the company's Q2 2024 operational and financial results will be held Wednesday, Aug. 14, 2024, at 8 a.m. PT/11 a.m. ET. To participate in the conference call or follow the webcast, please see the details herein.

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:  933119

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 name. Participants will have the opportunity to ask questions during the Q&A (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(s)

Peter Latta, PEng, MBA, Avino's vice-president of technical services, is a qualified person within the context of National Instrument 43-101 who 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 long-term sustainable and profitable mining operations rewarding to shareholders and the community alike through its 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 National Instrument 43-101, with a total mineral content of 371 million silver equivalent ounces, within its district-scale land package. 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.