Mr. David Wolfin reports

AVINO REPORTS Q3 2024 PRODUCTION; ANNOUNCES DATE OF Q3 EARNINGS CALL

Avino Silver & Gold Mines Ltd. had third quarter production of 670,887 silver equivalent ounces.

Production highlights -- Q3 2024 (compared with Q3 2023):

• Silver equivalent production increased 13 per cent to 670,887 ounces;
• Silver production increased 19 per cent to 281,831 ounces;
• Copper production increased 55 per cent to 1.8 million pounds;
• Gold production decreased to 1,625 ounces;
• Mill throughput increased by 1 per cent to 156,512 tonnes.

"Our team delivered a strong third quarter, with production increasing by an impressive 13 per cent, as we have managed to overcome ore crushing challenges in June and July. Mill availability, coupled with higher grades and recoveries in silver and copper, respectively, put us back on track for our production guidance of 2.5 [million] to 2.8 million silver equivalent ounces in 2024," said David Wolfin, president and chief executive officer of Avino. "Our operations team is ready to begin underground development as soon as necessary approvals are received 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 continuing to gather strength, we remain focused on delivering organic growth for all stakeholders."

2024 third quarter highlights:

• Production: Production during the quarter significantly increased due to overall mill performance and availability. The company remains on track with its targeted full-year production of 2.5 million to 2.8 million silver equivalent ounces.
• La Preciosa: Following the signing of the long-term land use agreement with a local community on Jan. 9, 2024, the company's operations team is in the final stages for approval to move forward with underground development at La Preciosa. 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 nine months ended Sept. 30, 2024, will be released after market on Tuesday, Nov. 12, 2024.

A conference call to discuss the company's Q3 2024 operational and financial results will be held Wednesday, Nov. 13, 2024, at 8 a.m. PT/11 a.m. ET. To participate in the conference call or follow the webcast, please see the details as follows.

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 number:  877-545-0523

International number:  973-528-0016

Participant access code:  976130

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 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 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. Avino currently controls mineral resources, as per NI 43-101, with a total mineral content of 371 million silver equivalent ounces, within the company's district-scale land package. Early in 2024, a 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, 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.

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