ASM Avino Silver And Gold Mines Ltd (delisted)

Avino Silver & Gold Mines Ltd. (TSX
VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) - 


As summarized in 2007 news releases (available at www.avino.com), discovery and
offset drilling in the San Gonzalo vein establishes the need for an independent
Qualified Person to evaluate the drill results toward the calculation of NI
43-101 compliant gold and silver resources. The San Gonzalo vein supported turn
of the century historical underground production from a series of stopes
accessed by a small shaft. Exact production history is not known. The 2007 grid
drilling on the down dip and strike projection of the vein away from the stopes
lead to the San Gonzalo vein intercepts encountered in the 40 holes which now
require an independent resource assessment under NI 43-101 rules. Near surface
vein intercepts indicate a portal entry ramp is required to obtain a bulk sample
of the vein for large scale metallurgical testing. Small scale metallurgical
testing on drill core and bulk rejects from the core is now being planned. A
larger metallurgical test of the bulk sample will be possible by recommisioning
an independent 250 tpd flotation circuit within the 1,200 tpd Avino mill. 


David Wolfin, President of Avino, comments: "Our 2007 plan to reassess the
entire Avino property for new vein production opportunities lead to better than
expected drill results on a San Gonzalo vein. The known vein is shown on all the
geologic maps, but it had never been explored by modern techniques in the past.
With the positive San Gonzalo vein exploration drill results we see a way
forward to recommission the mill for large scale metallurgical testing toward
perhaps reopening the mine. It is gratifying to see a way to reopen the Avino
mine which is our core asset that has been on standby since 2001 due to low
metal prices. The San Gonzalo vein discovery provides a way forward toward early
production and also increases the significance of our positive exploration drill
results on the main Avino vein which now also requires a NI 43-101 compliant
resource evaluation. With the team we have in place at the Mine who made the San
Gonzalo vein discovery, we are confident going forward toward early production.
Our team sees new untested discovery potential in other unexplored veins on our
ground which we will continue to pursue."


From 1975 to 2001 the Avino mine produced 16 million ounces silver, 96,000
ounces gold and 24 million pounds of copper from the main Avino vein from an
underground and open pit. The ore was processed by a modern 1200 tpd floatation
mill. It was shut down and was put on a standby basis in 2001 due to low metal
prices and closure of a key smelter. Prior to that, the mine had seen periods of
intermittent production for 500 years dating back to the early Spanish mining
days.


Present maps show the property encompasses sixteen known veins, most of which
have not been completely explored by modern techniques. The 2007 San Gonzalo
vein drilling campaign was a first step in evaluating the full potential of the
property. In 2008, drill exploration on other outlying veins will continue.


Founded in 1968, Avino has established a long record of mining and exploration.
The Company's focus is the acquisition and aggressive exploration of top silver
prospects throughout North America. Avino remains well funded. 


ON BEHALF OF THE BOARD

David Wolfin, President

Avino Silver & Gold Mines Ltd. (TSXV:ASM)
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